Punjab National Bank FSCS

Hi I am interested in having information about Punjab National Bank (International) Limited (PNBIL) as well as the information about FSCA as well as the process to check if the bank is a part of FSCS?

Punjab National Bank (International) Limited (PNBIL) was consolidated in UK on thirteenth April 2006 and enrolled with the Companies House in England and Wales under No. 5781326. PNBIL was approved by the Financial Services Authority (FSA) on thirteenth April 2007 (Baisakhi Day and precisely 116 years after PNB was consolidated) to lead Banking Business in UK under Registration No. 459701.

PNBIL is the completely claimed auxiliary of Punjab National Bank (PNB), India. PNB is the third biggest bank in India having more than 80 million clients and a system of more than 6690 branches. All these branches are associated on Core keeping money Solution and giving anyplace, whenever saving money benefit over the length and broadness of the nation. Today PNB gives tech - empowered managing an account benefits in India. PNBIL infers innovation and managing an account bolster from this awesome solid organization in India.

FSCS is there to secure your cash. It is the body which gives you programmed insurance up to £75,000 if your bank, building society on the other hand credit union leaves business.

PNBIL began managing an account operations in UK on tenth of May 2007 from two areas. At present the bank is having 7 branches all over England.

The services offered by us are outlined as under :

Remittances to India with free services to over 6690 branches of PNB in India
Current account
Business accounts for Proprietorships, Partnerships, Companies, Trusts, Societies, etc.
Easy saving account
NRI & FCNR account with PNB Branches in India in Pound Sterling, US Dollar and Euros
Enquiry facility on your accounts with PNB in India
Attractive Fixed Deposit Accounts.
International Debit Card
Internet Banking.
Cash ISA.


How to find out if your bank or building society is part of a larger banking group

Your bank or building society ought to give this data to you at any rate yearly on your printed proclamation or electronically.

There are three other ways to check:

1. Ask your bank or building society whether it exchanges under various brands with a solitary FRN or authorisation number.

2. Visit FSCS' site to check whether the bank then again constructing society brands you have cash with share a saving money authorisation and whether all your investment funds are secured:



3. Utilize the Financial Services Register at official site to look into your banks' and building social orders' FRN or authorisation numbers.



On the off chance that any numbers are the same, they share a managing an account authorisation so one breaking point applies.

Attached Files Available for Download

Financial Services Authority from Regulator's - Bank Licence.pdf (477.6 KB, 7 views)

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Answered By StudyChaCha Member