NRI Banking, Barclays India offers to you the Dual Account Proposition for students, employees and settlers in the UK. This would facilitate you to open two accounts - one in the UK and one in India simultaneously and you can transact right away. Your account in the UK will be with Barclays Bank PLC, UK (Barclays UK) and your account in India will be with Barclays Bank PLC, India (Barclays India).
The Dual Account Proposition offers you variants to suit your needs and even meet the financial requirements of your family. Please go through the information and contact us, so that our Relationship Manager can meet you at a convenient time and location to sign you up for our Dual Account Proposition.
Disclaimer:
Under the Barclays NRI Dual Account proposition, eligible persons going to UK, may open an NRI savings account with Barclays Bank PLC, India (Barclays India) and another account with Barclays Bank PLC UK (Barclays UK). Barclays India will facilitate opening of account with Barclays UK. All accounts are subject to applicable FEMA regulations and are subject to terms and conditions. Accounts maintained with Barclays UK and Barclays India shall be governed by rules and regulations applicable in UK and India respectively. The products & services offered are at the sole discretion of the bank and it may withdraw or limit any of such offerings/ facilitation without any prior notice.
Terms & Conditions
# For inward remittances Foreign Exchange conversion charges of INR 100 plus applicable Service tax will be levied. For more details visit our website www.barclays.in
*Purchases and cash withdrawals overseas are converted into sterling at the exchange rate based on market or government set rates on the date the amount is debited to your account. A 2.75% charge for Barclays handling costs and any VISA processing fees is included in the sterling conversion shown on your statement and applies to all foreign transactions. There is an additional 2% transaction charge (min £1.50 max £4.50) if you withdraw cash overseas via a cash machine or in a bank, except Barclays cash machines or those within the Global Alliances as listed below. If you use a cash machine outside the Global Alliance, you may also incur an additional service charge on top. There is a 2% transaction charge (min £1.50 max £4.50) if you use your card in the UK to obtain sterling anywhere other than a cash machine or Barclays branch, and currency or travellers’ cheques anywhere other than a Barclays branch or Barclays website or via Barclays Travel Line.
**Commission on travellers’ cheque is free except on sterling travellers’ cheques, where it is 1.5% (minimum £1.50).
Barclays Dual Account Proposition is governed by The Reserve Bank of India and laws of India and is not regulated by the Financial Services Authority. Protections afforded by the UK regulatory system, including the Financial Services Compensation Scheme, will not apply. Accounts are subject to status and eligibility criteria.
Barclays Bank PLC. Registered in England (No. 1026167) and in India (as a scheduled commercial bank under the Banking Regulation Act of India, 1949). UK Registered Office: 1 Churchill Place, London E14 5HP. India Principal Office: Ceejay House, Dr. Annie Besant Road, Worli, Mumbai - 400 018. In the UK, Barclays Bank PLC is authorised and regulated by the Financial Services Authority.
These terms and conditions are in addition to the NRE Account T&Cs and not in derogation thereof.
