It is very
easy and convenient to have an account with us. The account
Opening application form can be downloaded from our website
and is also available at our NRI desks at Bahrain/Kuwait/Dubai/
Mumbai/Hyderabad. The completed form alongwith the support
documents as listed hereunder maybe submitted at any
of our counters.
The accounts
can be opened by remittances from abroad or by transfer of
funds from your existing NRE/FCNR accounts. It can
also be opened by tendering Foreign Currency or Travellers
cheque during the temporary visit to India.
»
FEATURES & BENEFITS :
- Free cheque
Book facility. Cheque book could be obtained from our
overseas NRI desks.
- Free ATM
Card for local usage when on vacation / visits to India.
- Withdrawals
and Balance Enquiry from ATMs of BANCS Network.
- Anywhere
Banking on CBS Platform - This facility entitles the account
holder to withdraw or deposit cash at Mumbai and Hyderabad.
- Standing instructions are accepted for regular local / overseas payment.
- Interest
rates on NRE Savings shall be at the rate applicable
to domestic savings deposits. Currently the interest rate
is 3.5%. (Principal / Interest Repatriable).
- Specific
Investments in Mutual funds, Equity, Insurance can be
made through this account without reference to Reserve
Bank of India. Refund/ Income/ dividend on such investments
can be credited back.
- Dedicated
overseas service centres for personalized services.
»
MINIMUM BALANCE* :
Type
of Account |
Balance |
Savings
Account |
Rs
1000/- |
»
NOMINATION :
-
Nomination facility available for bank deposits.
-
There can be only one Nominee for a deposit account
whether held singly or jointly.
-
The nomination details can be changed during the subsistence
of the account relationship by filling up the prescribed
form.
-
For more details Contact BBK Branches / overseas centres.
»
ELIGIBILITY & OPERATIONS :
The
following are eligible to open a Regular Savings account
- Non-Resident
Indians (sole or jointly with another Non-resident Indian).
- The account
can be operated by Resident Indians on basis of Power
of Attorney or Mandate for all types of local disbursements.
»
ACCOUNT OPERATION :
A minimum
deposit of Rs. 1,000/- is required to open an account and
thereafter an Average Amount of Rs 1000 to be maintained.
»
DOCUMENTATION :
Along with
the account opening form application, self attested copies
of following be forwarded to complete the formalities as
per the central bank ( viz Reserve Bank of India ) Know
your customer guidelines:
- PAN Card.
- Valid
Passport ( Copies of pages having the photograph. Siganature,
Address, Date of birth, Visa endorsement and place of
issue and expiry ).
- Original
Letter from Employer certifying the residential address
of applicant. Signature of the employee has to be attested
on the letter.
- Employee
Identity Card.
Note
: Mandatory to provide Permanent address and telephone number.
»
FEES & CHARGES FOR SAVING'S ACCOUNT : View
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