BANK OF BAHRAIN AND KUWAIT B.S.C

CORPORATE BANKING
Current Accounts Services
Working Capital Facilities
Long Term Finance / Term Loans
Trade Finances
International Banking
Treasury Products

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



International Banking - Correspondent Banking

BBK is the forefront receiver and communicator with existing and potential correspondent banks. BBK acts as a focal point for all communications between correspondent banks and various end-users of services in the bank. It creates synergy between the correspondent banks and different user, in order to facilitate our client’s business transactions. It also offers Vostro services to international banks and Exchange houses, as well as provides instant cash transfers worldwide, through various affiliations and correspondent relations, in major 4 currencies/ locations.

Our products suit your banking requirements by virtue of being one of the best banking relationship networks both in terms of strength and spread among the GCC financial entities.

Our branches are capable of providing the services that an international correspondent Bank can offer. All the branches of the Bank are well equipped to handle the business of Correspondent Banking.

The overseas presence of the Bank is further supported by a large number of correspondent Banks which gives BBK access to every corner of the Globe.

The main services provided are :

  • Collection of bills both Documentary and Clean.
  • Advising / confirming of L/Cs opened by Indian Banks.
  • Discounting of Bills drawn under L/Cs as well as outside L/Cs.
  • Maintenance of foreign currency accounts (Nostro in US$, Euro, GBP , JPY respectively) for settlement of transactions.
  • Making foreign currency payments/ remittance on behalf of customers.
  • Arranging External Commercial Borrowing (ECB).
  • Arranging and participating in International Loan syndication backed by export credit agencies.
  • Foreign currency loans under the FCNR(B) scheme.

BBK offers the correspondent banking services at very competitive charges.

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