We want to give families a product range that allow them to access money quickly or to secure their deposits for a longer period to guarantee a fixed rate of return for their children's savings. Save on behalf of a child – and benefit from our attractive range of services.
Looking for instant access or fixed-term options? Want to give your child or teenager a head start? Whatever your needs, we’ll help you get the best from your savings.
Send payments to India the way you choose, through our global banking network. Many of our customers don’t pay remittance charges, and our exchange rates are highly competitive.
Indicative Foreign Exchange Rates (up to GBP15,000.00 or equivalent in other currencies) for today:
SBI UK is covered by the Financial Services Compensation Scheme (FSCS), which can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.
An eligible depositor may claim up to £85,000 in deposits under the scheme. 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 (totalling £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with State Bank of India UK Offices, including their share of any joint account, and not to each separate account.
For more information about the scheme, including amounts covered and eligibility to claim, please ask at your local branch, visit the FSCS website or call 0800 678 1100.