One of the most important requirements for obtaining a visa to enter the United Kingdom for any purpose (education, work, or permanent residence) is proof of sufficient funds to cover living expenses. Showing that you can support yourself financially without resorting to public assistance is a crucial criteria set by the UK Visa and Immigration (UKVI). This can be done by opening a bank account in India with approved financial institutions UKVI. The selection and use of such banks is critical to the success of your visa application; we’ll walk you through the steps below on UKVI Approved Banks in India.
Understating list of approved banks for UK visa in India
Banks in India that have been granted UKVI approval are those that have met the rigorous standards imposed by the UK Visas and Immigration Service. These financial institutions have shown that they can assist international students and other visa applicants with their financial needs in the United Kingdom. Choosing a bank on the UKVI’s list shows the UK government that you have a valid way to pay your stay in the country.
What should you remember while choosing UKVI-approved banks?
What should you remember while choosing UKVI-approved banks?
When selecting a UKVI-approved bank list in India, consider the following factors:
Recognition: Verify that the bank has been approved by UK Visas and Immigration. The UK government maintains a current list of licenced financial institutions online.
Documentation: To learn what documentation is needed to create a bank account for a visa, check the bank’s website or go to a branch. There may be a need to show identification, residency, and financial stability.
Services and Fees: Examine the costs, exchange rates, and other particulars of the bank’s overseas services. Pick a financial institution that provides you with simple, low-cost options for handling your international funds.
How to open and manage your account?
How to open and manage your account?
Once you’ve selected a UKVI-approved bank, follow these steps:
Visit the bank: Take your documentation of support to the local bank branch. The helpful bank staff will guide you step-by-step through opening an account.
Prove funds: Show that you can afford to visit the United Kingdom by submitting the required paperwork. This may require providing proof of financial stability, such as bank statements.
Currency conversion: You can keep track of your money in both Indian Rupees and British Pounds with the help of multi-currency accounts offered by some institutions.
Online banking: You may manage your accounts and conduct transactions conveniently from home with the help of the many online banking services provided by banks recognised by the UK Visas and Immigration (UKVI).
Maintain the required balance: Be sure to keep at least the minimum amount in your bank account to satisfy UKVI’s regulations.
UKVI approved bank list in India
UKVI approved bank list in India
UKVI’s updated list of approved banks for UK visas in India in 2024-
| Scheduled Commercial Banks -India | Kotak Mahindra Bank Limited |
| Abu Dhabi Commercial Bank Ltd | Karnataka Bank |
| American Express Bank Ltd | Karur Vysya Bank Limited |
| Arab Bangladesh Bank Limited | Lord Krishna Bank Ltd |
| Allahabad Bank | Mashreqbank psc |
| Andhra Bank | Mizuho Corporate Bank Ltd |
| Antwerp Diamond Bank NV | Oman International Bank S A O G |
| Axis Bank Ltd | Oriental Bank of Commerce |
| Bank International Indonesia | Punjab & Sind Bank |
| Bank of America NA | Punjab National Bank |
| Bank of Bahrain & Kuwait BSC | Societe General |
| Barclays Bank Plc | Sonali Bank Standard Chartered Bank |
| BNP PARIBAS | State Bank of Mauritius Ltd |
| Bank of Ceylon | SBI Commercial and International Bank Ltd |
| Bharat Overseas Bank Ltd | State Bank of Bikaner and Jaipur |
| Bank of Baroda | State Bank of Hyderabad |
| Bank of India | State Bank of India |
| Bank of Maharashtra | State Bank of Indore |
| Canara Bank | State Bank of Mysore |
| Central Bank of India | State Bank of Patiala |
| Calyon Bank | State Bank of Saurashtra |
| Citibank NA | State Bank of Travancore |
| Cho Hung Bank | Syndicate Bank |
| Chinatrust Commercial Bank Ltd | The Bank of Nova Scotia |
| Centurion Bank of Punjab Limited | The Bank of Tokyo-Mitsubishi, Ltd |
| City Union Bank Ltd | The Development Bank of Singapore Ltd (DBS Bank Ltd.) |
| Coastal Local Area Bank Ltd | The Hongkong & Shanghai Banking Corporation Ltd |
| Corporation Bank | Tamilnad Mercantile Bank Ltd |
| Catholic Syrian Bank Ltd | The Bank of Rajasthan Limited |
| Deutsche Bank AG | The Federal Bank Ltd |
| Development Credit Bank Ltd | The HDFC Bank Ltd |
| Dena Bank | The Jammu & Kashmir Bank Ltd |
| Dhanlaxmi Bank | The Nainital Bank Ltd |
| IndusInd Bank Limited | The Sangli Bank Ltd |
| ICICI Bank | The South Indian Bank Ltd |
| IDBI Bank Limited | The Ratnakar Bank Ltd |
| IDFC Bank Ltd | The Royal Bank of Scotland NV |
| Indian Bank | The Lakshmi Vilas Bank Ltd |
| Indian Overseas Bank | UCO Bank |
| Industrial Development Bank of India | Union Bank of India |
| ING Vysya Bank | United Bank of India |
| J P Morgan Chase Bank, National Association | Vijaya Bank |
| Krung Thai Bank Public Company Limited | Yes Bank |
An essential part of applying for a UK visa is choosing a bank in India that is recognised by the UK Visas and Immigration Service. You can show the UK Visas and immigration department that you are financially stable by selecting a bank that satisfies their standards.
Before applying for a visa to study in the UK from India, it’s important to learn as much as possible about the services, costs, and documentation requirements of the bank you plan to use. With the proper financial institution by your side, you may confidently set out for the United Kingdom
-FAQs
Which banks are approved for UKVI in India?
Major Indian banking companies like ICICI Bank, HDFC Bank, Axis Bank, and State Bank of India are now included on the updated list of approved banks for UK visa applications in India.
What are the UKVI-approved banks in India?
What are the UKVI-approved banks in India?
UKVI-approved banks in India are financial institutions that meet the specific criteria set by the UK Visa and Immigration (UKVI) for visa applicants. These banks are recognised by the UKVI as reliable options for demonstrating your financial ability to support yourself during your stay in the UK.
Why do I need to open an account with a UKVI-approved bank?
Why do I need to open an account with a UKVI-approved bank?
Opening an account with a UKVI-approved bank is essential to providing evidence of sufficient funds for your UK visa application. It demonstrates to the UK authorities that you have a legitimate source of funds to cover your expenses without relying on public funds.
Where can I find a list of UKVI-approved banks in India?
Where can I find a list of UKVI-approved banks in India?
The official UK government website provides an updated list of UKVI-approved banks in India. You can visit the website or consult your local UK visa application centre for the most accurate information.
Can I use any bank account for my UK visa application?
Can I use any bank account for my UK visa application?
To meet UKVI requirements, it’s recommended to use an account with a UKVI-approved bank.
What documents are required to open a bank account with a UKVI-approved bank?
What documents are required to open a bank account with a UKVI-approved bank?
The required documents can vary from bank to bank, but generally, you will need to provide proof of identity (passport, PAN card, etc.), proof of address, and evidence of funds. Check your chosen bank’s website or contact them directly for a comprehensive list of required documents.
How long does it take to open an account with a UKVI-approved bank?
How long does it take to open an account with a UKVI-approved bank?
The account opening process’s duration can vary depending on the bank and the completeness of your documentation. It’s recommended to start the process well in advance of your visa application to avoid any last-minute delays.
