BANK OF BAHRAIN AND KUWAIT B.S.C

PERSONAL BANKING
Service charges & Fees
Current Account
Savings Bank A/C
Term Deposits
Basic Banking -No frills A/C
Recurring Deposits
Savings Account Services
Consumer Loans
Housing Loan
Personal Finance

ANNOUNCEMENTS

BBK will be launching new digital initiatives soon for more convenient banking ….visit regularly here.

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. Our Branches will be open for limited services on working days with reduced staff and curtailed business hours (10 am -2 pm). 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”

Given the large scale disruptions caused by the COVID-19 virus pan-India and the regulatory measures announced thereof, Bank of Bahrain and Kuwait, India has decided to extend a 3 months moratorium on all Home and Consumer Loan EMI Installments falling due between 01Mar20 - 31May20. Pl.contact your branch/RM for further details, in case you do not wish to avail the moratorium and want to continue with the existing terms of repayment.

“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.15.11.2019.

*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



FEATURES :

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Anywhere Banking:
You can deposit cash, withdraw cash, deposit cheques, and issue 'at-par' cheques at any of our branches.

Instant Fund Transfer:
You can transfer funds instantly between our branches. Funds transfers can be effected through our Core Banking Software system (CBS)

Free Monthly Account Statement:
By courier / email at the Address recorded with us.

ATM card Facility:
For Sole Proprietorship accounts, Individual accounts ATM card is provided at free of cost. Access to wider network NPCI ATMs network.

Remittances Facility :
You can remit and receive funds to and from your vendors, customers across PAN India through RTGS and NEFT platform.

Local Cheque Deposit Facility:
Deposit cheques for local clearing - MICR Clearing.

Issue of Pay Orders and Demand Drafts:
Issue of Pay Orders and Demand Drafts at very competitive rates.

Inter Branch Cash Deposit/Withdrawal Facility:
Deposit/withdrawal of cash (conditions apply)

Outstation Cheque Collection:
Collection facility for all outstation cheques.

Nomination Facility:
Nomination facility is available for Individual and sole proprietorship accounts.

ACCOUNT OPENING & DOCUMENTATION :

Individuals:

Any one of the Following:-

  • Introduction by an existing customer of the Bank (whose account with BBK is satisfactorily operated for a minimum period of 6 months)
  • Introduction by an existing Banker (Please note that in this mode of introduction, the customer has to compulsorily visit the Branch & also deposit a self-drawn cheque from the same account)
  • 2 - passport size colour photographs of each authorised signatory
  • Passport (Wherein his address & signature match with the mailing address & signature on the Account Opening form)

OR

At least one document from each of the following 3 lists (A, B & C) :

List A : Identity Proof (Any One)

  • Passport
  • PAN Card
  • Voted ID Card
  • Employee ID Card
  • Defence / Govt ID Card
  • Driving Licence

List B : Signature Proof - Any One of the List A above or Self Drawn Cheque.

List C : Address Proof – Any one :

  • Passport
  • Voted ID Card
  • Electricity / Telephone / Mobile Bill
  • House Lease Agreement
  • Utility Bill – Gas Bill

Sole Proprietorship:

In addition to the Lists A, B,C any one of the following should accompany the account opening form in case of sole proprietorships (Any one of the List D)

List D:

  • Shop and Establishment Certificate / Municipal License.
  • Sales Tax Returns / Registration Certificate / Profession Tax Regn Certificate.
  • Existing Bank Account Statement with account opening amount cheque from the same account.
  • License to Carry on Business from Registered Authority E.G.: Chemists-FDA
  • Certificate of Practice Issued by Institute of Chartered Accountants of India / Institute of Cost Accountants of India / Company Secretary of India / Medical Council.
  • Chartered Accountant’s Certificate.

Partnerships:

  • A copy of the Partnership Deed.
  • Registration certificate if the firm is availing of any credit facility / Secured
  • Overdraft / Temporary Overdraft facility.
  • PAN Card / Form No. 60 of the firm.
  • Passport size Photograph of the authorized signatories.
  • Identity Proof of all the authorized signatories as per List-A above
  • Signature Proof of all the authorized signatories as per List-B above
  • Address Proof of all the authorized signatories as per List-C above
  • Mailing Address of the Concern to be submitted as per List-D above only if the
  • address is different from the one mentioned in the Partnership deed or from
  • that of any of the partners who is an authorized signatory.

Private and Public Limited Companies:

  • Memorandum & Articles of Association.
  • Certificate of Incorporation.
  • Certificate of Commencement of Business (For Public Ltd. Cos.)
  • Certified True Copy of The Board Resolution for opening the account specifically mentioning the mode of operation of the account with limits (if any), signed by at least 1/3rd of the Directors, subject to a minimum of 2 directors or The Company Secretary of the company.
  • PAN Card of the Company.
  • Names & Addresses of all the directors of the company on its letterhead, signed by at least 2 directors or The Company Secretary.
  • ROC Acknowledged copy of Form No. 32 for every director whose name does not appear in the AOA / MOA.
  • “No Objection Letter” from other Banks in case the Company avails credit facilities with them.
  • Passport size Photograph of all the authorized signatories.
  • Identity Proof documents of all the authorized signatories as per List-A.

For other types of accounts Trusts, Clubs, Associations etc., please contact our Customers Service Department.

Minimum Balance requirement INR 10,000/- on daily basis.

FEES & SERVICE CHARGES:

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