Schedule of Charges valid from 1st January 2020

Part 1 applicable to –Individuals.

Part 2 applicable to – Business Accounts for sole traders, partnerships, limited liability partnerships,
companies and any other business enterprise, body or association.

PART 1 – Applicable to Individuals

Services
A. ACCOUNT SPECIFIC CHARGES
1. Non-maintenance charge (Minimum Quarterly Average Balance of £10/$10/€10
£250/$500/€500 to be maintained in Current Accounts only)

2. Issue of Cheque Book and Pay-in Book (for Current Accounts only) Free

3. Issue of one statement at agreed periodicity Free

4. Duplicate Account Statement or separate account statement • £5/$5/€5 per statement (up to 1 year)
requested by joint account holder • £10/$10/€10 per statement (more than
1 year)
5. Standing Orders/Direct Debit set up/cancellations Free

6. Internet Banking Services Free

7. Paying out from your account: Inward - Cheque/Direct £15 / $20 / €20
debit/Standing Instructions – returning/unpaid charges

8. Paying into your account: Outward Cheque deposited returned • £10

unpaid • $10/€10 + foreign bank charge

9. Stop payment of cheque

£10 per cheque

10. Interest rate on Unarranged overdrafts (in Current and Savings 12% per annum
Accounts)

11. Issuance of Banker’s Cheque/Pay Order £15/$20/€20

No issuance through cash. If through debit

card - £25/$40/€40

12. Banker's Cheque/Pay Order - Cancellation/Revalidation £10/$10/€10

13. Foreign Cheque collection charge (USD/Euro) £10 + foreign bank charge

14. Cash Withdrawals (at Branches) Free. For withdrawals more than £2000, 24
hours advance notice will be required.
1
Page

Punjab National Bank (International) Limited (PNBIL) is a UK incorporated banking subsidiary of Punjab National Bank, India (PNB). PNBIL is Authorized by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and Prudential Regulation 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 Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential
Regulation Authority. Your eligible deposits are protected by the Financial Services Compensation Scheme, the UK's deposit protection scheme. The FSCS protects most depositors,
including individuals and small companies upto £85,000. Eligible deposits of large companies and small local authorities are covered upto £85,000.
B. PAYMENTS
1. BACS Payments Free

2. CHAPS Payments £25 per payment

3. Faster Payments £3 per payment

4. International Payments (SWIFT) £25/$40/€50 per payment

5. Cancellation of International payments (SWIFT) £10/$25/€20 per payment

6. Copy of SWIFT/CHAPS transfer (receipt) Free

C. INDIAN RUPEE MONEY TRANSFER

1. Transfer to PNB India Bank Accounts (from Current and Savings Free
Accounts)

2. To other Bank Accounts in India (from Current and Savings 0.10% subject to minimum of £5/$10/€8 &
Accounts) maximum of £25/$50/€40

3. Cancellation of Payment £10/$25/€20 per payment

D. DEBIT CARDS
1. Issue of New Card Free

2. Issue of duplicate for lost/damage card £10

3. ATM Cash Withdrawal/POS/Online - GBP Transactions Free

4. ATM Cash Withdrawal/POS/Online Transactions - Other than GBP 1.5% of the transaction (min. £1 and max.
Transactions £3)

5. Cash withdrawal limit on Debit Card per day £250

6. Purchase limit on Debit Card per day £2,000

E. MISCELLANEOUS CHARGES
1. Bankers Reference (Status Enquiry) £25

2. Issuance of Balance Certificates £10/$10/€10

3. Issue of Interest Certificates Free. For duplicate a charge of £5/$5/€5 per

certificate.

4. Communication charges Postage: £10

Courier: £25

Fax: £5

F. NON-RESIDENT INDIAN SERVICES

2

1. Facilitating account opening and payment requests Free

Page

Punjab National Bank (International) Limited (PNBIL) is a UK incorporated banking subsidiary of Punjab National Bank, India (PNB). PNBIL is Authorized by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and Prudential Regulation 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 Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential
Regulation Authority. Your eligible deposits are protected by the Financial Services Compensation Scheme, the UK's deposit protection scheme. The FSCS protects most depositors,
including individuals and small companies upto £85,000. Eligible deposits of large companies and small local authorities are covered upto £85,000.
PART 2 – Applicable to Business Accounts for Sole traders, partnerships, limited liability
partnerships, companies and any other business enterprise, body or association.
Services
A. ACCOUNT SPECIFIC CHARGES
1. Non-maintenance charge for Quarterly Average Balance £25/$25/€25
(Minimum Quarterly Average Balance of £1000/$1500/€1500 to
be maintained in Current Accounts only)

2. Account maintenance charges £70/$100/€100 (Annual) - Waived when

there is a quarterly average balance of
£5,000/$5,000/€5,000 is maintained
throughout all 4 quarters.

3. Transaction Charges 50p for each credit and debit on all Current
and Overdraft Accounts levied on a
quarterly basis. (Up to 20 transactions free
per month if Quarterly Average balance of
£5,000/$5,000/€5000 is maintained.)

4. Issue of Cheque Book and Pay-in Book (for Current Accounts only) Free

5. Issue of one statement at agreed periodicity Free

6. Duplicate Account Statement or separate account statement • £5/$5/€5 per statement (up to 1 year)
requested by joint account holder
• £10/$10/€10 per statement (more than
1 year)

7. Standing Orders/Direct Debit set up/cancellations Free

8. Internet Banking Services Free

9. Paying out from your account: Inward - Cheque/Direct £15 / $20 / €20
debit/Standing Instructions – returning/unpaid charges

10. Paying in to your account: Outward Cheque deposited returned £10

unpaid
$10/€10 + foreign bank charge

11. Stop payment of cheque £10 per cheque

12. Interest rate on Unarranged overdrafts (in Business Current 12% per annum
Accounts)

13. Issuance of Banker’s Cheque/Pay Order £15/$20/€20

No issuance through cash. If through debit

card - £25/$40/€40

14. Banker's Cheque/Pay Order - Cancellation/Revalidation £10/$10/€10

15. Foreign Cheque collection charge (USD/Euro) £10 + foreign bank charge

16. Cash Withdrawals (at Branches) Free. For withdrawals greater than £5000,
24 hours advance notice will be required at
3

the concerned branch.

Page

Punjab National Bank (International) Limited (PNBIL) is a UK incorporated banking subsidiary of Punjab National Bank, India (PNB). PNBIL is Authorized by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and Prudential Regulation 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 Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential
Regulation Authority. Your eligible deposits are protected by the Financial Services Compensation Scheme, the UK's deposit protection scheme. The FSCS protects most depositors,
including individuals and small companies upto £85,000. Eligible deposits of large companies and small local authorities are covered upto £85,000.
 17. Cash Deposit Charge £3/$3/€3 per thousand and part thereof

B. PAYMENTS
1. BACS Payments Free

2. CHAPS Payments £25 per payment

3. Faster Payments
£5
• Up to £1000 £10
• Above £1000 to £15000 £15
• Above £15000

4. International Payments (SWIFT) £25/$40/€50 per payment

5. Cancellation of international payments (SWIFT) £10/$25/€20 per payment

6. Copy of SWIFT/CHAPS transfer (receipt) Free

C. INDIAN RUPEE MONEY TRANSFER

1. Transfer to PNB India Bank Accounts Free

2. To other Bank Accounts in India 0.10% subject to minimum of £5/$10/€8 &

maximum of £25/$50/€40

3. Cancellation of Payments £10/$25/€20 per payment

D. DEBIT CARDS
1. Issue of New Card Free

2. Issue of duplicate for lost/damage card £10

3. ATM Cash Withdrawal/POS/Online - GBP Transactions Free

4. ATM Cash Withdrawal/POS/Online Transactions - Other than GBP 1.5% of the transaction (min. £1 and max.
Transactions £3)

5. Cash withdrawal limit on Debit Card per day £250

6. Purchase limit on Debit Card per day £2,000

E. MISCELLANEOUS CHARGES
1. Bankers Reference (Status Enquiry) £25

2. Issuance of Balance Certificates £10/$10/€10

3. Issue of Interest Certificates Free. For duplicate a charge of £5/$5/€5 per

certificate.

4. Communication charges Postage: £10

Courier: £25
4

Fax: £5
Page

Punjab National Bank (International) Limited (PNBIL) is a UK incorporated banking subsidiary of Punjab National Bank, India (PNB). PNBIL is Authorized by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and Prudential Regulation 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 Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential
Regulation Authority. Your eligible deposits are protected by the Financial Services Compensation Scheme, the UK's deposit protection scheme. The FSCS protects most depositors,
including individuals and small companies upto £85,000. Eligible deposits of large companies and small local authorities are covered upto £85,000.
For Your Information
1. Cheque books are issued only in Current Accounts for both Individual and Business Accounts.

2. The charges mentioned above applies to normal transactions. Any other out of pocket expenses such as stamp
duties, telephone charges, correspondent's commission, etc., if any, will be payable additionally, on actual basis.

3. For any other service not listed herein, customers may ascertain the charges from PNBIL branches in advance.

4. The Bank reserves the right to amend the schedule of charges, however, a written notice will be provided for 2
months prior to any change to take effect.

5. If the Bank incurs any cost or expenses pertaining to the customer, the same will be passed on to the customer.

6. “£” is used for GBP, “€” is used for Euro and “$” is used for US$.

7. These schedule of charges form part of your terms and conditions that apply to your account.

8. In case of any discrepancy in the bank charges applied to your account, please bring it to the notice of the bank
immediately. See the next page for how to contact us.

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Page

Punjab National Bank (International) Limited (PNBIL) is a UK incorporated banking subsidiary of Punjab National Bank, India (PNB). PNBIL is Authorized by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and Prudential Regulation 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 Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential
Regulation Authority. Your eligible deposits are protected by the Financial Services Compensation Scheme, the UK's deposit protection scheme. The FSCS protects most depositors,
including individuals and small companies upto £85,000. Eligible deposits of large companies and small local authorities are covered upto £85,000.
How to Contact Us Some queries answered
➢ CALL US ➢ COMPLAINTS AND DISPUTES

+44 (0) 800 849 9229 (Monday to Friday If you are not satisfied with our products and
between 9:00 am to 5:00 pm except public services and would like to raise a complaint, you
holidays) can –
o Email-
➢ EMAIL [email protected]
o Call @ +44 (0) 800 849 9229
o Visit any of our Branches
o Post your complaint to your home
Branch or any other PNBIL Branch
➢ Visit one of our Branches We will send you an acknowledgment within 5
working days from the day we received your
complaint. A final response will be sent to you
https://www.pnbint.com/NewContact.aspx within 8 weeks and if you are not satisfied with
our response, you may be able to complaint to
the Financial Ombudsman Service. We can
➢ Lost and Stolen Cards provide details of how to contact the
Ombudsman.
Please Call us at +44(0)800 849 9229
(available 24/7)
➢ COMPENSATION ARRANGEMENTS
Let us know immediately if your Debit Card
is lost or stolen or you think someone else
may know your PIN. We are covered by the Financial Services
Compensation Scheme (FSCS). The FSCS can pay
Call charges will apply (please check with compensation to depositors if a bank is unable
your service provider). We may monitor to meet its financial obligations. Depositors
or record calls for quality, security and including most individuals and businesses – are
training purposes. covered by the scheme. The FSCS protects most
depositors, including individuals and small
companies upto £85,000. For further
information about the compensation provided
by the FSCS, refer to the FSCS website at
www.FSCS.org.uk.

6
Page

Punjab National Bank (International) Limited (PNBIL) is a UK incorporated banking subsidiary of Punjab National Bank, India (PNB). PNBIL is Authorized by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and Prudential Regulation 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 Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential
Regulation Authority. Your eligible deposits are protected by the Financial Services Compensation Scheme, the UK's deposit protection scheme. The FSCS protects most depositors,
including individuals and small companies upto £85,000. Eligible deposits of large companies and small local authorities are covered upto £85,000.