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



Recurring Deposits are an ideal way to invest small amounts of money every month for an agreed number of months. On completion of agreed period, the depositor is paid a specified amount which represents the total amount of installments plus interest. Interest applicable is Fixed Deposit for relevant period. RD provides an opportunity to plan for a specific goal like Daughter’s marriage, Education etc.

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FEATURES & BENEFITS:

  • The minimum monthly installment of deposit is INR.1,000 per month and thereafter in multiples of INR.500. The period of deposit should be in multiples of 3 months with a minimum period of 12 months and maximum of 60 months.
  • Nomination facility is available for Recurring Deposit.
  • The interest rates applicable are in accordance with the Interest rates for the Term Deposits. Pl refer to Interest Rate Chart.
  • No tax is deducted at source on the interest earned.
  • Loan facility is available during the period deposit account, up to 75% of the outstanding balance in the account.
  • Access to the liquidity any time.
  • Access to the deposit from anywhere of our branches.
  • Free transfer of your funds through standing instructions from your Current or Savings Bank Account to your Recurring Deposit Account every month for the payment of your instalments to ensure regular payments and avoid penalty for delayed payments.
  • You can monitor your regular monthly update about payments through the Pass Book issued to you.

ELIGIBILITY:

The following types of persons are eligible to open Term deposits under the scheme.

  • Resident Individuals.
  • Nomination facility is available for Recurring Deposit.
  • Hindu Undivided Families.
  • Sole Proprietorship Firms.
  • Partnership Firms.
  • Limited Companies. ( Both Private Ltd and Public Ltd )
  • Trust Accounts.
  • Association / Clubs / Societies.

ADVANTAGE PLUS:

“Advantage Plus” is a specifically designed deposit for the depositors who wish to have flexibility in monthly installments. Under this scheme, the depositor has the flexibility of fixing the monthly installments of maximum 5 times of agreed amount or INR 1 Lakh whichever is lower.
All other terms pertaining to Recurring deposit scheme are applicable. Note: Please refer to Savings Bank or Current Account for account opening formalities or contact our Customer Services Department.

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