State Bank of India

Founded in 1806, The State Bank of India is the largest bank in India.

It is owned by the Government of India and the Reserve Bank of India (India's central bank).

The State Bank of India's first UK establishment opened in 1993.

It also operates in 37 other countries and owns shares in various other banks such as INMB Bank in Nigeria, Nepal SBI Bank, Commercial Bank of India in Moscow, PT Bank Indo Monex in Indonesia, and Giro Commercial Bank in Kenya.

In their UK site, the State Bank of India offers a variety of bank accounts, savings and loans.

Their UK headquarters are in London.

State Bank of India
Visit provider's website

We don't get paid for any links on our site.

We don't currently rate State Bank of India in our Customer Experience Ratings.

Bank accounts

Current accounts

State Bank of India

Current Account

2 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £300.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Foreign use bank accounts

State Bank of India

Current Account

1 stars
Foreign cash withdrawal fee i 2.5%
Foreign cash withdrawal additional charge i £2.00
Foreign purchases fee i 2.5%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Children's Accounts

Children's Savings Accounts

State Bank of India

Jumbo Junior Fixed Deposit Account

Account Type i 3 Year Bond
Interest Rate (AER) i 4.15%
Minimum Opening Balance i £1,000.00
Maximum Balance i £100,000.00
Notice Period i
Fixed Term Length i 3 Year Bond
Minimum Age to Open Account i 0
Maximum Age i 13
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i To be eligible for the Linked Product, you must either possess or open a Jumbo Junior Instant Access account.
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

State Bank of India

Jumbo Junior Instant Access Savings - Issue 2

Account Type i Easy Access
Interest Rate (AER) i 1.95%
Minimum Opening Balance i £100.00
Maximum Balance i £100,000.00
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i 0
Maximum Age i 15
Withdrawal Penalty i Withdrawals can only be made by the trustee
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Notice Savings Accounts

Up to 60 Day Notice Accounts

State Bank of India

Notice Savings Account

Interest Rate (AER) i 2.75%
Part of FSCS i
Notice Period 35 days
Minimum Opening Balance i £1.00
Maximum Balance i Unlimited
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must be a current or savings account customer
Early withdrawals allowed? i
Withdrawal Penalty i

Savings Accounts

1 Year Fixed Rate Accounts

State Bank of India

Fixed Term Deposit

Interest Rate (AER) i 5%
Minimum Opening Balance i £10,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £5,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have a current or savings account with State Bank of India
Can you make early withdrawals? i
Withdrawal Penalty i

2 Year Fixed Rate Accounts

State Bank of India

Fixed Term Deposit

Interest Rate (AER) i 5%
Minimum Opening Balance i £10,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be paid into a fixed term account with similar terms.
Part of FSCS i
Maximum Balance i £5,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have a current or savings account with State Bank of India
Can you make early withdrawals? i
Withdrawal Penalty i

3 Year Fixed Rate Accounts

State Bank of India

Fixed Term Deposit

Interest Rate (AER) i 4.15%
Minimum Opening Balance i £10,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £5,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have a current or savings account with State Bank of India
Can you make early withdrawals? i
Withdrawal Penalty (days) i

State Bank of India

Green Fixed Deposit

Interest Rate (AER) i 4.25%
Minimum Opening Balance i £10,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £5,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

5 Year Fixed Rate Accounts

State Bank of India

Green Fixed Deposit

Interest Rate (AER) i 4.35%
Minimum Opening Balance i £10,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into either a linked account, a nominated account or reinvested in a fixed rate account with similar terms.
Part of FSCS i
Maximum Balance i £5,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have a current or savings account with State Bank of India
Can you make early withdrawals? i
Withdrawal Penalty i

State Bank of India

Fixed Term Deposit

Interest Rate (AER) i 4.25%
Minimum Opening Balance i £10,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £5,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have a current or savings account with State Bank of India
Can you make early withdrawals? i
Withdrawal Penalty i

Easy Access Accounts

State Bank of India

Limited Access Savings Account

Interest Rate (AER) i 2.65%
Minimum Opening Balance i £1.00
Maximum Balance i £5,000,000.00
Part of FSCS i
Withdrawal Penalty i 4 withdrawals per account year are allowed
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Additional Information i

State Bank of India

Instant Access Savings Account - Issue 6

Interest Rate (AER) i 1.95%
Minimum Opening Balance i £500.00
Maximum Balance i £5,000,000.00
Part of FSCS i
Withdrawal Penalty i Free transfer to India using SBI express if a balance of at least £500 remains, if the remaining balance is below £500 the transfer will cost £5.
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Additional Information i

Savings Accounts (ISAs)

2 Year Fixed Rate ISAs

State Bank of India

2 Year Cash ISA Fixed Deposit

Interest Rate (AER) i 4.65%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures to discuss the options available.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must be a new current or savings account customer
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access requires 30 day notice, if the account is closed before the 1st anniversary no interest will be paid, if the account is closed after the 1st anniversary the interest paid will be 1% less.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

3 Year Fixed Rate ISAs

State Bank of India

3 Year Cash ISA Fixed Deposit

Interest Rate (AER) i 4.25%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures to discuss the options available.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must be a new current or savings account customer
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access requires 30 day notice, if the account is closed before the 1st anniversary no interest will be paid, if the account is closed after the 1st anniversary the interest paid will be 1% less.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

5 Year Fixed Rate ISAs

State Bank of India

5 Year Cash ISA Fixed Deposit

Interest Rate (AER) i 4.15%
Minimum Opening Balance i £5,000.00
What happens at maturity? i The provider will contact you before the account matures to discuss the options available.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must be a new current or savings account customer
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access requires 30 day notice, if the account is closed before the 1st anniversary no interest will be paid, if the account is closed after the 1st anniversary the interest paid will be 1% less.
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Easy Access ISAs

State Bank of India

Flexi Cash ISA

Interest Rate (AER) i 2.4%
Minimum Opening Balance i £1.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i