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ICICI Bank UK’s HomeVantage Current Account
For your everyday banking needs open a HomeVantage Current Account with us. You can opt for individual, joint or both accounts. Receive confirmed exchange rates for your money transfers to India. Use our online platform for money transfer to ICICI Bank in India and other Indian banks. Get in touch with us for money transfers or walk-in to any branch.
Please read our FAQs and terms and conditions for more information.
Product Overview
At ICICI Bank UK, we are committed to meet your banking needs in UK as well as India. Our tailor-made current account services have the following features:
- Instant Account Opening via our Mobile App*
- Faster Payments
- Money transfer to India via any channel – online, mobile, phone or branch.
- Get attractive interest rate on linked Savings Account
- View your UK and NRI Account information together
- Instant access to Internet and Mobile Banking
- Free contactless debit card for worldwide purchases.
- Free cheque book on request and Free online monthly statement
| Interest Rate |
Gross is the taxable rate of interest without the deduction of UK Income Tax. Where interest is paid annually, the quoted rate and the AER are the same. |
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| Tax Status | If you are eligible for tax exemption, please contact our bank staff for help. |
*Subject to Checks. For opening Joint accounts, please visit any of our nearest branches.
Who regulates us?
ICICI Bank UK PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268). ICICI Bank UK PLC (Company number 04663024) has its registered office at One Thomas More Square, London E1W 1YN.
What to do if you have a complaint?
If you wish to register a complaint, please contact us promptly at:
ICICI Bank UK PLC, Customer Relations, 2nd Floor, One Thomas More Square, London E1W 1YN
Or
Call our Customer Service Centre at 0344 412 4444 (Calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls).
Or
Email us at ukcustomerrelations@icicibank.com
We will then arrange for a member of the complaints team to investigate and respond to you accordingly.
Are we covered by the Financial Services Compensation Scheme (FSCS)?
ICICI Bank UK PLC is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a Bank is unable to meet its financial obligations. Most depositors – including most individuals and businesses – are covered by the scheme.
In respect of deposits, from 30 January 2017, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with us including their share of any joint account, and not to each separate account.
For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call the FSCS on 0800 678 1100 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS.
You are eligible to open a Home Vantage Current account if you are 18 years or older and a resident of UK or India.
Cash withdrawal from branches:
- No notice period required if withdrawal under £2000 per day.
- Advance notice of a day for withdrawals above £2000 for the concerned branch.
Debit card purchases and ATM withdrawal:
- Daily cash withdrawal limit of £300 on debit card.
- Daily purchase limit of £5000 on debit card for high street merchants.
- Daily purchase limit of £5000 on debit card for online transactions.
Charges schedule
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HomeVantage Current Account
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Issue of Cheque Books (For GBP only)
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Free - If you have 5 or less cheque leaves remaining OR GBP 10 will be charged to stop/cancel the unused cheque leaves in case you have more than 5 leaves |
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Cash Credits at an ICICI Bank counter
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free | ||
Telephone Banking / Online Banking
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free | ||
Issue of one statement at the agreed periodicity
|
free | ||
Direct Debit setup charges
|
free | ||
Issuance of an Internet banking password
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|
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Debit Card
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Transaction charges from July 19, 2017
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Currency conversion fee on Visa exchange rate from July 19, 2017
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|---|---|---|
Annual fee for debit card
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Free | Not applicable |
Debit card re-issuance on expiry
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Free | Not applicable |
Debit card re-issuance before expiry
|
Free | Not applicable |
Debit card purchases in the UK
|
Free | Not applicable |
Debit card purchases in India
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Free | 2.75% |
Debit card purchases in any other location
|
Free | 2.75% |
Cash withdrawals from cash machines in the UK
|
Free | Not applicable |
Cash withdrawal charges at worldwide VISA cash machines
|
Free | 2.75% |
Transaction Charges:
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GBP
|
USD
|
EURO
|
|---|---|---|---|
Cash withdrawals from branches.
Please Note: If withdrawals are in excess of £2000 you need to give advance notice to that branch of ICICI Bank UK from where withdrawal is to be made. |
Free | Free | Free |
If a cheque you pay into your account is returned to us unpaid by another bank or branch
|
Free | $50 | $50 |
Returned Item Charges: Insufficient funds in the account to make a payment such as direct debit or cheque
|
£15 | Not applicable | Not applicable |
Stopped cheque
|
£10 | Not applicable | Not applicable |
Cheques issued by you and rejected for any reason such as insufficient funds, undated cheque, not signed etc.
|
£15 | Not applicable | Not applicable |
Direct debit rejection due to insufficient funds.
|
£15 | Not applicable | Not applicable |
Cancellation of Direct Debit instruction
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Free | Not applicable | Not applicable |
Additional copy of statement (per copy per account)
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£5 | $ 8 | $ 7 |
Foreign Currency Cheques Collection (21 working days approx.)
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£25 | Not applicable | € 45 |
Banker’s cheque /Draft
|
£10 | $16 | € 14 |
INR Draft
|
£10 | Not applicable | Not applicable |
Standing instruction rejection due to insufficient funds
|
£10 | $20 | €15 |
Funds Transfer:
|
GBP
|
USD
|
EURO
|
|---|---|---|---|
To any ICICI bank account in UK
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Free | Free | Free |
To any Non-ICICI bank account in UK (Next business day payment)
|
Free | Not applicable | Not applicable |
Same day transfer of money to another Bank account within the UK (CHAPS)
|
£20 | Not applicable | Not applicable |
Transfer of Money to another Bank Account within UK (SWIFT)
|
£20 | $40 | €30 |
Transfer of Money to another Bank Account outside UK (SWIFT)
|
£20 | $40 | €30 |
| Request for Copy of SWIFT/CHAPS transfer | Free | Free | Free |
Money Transfer to India
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Click here to view the options and charges for transferring money |
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Miscellaneous Charges:
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GBP
|
USD
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EURO
|
|---|---|---|---|
Charges for issuing a reference to auditors
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£10 | $16 | € 15 |
Charges for issuing a reference to other banks
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£10 | $16 | € 15 |
Charges for investigating third party transactions on the account
|
£10 | $16 | € 15 |
Charges for unauthorised overdrafts i.e. we have provided a temporary unauthorised overdraft to you to ensure your account is in order
|
14.75% P.A. Gross interest on the overdraft amount | ||
To receive an international payment into your current account, you will need to provide below details to the sender
1. If the payment is made from other than ICICI Bank Limited (GBP Currency):
- Correspondent Bank: Lloyds TSB, London
- Correspondent Bank SWIFT Code: LOYDGB2L
- Beneficiary Bank: ICICI Bank UK PLC, London
- Beneficiary Bank Swift Code: ICICGB2LXXX
- Beneficiary Bank Account: GB91LOYD30963401023684
- Beneficiary Account: Your account number_________
- Beneficiary Name: Your name___________
2. If the payment is made through ICICI Bank Limited (GBP Currency)
- Beneficiary Bank: ICICI Bank UK PLC
- Beneficiary Bank Swift Code: ICICGB2LCLR
- Beneficiary Account: Your account number___________
- Beneficiary Name: Your name______________
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