BANK OF BAHRAIN AND KUWAIT B.S.C

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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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NRI

FOR NRE SAVING's ACCOUNT :

In what currency is my NRE Savings Account maintained?

Your NRE Savings Account is maintained in Indian Rupees.

What is the minimum amount required to open an NRE Savings Account?

The minimum amount required to open an NRE Savings Account is INR 5,000 or its equivalent in foreign currency. You would be required to maintain monthly minimum balance of INR 5,000/- only.

What is the frequency of interest payment on my NRE Savings Account?

The frequency of interest payment on your NRE Savings Account is half-yearly

What do I get against my NRE Savings Account?

You will get a cheque book and an ATM card on your NRE Savings Account.

Can I repatriate funds in my NRE Savings Account?

Yes. The Principal and interest earned on NRE Savings Account are fully repatriable

Do I have to pay any taxes on the funds in my NRE Savings Account?

As per Current I.T. rules, funds in NRE Saving Accounts are exempted for I.T. in India

Can I transfer funds between NRE Savings Account?

Yes. Transfer of funds from NRE Savings Account is allowed for bonafide personal purposes such as personal expenses, education of children, and gifts.

Can I transfer funds from my existing NRE Savings Accounts to open NRO/FCNR Accounts?

Yes. You can transfer funds from your existing NRE Savings Accounts to open NRO/FCNR Accounts.

If I am visiting India, can I use Travellers Cheques or Foreign Currency to open an account or credit my existing NRE Savings Account? Travellers Cheques can be used to credit/open the account. NRIs bringing Foreign Currency Notes & Travellers Cheques will have to submit a Currency Declaration Form (CDF) from the customs authorities on arrival in India, if the foreign currency notes exceed USD 5,000/- or combined value of Travellers Cheques and notes exceed USD 10,000/-. You must produce the CDF for endorsement by the bank when you submit the money for opening/credit to an account.

Can I appoint a mandate holder for my NRE Savings Account?

Yes. You can appoint a mandate holder for your NRE Savings Account. You can also choose to provide the mandate holder with an ATM Card on your NRE Savings Account.

Can I have joint holders for my NRE Savings Account?

Yes. You can hold your NRE Savings Account jointly with other Non-Resident Indian(s).

Can I have a nominee for my NRE Savings Account?

Yes. You can have a nominee for the NRE Savings Account.

What are the fees and charges for the NRE Savings Account?

Please click here to know more about fees and charges.

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