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

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Savings Accounts Services

Sl No. Nature of Transcation Charges Individual (w.e.f.: 1st July 2012) Charges Senior Citizens / Pensioners (w.e.f.: 1st July 2012)
A) Minimum Balance Requirement Rs.5000/- Nil
A.1 Shortfall on average balance (Quarter Basis) Rs.300/- per quarter Nil
B) Cheque Book Facility :
B.1 Issuance of Cheque Books (for accounts maintaining minimum balance as per Point A) Free, 50 Leaf for each half calendar year Free
B.2 Charges of cheque book on Additional 25 Leaf cheque book. Rs.2.50/- per Leaf. i.e.Rs.62.50/- fort 25 Leaf Free
B.3 Issuing of loose cheques Rs.10/- Free
C) Cheque Returns :
C.1 At par Cheque deposited at any location of Bank for clearing in the same location Free Free
C.2 Collection of outstation Cheque of other bank, drawn on Location where BBK does not have branch; no speed clearing/CBS Facility not available Up 10K Rs.25 Above 10K up to 25K Rs. 35/- above 25 K: Rs.2 per thousand or part thereof maximum Rs.5000/- Same as to normal charges Maximum Rs.2500/
C.3 Funds Transfer (Between Bank's Branches) (Online/through Net banking) Free Free
C.4 Cash Deposit Charges Free for any amount in Home as well at other branches Free for any amount in Home as well at other branches
D.1) Stop Payment (Single cheque) : Rs.100/- Rs.50/-
D.2)Stop Payment (Series Cheque): Rs.500/- Rs.100/-
D.2.1)Cheque Return (Inward) For Financial Reasons Rs.500/- (For first incident)*Additional Rs.100/- is to be recovered for any progressive recurrence, during a quarter. For example, second return incident Rs.600/-, third Rs.700/- and so on. Rs.500- (For first incident)*Additional Rs.100/- is to be recovered for any progressive recurrence, during a quarter. For example, second return incident Rs.600/-, third Rs.700/- and so on.
D.2.2) Clearing Cheque Return (Outward) Financial Reason and Non Financial Reason, both Free Free
D.3) Clearing Cheque Return (Inward) Non Financial Rs.100/- Free
D.4) Internal Transfer Return Charges Rs.100- if return memo is to be issued,otherwise free Rs.25- if return memo is to be issued otherwise free
D.5) ECS Debit Returned (Inward) Rs.500- (For first incident)*Additional Rs.100/- is to be recovered for any progressive recurrence, during a quarter. For example, second return incident Rs.600/-, third Rs.700/- and so on. Rs.500- (For first incident)*Additional Rs.100/- is to be recovered for any progressive recurrence, during a quarter. For example, second return incident Rs.600/-, third Rs.700/- and so on.
E) Adhoc Statement printed Free Free
F.1) Balance Enquiry Free Free
F.2) Balance Confirmation Certificate Rs.50/ Free
G) Interest earned in SB Account Certificate Rs.50/ Free
H) Certificate of any other nature Rs.50/ Free
I) Statement of Accounts :
I.1 Issuance of Pass Books Free Free
I.2 Issuance of Duplicate Pass Book Rs.100/- Rs.100/-
J) ATM Cards :
J.1 Issue of First ATM Card Free Free
J.2 Renewal Fee of ATM – every year Rs.100/- Free
J.3 Reissue of ATM Card at the request of the customer Rs.100/- Free
J.4 Reissue of ATM PIN at the request of the customer Rs.100/- Free
J.5 Blocking of the ATM card at Customer's Request Rs.100/- Free
K) Photo/Signature Verification : Rs.100/- per attestation Free
L) Tracing of Old Records :
a Up to 6 Months Rs.150/- Rs.100/-
b More than 6 months up to 2 Year Rs.200/- Rs.100/
c Above 1 Year Rs.250/- Rs.100/-
d Any change in the ledger such as address/ nomination/ joint holder etc. Free Free
M) Cash Remittance:
M.1 Cash deposit upto Rs. 2 lakhs per month Free Free
M.2 Beyond Rs. 2 lakhs upto Rs. 10 lakhs per month Free Free
M.3 Beyond Rs. 10 lakhs Free Free
N) Standing Instruction: (Per Frequency Charges)
Any SI within BBK is free, charges are applicable only where one leg of transaction is outside the BBK Rs.250- per instruction plus applicable charges service availed (If SI not executed for want of funds, Rs.100/- would be charged) Rs.250- per instruction plus applicable charges service availed (If SI not executed for want of funds, Rs.100/- would be charged)

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