Punjab National Bank (International) Limited savings rates — compare every account, plus switch offers and guides

Who they are

Punjab National Bank (International) Limited - known as PNBIL - is the wholly-owned UK subsidiary of Punjab National Bank (PNB), one of India's leading public sector banks, with over 180 million customers and a network of more than 10,000 branches across India. PNB itself is based in New Delhi and was first registered in May 1894.

PNBIL was incorporated in the UK on 13 April 2006 and received authorisation to conduct banking business on 13 April 2007 - Baisakhi Day, and exactly 116 years after PNB was first incorporated. It launched with two offices, one in London and one in Southall, and has since expanded to branches in Leicester, Birmingham, Ilford, Wembley, and Wolverhampton.

What they offer

PNBIL provides a range of retail banking products and services to individuals as well as proprietorships, partnerships, companies, trusts, and societies. On the personal side, this has included easy savings accounts, fixed deposit accounts, an international debit card, and internet banking. The bank is also known for its India connections - it facilitates NRE, NRO and FCNR accounts with PNB branches in India, with FCNR term deposits available in pound sterling, US dollars, and euros.

At the time of writing, DepositScout does not have any savings products listed for PNBIL. That does not necessarily mean the bank is not active - it may simply mean their rates are not currently being tracked here. Check the live listings on this page for the latest position.

FSCS protection

PNBIL holds its own UK banking licence - Punjab National Bank (International) Limited - and your eligible deposits are covered by the Financial Services Compensation Scheme (FSCS). The FSCS protects eligible deposits up to £120,000 per person, per banking licence - a limit that rose from £85,000 on 1 December 2025. PNBIL does not appear to share its licence with any other brand, so the full £120,000 limit applies solely to money held with PNBIL.

Is it right for you?

PNBIL is a relatively small but fully authorised UK bank with deep roots in the South Asian community and strong ties to one of India's largest public sector lenders. If you have banking needs that span the UK and India, or simply want a branch-based alternative to the mainstream high street, it is worth knowing they exist. For savings specifically, the picture here is limited right now - check the live rates shown on this page to see whether PNBIL currently has anything worth comparing.