BANK OF BAHRAIN AND KUWAIT B.S.C

CORPORATE BANKING
Current Accounts Services
Working Capital Facilities
Long Term Finance / Term Loans
Trade Finances
International Banking
Treasury Products

ANNOUNCEMENTS

As a special Celebration of “AZADI KA AMRIT MAHOTSAVA “ BBK-INDIA OFFERS ALL ITS ESTEEMED NRI CUSTOMERS TO AVAIL THE VERY SPECIAL FOREIGN CURRENCY DEPOSIT RATES FOR THEIR FRESH FCNR/RFC DEPOSITS AS WELL AS MATURED RENEWALS DURING LIMITED PERIOD i.e BETWEEN AUGUST 01- AUGUST 15,2022. DEPOSIT AMOUNT-USD 5,000.00 AND ABOVE: TENOR- 01-03 YEARS.:RATE – 2.75% p.a: OFER PERIOD – AUGUST 01- AUGUST 15, 2022 ONLY.

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"

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

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"

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”

“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



Trade Finances :

Exclusive desk handling Trade Finance requirements of the Corporate is set up at the branches. The list of the services includes handling various types of export and import bills on collection basis, processing, providing timely and detailed MIS as required by the Corporates. Also, includes opening Letters of Credit and issuance of bank guarantees.

IMPORT FINANCE :

We offer both Buyers Credit and Suppliers Credit. The finance is available in all major currencies i.e. USD, GBP, EURO and Japanese Yen.

EXPORT FINANCE :

We offer the following facilities in both INR and foreign currencies.

PRE-SHIPMENT FINANCE :

The facility is offered to an exporter by way of packing credit to enable him to finance purchase or import of raw materials, processing and packing of the goods meant for exports.

POST-SHIPMENT FINANCE :

Credit is offered to an exporter to finance export sales receivables after the date of shipment of goods till the date of realization of export proceeds.

ADVANCES AGAINST COLLECTION BILLS (AACB) :

This facility will be provided to the Exporters whose limits are in place in the form of a loan provided to bridge the working capital gap that exists before the export proceeds are realized. The interest rate for this advance is similar to the rate charged for the Post-shipment for exports as per RBI Guidelines. Once the export proceeds are realized the loan is liquidated.

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