BANK OF BAHRAIN AND KUWAIT B.S.C
PERSONAL BANKING
ANNOUNCEMENTS
E-BANKING LOGIN
Service charges - Customer Service Department | Effective from February 01, 2018 |
| Nature of transaction | Charges |
| Account Related General Charges | |
| Minimum Balance Requirement | Savings Accounts: Quarterly Average Balance Rs.5,000/- Current Accounts - Monthly Average Balance Rs. 10,000/- |
| Account Maintenance charges where minimum balance not maintained | Savings Accounts : Free Current Accounts : Rs.250/- (No charges for accounts where the average monthly balance in Current Accounts is INR 250,000 and above) |
| ATM / Debit Cards: | |
| First Year Fee | Free |
| ATM / Debit Card Usage at BBK ATMs in India | Free |
| ATM / Debit Card Usage at Non BBK ATMs in India | Free |
| Re-issue of Card at the request of the customer | Rs.200/- |
| Replacement of PIN | Rs.100/- |
| Annual Fee ( Renewal fee) | Rs.150/- |
| OUTSTATION CHEQUE COLLECTION | |
| Cheques drawn on any our branches | Free |
| Cheques drawn on another bank | Free if the drawee bank is in the same clearing GRID. Outside the clearing GRID, chargeable at the following rates: Upto 25,000/- Rs.50 Above 25,000/- Rs.3 per 1000 max Rs.500/- |
| STOP PAYMENT | |
| Single cheque | Rs.250/- per cheque maximum Rs. 500/- |
| Range of cheques | |
| ACCOUNTS STATEMENTS | |
| Issue of Monthly statement of account | Free |
| Issue of Weekly statement of account | Rs.1000/- per annum in case a physical statement of account is issued. |
| Issue of Duplicate statement of account | Rs.100 per page |
| Weekly statement by Hand delivery / By courier | Rs.50 per week |
| E mail statement (Monthly) / Hard Copy | Free |
| Ad hoc statement printed | Free |
| Pass Book | Free |
| Duplicate Pass Book Issuance | Rs.100/- |
| Statements with Bank's authentication (Hard Copy) | "Savings Accounts - Rs.250/- & Current Accounts - Rs.500/- per 1 year " |
| CHEQUE / ECS (Inward & Outward) return | |
| Inward Cheque return (Debit instructions issued by account holders and return unpaid) | Rs.500/- per instance/ cheque for Insufficient balance & Rs.200/- per instance / cheque for any other reasons |
| Outward Cheque return (due to financial reasons & non financial reasons) | Rs.100/- |
| Electronic Clearing Service return Inward (Debit instructions issued by account holders and return unpaid) & Outward | Rs.500/- for insufficient balance & Rs.200/- (any other reasons) |
| REMITTANCES | |
| Inward remittance from abroad in FCY | Rs.200/- |
| National Electronic Funds Transfer: | |
| Inward: | Free |
| Outward: | |
| UptoRs 10,000 | Free |
| Above 10,000 to Rs. 100,000 | Rs.5/- |
| Above Rs 1 lac to Rs. 2 lacs | Rs.15/- |
| Above Rs. 2 lacs | Rs.25/- |
| Real Time Gross Settlement Transer | |
| Inward: | Free |
| Outward: | |
| Rs. 200,000 to Rs. 500,000 | Rs.25/- |
| Above Rs. 500,000 | Rs.50/- |
| Cashier’s Order / Pay Order | Upto to 25000 -Rs.50/- and Rs.2 per thousand maximum Rs.5000 |
| Demand Drafts drawn on our branches | To be removed since Cashier's Order can be used as Demand Drafts |
| Demand Drafts drawn on correspondent Banks | 0.20 % (subject to a min of Rs.100/- and max of Rs.5000/- ) |
| Cancellation / Revalidation of DD/ PO/CO | Rs.100/- |
| Lost/Duplicate Instrument | Rs.250/- + stamp duty charges as applicable |
| CHEQUE BOOK | |
| Initial Personalised Cheque Book (Multicity) | Savings Accounts: Free for first cheque book containing 15 leaf Current Accounts: Free for first cheque book containing 60 leaf |
| Additional Cheque Books | Savings Accounts @ Rs.2 per cheque leaf; Current Accounts @ Rs.3 per cheque leaf |
| CASH DEPOSIT | |
| Cash Deposit Charges | Savings Accounts: Free, Current A/cs free upto Rs.50,000 per day, additional deposit @ Re.1 per Rs.1,000 or part there of |
| SPECIAL SERVICES | |
| Balance Confirmation Certificate/ any other certificate | Rs.150/- |
| Interest earned on SB a/cs | Free |
| Dormant Account Activation Charges: | Free |
| Photo / Signature / Address Verification: | Rs.100/- |
| Foreign Inward Remittance Certificate (on letter head )/EFIRC | Rs.100/- |
| Foreign Inward Remittance Certificate on security paper | Rs.500/- |
| Retrieval of documents : | Free upto to 6 Months, |
| > 6 months < 1 year - Rs.200/- | |
| > 1 year Rs.500/- | |
| STANDING INSTRUCTIONS | |
| Standing Instruction (Per frequency charges) | "Registration charges Free, Incident charges Rs.50/- plus applicable Commission on Cashier's Order/Demand Draft/RTGS/NEFT & Postage/ Courier additional. (Free for Locker Rental Standing instructions & transfer between two accounts with BBK) " |
| ACCOUNTS CLOSURE: | |
| Within 6 months from date of opening | Rs.1000/- |
| LOCKER RENT | |
| Size and Locker Dimension | Rent (p.a) |
| Locker Rent Type 'A' | Rs.1100/- |
| Locker Rent Type 'B' | Rs.1700/- |
| Locker Rent Type 'C' | Rs.2500/- |
| Locker Rent Type 'F' | Rs.5500/- |
| Locker Rent Type 'H' | Rs.7500/- |
| Locker Rent Type 'H1' | Rs.3400/- |
| Late Payment Penalty | Rs.500/- per quarter or part thereof |
| Locker Break Open charges | Actuals |
| Stamp duty will be paid by the customers for the locker agreements. | |
| Charges for any activity not specified above | To decide on charges for any activity not mentioned above will be under the joint discretion of the Head Support Services and the Country Head. |
Service charges - Trade Finance | Effective from February 01, 2018 |
| Nature of Transaction | Charges |
| A) Issuance of Certificates : | |
| Foreign Inward Remittance Certificate (on letter head )/EFIRC | Rs.100/- |
| Foreign Inward Remittance Certificate on security paper | Rs.500/- |
| Bank certificate of Exports & Realisation | Rs.100/- per shipping bill |
| B) Verifications / Certifications : | |
| Processing application for FDI/ODI/any other business | Rs.15,000/-per approval |
| Signature verification/ LC authenticity charges/Attestation charges/Annual Export turnover certificate | Rs.500/- |
| C) Transmission Charges : | |
| Full Operative Letter of Credit/BG/LOC | "SWIFT : Rs.1500/-SFMS : Rs.500/-" |
| Amendments – per message | "SWIFT : Rs.1000/-SFMS : Rs.500/-" |
| Remittances / Funds Transfer/other Misc message | Rs.750/- |
| Enquiry, Fate of the Bill | "SWIFT: Rs.250/-SFMS : Rs.150" |
| D) Export Letter of Credit : | |
| Advising of Letter of Credit | Rs.1500/- |
| Advising amendment to Letters of Credit | Rs.1000/- |
| Adding confirmation to Letter to Credit (Commitment charges + usance Charges) | 1% to 3% |
| Transfer of Letter of Credit | Rs.2500/- for every second beneficiary (Transferee) |
| E) Forward Contracts : | |
| Booking of sale and purchase contracts | Rs.500/- |
| Cancellation of Forward Contracts | Rs.1000/- + SWAP Cost |
| Stamp duty will be paid by the customers for the agreements. | |
| F) Trade Credit: | |
| Trade Credit/Buyers credit/LOC/LUT(Processing/Approval Charges) | Within overall all in cost ceiling as prescribed by Regulatory guidelines. |
| G) Import Letters of Credit : | |
| Opening of L/Cs : | |
| Commitment Charge | 0.15% per quarter (Actual number of days divided by 90 days) or part thereof (From date of the LC opening till the period available to beneficiary to present the document) |
| For Sight Bill: 10 days For usance Bill: Actual usance period allowed in LC Charges: First quarter (90 days) shall be charged at 0.30% and for any additional period 0.075% for a month (30 days) or part thereof | Rs.500/- |
| For any amount LC, charges are as above or minimum Rs.1000/- | Rs.1000/- |
| Amendments to LCs : | |
| Extension of validity of LC within 3 months period (for which commitment charge has been collected) | "Amendment Rs.500/- + commitment charges Text Amendment Rs.250/- per clause, Max Rs.1000/-" |
| Where extension of validity of credit beyond 3 months (for which commitment charges has been collected upto 3 months) | Rs.500/- |
| Enhancement in L/C Value | Commitment charges from date of issuance till expiry date. |
| Inland letters of Credit : | |
| Opening of LCs : | |
| Commitment Charges for each period of 3 months | 0.20% - Min. Rs.500/- |
| Usance Charges: - At sight & upto 10 days usance | 0.20% |
| Usance Charges – Over 10 days and upto 3 Months | 0.40% |
| Usance Charges – Over 3 months for each month or part thereof over the last 3 months | 0.40% for first 3 months, plus 0.20% per quarter in excess of 3 months. |
| Amendments to the Inland LCs : | |
| General Amendments – per each message | Rs.500/- |
| Extension of validity of LC within 3 months period (for which commitment charge has been collected) | "Rs.500/- Text Amendment Rs.250/- per clause, Max Rs.1000/-" |
| Where extension of validity of credit beyond 3 months (for which commitment charges has been collected up to 3 months | Addition 0.20% per quarter |
| Enhancement in L/C Value | Commitment charges from date of issuance till expiry date. |
| Guarantees : | |
| Inland/Foreign Bank guarantee | Narrative:Inland/Foreign Guarantee: 0.25% to 2% p.a. subject to min INR 2000/-(Inland) USD 100/- (FCY) plus applicable transmission charges. |
| Cancellation of BG – Refund Rules | 50% pro-rata basis for unexpired period |
| Shipping Guarantee/ Delivery Order for release of goods against Import where import bill is yet to receive | Rs.1000/- |
| All guarantees with 100% cash margin | Half of the normal commission |
| Collection Services : | |
| Bills : | |
| Processing Charges for bill negotiated / Purchased / discounted(Inland/Foreign/AACB) | Rs.2000/- |
| Export collection Bill | Minimum Rs.500/- or 0.075% whichever is higher Maximum Rs.10,000/- |
| Overdue Export Bill | "Up to 2 Lakhs Rs.250/- per quarter. Above 2 Lakhs Rs.500/- per quarter. (Chargeable at the end of every calendar quarter)" |
| Where proceeds of bills received through a bank other than BBK | 0.125% in addition to normal collection charges. Maximum Rs.2000/- inclusive of all the charges. |
| Commission in lieu of exchange | 0.125% minimum Rs.250 & maximum Rs.2000/- |
| Write off of Export Bills & processing charges | Rs.2000/- per shipping bill |
| Note: If the monthly turnover of export collections exceed INR 2.5crores, commission @0.0625% with minimum of INR1000/- and maximum of INR 2,500/- | |
| Import Bills : | |
| Commission on bills drawn under LC : | |
| Foreign Currency bills at the time of or retirement | 0.15% |
| Advance Import payment Bill | 0.15% min Rs.500/- max Rs.10,000/- |
| Out of Pocket expenses in export and import Bill | Courier/postage expenses in export and import Bill - min Rs.1000/ or actuals |
| Commission on Clean Import Bills (not drawn under L/C) :- | |
| Where exchange margin is earned on Foreign Currency Bill | 0.25% minimum Rs.500/- Maximum Rs.10,000/- |
| Bills received directly by Importer | Half of the commission earned on same amount collection bill. Minimum Rs.500/- and maximum Rs.5000/- |
| Inland Bills : | |
| Bills drawn under Inland LCs | |
| For bills upto 2.5 lacs at the time of retirement | "Restructured: FIBC:0.20% min Rs.1000/- amd Max Rs.10,000/-(overdue charges Rs.1000/- per quarter) " |
| For bills above 2.50 Lakhs at the time of retirement | |
| If the bills are not retired on the due date as per the original usance, additional charge for the devolvement period till date of recovery | |
| LC Bill discounted | 0.125% min Rs.2000/- max Rs.10,000/- |
| Inland Bills under collection which are returned back to the remitting bank unpaid | 50% of normal charges Minimum Rs.500/- maximum Rs.1000/- (Excluding other bank charges which will be born by their party) |
| Bills sent by us (OBC) and returned unpaid by other bank | Rs.500/- |
| Collection Bills (OBC/IBC) | Rs.5 per thousand with min of Rs. 500 and maximum Rs.10,000 + Out of Pocket expenses Rs.250/ |
| Other Trade related Services | |
| Merchant Trade | 0.125% min of Rs.1000 max Rs.10,000/- for both legs |
| FDI | 0.125% min of Rs.1000 max Rs.10,000/- |
| ODI Remittance | 0.125% min of Rs.1000 max Rs.10,000/- |
| ODI-APR Reporting | "Rs.500 for timely submission , for late submission Rs.1500/-per year" |
| ETX Form | "1st ETX-Rs.500/-, 2nd ETX Rs.750/-, thereafter Rs.1000/- per Shipping bill" |
| For processing any Application to regulator/law enforcement Agency/Govt.Agency | "Rs.1000/- per application. If personal visit to entity office Rs.1500" |
| Return of funds (FCY) | "Upto USD 1000------- Chgs USD15 USD 1001 to USD 2500------- chgs USD 25 Above USD 2500--------- chg USD 50 " |
| GR Waiver | Rs.250/- per waiver |