Punjab National Bank (International) Limited

Banking license: United Kingdom (AA)
Deposit amount: Min. £ 1,000.00 – Max. £ 120,000.00
Protection limit: Up to £ 120,000.00 payout in British Pound
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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. If an FSCS-protected bank fails or is unable to meet its financial obligations, the FSCS can provide compensation for eligible customer deposits up to a limit of £120,000 per person, per bank. The FSCS’ £120,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). Read our dedicated FAQ page to learn more about the FSCS.

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We are the UK savings marketplace for Raisin, one of Europe’s most successful technology-led financial services companies. We connect you with a range of banks and building societies offering deposit-protected savings accounts with competitive interest rates, making it easier for you to grow your money. Using our savings marketplace is simple. By registering for a Raisin UK Account, you'll only ever need to fill in one application form. Then you can browse, apply for and fund a range of savings accounts, and manage everything under one roof. No paperwork or endless passwords to remember - just a free, easy way to grow your savings.

All interest rates displayed are Annual Equivalent Rates (AER), unless otherwise explicitly indicated. The AER illustrates what the interest rate would be if interest was paid and compounded once a year. This allows individuals to compare more easily what return they can expect from their savings over time.

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