This communication is issued by Real Transfer Limited (RTL) dba Aspora, a payment institution authorised and regulated by the Financial Conduct Authority (FCA) for money remittance only. RTL does not accept deposits in the United Kingdom and is not authorised by the Prudential Regulation Authority (PRA) to do so.

Deposit-taking institution: Shivalik Small Finance Bank. Bank’s country of incorporation: India. Principal place of business: 501, Salcon Aurum, Jasola District Centre, New Delhi, Delhi, 110025, India.Regulatory status: Authorised and regulated in India by the Reserve Bank of India (RBI) in respect of its deposit-taking business.

The Bank is not authorised or regulated by the FCA or the PRA in the United Kingdom. Deposit guarantee/dispute resolution: Deposits placed with the Bank are protected, if eligible, by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to a maximum of ₹5 lakh per depositor. UK Financial Services Compensation Scheme (FSCS) protection does not apply. The UK Financial Ombudsman Service also does not have jurisdiction. Any dispute will be handled under Indian law in accordance with the Bank’s complaints procedures or other RBI-approved dispute resolution mechanisms.

Key risks: (1) Exchange rate fluctuations may affect the value of deposits and any interest thereon when converted into pounds sterling. (2) Indian tax, regulatory and reporting requirements may differ from those in the UK and could affect returns. (3) Your deposit will be subject to Indian law and regulation, which may offer different levels of consumer protection from those available in the UK.

RTL acts solely as an introducer and receives a referral fee from the Bank. You are encouraged to seek independent advice if you have any doubts about the suitability of the Bank for your circumstances.

For queries, please email us at help@aspora.com.