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India Linked Products and Services

ICICI Bank UK PLC introduces to you a range of products and services, offered by ICICI Bank Limited., India, to meet your Non-Resident Indian (NRI) banking needs:

  • Savings accounts
  • Fixed deposits
  • Property services

NR products and services are not authorised or regulated by the Financial Conduct Authority and are not protected by the Financial Services Compensation Scheme (FSCS).

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Non-Resident External (NRE) Savings Account

The NRE Account allows you to deposit your UK income in India. Of the Non-Resident accounts we offer, this is the most convenient way to use your UK earnings in India. Whether you are a student, a professional, a salaried
employee or an entrepreneur, our NRE Savings Account offers flexibility and
ease of use.

Features

  • A minimum account balance of INR 15,000. For student accounts, it’s INR 5,000.
  • Your principal and interest amount are tax exempt and fully repatriable i.e.
    can be transferred back to UK.
  • Monitoring your account and tracking your funds transfer is simple and easy. Pay your utility bills (telephone, electricity, etc.) and insurance premium in selected Indian cities. For more information:
    • Visit www.icicibank.com, and login to Internet Banking, or
    • Call our Customer Service Centre on 08081 31 41 51(Freephone from UK landlines).
  • You get an international ATM-cum-debit card that can be used worldwide.
  • Free ATM card for your mandate holder in India, giving them access to your account and a free cheque book for them on your request.

Non-Resident Ordinary (NRO) Account Savings Account

With our NRO Account you can deposit and manage your earnings in India, such as, rent, investment dividends and pension payments. Be assured of efficient management of your local Rupee earnings in India while you live in the UK.

Features

  • The account requires a minimum average quarterly balance of just INR 15,000 in the Savings Bank Account (or INR 25,000 in the Customer ID).
  • Interest earned on funds held in an NRO Savings account is fully repatriable (after tax).
  • It can be opened jointly with a resident Indian and long as the primary account holder is a Non-Resident Indian.
  • A mandate facility is also available.
Know more

View your UK and NR Account information together

You can now view the details of your NR Accounts held with ICICI Bank Ltd., India from your ICICI Bank UK PLC logged in section. This will make tracking your finances between the UK and India more convenient.
Click here to know more.

Non-Resident External Fixed Deposit (NRE FD)

The NRE FD is a high-return Rupee deposit option to invest your foreign income. This account presents a safe investment opportunity offering high returns, flexible deposit tenures, and no taxes on your foreign earnings. You can currently earn up to 9.31% interest when you invest under 10 million INR in an NRE Fixed Deposit for a term between 390 days and two years. Interest rates are subject to change.

Features

  • Open an NRE Fixed Deposit Account with as little as INR 25,000.
  • Your principal and interest amount are tax exempt and fully repatriable i.e. can be remitted back to UK.
  • Choice of term from one year to 10 years.
  • An Electronic Deposit Confirmation Advice (E-DCA) is sent to your email ID within one working day (If you have subscribed for account statements via email).
  • Automatic renewal of your deposit.
  • Competitive exchange rates when you convert foreign currency into Rupees.
Know more


Foreign Currency Non Resident Account (FCNR)

The FCNR enables you to earn attractive returns on your overseas earnings in India, without converting them into Indian Rupees.

Features

  • Open an FCNR Account with a minimum deposit amount of £1,000.
  • Your principal and interest amount are tax exempt and fully repatriable i.e. can be remitted back to UK.

  • Choose a term from one year to five years.
  • Maintain funds as term deposits in US Dollar (USD), British Pound (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD) and Australian Dollar (AUD).
  • An Electronic Deposit Confirmation Advice (E-DCA) is sent to your registered email ID within one working day (If you have subscribed for account statements via email).
  • Automatic renewal of your deposit available.
Know more

Non-Resident Ordinary Fixed Deposit (NRO FD)

The NRO FD is an attractive option for NRIs who want to earn regular returns on their income generated in India.

Features

  • Open an NRO Fixed Deposit Account with as little as INR 25,000.
  • Choose a term from 15 days to 10 years.
  • Available on both new and existing NRO FD accounts
  • NRI customers can also invest in an NRO FD and take advantage of the Double Taxation Avoidance Agreement. This gives you a tax concession and a higher yield rate on an NRO FD.
Know more

View your UK and NR Account information together

You can now view the details of your NR Accounts held with ICICI Bank Ltd., India via your ICICI Bank UK PLC logged in section. This will make tracking your finances between the UK and India more convenient.
Click here to know more

Property Services

Property Services is brought to you in partnership with ICICI Home Finance, one of the leaders in the Indian property market. Together, we can help you make the right decision when buying property in India.

Convenience and Security

When you buy a property with ICICI Bank Ltd., we will put you in contact with associates who are known and trusted to us. We believe that this peace of mind is important when purchasing property abroad.
Choice

Choose from a wide variety of properties across India. We are equipped to inform you of property developments in India. Whether you want a one bedroom flat or a family home, we can help.

Savings Accounts and Fixed Deposits

Offered by All NRI deposit products and services are offered by ICICI Bank Ltd. India and its group companies.
Regulation NR products and services are not authorised or regulated by the Financial Conduct Authority and are not protected by the Financial Services Compensation Scheme (FSCS). Hence, rules made under the UK Financial Services and Markets Act 2000 for the protection of customers do not apply.
Deposit protection Protection afforded by the UK regulatory system, including the Financial Services Compensation Scheme (FSCS), will not apply.
Role of ICICI Bank UK ICICI Bank UK PLC acts as an introducer and only helps in facilitating client documentation to initiate the relationship with the respective ICICI Group company offering the product or service.
Contact Details
Complaints
  • Write to Customer Relations, ICICI Bank UK PLC, 2nd floor, One Thomas More Square, London E1W1YN.


  • Call our Customer Service Centre on 08081 31 41 51 (Freephone from a UK landline)


  • Email ukcustomerrelations@icicibank.com


ICICI Bank UK PLC is responsible for resolving pre sales complaints and ICICI Bank UK PLC will liaise with ICICI Bank Ltd. to resolve post sale complaints.

Property Services

Offered by NRI property services are offered by ICICI Home Finance Company. ICICI Home Finance Company is fully owned subsidiary of ICICI Bank Limited, India (‘ICICI Bank”).
Regulation NR products and services are not authorised or regulated by the Financial Conduct Authority and are not protected by the Financial Services Compensation Scheme (FSCS). Hence, rules made under the UK Financial Services and Markets Act 2000 for the protection of customers do not apply.
Role of ICICI Bank UK PLC ICICI Bank UK PLC acts as an introducer and only helps in facilitating client documentation to initiate the relationship with ICICI Home Finance Company offering the product or service.
Pre-sales complaint (upto the time the builder issues an allotment letter) Write to us at: Customer Relations, ICICI Bank UK PLC, 2nd floor, One Thomas More Square, London E1W1YN, or Call our Customer Service Centre at 08081 31 41 51 (Freephone from UK landlines), or

Email us at: ukcustomerrelations@icicibank.com

ICICI Bank UK PLC is responsible for resolving all pre-sales complaints.
After sales complaint (All complaints after the issuance of the allotment letter by the builder) Write to us at: Customer Relations, ICICI Bank UK PLC, 2nd floor, One Thomas More Square, London E1W1YN, or

Call our Customer Service Centre at 08081 31 41 51 (Freephone from UK landlines), or

Email us at: ukcustomerrelations@icicibank.com

ICICI Bank UK PLC will liaise with ICICI Bank Home Finance Company, who will contact the third party builder to resolve these complaints.

How to Apply

You can apply for any of the India Linked products and services by visiting any of our UK branches. Click here to find your nearest ICICI Bank UK branch.

Please see below for the documents that you will need to provide when applying for India Linked products and services.

Passport: The page(s) of your passport with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and stamp regarding stay outside India.

Address proof: Your proof of address must be issued by a recognized authority, bank or utility company (e.g. water, gas, electric or telephone company) and should include your full address. Your proof of address, except in the case of driving license, should not be more than three months old and could be in the form of a utility bill, tax bill, driving license or bank statement.

For Non-Resident Indians, also provide a valid visa.



HomeVantage Current Account

Transfer funds instantly to your ICICI Bank NRE or NRO account and invest in Indian stockmarkets through ICICI Direct.

More about HomeVantage

ICICI savings accounts

For easy access to your savings with an attractive interest rate - see our range of ICICI SuperSaver accounts.

More about SuperSaver accounts

Money transfer

Our international network and low charges enable fast and convenient money transfers with competitive exchange rates – online, in branch and over the phone.

More about Money Transfer

We're here to help

Call us 080 81 31 41 51 (freephone from UK landlines).

If you're outside the UK, call +44 203 478 5319.

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