Punjab National Bank

Punjab National Bank has been operating in the UK since 2007. 

The UK bank is a subsidiary of the parent bank in India, which was founded in 1894. The parent bank also owns 51% of Bhutanese bank Druk PNB Bank, 20% of Nepalese bank Everest Bank, and 84% of JSC Bank in Kazakhstan. 

Its UK subsidiary is based in Moorgate, London and offers a range of financial products such as loans, savings, and current accounts. 

Punjab National Bank
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Bank accounts

Current accounts

Punjab National Bank

Personal Current Account

1 stars
Annual fee i £0.00
Maximum cash machine withdrawal per day i £250.00
Part of FSCS i
Cash withdrawal fee in UK (own bank) i £0.00
Card payment fee (£) i £0.00
App capability? i

Foreign use bank accounts

Punjab National Bank

Personal Current Account

1 stars
Foreign cash withdrawal fee i 1.5%
Foreign cash withdrawal additional charge i £0.00
Foreign purchases fee i 1.5%
Is there a limit on free cash withdrawals? i No free cash withdrawals

Children's Accounts

Children's Savings Accounts

Punjab National Bank

Savings Account

Account Type i Easy Access
Interest Rate (AER) i 0.75%
Minimum Opening Balance i £0.00
Maximum Balance i Unlimited
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i 0
Maximum Age i 0
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Punjab National Bank

Fixed Term Deposit Account

Account Type i 1 Month Bond
Interest Rate (AER) i 3%
Minimum Opening Balance i £1,000.00
Maximum Balance i £1,500,000.00
Notice Period i
Fixed Term Length i 1 Month Bond
Minimum Age to Open Account i 0
Maximum Age i 0
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i Must have a Punjab National Bank current or savings account.
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Savings Accounts

1 Year Fixed Rate Accounts

Punjab National Bank

Raisin UK - 1 Year Fixed Term Deposit

Interest Rate (AER) i 5%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact to you before the account matures. Without instruction, the money in the account will be paid into a variable rate account.
Part of FSCS i
Maximum Balance i £85,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty i

Punjab National Bank

Fixed Term Deposit Account

Interest Rate (AER) i 5%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £1,500,000.00
Minimum Age to Open Account i 0
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have a current or savings account with Punjab National Bank to make transactions
Can you make early withdrawals? i
Withdrawal Penalty i

2 Year Fixed Rate Accounts

Punjab National Bank

Fixed Term Deposit Account

Interest Rate (AER) i 4%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £1,500,000.00
Minimum Age to Open Account i 0
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have a current or savings account with Punjab National Bank to make transactions
Can you make early withdrawals? i
Withdrawal Penalty i

3 Year Fixed Rate Accounts

Punjab National Bank

Fixed Term Deposit Account

Interest Rate (AER) i 3.75%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £1,500,000.00
Minimum Age to Open Account i 0
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have a current or savings account with Punjab National Bank to make transactions
Can you make early withdrawals? i
Withdrawal Penalty (days) i

5 Year Fixed Rate Accounts

Punjab National Bank

Fixed Term Deposit Account

Interest Rate (AER) i 3.75%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Maximum Balance i £1,500,000.00
Minimum Age to Open Account i 0
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i Must have a current or savings account with Punjab National Bank to make transactions
Can you make early withdrawals? i
Withdrawal Penalty i

Easy Access Accounts

Punjab National Bank

Savings Account

Interest Rate (AER) i 0.75%
Minimum Opening Balance i £0.00
Maximum Balance i Unlimited
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 0
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Additional Information i

Savings Accounts (ISAs)

1 Year Fixed Rate ISAs

Punjab National Bank

Fixed Rate Cash ISA

Interest Rate (AER) i 5%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access requires 30 day notice and costs all interest earned
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

2 Year Fixed Rate ISAs

Punjab National Bank

Fixed Rate Cash ISA

Interest Rate (AER) i 4%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access requires 30 day notice and costs 1% of interest
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

3 Year Fixed Rate ISAs

Punjab National Bank

Fixed Rate Cash ISA

Interest Rate (AER) i 3.75%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access requires 30 day notice and costs 1% of interest
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

4 Year Fixed Rate ISAs

Punjab National Bank

Fixed Rate Cash ISA

Interest Rate (AER) i 3.75%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access requires 30 day notice and costs all interest earned
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

5 Year Fixed Rate ISAs

Punjab National Bank

Fixed Rate Cash ISA

Interest Rate (AER) i 3.75%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. The money will be transferred into a linked or nominated account unless you instruct them otherwise.
Part of FSCS i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access requires 30 day notice and costs all interest earned
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Easy Access ISAs

Punjab National Bank

Variable Rate Cash ISA

Interest Rate (AER) i 0.75%
Minimum Opening Balance i £1.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i