Start saving today for your child's tomorrow

The Child Savings Account is an account which consists of the below following accounts linked to a UK Personal Current Account:

• Savings Account
• Fixed Deposit (Non-Withdrawable)
• Fixed Deposit (Withdrawable)

• Visit any one of the ICICI Bank UK plc 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).

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

Parent/Guardian will continue to hold the Savings Account on trust for the child. The Bank will send customer information needed to know before the change and will take it as having agreed to the new account conditions. Upon reaching 18 years, the account will be frozen. The Bank will contact the minor three months in advance of the 18th birthday, in case the customer (child) wants to have an account of their own.

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 1st December 2025, an eligible depositor is entitled to claim up to £120,000. 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 £120,000 each (making a total of £240,000). The £120,000 limit relates to the combined amount in all the eligible depositors' 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 that only compensation-related queries should be directed to the FSCS.

Read our FAQs and Terms and Conditions for complete information.

Please Note: Parents or Legal Guardian should hold a UK Personal Current Account prerequisite to open a Child Savings Account.