Investment Schemes for NRI

  • Other than the Bank accounts NRE, NRO savings and term deposits, Foreign currency accounts viz FCNR, RFC, etc, following facilities are also available to NRIs and PIO and Bank of Bahrain has a full fledged dedicated team to handle the investments on behalf of the NRIs.

Returning NRIs/ PIO

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

  • NRIs may 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.

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

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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.

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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"

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

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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"

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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.

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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.

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

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“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”

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“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.”

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

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

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* 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.

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*Banking Facilities for Senior Citizens and Differently abled Persons.

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

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

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* Please click here for current MCLR rates.

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* Please click here for current interest rates on deposits.

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* Details of Unclaimed Deposits. Please click here.

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* 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.

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

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

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

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

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* Customers are advised to issue CTS compliant cheques only.

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* 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.

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

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