BANK OF BAHRAIN AND KUWAIT B.S.C

NRI
Outward Remittances
Facilities for Returning Indians
Investment Schemes for NRI's
Tax Benefits for NRI's
Opening of NRI Account
Deposit accounts NRE / NRO
Foreign currency deposits FCNR
Portfolio Investment Scheme
NRE Term Deposits
NRO Term Deposits
RFC a/c

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



NRE Saving Bank Account

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 / Aluva & New Delhi. The completed form along with 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 also 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 NPCI Network.
  • Anywhere Banking on CBS Platform - This facility entitles the account holder to withdraw or deposit cash at Mumbai, Hyderabad & Aluva.
  • Standing instructions are accepted for regular local / overseas payment.
  • 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 Average Balance per Quarter
Savings Account Rs 5000/-
  • For new NRE/NRO accounts, this requirement will start after 2 calendar quarters.
  • Total relationship (including the linked accounts) with the Bank will be considered for this requirement.
  • Minimum balance requirement is not there, if the customer maintains a Term Deposit of minimum Rs. 100,000.

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 centers.

ELIGIBILITY & OPERATIONS:

The following are eligible to open a NRE Savings account

  • NRIs can open accounts in their name singly.
  • NRIs can open accounts jointly with another NRI.
  • NRIs can open accounts jointly with Resident Close Relative; in such an event the operation will be on "Former or Survivor? basis; Resident Joint account holder can operate the account on the basis of Power of Attorney or Mandate for all types of local disbursements and for remittance to the account holder abroad.

ACCOUNT OPERATION :

A minimum deposit of Rs. 1,000/- is required to open an account and thereafter an Average Amount of Rs 5000 per Quarter 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. Signature, 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.
  • National Identity Card.

Note : Mandatory to provide Permanent address and telephone number.

FEES & CHARGES FOR SAVING ACCOUNT :

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