Introduction to Axis Bank UK

Axis Bank UK Ltd. offers a range of financial services to customer segments covering Large and Mid-Corporates and Retail businesses. Axis Bank UK Ltd. is a wholly owned subsidiary of AXIS BANK LTD., India's third largest private sector bank.

Axis Bank UK Ltd. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. The Bank is subject to the laws of England and Wales.

Financial Service Compensation Scheme

We are covered by the Financial Services Compensation Scheme (FSCS). 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.

*The deposit limit for bank accounts will be £85,000, and £170,000 for joint accounts. This figure is the sterling equivalent of €100,000 as required by the recast Deposit Guarantee Schemes Directive.

For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please call our branch, refer to the FSCS website or call the FSCS on 020 7741 4100 . Please note only compensation related queries should be directed to the FSCS.

Capital Structure

The Bank has a total capital of USD 80.00 million, constituting tier 1 capital of USD 55 million and tier 2 capital of USD 25 million.