If you have availed any facility/ service and entered into a contract, which categorically states a rate different from the services mentioned above, the rate mentioned in the said contract would apply.
The scheduled charges apply to normal transactions. Any other out of pocket expenses such as stamp duties, telephone charges, correspondent's commission, etc., if any, on actual basis will be payable additionally.
Wherever £ is used, it means GBP, € is used it means Euro and $ is used it means US$.
In case of business denominated in GBP, Euro and US$, the tariff would be recovered in respective currencies. In case of other currencies (or if the Euro/ US$ rates are not mentioned), the tariff would be computed taking GBP equivalent of the currency concerned.
Account holders who maintain a minimum monthly balance required in accordance with the terms and conditions of the account, are eligible to transfer funds free of charge using SBI Express. The monthly minimum balance is calculated based on the previous month's average balance, by totalling the daily balance in the previous month and then dividing this by the number of days in the previous month.
For any other services not listed herein, the customer may ascertain the charges in advance from the Bank in writing.
The Bank reserves the right to amend the tariff of Charges after due notice (in writing to customers at the last recorded address by ordinary post). A copy will be posted in the bank's notice board.
In case of any discrepancy in the bank charges or if it is not consistent with the contract with you, please bring it to the notice of the bank immediately.
Other Important Information
In keeping with Money Laundering Directives, the Bank does not encourage cash transactions. At its discretion, the Bank may refuse to pay cash if the customer is not able to provide satisfactory proof of identification and address and may refuse to accept cash without proof of its source.
Account holders are reminded of their right that they may give instructions at any time that they do not wish to receive marketing material.
Please note that if the Bank incurs costs or expenses pertaining to the customer, the customer will pay those costs and expenses.
All services listed herein may not be available at all of our branches in the UK. For queries please call your nearest branch.
All information, rates and prices in this leaflet form part of your terms and conditions that apply to your account.
Indicative Foreign Exchange Rates (up to GBP25, 000.00 or equivalent in other currencies) for today:
SBI UK's customers can now fill an online application for a NRI account.
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.