BANK OF BAHRAIN AND KUWAIT B.S.C

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ANNOUNCEMENTS

Bank of Bahrain & Kuwait B.S.C is now registered with DICGC.

All the locker –Hirer are advised to execute the fresh locker agreement by contacting through their base branch on immediate basis as per the RBI revised instructions.

Dear Customer, as a valuable customer for our bank we welcome you to join the FX retail platform through the link https://www.fxretail.co.in/#/ for getting access to Forex dealing in USD/INR currency pair. In case of further queries, you can reach us on 022- 22-43349205/43349256/43349257 to Mr. B. Harikumar / Mr. S. Venkatachalam / Mr. Ankush Jain – Bank of Bahrain and Kuwait B.S.C"

“ATM/Debit card can be managed/blocked using mobile banking app “BBKonnect”- please download from App Store/ Play store.”

Dear Customer, Consequent upon spurt in COVID-19 cases across India and Government/local bodies actions, we request all our valued customers to use online banking for their regular banking transactions and also minimize use of cash as low as possible. Currency changing hands may also be carrying virus. For any help and details visit our website www.bbkindia.com . We assure our commitment to you and thank you for your co-operation in the current situation"

Reserve Bank of India(RBI) vide circular No DPSS.CO.RPPD.No 309/04.07.005/2020-21 dated Sepetember 25,2020 had announced introduction of Positive Pay System for CTS for all cheques value Rs 50000.00/- and above.

Dear Customer, As per Govt. guidelines and to ensure the health and safety of our customers,vendors and employees, all visitors to our branches are required to wear a face mask maintain social distancing. Entry will be allowed post screening for body temperature and status on the Aarogya Setu app. We request your co-operation in compliance of these guidelines.

An Appeal (Hindi-pdf) with reference to Pradhan Mantri Garib Kalyan Package, in the light of COVID-19.

“Dear Customer,Bank of Bahrain and Kuwait B.S.C. will never ask you to share sensitive information like OTP, CVV, passwords for moratorium on loan EMIs or any other payment. Beware of such fraudulent calls or emails. DO NOT share your OTP, User ID, Password, CVV, Expiry date etc with anyone. Stay safe and stay alert. To know more, visit www.bbkindia.com”

“Thank you for choosing to do business with BBK. Due to global COVID-19 pandemic, there is a great deal of uncertainty in the markets and in the current situation, BBK highlights the need for clients to carefully consider any new product and independently review risks at this highly sensitive and volatile time. We caution our clients to remain focused and vigilant in these times as the human, economic and financial impacts of this pandemic have already been huge, and it is not yet clear how quickly the situation will be brought under control and normal economic activity can resume.”

“As per RBI guidelines, National Electronic Fund Transfer (NEFT) is available 24 x 7 with effect from December 16, 2019.”

* TDS of 2% would be levied on cash withdrawals exceeding Rs 1 crore during a financial year. Click here for further details.

* Waiver / reduction of NEFT/RTGS charges with immediate effect Refer schedule of charges for details. Please click here for Revised service charges w.e.f.01.10.2022.

*Banking Facilities for Senior Citizens and Differently abled Persons.

* W.E.F 01.07.2017 Bank has been collecting GST @18% on applicable commission/service charges in lieu of service tax @15%.

* W.E.F 01.07.2017 GST on Forex conversions are being collected. Click here for rates.

* Please click here for current MCLR rates.

* Please click here for current interest rates on deposits.

* Details of Unclaimed Deposits. Please click here.

* FREE OF CHARGE unlimited usage of BBK ATM cards in other Banks’ ATMs.BBK ATM cards can be used in all ATMs of NPCI member Banks network. Click here for details.

*Safe Deposit Lockers facility available at our Hyderabad, Aluva & New Delhi branches. Please contact branch for details.

* Interest on all types of Savings Deposit shall be credited at quarterly intervals on the last working day of March, June, September and December.

* As per Income Tax rules, applicable TDS on deposit account is deductible on accrued interest. TDS so deducted is non-refundable.

* Customers are advised to register their mandates for payment before maturity on joint deposits held on "Either or Survivor" or "Former or Survivor" basis.

* Customers are advised to issue CTS compliant cheques only.

* BBK presently does not have any 3rd Party Agents/DSAs. The marketing & processing of all products are done through its branches, by the bank staff.

* Rupee Floating Loans/ Credit limits shall now be priced at MCLR effective 01/04/2016"click here for details

E-BANKING LOGIN

Sl No.	Nature of Transcation	Chgs for Non-Individual(Rs)(w.e.f.:1st July 2012)	Chgs for Individual(Rs)(w.e.f.:1st July 2012)
Issuance of Certificates :
A.1	Foreign Inward Remittance Certificates	Rs.100/-	Rs.50/-
A.2	Credit Information Report	Rs.500/-	-
A.3	Solvency Certificate Next upto 25 Lakh Next upto 25 Lakh Next upto 1.00 Crore Above 1.00 Crore	As per approval from resp. dept	As per approval from resp. dept.
A.4	Bank certificate of Exports & Realisation	Rs.100/- per invoice per issue	-
B) Verifications / Certifications :
B.1	Third Party Test Verification	Rs.2500/- Flat	-
B.2	Attestation of Signatures (wherever specified same charges shall apply)	Rs.500/-	Rs.100/-
B.3	Sanctions for ODI / Foreign Investments in India or Sanction for FDI/ Foreign Inward Investment. Where approval is arranged by BBK, AD Bank from RBI	Rs.10,000/- per approval	-
C) SWIFT Charges :
C.1	Full Operative Letter of Credit	Rs.750/-	-
C.2	Amendments – per message	Rs.750/-	-
C.3	Remittances / Funds Transfer	Rs.750/-	-
C.4	Other Miscellaneous Messages (enquiry, Fate of the Bill)	Rs.750/-	-
D) Export Letter of Credit :
D.1	Advising of Letter of Credit	Rs.1500/-	-
D.2	Advising amendment to Letters of Credit	Rs.750/-	-
D.3	Adding confirmation to Letter to Credit (Commitment charges + usance Charges)	Case to case basis, pricing fixed considering bank and country risk	-
D.4	Transfer of Letter of Credit	Rs.2500/- for every second beneficiary (Transferee)	-
D.5	Signature verification/ LC authenticity chares	Rs.500/-	-
E) Forward Contracts :
E.1	Booking of sale and purchase contracts	Rs.1000/-	Rs.1000/-
E.2	Cancellation of Forward Contracts	Rs.1000/- + SWAP Cost	Rs.1000/- + SWAP Cost

F) Trade Credit:
F.1	Trade Credit Approval Charges	Nil (Overall pricing agreed with customer covers all)	-
F.2	Buyers Credit LoU Issue Processing Charges	Case to Case basis, as agreed with customers.	-
F.3	Fixed Out of Pocket expenses for LoU	Rs.1000/-	-

G) Import Letters of Credit :
1. Opening of L/Cs :
G.1.a	Commitment Charge	0.15% per quarter (Actual number of days divided by 90 days) or part thereof (From date of the LC opening till the period available to beneficiary to present the document)	-
G.1.b	For Sight Bill: 10 days For usance Bill: Actual usance period allowed in LC Charges: First quarter (90 days) shall be charged at 0.30% and for any additional period 0.075% for a month (30 days) or part thereof	Rs.500/-	-
G.1.c	For any amount LC, charges are as above or minimum Rs.1000/-	Rs.1000/-	-

G.2. Amendments to LCs :
G.2.a	Extension of validity of LC within 3 months period (for which commitment charge has been collected)	Text amendment Rs.500/- + commitment charges	-
G.2.b	Where extension of validity of credit beyond 3 months (for which commitment charges has been collected upto 3 months)	Rs.500/-	-
G.2.c	Enhancement in L/C Value	Commitment charges as above	-

H) Inland letters of Credit :
H.1. Opening of LCs :
H.1.a	Commitment Charges for each period of 3 months	0.20% - Min. Rs.500/-	-
H.1.b	Usance Charges: - At sight & upto 10 days usance	0.2%	-
H.1.c	Usance Charges – Over 10 days and upto 3 Months	0.4%	-
H.1.d	Usance Charges – Over 3 months for each month or part thereof over the last 3 months	0.40% for first 3 months, plus 0.20% per quarter in excess of 3 months.	-

H.2. Amendments to the Inland LCs :
H.2.a	General Amendments – per each message	Rs.500/-	-
H.2.b	Extension of validity of LC within 3 months period (for which commitment charge has been collected)	Rs.500/-	-
H.2.c	Where extension of validity of credit beyond 3 months (for which commitment charges has been collected up to 3 months	Addition 0.20% per quarter	-
H.2.d	Enhancement in L/C Value	Commitment charges as above	-
I) Guarantees (Inland / Foreign) :
I.1	Performance	2% p.a. – Min. Rs. 1,000/-	-
I.2	Others (Financial Guarantee)	3% p.a. – Min. Rs. 1,000/-	-
I.3	Cancellation of BG – Refund Rules	50% pro-rata basis for unexpired period	-
I.4	Shipping Guarantee/ Delivery Order for release of goods against Import where import bill is yet to receive	Rs.1000/-	-
I.5	Export Performance Guarantees for project Exports which includes a) Bid bonds b)Bonds for earnest money c) guarantees for advance payment made by foreign buyers to Indian Exporters / Contractors. Overseas overdraft Guarantee for project Export. Export Performance Guarantee other than project Exports.	As per sanctioned terms and conditions	-
I.6	All guarantees with 100% cash margin	Half of the Normal commission applicable to Financial or performance guarantee	-

J) Locker Rent (Locker facility at Hyderabad branch) :
	Size & Locker Dimension	Rent (p.a.)	Handling Charges
	1.Locker Rent type: 'A'	Rs.1600/-	Rs.100/-
	2.Locker Rent type: 'B'	Rs.2200/-	Rs.100/-
	3.Locker Rent type: 'C'	Rs.3000/-	Rs.450/-
	4.Locker Rent type: 'F'	Rs.5500/-	Rs.650/-
	5.Locker Rent type: 'H'	Rs.8500/-	Rs.650/-
	6. Locker Rent type: 'H1'	Rs.3900/-	Rs.650/-
	Late payment penalty	Rs.500/- per quarter or part thereof	Rs.500/- per quarter or part thereof

* Bank of Bahrain & Kuwait B.S.C is now registered with DICGC * “As per RBI guidelines, National Electronic Fund Transfer (NEFT) is available 24 x 7 with effect from December 16, 2019.” * Dear Customers,Effective 27th Mar 2018 our Hyderabad Branch will function from the Bank's own spacious premises at :Ground Floor, 6-3-252/1/3 & 6-3-252/1/3/A, ERRAMANZIL, HYDERABAD - 500 082.Contact nos remain same.