Mutual Funds
:
We offer you advice on the entire universe of mutual funds.
Whether you look for growth and capital appreciation or
capital preservation, our relationship managers will help
you in identifying the funds that suit your objective
and risk appetite through a scientific approach
Structured products :
Our Structured Product offerings are tailor-made to suit
your investment objective and risk appetite. Our services
include Portfolio Management Services and specially designed
products that are Equity or Index-linked in nature.
Life Insurance :
We have banc assurance partnerships with Aviva Life
Insurance. Aviva offer complete range of transparent,
flexible and value for money products that include whole
life (LifeLong), endowment (LifeSaver, SaveGuard, EasyLife
Plus, LifeSaver Plus, LifeSaver Super and a traditional
endowment – Dhan Vriddhi), child plan (Aviva Little
Master) single premium (LifeBond Plus), pension (PensionPlus),
term (LifeShield), fixed term protection cum savings plan
(Freedom LifePlan) and a short-pay recurring premium investment
cum protection plan (LifeBond5). Aviva offers modern
and contemporary products with unique customer
benefits like flexibility to choose cover levels, indexation,
partial withdrawals and unique investment options like
a Systematic Transfer Plan to get the benefit of systematic
investments and an Automatic Asset Allocation Plan which
changes the risk structure on your investments as your
age increases. With this comprehensive offering, we can
offer you products that suit your needs. Now you need
not worry about your family’s future or your expenses
post-retirement. With our assistance you can choose a
plan customized to your benefit. Your future is
secure with us.
General Insurance :
For Non-Life we have banc assurance partnership Reliance General
Insurance, a Subsidiary of Reliance Captial. Reliance
General Insurance offers a wide range of products for
corporate and individual customers. Reliance General,
the fastest growing private sector general insurance company
in India, offers an exhaustive range of insurance products
that covers most risks including Property, Marine, Casualty
and Liability. Reliance general also offers insurance for Health
, Personal , Accident, Fire, Engineering, Marine, Motor,
Liability and travel
Gold :
BBK enables you to buy “Pure Swiss Gold Coins" from
Reliance Money. Gold is one of the most precious metals
ever mined. Fought for over centuries, Gold has always
been a highly sought after commodity. Gold not only acts
as a secure investment, but is an efficient store of value
offering high security & credibility. An instrument
of long term investment, Gold acts as a hedge against
inflation besides providing high liquidity. Most Indians
share an emotional bond with Gold nearly bordering on
spirituality.
Available in 0.5g, 1g, 5gm and 8gm denominations, these
24 carat, 99.99% pure, internationally certified Gold
coins are available in tamper proof packaging. The overall
look and feel of these coins is far superior & they
possess a great finish
Equity
:
BBK has entered into an exclusive
agreement with Geojit for providing stock broking platform to its resident and NRI customers. This association will provide the
bank’s client base the opportunity to diversify
their holdings through investments in the Indian stock
market. Services offered include Portfolio Management,
Trading in Indian Equity Market, DEMAT account, Offline
Share Transactions and PAN Card.
Investment
Schemes for Non Resident Indians :
Bank of Bahrain & Kuwait has dedicated team of Investment Managers to handle the investment needs of NRI customers. BBK offers NRE, NRO savings and term deposits, accounts
Foreign currency accounts namely FCNR, RFC, etc.
Investments
on repatriation basis :
- Government
dated securities/treasury bills.
- Units
of domestic mutual funds.
- Bonds
issued by a public sector undertaking (PSU) in India.
- Non-convertible
debentures of a company incorporated in India.
- Shares
in Public Sector Enterprises being dis-invested by the
Government of India, provided the purchase is in accordance
with the terms and conditions stipulated in the notice
inviting bids.
- Shares
and convertible debentures of Indian companies under
FDI scheme (including automatic route & FIPB).
- Shares
and convertible debentures of Indian companies through
stock exchange under Portfolio Investment Scheme.
- Perpetual
debt instruments and debt capital instruments issued
by banks in India.
Investments
on non-repatriation basis :
-
Government
dated securities (other than bearer securities)/treasury
bills.
-
Units of domestic mutual funds.
-
Units of Money Market Mutual Funds in India.
-
Non-convertible debentures of a company incorporated
in India.
-
•
The capital of a firm or proprietary concern in India,
not engaged in any agricultural or plantation activity
or real estate business.
-
Deposits with a company registered under the Companies
Act, 1956 including NBFC registered with RBI, or a
body corporate created under an Act of Parliament
or State Legislature, a proprietorship concern or
a firm out of rupee funds which do not represent inward
remittances or transfer from NRE/FCNR(B) Accounts
into the NRO Account.
-
Commercial Paper issued by an Indian company.
-
Shares and convertible debentures of Indian companies
other than under Portfolio Investment Scheme.
Investment
in immovable Property :
-
An NRI can acquire immovable property in India other
than agricultural land/ plantation property or a farm
house out of repatriable and non-repatriable funds.
In respect of such investments NRIs are eligible to
repatriate sale proceeds of immovable property acquired
in India to the extent of repatriable funds used for
acquiring the property, up to two residential properties.
The balance will be repatriable through NRO Account
subject to conditions that :
Refund of (a) application / earnest money / purchase
consideration made by house-
building agencies/seller on account of non-allotment
of flats / plots and
(b) cancellation of booking/deals for purchase of
residential/commercial
properties, together with interest, net of taxes,
provided original payment is made
out of NRE/FCNR(B) account/inward remittances.
- Housing
Loan in rupees availed of by NRIs from ADs / Housing
Financial Institutions
can be repaid by the close relatives in India of the
borrower.