Fixed Deposit Account

Basic Interest Rates for Amount below 100000 (in GBP, USD and Euro) with effect from 1st February 2010
Duration GBP USD Euro
Feedback / Seek Assistance
One Month to < 3 Months 1.25% 0.75% 1.25%
3 Months & above up to < 6 Months 1.75% 1.50% 1.75%
6 Months & above up to < 1 Year 2.25% 1.75% 2.25%
1 Year & above up to < 2 Years 3.50% 2.75% 2.75%
2 Year & above up to < 3 Years 4.00% 3.25% 3.00%
3 Year & above up to < 5 Years 4.25% 3.50% 3.25%
5 Year 4.50% 4.00% 3.50%
Additional Interest (For 6 months and above only)
For amount from 100,000 to less than 1,000,000 0.10% 0.10% 0.10%
For amount 1,000,000 and above 0.25% 0.25% 0.25%
Fixed Deposit Account can be opened through an existing or new Current or Saving Account

Steps for Opening an Account with us.

In case you come to the branch to open your account
Please bring with you the following documents
- Original current signed passport or photo-card full UK driving licence to provide proof of ID
- Recent (not older than 3 months) original Bank statement or utility invoice (telephone, gas, electricity, water, council rates) with full name and address to provide proof of address
- Separate documents as noted above required for each applicant
- Account Opening Form

In case you send the documents by post to open your account
Please send the following documents
- Copy of the current signed passport or photo-card full UK driving licence to provide proof of ID (please do not send the original documents)
- Recent (not older than 3 months) original Bank statement or utility invoice (telephone, gas, electricity, water, council rates) with full name and address to provide proof of address (These would be returned after verification)
- A cheque of minimum amount of £1 from your existing UK bank account
- Separate documents as noted above required for each applicant
- Account Opening Form

• You may also give us a cheque in your favour to create an opening balance in your account
• The account will be opened as soon as all the formalities are completed and a welcome letter will be mailed to your mailing address providing all the necessary information to operate the account along with our schedule of terms and conditions.

Submit by post or in person the required items to any of our offices at
Branches : London :GuildHall House, 87 Gresham Street,London EC2V 7NQ.
: Southall :90 South Road, Southall,Middlesex UB1 1RD, UK.
: Leicester :160 Belgrave Road, Leicester, LE4 5AU, UK.

PNBIL is a UK incorporated banking subsidiary of Punjab National Bank, India (PNB). PNBIL is Authorized and Regulated by the Financial Services Authority. PNBIL is a member of the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS). PNBIL is authorised for accepting deposits by the Financial Services Authority (FSA).
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