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| 1. |
What is SuperSaver Savings Account? |
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Supersaver Savings Account is an interest rate bearing savings account linked to your ICICI Bank UK PLC Current Account. This means that you can open a SuperSaver Savings Account only if you have a current account with us. The interest rate offered may vary from time to time as stipulated by us. You can make a partial or full withdrawal from this account without attracting any penalty. |
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| 2. |
How do I operate my SuperSaver Savings Account? |
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SuperSaver Savings Account will help you earn great returns on your savings.
You may move funds from your Savings Account to your ICICI Bank current
account and vice versa. This can be done by providing a written request at
any of our branches or sending the same to ICICI Bank UK PLC, PO Box 905,
Wembley- HA0 9DX. You may also transfer the funds by accessing your account
online. |
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| 3. |
What is SuperSaver Bond? |
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SuperSaver Bond is a savings proposition that can help you improve returns
on your savings. Interest rates offered vary with the term and value of the
deposit. The money deposited is held for a fixed term at a fixed rate of
interest and the funds are not available for partial withdrawal or early
withdrawal except under extreme circumstances like in the event of death of
the account holder or bankruptcy. The bank will apply a penal rate in all
other cases. The applied penal rate will be at the discretion of bank.
You can plan your savings better by choosing a monthly, quarterly or annual payment of interest. The interest will be paid into your linked HomeVantage Current Account. |
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| 4. |
What are the features of SuperSaver Bond? |
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 Rate Guarantee
You will earn fixed interest rates during the term of your deposit. Minimum Deposit value is £1000.
Automatic Renewal
Our convenient renewal service means your SuperSaver Bond is
automatically renewed when it matures. With prior auto-renewal instructions, you don't lose out on a single day of interest.
Easy Management
Your money is secure during the term of your deposit. You will not be able to make an early or partial withdrawal of your deposit except under exceptional circumstances like in the event of death of the account holder. For more information on your SuperSaver Bond account, call us on 08081 31 41 51 (freephone from UK landline) or walk into your nearest branch.
Interest Payment
You may plan your finances by choosing a monthly, quarterly or annual
payment of interest to your linked current account. The interest paid will
be simple interest.
Joint Account
You can choose to either open an individual account or a joint account. To
get more information on joint accounts, talk to your ICICI Bank Relationship
Manager or the branch staff or click here |
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| 5. |
How can I apply for SuperSaver Bond? What Documents do I need? |
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It's quite simple. You need to complete an Account opening form and give us a Proof of Identity and Address.
Account Opening Forms:
click here for the form.
Proof of Identity:
Proof of Identity must be issued by a public authority and should include the applicant’s name, date of birth, nationality, a signature and a photograph of the bearer e.g. Passport and Driving License.
Proof of Address:
Proof of Address must be issued by recognised authorities, banks or
utilities and should include full name and address of the applicant. It could be in
the form of utility bills, driving license, tax bill, bank statement or
others. The proof submitted, except in the case of driving license, has to
be less than 3 months old. |
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| 6. |
What is the minimum amount I need to open a SuperSaver Bond? |
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You need to deposit a minimum amount of £1000 to open a SuperSaver Bond. |
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| 7. |
In which currency can I open a SuperSaver Bond ? |
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You can open a SuperSaver Bond in GBP only. |
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| 8. |
How do I operate my SuperSaver Bond? |
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The term of the SuperSaver Bond shall commence at the earliest date on which the Bank receives cleared funds in the SuperSaver Bond account, upon satisfactory completion of all documentation as required by the Bank. When you set up the SuperSaver Bond, or at any time thereafter, you may request us/the Bank (unless we/the Bank agree otherwise) on maturity of the deposit, to reinvest the funds including accrued interest for a further agreed term. We should receive the request for reinvestment of the funds and accrued interest at least 15 days prior to the maturity of the deposit. If you have not requested us to reinvest the funds or given us further instructions, then the deposit will be transferred to your linked current account. |
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| 9. |
What is Fixed Deposit? |
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Fixed deposit can help you improve returns on your savings. Interest rates
offered on these deposits vary with the term, value and currency of the
deposit. Under fixed deposits, money deposited is held for a fixed term at a
fixed rate of interest. Deposits can be opened for periods ranging from 7
days to five years. Any pre-mature closure will attract a penalty of 1% on
the offered interest rate. Please note that we no longer offer this product. We will continue to service our existing Fixed Deposit customers. |
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| 10. |
What are the features of Fixed Deposit? |
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Rate Guarantee
ICICI Bank’s Fixed Deposits are a great way to invest your surplus funds and earn fixed interest rates, during the term of your deposit. Minimum Deposit value is either £1000, €1000 or $10000 depending upon the currency of the deposit.
Automatic Renewal
Our convenient renewal service means your fixed deposit is automatically renewed when it matures. With prior auto-renewal instructions, you don't lose out on a single day of interest.
Easy Access
For information on your fixed deposit account, call us on 08081 31 41 51 (freephone from UK landline) or walk in to your nearest branch. If you have a linked current account, you can also view the account online
Multi-currency
We offer fixed deposits in GBP, USD or Euro.
Joint Account
You can choose to either open an individual account or a joint account. To
get more information on joint accounts, talk to your ICICI Bank Relationship
Manager or the branch staff or click here |
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| 11. |
How can I apply for a Fixed Deposit? What Documents do I need? |
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It's quite simple. You need to complete an Account opening form and give us a Proof of Identity and Address.
Account Opening Forms:
click here for the form.
Proof of Identity:
Proof of Identity must be issued by a public authority and should include the applicant’s name, date of birth, nationality, a signature and a photograph of the bearer e.g. Passport and Driving License.
Proof of Address:
Proof of Address must be issued by recognised authorities, banks or
utilities and should include full name and address of the applicant. It could be in
the form of utility bills, driving license, tax bill, bank statement or
others. The proof submitted, except in the case of driving license, has to
be less than 3 months old. |
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| 12. |
What is the minimum amount I need to open a Fixed Deposit? |
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You need to deposit a minimum amount of £1000, €1000 or $1000,
depending upon the deposit currency, to open a fixed deposit. |
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| 13. |
In which currency can I open a Fixed Deposit? |
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You can open a fixed deposit in GBP, USD or Euro. |
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| 14. |
How can I contact ICICI Bank UK PLC.? |
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Call us on 08081 31 41 51 (freephone from UK landline)
Or post your request to ICICI Bank UK PLC, PO BOX 905 WEMBLEY HA0 9DX |
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| 15. |
I have a joint account. How do I operate it? |
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If you hold a Joint Account with us, we will act upon the instructions given to us by any one of the joint account holders or as per the signing condition specified at the time of opening the account. If you find any discrepancies in your monthly statements, you must inform us of the same immediately.
Each account holder in a joint account is liable individually as well as together with the other joint holders of the account. For details on disputes, communication between the Bank and You, end of relationship with any joint holder, freezing of Account, kindly go through the Personal banking Terms & Conditions available at: https://www.icicibank.co.uk/legal.html |
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| 16. |
Do I need to keep any specific things in mind while banking online? |
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Online Banking is safe and convenient as long as you take a number of simple precautions. Please make sure you follow the advice given below:
Keep your PC secure. Use up-to-date anti-virus and spyware software and a personal firewall.
Keep your passwords and PINs secret.
Treat e-mails you receive with caution and be wary of e-mails or calls asking you to reveal any personal security details. Neither the police nor we will ever contact you to know your online banking or payment card PINs, or your information on your password.
Visit: www.banksafeonline.org.uk for further useful information.
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Savings FAQs