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

* Please click here for Revised service charges w.e.f.01.02.2018.

*Banking Facilities for Senior Citizens and Differently abled Persons.

*Dear Customers, Effective 27th Mar 2018 our Hyderabad Branch will function from the Bank's own spacious premises at :Ground Floor, 6-3-252/1/3 & 6-3-252/1/3/A, ERRAMANZIL, HYDERABAD - 500 082.Contact nos remain same.

* W.E.F 01.07.2017 Bank will collect GST @18% on applicable commission/service charges in lieu of service tax @15%.

* W.E.F 01.07.2017 GST on Forex conversions will be 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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International Banking - Correspondent Banking

BBK is the forefront receiver and communicator with existing and potential correspondent banks. BBK acts as a focal point for all communications between correspondent banks and various end-users of services in the bank. It creates synergy between the correspondent banks and different user, in order to facilitate our client’s business transactions. It also offers Vostro services to international banks and Exchange houses, as well as provides instant cash transfers worldwide, through various affiliations and correspondent relations, in major 4 currencies/ locations.

Our products suit your banking requirements by virtue of being one of the best banking relationship networks both in terms of strength and spread among the GCC financial entities.

Our branches are capable of providing the services that an international correspondent Bank can offer. All the branches of the Bank are well equipped to handle the business of Correspondent Banking.

The overseas presence of the Bank is further supported by a large number of correspondent Banks which gives BBK access to every corner of the Globe.

The main services provided are :

  • Collection of bills both Documentary and Clean.
  • Advising / confirming of L/Cs opened by Indian Banks.
  • Discounting of Bills drawn under L/Cs as well as outside L/Cs.
  • Maintenance of foreign currency accounts (Nostro in US$, Euro, GBP , JPY respectively) for settlement of transactions.
  • Making foreign currency payments/ remittance on behalf of customers.
  • Arranging External Commercial Borrowing (ECB).
  • Arranging and participating in International Loan syndication backed by export credit agencies.
  • Foreign currency loans under the FCNR(B) scheme.

BBK offers the correspondent banking services at very competitive charges.

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