Bank of Baroda / ICICI

kiran21

Hi everyone

I was wondering if it's completely safe to invest money in the Bank of Baroda or ICICI Bank (staying under the £50 000 mark) eg if anything happens to the banks do they guarantee to keep my money safe?

Thanks

edinburgher

They're both UK subsidiaries (see the regularly update MSE guide), so you're safe up to the usual £50k.

Old_Slaphead

Something in yesterdays Tel...

http://www.telegraph.co.uk/finance/personalfinance/savings/7913775/Who-are-the-Bank-of-Baroda-Raphaels-Bank-and-Aldermore.html

3rd largest bank in India and been here since 1957.

edinburgher

been here since 1957.

Which is old in India?! This reminds me of Americans telling me about their 'old' houses when they mean less than a century

atypical

edinburgher wrote: »

Which is old in India?! This reminds me of Americans telling me about their 'old' houses when they mean less than a century

He meant they have been in the UK since 1957. The bank was founded in 1908.

rexel

i have savings with icici if you have a problem there call centre is very poor