Important Information About NET Banking
Cash Handling charges
A charge of £2 per thousand and part thereof is applicable if the funds being used for the Money Transfer were deposited in cash in the account through any branch of PNBIL or Natwest Bank.
Cut-of Time
Indian Rupee: 16.00 Nepali Rupee: 16.00
BACs/CHAPS: 15.00 SWIFT: 13.00
The transactions done after the cut-of time will take place the next working day with the exchange rate of the next day.
Transactions of all amounts on Sundays and Bank Holidays and Transactions above £5000 on Saturdays will be treated as after Cut-of Time.
Remitances
Remittances to NRE a/c’s of banks other than PNB may get delayed or not accepted by destination banks, In that case the funds will be handled as per your instructions.
Activation of Netbanking services
Please post the signed acknowledgement slip in the self addressed envelope provided by us. Remember to write your UserID on it; else the process of activation will be delayed.
Exchange Rate
Please refer to the home page or Currency exchange page. Home
For GBP to INR Money Transfer upto £5000 through NET Banking, You get extra 10 paise in Exchange rate.
On week days Exchange Rate for above £5000 will be decided by Bank at the time of transaction.
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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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