ICICI Bank UK Ltd

Business Summary

Services
retail banking
private banking
business banking
corporate banking
Products
Clients
individuals
companies
Area Served
GBUnited Kingdom

ICICI Bank UK Ltd provides products and services in the areas of retail banking, private banking, business banking, corporate banking. The range of products offered by ICICI Bank UK Ltd includes current accounts, savings accounts, time deposit accounts (1.45 - 1.70 %), mortgage loans. ICICI Bank UK Ltd makes its solutions available to individuals, companies.

Account Opening
submit online application
visit bank branch

Opening an account with ICICI Bank UK Ltd can be done by performing the following steps: submit online application, visit bank branch.

Required Documents
passport
ID card
utility bill

ICICI Bank UK Ltd requires the following documents to open a personal bank account: passport, ID card, utility bill.

While opening a bank account ICICI Bank UK Ltd has to perform KYC procedure and comply with AML requirements. KYC procedure usually includes obtaining the information about customer identity, residential address, current occupation and source of income. KYC checks performed by ICICI Bank UK Ltd and the documents used are outlined below.

Identity Verification
passport
ID card
Address Confirmation
utility bill
Current Occupation
Income Source

ICICI Bank UK Ltd may require additional documentation or information depending on the case.

Ways to Bank
branch branch
online banking online banking
mobile app mobile app

Products and services offered by ICICI Bank UK Ltd are available at its branches and via its online banking system, mobile application.

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

ICICI Bank UK Ltd offers the following time deposit accounts.

Updated on 31 March 2020

ICICI Bank
Sales Region
GBUnited Kingdom
Account Currency
GBP
Interest Rate (p.a.)
1.45 - 1.70 %
Deposit Term
9 - 60 months
Time Deposit Account Details
Product Name
ICICI Bank
Account Currency
GBP
Min. Interest Rate (p.a.)
1.45 %
Max. Interest Rate (p.a.)
1.70 %
Min. Deposit Term
9 months
Max. Deposit Term
60 months

GBUnited Kingdom: This product is offered to the United Kingdom's residents only. When clicking on the product link you will be redirected to the product page in English.
Deposit Guarantee. Time deposit accounts made with ICICI Bank UK Ltd are covered by deposit guarantee scheme of the United Kingdom up to 85,000 GBP per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of the United Kingdom is not taxed. Interest gained on time deposit accounts by residents of the United Kingdom is taxed at 20.00% rate. When the interest is paid, this tax is automatically withhold by ICICI Bank UK Ltd from the time deposit account.

See Also

Mortgage Loans

Mortgage loans are secured loans used for real estate financing purposes (for example, purchase of a new or existing property, construction of an own property, property renovation) without paying the entire value up front. A mortgage loan is secured by the collateral of specified real estate property and is repaid in installments. Mortgage loans offered by ICICI Bank UK Ltd are shown in the table below.

Updated on 31 March 2020

Sales Region
GBUnited Kingdom
Mortgage Term
from 7 years
Mortgage Amount
1,000,000 - 25,000,000 GBP
Max. LTV
65.00 %
Mortgage Loan Details
Currency
GBP
Min. Mortgage Amount
1,000,000 GBP
Max. Mortgage Amount
25,000,000 GBP
Min. Mortgage Term
7 years
Max. Mortgage Term
0 years
Max. LTV
65.00 %
Mortgage Loan Features

Commercial mortgage

Available to UK-based companies

GBUnited Kingdom: This product is offered to the United Kingdom's residents only. When clicking on the product link you will be redirected to the product page in English.

See Also

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