Punjab National Bank (International) Limited..

Fixed Rate Deposit Account

Information about Interest Rates

Interest Rates for Baisakhi Bonanza FD Scheme

Year Interest Rates

1 Year 3.35%

2 Year 3.85%

3 Year 4.10%

Interest Rates for Amount below 100000 (in GBP, USD and Euro) valid w.e.f 01.12.2011 (% pa)

Duration GBP USD EUR

AER AER AER

1 Month to < 3 Months 0.75 NIL NIL

3 Months to < 6 Months 1.25 1.25 1.25

6 Month to < 1 Years 1.75 1.75 1.75
1 Year to < 18 Months 3.00 2.25 2.75
18 Months < 2 Years 3.25 2.25 2.75
2 Year to < 3 Years 3.50 2.75 3.00
3 Year to < 4 Years 4.00 3.00 3.25
4 Year to < 5 Years 4.25 3.25 3.25
5 Years 4.50 3.50 3.50
Additional Gross 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 to 2,500,000 0.25% 0.25% 0.25%

Types of Fixed Rate Deposit Account

There are Three Types of Fixed Rate Deposits Accounts-

Monthly Interest Earner Account - This Account offers Interest on a Monthly Basis at Discounted rate.

Annual Interest Earner Account - This Account Offers Interest Annually on Anniversary Date.

Reinvestment Plan - Interest is Given Only At Time of Maturity and Annually Compounded.

For deposits of amount above 2,500,000 Please contact any of our branch to obtain the applicable interest rate.

Availability of Interest Rates: Above Interest Rates on our Fixed Rate Deposit A/Cs are available only till the end of current calendar month. Amount received subsequently will be accepted only at the next month's prevailing rates displayed on this site. Please allow at least two days for cheque clearing.

Gross Interest will mean total interst payable in Account without any compounding effect before applying Basic Rate Tax

AER means Annual Equivalent Rate

Applicable Interest Rate: Interest Rate on fixed deposit would be one applicable and displayed on this website on the date of receipt of funds by Bank. In case of deposit by cheque, the fixed deposits would be made effective from third date of cheque being deposited before 3.00pm at the rate applicable on effective date.

Interest Calculation will be on annual basis and would be payable at the end of the term along with the principal amount of deposit, after deduction of application of Basic Rate Tax.

How to Open Fixed Rate Deposit

Requirement of an Operative Account: Fixed Deposit Account can be opened through an existing or new Operative Account, which will either be a Current Account or a Savings Account. Opening of Operative Account is a One Time activity for a customer and it does not guarantee above interest rates, unless the amount intended to be deposited is recieved by the Bank. Customers are advised to suitably indicate the type of Operative account in the Account Opening Form as per their requirement. Click for Account Opening Form

Opening a Fixed Deposit Account: This can be done by filing FD Open Request, along with the Account Opening Form or subsequently, i.e. everytime when customer wants to open a new Fixed Deposit.

How to remit Money: Customers are required to remit money into their Operative Account eiher through Inter-Bank transfers or cheques drawn in their own names. Cheque of the amount to be deposited can be sent along with the Account Opening Form and FD Open Form to save time. The details of the Operative Account will be sent to customer by way of a letter after its opening and the customers may use this information for transferring funds from other Banks. Customers may also call us to find the details of their Operative Account (Account Number and Sort Code) by calling at phone line 0207 7969600 after allowing two days' time of our receiving the Form.

Communications with Deposit Holders

Dispatch of Deposit Certificate Deposit Certificate and Information about Operative Account would be dispatched to customers within 7 days' time of opening of deposit.

No Internet Banking Service would be available for Fixed Deposit Rate Account holders.

Other Terms & Conditions

Withdrawal Before Maturity: Depositt can be permitted to be withdrawn at discretion of the Bank. There is no penalty for such withdrawal, but interest allowed would be at rate specified for the actual run period, applicable at the time of opening of Deposit.

Basic Rate Tax (BRT): We are obliged to deduct a Basic Rate Tax at the prevailing rate, presently 20%, on the interest paid by us in accounts maintained by the individual customers. Individual accountholder(s) not liable to pay tax depending upon their income level may provide us specified HMRC Form (R85 for residents and ordinarily resident persons and R105 for Not Ordinarily resident persons) so that the Gross Interest may be paid without deducting the Basic Rate tax.

How to Open an 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
- FD Opening Request

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
- Copy of recent (not older than 3 months) Bank statement or utility invoice (telephone, gas, electricity, water, council rates) with full name and address to provide proof of address
- A cheque of minimum amount of £100 signed by you (both/all in case of joint account) from your existing UK bank account. However, to facilitate early creation of deposit and start earning interest, cheque for full intended amount of deposit may be sent. Multiple cheques are accepted.
- Separate documents as noted above required for each applicant
- Account Opening Form
- FD Opening Request

- Please do not send the original documentsss except the Account Opening Form

Basic Rate Tax We are obliged to deduct a Basic Rate Tax at the prevailing rate, presently 20%, on the interest paid by us in accounts maintained by the individual customers. Customer(s) not liable to pay tax depending upon their income level may provide us specified HMRC Form (R85 for residents and ordinarily resident customers and R105 for Not Ordinarily resident customers) so that gross interest may be paid without deducting the Basic rate tax.

• 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

: Leicester :160 Belgrave Road, Leicester. LE4 5AU

: Birmingham : 290 Soho Road, Birmingham. B21 9LZ

: Ilford : 47 Cranbrook Road, Ilford. IG1 4PG

: Wembley : 188 Ealing Road, Wembley. HA0 4QD

: Wolverhampton : 502-504 Dudley Road, Wolverhampton. WV2 3AA

For kind attention of the customer, we are happy to inform the POS usage limit(i.e transaction through Internet banking and merchant) stands increased to Â£1000 per day and cash limit remains same as Â£250 per day. Attention : Please do not disclose your A/C / InterBanking User-id and Passwords / ATM /Debit Card /Personal Information to any of the source through Email/Internet. FOR LOST AND STOLEN DEBIT CARDS, PLEASE CONTACT 08448793206 CHARGES APPLY

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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Information about Interest Rates
	Interest Rates for Baisakhi Bonanza FD Scheme
	Year	Interest Rates
	1 Year	3.35%
	2 Year	3.85%
	3 Year	4.10%
	Interest Rates for Amount below 100000 (in GBP, USD and Euro) valid w.e.f 01.12.2011 (% pa)
	Duration	GBP	USD	EUR
		AER	AER	AER
	1 Month to < 3 Months	0.75	NIL	NIL
	3 Months to < 6 Months	1.25	1.25	1.25
	6 Month to < 1 Years	1.75	1.75	1.75
	1 Year to < 18 Months	3.00	2.25	2.75
	18 Months < 2 Years	3.25	2.25	2.75
	2 Year to < 3 Years	3.50	2.75	3.00
	3 Year to < 4 Years	4.00	3.00	3.25
	4 Year to < 5 Years	4.25	3.25	3.25
	5 Years	4.50	3.50	3.50
	Additional Gross 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 to 2,500,000	0.25%	0.25%	0.25%

	Types of Fixed Rate Deposit Account
	There are Three Types of Fixed Rate Deposits Accounts-
	Monthly Interest Earner Account - This Account offers Interest on a Monthly Basis at Discounted rate.
	Annual Interest Earner Account - This Account Offers Interest Annually on Anniversary Date.
	Reinvestment Plan - Interest is Given Only At Time of Maturity and Annually Compounded.
	For deposits of amount above 2,500,000 Please contact any of our branch to obtain the applicable interest rate.
	Availability of Interest Rates: Above Interest Rates on our Fixed Rate Deposit A/Cs are available only till the end of current calendar month. Amount received subsequently will be accepted only at the next month's prevailing rates displayed on this site. Please allow at least two days for cheque clearing.
	Gross Interest will mean total interst payable in Account without any compounding effect before applying Basic Rate Tax
	AER means Annual Equivalent Rate
	Applicable Interest Rate: Interest Rate on fixed deposit would be one applicable and displayed on this website on the date of receipt of funds by Bank. In case of deposit by cheque, the fixed deposits would be made effective from third date of cheque being deposited before 3.00pm at the rate applicable on effective date.
	Interest Calculation will be on annual basis and would be payable at the end of the term along with the principal amount of deposit, after deduction of application of Basic Rate Tax.
How to Open Fixed Rate Deposit
	Requirement of an Operative Account: Fixed Deposit Account can be opened through an existing or new Operative Account, which will either be a Current Account or a Savings Account. Opening of Operative Account is a One Time activity for a customer and it does not guarantee above interest rates, unless the amount intended to be deposited is recieved by the Bank. Customers are advised to suitably indicate the type of Operative account in the Account Opening Form as per their requirement. Click for Account Opening Form
	Opening a Fixed Deposit Account: This can be done by filing FD Open Request, along with the Account Opening Form or subsequently, i.e. everytime when customer wants to open a new Fixed Deposit.
	How to remit Money: Customers are required to remit money into their Operative Account eiher through Inter-Bank transfers or cheques drawn in their own names. Cheque of the amount to be deposited can be sent along with the Account Opening Form and FD Open Form to save time. The details of the Operative Account will be sent to customer by way of a letter after its opening and the customers may use this information for transferring funds from other Banks. Customers may also call us to find the details of their Operative Account (Account Number and Sort Code) by calling at phone line 0207 7969600 after allowing two days' time of our receiving the Form.
Communications with Deposit Holders
	Dispatch of Deposit Certificate Deposit Certificate and Information about Operative Account would be dispatched to customers within 7 days' time of opening of deposit.
	No Internet Banking Service would be available for Fixed Deposit Rate Account holders.
Other Terms & Conditions
	Withdrawal Before Maturity: Depositt can be permitted to be withdrawn at discretion of the Bank. There is no penalty for such withdrawal, but interest allowed would be at rate specified for the actual run period, applicable at the time of opening of Deposit.
	Basic Rate Tax (BRT): We are obliged to deduct a Basic Rate Tax at the prevailing rate, presently 20%, on the interest paid by us in accounts maintained by the individual customers. Individual accountholder(s) not liable to pay tax depending upon their income level may provide us specified HMRC Form (R85 for residents and ordinarily resident persons and R105 for Not Ordinarily resident persons) so that the Gross Interest may be paid without deducting the Basic Rate tax.
	*How to Open an Account ??*

Branches	:	London :GuildHall House,87 Gresham Street,London. EC2V 7NQ
	:	Southall :90 South Road, Southall. Middlesex. UB1 1RD
	:	Leicester :160 Belgrave Road, Leicester. LE4 5AU
	:	Birmingham : 290 Soho Road, Birmingham. B21 9LZ
	:	Ilford : 47 Cranbrook Road, Ilford. IG1 4PG
	:	Wembley : 188 Ealing Road, Wembley. HA0 4QD
	:	Wolverhampton : 502-504 Dudley Road, Wolverhampton. WV2 3AA