For £1000 invested for 12 months at interest rate of 3.00% (AER), you'll earn approximately £30.00 interest (gross). This is applicable when amount is invested for complete year and the interest is not withdrawn from the account.

ICICI Bank UK plc has the right to change the rate of interest.

• ICICI Bank UK plc will keep you informed about changes in the interest rates on your Account/s by sending you a personal notice within 30 days of the change.

• If ICICI Bank UK plc reduces the interest rate to your disadvantage, you will be given 30 days prior notice and if you wish, we will close your Account or help you switch your Account to a Bank of your choice.

• Read the T&C for complete information.

You are eligible for a Child Savings Account Monthly Interest Savings Account:

To apply for this account,

• The adult operates the account as trustee for the child.

• Resident in the UK and India

• Parents or Legal Guardian should hold a UK Personal Current Account (HVCA) with ICICI Bank UK.

• Possess satisfactory identity and address verification.

The Savings Account for child is an account which consist of following accounts linked to UK Personal Current Account (HVCA). 

• SuperSaver Savings Account

• SuperSaver Bond

• SuperSaver Term Deposit

• Visit any one of ICICI Bank UK branches

• Call our Customer Service Centre on 0344 412 4444 (Calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls).

For Child

• Passport copy of Child (India or UK)

• Copy of Full Birth Certificate (for child having a UK Passport)

For Parent / Legal Guardian

• ID proof (Passport Copy)

• Address proof (as per existing guidelines)

• Relationship proof, incase of legal guardian

This can be issued by any recognised authority, bank or utility company

Please Note: Holding a HomeVantage Current Account is an important prerequisite to opening a Child Savings Account Monthly Interest Savings Account. If your account was opened over two years ago, a mandatory electronic identity check is necessary and for this Parents or Legal Guardian will be requested to visit one of our UK branches.

• Withdrawals can only be made to the linked ICICI Bank  UK Personal Current Account

• Withdrawals can be requested online and through a branch

• No restrictions on the number of withdrawals made

• No notice period required for withdrawals

• No penalty on withdrawals

Parent/Guardian will continue to hold the SuperSaver Savings on trust for the child. The Bank will send customer information need to know before the change and will take as having agreed to the new account conditions. Upon reaching 18 years the account will be freezed. The Bank will contact minor three months in advance before the 18th birthday, in case customer (child) wants to have an account of their own.

ICICI Bank UK plc has its registered office at One Thomas More Square, London E1W 1YN. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268). It is subject to the laws of England and Wales. It is registered in England and Wales as a public limited company (Registration Number 04663024).

We are 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.