UKVI Approved Banks In India

Dr Mohammad Shafiq

UKVI Approved Banks In India 2024

UKVI Approved Banks In India 2024

UKVI or UK Visa and Immigration is a department of the UK Home Office responsible for managing visa applications for the United Kingdom. While applying for a UK visa from India, you must use an approved bank to make payments and prove your financial ability. Here in this write-up, we will take a closer look at the UKVI-approved banks in India. So, let’s get down to it.

UKVI Approved Banks in India

India, like every other country, has several banks approved by the UK Visa and Immigration. UKVI assesses and approves banks upon meeting financial stability requirements, including compliance with anti-money laundering regulations, specific service criteria, and adequate customer support.

If you are applying for a UK visa from India or any other country, you must use a UKVI-approved bank. It is because UKVI needs to be able to verify your financial documents, like your bank statements to ensure that they are authentic and that you have enough money to support yourself financially in the UK.

List of all UKVI approved banks in India

Following is the UKVI approved bank list in India:

  • Abu Dhabi Commercial Bank Ltd
  • Axis Bank Ltd
  • Bank of Baroda
  • Bank of India
  • Canara Bank
  • Catholic Syrian Bank Ltd
  • Citibank NA
  • Development Credit Bank Ltd
  • HDFC Bank Ltd
  • ICICI Bank Ltd
  • Indian Bank
  • Indian Overseas Bank
  • Indusland Bank Ltd
  • ING Vysya Bank Ltd
  • Karnataka Bank
  • Kotak Mahindra Bank Ltd
  • Lakshmi Vilas Bank
  • Oriental Bank of Commerce
  • Punjab National Bank
  • Standard Chartered Bank
  • State Bank of India
  • State Bank of Mysore
  • Syndicate Bank
  • State Bank of Patiala
  • State Bank of Hyderabad
  • SMI Commercial & International Bank
  • Sonali Bank
  • The Development Bank of Singapore Ltd
  • The Nainital Bank Ltd
  • The Sangli Bank Ltd
  • The South Indian Bank Ltd
  • United Bank of India
  • Union Bank of India
  • Vijaya Bank
  • Yes Bank Ltd

Criteria for Becoming a UKVI Approved Bank

Banks must fulfill several criteria to become approved by UKVI. They are as follows:

  • Financial stability requirements: Each bank must meet a certain level of financial stability requirements. For example, constantly has a minimum capital adequacy ratio of 12%.
  • Compliance with anti-money laundering regulations: Banks must comply with and follow all applicable anti-money laundering regulations without any exception.
  • Adequate customer support and service: The banks should have the capacity to provide adequate support and services to their clients. For example, providing bank statements when necessary.

Benefits of Using a UKVI Approved Bank 

Benefits of Using a UKVI Approved Bank                                     

Using a UKVI-approved bank while applying for a UK visa has many benefits. Not only does it fast-tract the process, but also ensures that you are complying with the visa requirements. It will increase your chances of getting a visa.

Here are some benefits of using a UKVI approved bank:

Assurance of Meeting Financial Requirements for Visa Applications

It is one of the main benefits of using a UKVI approved bank, and it works in two ways. Firstly, all the UKVI approved banks must fulfill some requirements to be eligible. Meeting certain financial stability and security standards is one of them. Meaning, with a UKVI-approved bank, you can rest assured that your money is secure and available whenever you need it.

Secondly, using such a bank will help you effectively demonstrate that you have the financial means to support yourself and your family while staying in the UK. The funds are available to you any time you want.

Streamlined Visa Application Process

Using a UKVI listed bank will streamline your visa application process, and you will get a visa timely. That is because, when you apply for a visa in the UK, the UKVI will look into your financial documents along with others. Now, if you submit your bank statement to an approved bank, they can easily verify the documents.

So, they won't have to investigate the financial documents further and can approve your visa as early as possible. But if you submit bank statements from non-approved banks, it can take forever, and your visa application can get rejected as well.

Enhanced Credibility and Trustworthiness

Credibility and trustworthiness are two of the major factors why the UKVI gives approval to banks that meet the qualifications so that they can trust the financial documents submitted by applicants. It means the credibility and trustworthiness of the applicant's financial documents from the approved bank will be much higher than otherwise.

This is because UKVI approved banks are considered reliable and reputed. Using a bank statement or any other financial document from the approved banks will enhance your credibility and trustworthiness as an applicant.

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How to Choose a UKVI Approved Bank

How to Choose a UKVI Approved Bank

There are a handful of UKVI approved banks in India. So, choosing one while applying for a UK visa can be challenging for many. However, there are several factors you can consider to make the best choice for you. Some of these factors include:

Consideration of Personal Banking Needs

The first step in choosing a UKVI approved bank is to consider your personal banking needs. Ask yourself what type of bank account you want and what the services you need are.

You should reflect on whether you need a bank that offers many services, such as savings accounts, checking accounts, and loans, or require a bank specifically designed for students or international students.

Based on the answers and your preferences- you can easily pick a bank most suitable for your needs.

Researching Bank Services and Fees

Available services and fees are a very crucial element in choosing a bank. Once you establish what type of bank you need, you must start researching the services and fees of different banks. It can include what services they offer, how much fees they charge, and the interest amount that they pay.

You must compare the services and fees of different banks to find out which suits best for you. It is also essential for you to compare the bank’s customer service rating, as it will give you a clear idea.

Evaluating Convenience and Accessibility

Now that you have shortlisted several banks based on the above factors, you can trim them further down by evaluating their convenience and accessibility. They can include factors such as the availability of branches and their accessibility.

You must also choose a bank that has multiple branches and ATMs. The location of these branches and ATMs is also crucial, as you would want to use a bank with a branch and ATM near your location. Other factors, like the availability of online and mobile banking and hours of operation, also should play a vital role in your decision-making.

Seeking Recommendations and Reviews

Finally, you can ask for recommendations and reviews of your shortlisted banks from your family, friends, banking professionals, or other people you trust. It will be an excellent way to get insights into different banks and their services. Based on the recommendations and reviews, you can finally choose the bank.

Additional Considerations

Additional Considerations

Updated List of UKVI Approved Banks in India

UKVI regularly reviews banks for approval. Every year, some new banks are approved, and some already approved banks can get rejected because of the eligibility criteria. Apart from the banks listed above as UKVI-approved banks in India, here is the UKVI list of approved banks that have gained approval in 2023:

  • Abu Dhabi Commercial Bank Ltd
  • Lord Krishna Bank Ltd
  • Mizuho Corporate Bank Ltd
  • Oman International Bank SAOG
  • Oriental Bank of Commerce
  • Punjab & Sind Bank
  • Punjab National Bank
  • Society General

Possible Changes in UKVI Regulations and Impact on Bank Selection

The UKVI changed its rules and regulations for approving banks to time to stay up-to-date. All banks have to comply with these regulations to maintain their approval. It is essential for you to stay updated about these regulations so that you can make sure the bank you are choosing meets the latest requirements.

You can take, for example, now you have to submit your bank statements on official stationery when applying for a UK visa. It means you can no longer submit online bank statements printed on plain paper.  So, from now on, while you choose a UKVI-approved bank, you have to ensure that your bank can provide bank statements on official stationery whenever you need them.

Tips for Smooth Financial Transactions with a UKVI Approved Bank

Here are some pro tips for smooth financial transactions with your UKVI-accepted banks in India:

  • Make sure to understand the terms and conditions of your bank, especially the fees, charges, and interest rates.
  • Always keep your bank account information updated, including your phone number, address, and email.
  • If you lose your debit or credit card, immediately inform your bank.
  • Regularly collect bank statements from your bank and keep them with you.
  • Never share your online banking passwords, and be careful about their security.
  • Do not hesitate to contact your bank for any queries or problems.


There is no shortage of UKVI approved banks in India; you can easily find one around you. But the main challenge lies in choosing the right bank. A UKVI approved bank is a must for a UK visa application; you should also look into your personal convenience. I'm sure, you will no longer face any issues in choosing the right Indian bank that is approved by UKVI.

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