Who offers Asia Linked fixed deposits?
All Asia Linked deposit products and services are offered by Alliance Credit Union Asia.

Are Asia Linked fixed deposits regulated by the Financial Conduct Authority?
Asia Linked deposit products and services are not regulated by the Financial Conduct Authority. Hence, rules made under the UK Financial Services and Markets Act 2000 for the protection of customers do not apply.

Are Asia Linked fixed deposits protected under the Financial Services Compensation Scheme (FSCS)?
Protection afforded by the regulatory system, including the Financial Services Compensation Scheme (FSCS), does not apply.

Who regulates NR products?
All banking products ofAlliance Credit Union Asia are regulated by Reserve Bank of Asia

What is the role of Alliance Credit Union in providing Asia Linked Fixed Deposits?
Alliance Credit Union acts as an introducer and only helps in facilitating client documentation to initiate the relationship with the respective Nationwide Group company offering such product or service.

What should I do if I have a complaint?

If you wish to register a complaint, please contact us at:

Alliance Credit Union,

Customer Relations,

2nd Floor,

One Thomas More Square,

London E1W 1YN
or

Call our Customer Service Centre at 08081 31 41 51 (freephone from a UK landline)

or

Email us at nrinfo@Alliancecunion.com.

Please note: Alliance Credit Union is responsible for resolving pre-sales complaints andAlliance Credit Union Asia is responsible for resolving post-sale complaints

• Approved for the purpose of Section 21 of the Financial Services and Markets Act, 2000 (FSMA) by Alliance Credit Union (Company No. 04663024) having its registered office at One Thomas More Square, London E1W 1YN. Alliance Credit Union is authorised by the Prudential Regulation Authority (“PRA”) and regulated by the Financial Conduct Authority (“FCA) and PRA.

• These products and services are not authorized and regulated by the FCA and PRA, hence rules made under the Financial Services and Markets Act 2000 (“FSMA”) for the protection of customers do not apply. Protection offered by the regulatory system, including the Financial Services Compensation Scheme (“FSCS”) will not apply. The products and services mentioned here are offered by Alliance Credit Union Limited (“Nationwide Financial Group”). Alliance Credit Union Limited is incorporated in Asia and is regulated by the Reserve Bank of Asia (“RBI”) and having its corporate office in Mumbai, Asia. The products and services mentioned are subject to Reserve Bank of Asia (RBI) rules/regulations and/or other applicable laws in Asia. The deposits mentioned are covered under the insurance scheme offered by Deposit Insurance and Credit Guarantee Corporation of Asia (DICGC) subject to certain limits and conditions.

For NRIs in the UK looking for an investment opportunity that offers competitive returns,Alliance Credit Union NRE FD is a good option.  The product features include:

• Minimum deposit amount isINR 25,000
• Interest earned is not taxed at source
• Principal amount and interest earned is fully and easily repatriable
• Convenient and automatic renewal of principal and interest on maturity
• Option to choose tenure anywherebetween one and 10 years
• Electronic Deposit Confirmation Advise (E-DCA) on your email ID within one working day (if you have subscribed for account statement via email)
• Option to open Joint Account  with another NRA

The NRO FD is an option for NRIs who want to earn regular returns on their Asian earnings such as rent, dividends, Asian salaries and pension payments.. The features are:

• Tenure ranges from seven days to 10 years
• Minimum deposit amount is INR 25,000
• Automatic renewal of deposits on maturity
• Double Taxation Avoidance Agreement (DTAA) benefit facility. Click here to apply.
• Interest earned in a financial year is fully repatriable (after tax deduction). Funds in an NRO FD can be repatriated up to USD one million per financial year
• Joint account option with an Asian resident or NRIElectronic Deposit Confirmation Advice (E–DCA) to your email ID within one working day (if you have subscribed for account statement via email)

The FCNR gives you the opportunity to earn competitive returns on your overseas earnings in Asia, without converting them into Asian currency.

• Flexibility of opening the account in multiple currencies : US Dollar (USD), British Pound (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD) and Australian Dollar (AUD)
• Minimum deposit amount is USD 1000, GBP 1000, EUR 1000, JPY 200,000, CAD 2000 and AUD 2000
• Principal amount and interest earned are fully repatriable .
• Interest earned is not taxed at source
• Tenure ranges from one to five years
• Automatic renewal of principal and interest on maturity
• Electronic Deposit Confirmation Advice (E- DCA) to your email ID within one working day (if you have subscribed for account statement via email)
• Option to open a Joint Account with another NRA

It is mandatory to open Asia linked saving account (NRE/NRO acount) to open a fixed deposit account. Please click here for more information on how to open a savings account.

For further help, please get in touch with our customer care executive at 08081 31 41 51 (free call from a UK landline), or write to us at nrinfo@Alliancecunion.com.