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Saturday, 04-Feb-2012

Housing Loans to NRIs/ PIOs

NRI Deposit Scheme

NRI Yield Enhancing Scheme

NRI Services - FAQ

FAQ On Tax pertaining to NRI's

FAQ's On Edu. Cess & Secu. Trans. Tax

Foreign Currency Deposit Scheme

Online Services

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NRI Services---FAQ's

Q. 10 Are the various rules stated above flexible?

A. Various rules stated above are framed on the basis of ruling FEMA Provisions/ Bank of India's policy. Further, these rules are subject to change from time to time without notice. Therefore, it is advisable to refer to a Bank of India branch for the ruling regulations and interest rate structure before remittance.

Q. 11 Can an NRI avail loan against his Term Deposits?

The bank can grant loans/ overdrafts in India to Non-Resident Depositors as well as Indians for their personal needs as well as for business purposes against security of term deposit of NRIs

Loans

a. In India

i) to the Account holder

ii) to Third Parties

Permitted up to Rs.20 lakhs

Permitted upto Rs.20 lakhs

b. Abroad

i) to the Account holder

ii) to Third Parties

Permitted upto Rs.20 lakhs

Permitted upto Rs.20 lakhs

Q.12 Are NRIs permitted to hedge their foreign currency exposures in India?

A. As per extant guidelines, the NRIs are allowed to hedge their exposures (forward cover) in order to cover exchange risk in respect of balances held in their NRE/FCNR accounts. (only for term deposits)

Previous

Announcement

Analyst Meet Presentation for 31.12.2011

Reviewed Financial Results for the period ended 31.12.2011

Notice of Board Meeting

Analyst Meet Presentation for 31.12.2011 Reviewed Financial Results for the period ended 31.12.2011 Notice of Book Closure for Bonds

Chairman & Managing Director's Message & Address

Bank of India has decided to abolish prepayment charges on home loans for both fixed and floating rate loans across all tenures for existing as well as new borrowers

Watch recorded webcast of Analyst Meet-30.09.2011

Watch recorded webcast of Press Meet-30.09.2011

Financial Results for the quarter / half year ended 30th September 2011

Analyst Meet Presentation-30.09.2011

Festiva l offer – Rate of interest reduced on Home Loans & Auto Loans.

Watch webcast of 106th foundation day

Bank has decided to increase the Bank’s Base Rate from 10.00% p.a. to 10.75%p.a. and BPLR from 14.25% p.a. to 15.00% p.a. with effect from 28.07.2011.

The Managing Committee of the Indian Banks’ Association has appointed Shri Alok K Misra , Chairman and Managing Director, BANK OF INDIA as Deputy Chairman of the Association

Pension Calculator is available on Knowledge Portal front page

Press release launching of Mobile Based Remittance, Urban Financial Inclusion and two factor Authentication

Notice for Debit and ATM cardholders

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Branch / ATM Locator

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