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BANK OF BAHRAIN AND KUWAIT B.S.C
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::: REMITTANCES >> Other Remittances
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Inward :

BBK arranges to receive and credit the remittances received to your account from anywhere in the world, fast. BBK has extensive correspondent banking relationships across the world and it provides you with the most efficient mechanism of crediting the proceeds to your account via SWIFT.

With our exclusive agreement with most reliable Exchange House, like Bahrain Exchange Company, National Exchange Company, A Aziz A Alzamil & Sons Co, BIIECO etc., we handle remittances from abroad from these exchange houses for further delivery to various centres across India with speed and accuracy on the transaction date via NEFT/RTGS.

You can receive credits like Dividend Pay Outs into your account through Electronic Clearing Services – a faster mode of credit than the conventional method of cheques/warrants etc.,

Outward :

BBK handles all your outward remittances abroad via SWIFT with finer exchange rates. BBK has wider network coverage across the globe with all Major Foreign Banks for remittances in different active currencies.

All your Rupee payments will be taken care of by multi-remittance channels through BBK


Terms and conditions for CAO/DDs :

  • Demand Drafts can be issued all over India through exclusive arrangement with Correspondent Banks.
  • For local payments, BBK issues Cashier Orders payable at Mumbai/Hyderabad.
  • Application for purchase of Demand Draft may be made by a duly filled in form signed by the applicant (with address) giving full particular of the Draft intended to be purchased.
  • Exchange shall be charged as per Bank's schedule of charges.
  • No bearer Draft will be issued.
  • The issue and payment of Banker’s cheques and drafts in cash across the counter is subject to Income Tax provisions and RBI guidelines against money laundering activities. Issue of these instruments of INR 50,000/- and above is not permitted against cash but only through debit to customer’s account or against cheques/other instruments tendered by the purchaser.
  • Drafts are required to have signatures of two authorised officials. Before taking delivery of the drafts, please verify that the draft is complete in all respects including signature of the official(s) along with their specimen signature numbers at the place provided for.
  • Banker’s cheques and drafts are valid for 3 and 6 months respectively and can be revalidated by issuing branches on written request of the purchasers. The drafts can be revalidated by the payee(s) if they are identified as the holder in due course. The drafts can be revalidated only once within one year from the date of issue. After one year of the draft, they are to be cancelled at the issuing branch, and a fresh draft obtained after paying the requisite service charges.
  • In respect of lost drafts, duplicate drafts shall be arranged subject to the conditions. Please contact our customer services department.

Tax Payments :

All your Tax Payments now have become hassle-free. BBK with its special arrangement with IDBI Bank Ltd., handles all your tax payments on-line. BBK provides the Cyber Tax Receipt Challan for your records. You do not need to be the BBK customer to avail this option.

Service Charges :

For various remittance facilities, please refer to tariff Service Charges - Remittances.

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