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

* 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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Service charges - Customer Service Department

Effective from February 01, 2018
Nature of transactionCharges
Account Related General Charges
Minimum Balance RequirementSavings 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 FeeFree
ATM / Debit Card Usage at BBK ATMs in IndiaFree
ATM / Debit Card Usage at Non BBK ATMs in IndiaFree
Re-issue of Card at the request of the customerRs.200/-
Replacement of PINRs.100/-
Annual Fee ( Renewal fee)Rs.150/-
OUTSTATION CHEQUE COLLECTION
Cheques drawn on any our branchesFree
Cheques drawn on another bankFree 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 chequeRs.250/- per cheque maximum Rs. 500/-
Range of cheques
ACCOUNTS STATEMENTS
Issue of Monthly statement of accountFree
Issue of Weekly statement of accountRs.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 courierRs.50 per week
E mail statement (Monthly) / Hard CopyFree
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) & OutwardRs.500/- for insufficient balance & Rs.200/- (any other reasons)
REMITTANCES
Inward remittance from abroad in FCYRs.200/-
National Electronic Funds Transfer:
Inward:Free
Outward:
UptoRs 10,000Free
Above 10,000 to Rs. 100,000Rs.5/-
Above Rs 1 lac to Rs. 2 lacsRs.15/-
Above Rs. 2 lacsRs.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 branchesTo be removed since Cashier's Order can be used as Demand Drafts
Demand Drafts drawn on correspondent Banks0.20 % (subject to a min of Rs.100/- and max of Rs.5000/- )
Cancellation / Revalidation of DD/ PO/CORs.100/-
Lost/Duplicate InstrumentRs.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 BooksSavings 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 certificateRs.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 )/EFIRCRs.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 DimensionRent (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 PenaltyRs.500/- per quarter or part thereof
Locker Break Open chargesActuals
Stamp duty will be paid by the customers for the locker agreements.
Charges for any activity not specified aboveTo 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 TransactionCharges
A) Issuance of Certificates :
Foreign Inward Remittance Certificate (on letter head )/EFIRCRs.100/-
Foreign Inward Remittance Certificate on security paper Rs.500/-
Bank certificate of Exports & RealisationRs.100/- per shipping bill
B) Verifications / Certifications :
Processing application for FDI/ODI/any other businessRs.15,000/-per approval
Signature verification/ LC authenticity charges/Attestation charges/Annual Export turnover certificateRs.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 messageRs.750/-
Enquiry, Fate of the Bill"SWIFT: Rs.250/-SFMS : Rs.150"
D) Export Letter of Credit :
Advising of Letter of CreditRs.1500/-
Advising amendment to Letters of CreditRs.1000/-
Adding confirmation to Letter to Credit (Commitment charges + usance Charges)1% to 3%
Transfer of Letter of CreditRs.2500/- for every second beneficiary (Transferee)
E) Forward Contracts :
Booking of sale and purchase contractsRs.500/-
Cancellation of Forward ContractsRs.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 Charge0.15% 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 thereofRs.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 ValueCommitment charges from date of issuance till expiry date.
Inland letters of Credit :
Opening of LCs :
Commitment Charges for each period of 3 months0.20% - Min. Rs.500/-
Usance Charges: - At sight & upto 10 days usance0.20%
Usance Charges – Over 10 days and upto 3 Months0.40%
Usance Charges – Over 3 months for each month or part thereof over the last 3 months0.40% for first 3 months, plus 0.20% per quarter in excess of 3 months.
Amendments to the Inland LCs :
General Amendments – per each messageRs.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 monthsAddition 0.20% per quarter
Enhancement in L/C ValueCommitment charges from date of issuance till expiry date.
Guarantees :
Inland/Foreign Bank guaranteeNarrative: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 Rules50% pro-rata basis for unexpired period
Shipping Guarantee/ Delivery Order for release of goods against Import where import bill is yet to receiveRs.1000/-
All guarantees with 100% cash marginHalf of the normal commission
Collection Services :
Bills :
Processing Charges for bill negotiated / Purchased / discounted(Inland/Foreign/AACB)Rs.2000/-
Export collection BillMinimum 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 exchange0.125% minimum Rs.250 & maximum Rs.2000/-
Write off of Export Bills & processing chargesRs.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 Bill0.15% min Rs.500/- max Rs.10,000/-
Out of Pocket expenses in export and import BillCourier/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 Bill0.25% minimum Rs.500/- Maximum Rs.10,000/-
Bills received directly by ImporterHalf 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 unpaid50% 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 bankRs.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 Trade0.125% min of Rs.1000 max Rs.10,000/- for both legs
FDI0.125% min of Rs.1000 max Rs.10,000/-
ODI Remittance0.125% 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 WaiverRs.250/- per waiver

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