For £1000 invested for 12 months at interest rate of 2.25% (AER), you'll earn approximately £22.5 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 This is applicable when amount is invested for complete year and the interest is not withdrawn from the account.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 Monthly Interest Savings Account if you are:

• 18 years or above
• Hold a Personal Current Account with ICICI Bank UK
• Possess satisfactory identity and address verification

• To Apply Online: Visit www.icicibank.co.uk and log on to internet banking. Go to Message > Create Message and place a request to open a Savings Account. Alternatively download our iMobile UK app, and tap on “New Product and Services” > tap on “Open Savings Account”
• 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).
• We will inform you when we receive your application and if your application has been approved.

If you are applying through a branch, you need to submit:

1. Valid proof of identity:
   This could any document issued by a public authority containing your photograph, name, date of birth, nationality and signature
2. Valid proof of address;
   This can be issued by any recognised authority, bank or utility company

Click here to download Application Form. Our document guide provides more information.

Please Note: Holding a Personal Current account) is an important prerequisite to opening a Savings Account Monthly Interest. If your account was opened over two years ago, a mandatory electronic identity check is necessary. If we cannot identify you electronically, you will be requested to visit one of our UK branches.

To set up regular transfers to your Savings Account you have to hold an operational Personal Current Account. To set up standing instructions on your Current Account, please access your account online or enquire with our branch staff

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

Additional information

There are no standard charges on Savings Account offered by ICICI Bank UK PLC. However there are charges levied for certain services/facilities provided for day to day running of your account. We recommend that you go through the Rates and Charges Schedule in our website http://www.icicibank.co.uk before making a choice.

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.