Products


Products	Products Descriptions
Deposits	High yielding deposits from Bank of India , Kenyan Branches
Advances	Types of Advances
Remittances	Types Of Remittances
Others	Our other services like LCs, guarantees , etc.

Deposits

Current Deposits
Savings Bank Deposits
Term Deposits
Call Deposits

Current Deposits

Current accounts can be opened by individuals, business community , corporate bodies or the like where the account holder has often to receive money and to make a number of payments. These are very active accounts. No interest is paid on balances in these accounts and there are no restrictions as to the number of deposits into and withdrawals from the account per day.Cheque books are issued in these accounts.

Savings Bank Deposits

Savings Bank accounts can be opened by individuals and the like where the account holder deposits money for the purpose of savings. There is no restriction on the number and amount of deposits to be made on any one day. Balances in these account earn interest and the amounts from the account can be withdrawn when needed. These accounts can be opened with or without cheque book facility.

Term Deposits

Term deposit accounts can be opened by individuals , corporate bodies ,etc. These deposits are for a period of 30 days or more. The interest payable on these deposits is higher than that payable in savings bank deposits. Receipts are issued for each deposit made under this scheme.In case of need these deposits can be prematurely encashed.

Call Deposits

Call deposits can be kept by individuals , corporate bodies ,etc. Call deposits are not opened for any fixed period. These deposits can be withdrawn at the will of the depositor . The contracted arte of interest is payable on this deposit. The interest payable on call deposits is higher than that payable in savings bank deposits.

Loans and Advances

The Bank gives hassle free loans for all your requirements at very competitive rates of interest. Loans are instantly given against our Term deposit receipts. We also give loans against deposit with any branch of Bank of India in India or 19 branches globally.

Remittances

We can transfer your money to India quickly and efficiently to any of our over 2500 branches. We can also effect transfer of funds to all major financial centers viz. New York , London , Jersey , Singapore , Hong Kong , Tokyo , Osaka , etc. Since we are connected to SWIFT the funds are remitted fast , efficiently and promptly.

For details and for further clarifications or for any questions, you may contact Mr. Fredrick Karuiki or Mr. Rajesh Kumar Ram on 221414 or 316238.

Demand Drafts

Demand Drafts are issued in INR, USD, GBP, EUR and other major currencies.

We offer very competitive exchange rates.

Mail Transfers

You may also remit funds economically using our Mail Transfer facility . The MT is sent by registered post to any of our branches in India or other parts of the world.

SWIFT and Telegraphic Transfers

Our SWIFT BIC (Branch Identifier Code) is BKIDKENAXXX.

Our wire transfer services may be utilized for quick transfer of funds to any of our branches or branches of other Banks with whom we have arrangements for funds transfer. Please contact on Ph.221414 or 316238 for further details.

We have a large network of over 2500 branches in India and 19 branches/offices worldwide including at all important financial centers such as London, Singapore, Tokyo, Hong Kong and Paris.

You may quote our BIC code to effect transfer of funds to your account with our Nairobi or Mombasa Branch from any part of the world.

Others

Guarantees

Guarantees are issued up to a maximum period of one year and are renewal on request.

Letter of Credit

Letters of Credit are open subject to documents drawn for a maximum period of 180 days after Bill of Lading date.

USD Accounts

We also open USD accounts. No minimum balance is required and there are no charges for cash withdrawals.