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



BBK offers you various types of term deposits (Fixed Deposits),at very competitive interest rates which can be opened with a minimum investment of INR 10,000/- You can choose tenures that range from 7 days to 5 years.

FEATURES & BENEFITS:

Apply Now

 

Ordinary Fixed Deposits:
In this type of deposit, the interest at every quarter will be credited to the SB/CD account of the customer or as per the standing instructions of the depositor.

At maturity instructions of customer would be awaited; if instructed the depositor would be paid ; if auto renewal is opted, the deposit would be renewed further as mentioned below.

Reinvestment Deposits:
In a reinvestment deposit, the interest accrued to your deposit at the end of each quarter is re-invested along with the principal. The tenure of your deposit must be a minimum of 6 months. At the end of the quarter, the interest and the principal are both rolled over, and the interest is calculated on the total sum. Income tax is deducted at source as per the applicable rates.

Automatic Rollover:
As a Fixed Deposit holder, you can avail of the facility for automatic rollovers on maturity (for both the principal and interest). You can select this option at the time of opening the account in the Account Opening form. You can renew only the principal amount or principal and interest accrued for reinvestment deposit. In case only principal is opted, the interest will be paid to your specified account of yours.
The automatic renewal will be done for the same tenure at the interest rate applicable on the maturity date.

On or before the maturity date, you can make the following changes in the rollover instructions of the deposit:

  • Change in tenure
  • Change in maturity instructions
  • Change in payment instructions
  • Change in principal (only reduced amount)
  • Change rollover of Principal to rollover of Principal + Interest, or vice versa.

Flexi Deposits:

  • The deposit is accepted in units of INR 1,000/-
  • Minimum amount of deposit is INR 50,000/-
  • This deposit can be opened for a minimum period of 7 days and maximum  of 5 years.
  • The Rate of Interest is as applicable for Term Deposits, as per the period of deposit.

Loan/OD against Term Deposits :

  • Loan/OD facility against Term Deposits is available.

Penal interest on premature withdrawals :

If the deposits are prematurely withdrawn, the interest rate prevailing at the date of deposit, for the period for which deposit was with the Bank shall be payable. The Bank may on such premature withdrawal charge a penal interest at such rate as may be specified by the bank from time to time.
For details of premature withdrawal charges, please refer to Interest Rate Chart.

Tax Deducted at Source (TDS) :

TDS will be deducted when interest paid or accrued during a financial year is Rs.10,000 or more and a consolidated Annual TDS Certificate will be mailed to you after the end of the financial year, including details of all TDS deductions during the year at the applicable TDS rates are for the financial year concerned. No TDS will be deducted if the customer furnishes the Form 15H at the beginning of the financial year.

Interest Rates for Senior Citizens :

Eligibility Criteria : A person who has completed the age of 60 years may be considered as a senior citizen for getting the benefit under the special deposit scheme for senior citizens.

Verification of Age : The following documents can be accepted as valid proof of age for this purpose : (copy)

  • Passport
  • Driving license
  • Pension Card  
  • Ration Card
  • Govt. Identity Card  
  • School Leaving Certificate
  • Life Insurance Policy
  • Birth Certificate

Interest Rate on Deposits : We pay 0.60% p.a. additional interest over and above the normal interest rates to Senior Citizens.
*Conditions Apply

ELIGIBILITY *:

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

  • Resident Individuals.
  • Hindu Undivided Families.  
  • Sole Proprietorship Firms.  
  • Partnership Firms.
  • Limited Companies. ( Both Private Ltd and Public Ltd )  
  • Trust Accounts.  
  • Association / Clubs / Societies.

ACCOUNT OPENING *:

The account opening form shall be the same as applicable for Savings Bank account and Current Account (Common account opening Form). Please refer to account opening of Savings Bank or Current account for documentation formalities.

 

Note: For all other terms and conditions of each type of deposit, please contact our Customer Service Department.

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