Punjab National Bank (International) Limited

United KingdomUnited Kingdom(AA)

Deposit amount: Min. £1,000 – Max. £85,000

Protection limit: Up to £85,000 payout in GBP

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Rate
Duration
Deposit Guarantee
Product Type

Rate

4.60% AER

Duration

1 year

Deposit Guarantee

£85,000

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Product Type

Fixed Term
Fixed Term
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Bank Details

Punjab National Bank (International) Limited (PNBIL) is a UK-incorporated commercial bank offering a range of financial services to its customers. PNBIL is the wholly-owned subsidiary of Punjab National Bank (PNB), India. PNB is a leading public sector bank in India having more than 100 million customers and a network of over 6,900 branches. PNBIL was incorporated in the UK on 13th April 2006 and registered with the Companies House in England & Wales under NO. 5781326. PNBIL has been authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). It got authorisation on 13th April 2007 (Baisakhi Day, and exactly 116 years after PNB was incorporated) to conduct Banking Business in the UK under Registration No. 459701. Complete details of the authorization are available in the FCA register. PNBIL started its UK operations in May 2007 and presently operates through its seven branches, comprising four branches in Greater London (Moorgate, Southall, Ilford and Wembley) and three branches in the Midlands (Leicester, Birmingham and Wolverhampton). Its corporate office is located at Moorgate in the City of London.

Security & Deposit Protection

The FSCS is the United Kingdom's statutory deposit guarantee scheme that covers deposits in individual savings accounts up to £85,000, per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. It is available for deposits with most UK high-street and online banks and means if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to the £85,000 per person, per banking group limit. Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the £85,000 protection applies only to eligible deposits up to this limit.

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