This product is no longer available other than for existing loan linked accounts , and services are restricted as set out below.
Current Account
Current Deposits is ideal for firm, companies, institutions, individuals etc., who need frequent banking facility. This is one of the most basic and flexible deposit options
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Key Features
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Documents Required
- Easy to open and maintain. Minimum balance for maintaining the account is GBP 500 or USD 2,000 or Euro 2,000 based on the currency in which account is maintained
- Account can be opened in GBP, USD and Euro currencies
- Your deposits are guaranteed under FSCS
- Operations from any of our ten branches in UK
- Cheque deposit facility at all Natwest branches in UK
- Free cheque book facility
- Free Visa Classic debit card and add-on cards
- Facility to view account balance & transactions over Internet
- Facility to set-up Standing Instructions for remittance and transfer of funds
- Facility available to open joint accounts
- Facility available to mark mandate
- Free Statement of Account once a month
- Free Balance Certificate once a year
Resident Account
Identity Proof(Any of the following)
- Passport
- Full UK driving license with photograph
- Govt. Employees photo ID card
Address Proof(Any of the following)
- Utility bill viz. Gas, Electricity, Telephone
- (Land Line), Water Council Tax Notice/Bill Rental Agreement with Land Lord
- Latest UK Bank statement
(Not earlier than three months period)
Additional Document
- Proof of income, if requested
- R-85 declaration, if exemption is requested from UK tax on Interest income
- Telecommunication Mandate, if the instructions are to be accepted on the fax message
- Any other document as deemed necessary by the bank official
Non Resident Account
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As above all documents
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R-105 tax exemption form, if they claim exemption from tax on interest income
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