Bank Of India - UK
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Current Accounts

Current account/s can be opened by an individual, body corporate, partnership firms, trusts, associations and any other body/associate which we may consider appropriate for opening the account.

Minimum balance

Individuals - GBP 1000.00 or equivalent in other currencies
Others - GBP 2000.00 or equivalent in other currencies
The account holder/s is required to maintain the minimum balance as set out above in the account at all times. We may apply charges as set out in Our Schedule of Service Charges for not maintaining such balances as required.

Cheque book facility

Cheque books are issued at our discretion.


No interest will be paid on the credit balances in your account at any time. Interest is charged at quarterly periods on all overdrafts and is calculated on clear balances on a daily basis. The interest on temporary overdraft granted is currently 7% over the Bank of England’s Base Rate/Reference Rate. These rates of interest may be changed by us. We will publish these changes on our website.


A service fee per debit and credit entry is payable at quarterly periods on all current accounts. If temporary overdraft is granted a management fee will be charged in addition to interest charge which will be advised to you.

Uncleared cheques

Withdrawals from the account against uncleared cheques deposited will attract interest even though your statement may show that your account has remained in credit. The rate of interest is currently 7% over the Bank of England’s Base Rate/Reference Rate.


The General Terms and Conditions set out the permitted transactions on the account.
It is not our practice to return to you paid cheques drawn on the account.
Monthly statements would be sent by post automatically every month.
A charge of GBP 10 will be debited from your account if a copy of the paid cheque is requested.


The provisions in the General Terms and Conditions in relation to cancellation apply to Current Accounts.

Announcement    >> | ||

No postal applications will be accepted for new Retail Deposits with effect from 02-08-2016, till further notice.

Bank of India is authorised in UK by Prudential Regulation Authority (PRA) and regulated by PRA & Financial Conduct Authority (FCA). Our financial service registration NO. is 204629 | A member of Financial Services Compensation Scheme | Government of India is major shareholder in the Bank.

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