Introduction of Axis Bank UK

　　General Information & Regulation of Axis Bank UK

　　Axis Bank UK Ltd. is a wholly-owned subsidiary of AXIS BANK LTD., India's third-largest private sector bank, offering a range of financial services to customer segments covering Large and Mid-Corporates and Retail businesses. Axis Bank UK Ltd. is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority, license No.577452.

　　Main Businesses of Axis Bank UK

　　Axis Bank UK provides term deposits and loans to retail customers, loans and advances, trade finance and treasury services to companies; rupee deposits, NRI term deposits, home loans to non-residents of India (NRI). Terms deposits, NRI home loans, etc., for non-residents of India.

　　NRI services of Axis Bank UK

　　The NRI deposits and services are offered by Axis Bank Ltd，not offered by Axis Bank UK Limited instead. Axis Bank UK Limited only acts as a facilitator, but neither advises nor makes any recommendations to the customers for these products or services. Provisions made under the UK Financial Services and Market Act 2000, for the protection of consumers, do not apply to the NRI products and services, nor does the Financial Services Compensation Scheme. Low minimum balance requirement of Rs.10000.

　　Account Opening Issues of Axis Bank UK

　　Any UK resident/non-resident over 18 years of age can open an account with Axis Bank UK by completing the account opening form, providing proof of identity and address, and accessing the personal account within 3 working days of application. Clients can call Axis Bank UK customer service from Monday to Friday from 9:30 am to 5:00 pm for the account or transaction-related information.

　　Fees & Charges of Axis Bank UK

　　Axis Bank UK provides clear information on fees and charges, such as International payments including currency transfers in the UK (Swift Charges) is £25/€40/$50, and Amendment to payment instructions is £10/€15/$20. Direct Debit return charges are £10. For more details, please please check the Axis Bank UK website.

　　Trading Time of Axis Bank UK

　　The cut-off time for GBP cheque deposit is 2:30 pm, for AXIS UK internal transfer is 5:00 pm, for CHAPS system (same-day settlement system for GBP) is 1:00 pm, SWIFT at 1:00 pm (GBP & USD), 1:00 am (EUR), while for regular payment instructions (Standing order) cut-off time is 4:00 pm, and INR remittance cut-off time is 12:00 pm (Axis Bank).