With effect from 24 June, 2019 the India branch of The Royal Bank of Scotland plc has received approval from the Reserve Bank of India to rename to NatWest Markets Plc

We will be communicating details of the change to you shortly.

Closure of zero balance accounts attached by regulatory or government agencies

As part of the process of Bank’s closing its banking business in India, the Bank will be closing all zero balance accounts which the bank was notified as being attached by certain regulatory or government agencies. Such closure notice has been sent to the last intimated address of the relevant regulatory/ government agency as per bank’s records.

Important Communication - GST

Government of India proposes to implement Goods & Services Tax (GST) from 1 July 2017. Consequently, the existing service tax rate of 15% shall be replaced by GST @18%.In case you have registered for GST, please provide details of your GST Identification Number (GSTIN) and registration details (along with self-certified copies) that should be linked to the account/s held with NatWest Markets.

Closure of Zero balance accounts

As part of its simplification strategy, effective 8th October 2017 the Bank will close all the accounts which have a zero balance or will become zero balance either on account of transfer of funds by customers to another account or on account of debit of applicable charges levied by the Bank from time to time.

Revision in Service Charges and Fees

The Schedule of Benefits/ Charges applicable to your account will be revised with effect from 1 October 2017. The account service charges will be revised from Rs 100 per month to Rs 500 per month. For further clarifications, please call our Bank by Phone or visit the NatWest Markets branch at Mumbai.