About us

In this section:

About HiSAVE
About ICICI Bank UK PLC
About ICICI Bank Limited

About HiSAVE

HiSAVE is a range of high interest online savings accounts brought to you by ICICI Bank UK PLC.

The HiSAVE savings range offers

Straightforward savings accounts with no catches and no penalties
Consistently high interest rates
A secure online banking system providing savers 24/7 access to their savings

About ICICI Bank UK PLC

ICICI Bank UK PLC is a 100% owned subsidiary of ICICI Bank Limited, which looks after the financial needs of 25 million customers worldwide.

ICICI Bank UK PLC has been operating since 2003 and offers retail, corporate and investment banking services in the UK and Europe.

ICICI Bank UK PLC is:

Authorised and regulated by the Financial Services Authority (www.fsa.gov.uk)
Covered by the UK Financial Services Compensation Scheme (www.fscs.org.uk).

Important information about compensation arrangements – The Financial Services Compensation Scheme (FSCS) limit has increased from £50,000 to £85,000 with effect from December 31, 2010

The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.

In respect of deposits, an eligible depositor is entitled to claim up to £85,000. 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 £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank including their share of any joint account, and not to each separate account.

For further information about the scheme (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 020 7892 7300 or 0800 678 1100.
A subscriber to the Lending Code (www.lendingstandardsboard.org.uk/thecode.html) – a voluntary code that sets the standards for good banking practice.

Financial security is as important to us as it is to you. We have capital adequacy ratio (?) of 29.81% (as on 30 September, 2011).

Our current credit rating from Moody’s is Baa2.

ICICI Bank Limited has over 50 years financial experience and looks after the interests of more than 25 million customers in 19 different countries including India. It has total assets of US$ 91billion (as at September 30, 2011).

ICICI Bank Limited and its subsidiaries offer the following services: