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Services
We have lockers at all the branches in Kenya. The lockers are of various sizes and are available now. The rent is payable yearly. You can operate the locker as many times as you wish. Please contact respective Branch Managers to avail the facility.
Services
FCNR Accounts
If you are an Expatriate / Non Resident Indian, you may open your deposit account in our designated branches in India. These accounts could be in US Dollars or other major world currencies like GBP, EURO or Japanese Yen. The deposit receipts are issued for a maximum period of 7 years.
NRE Accounts
You can also open NRE accounts in Indian Rupees. These accounts may be opened in the form of Savings Bank , Current Deposit, Fixed Deposit , Double Benefit deposit , Monthly Income Certificate and Quarterly Income Certificate. The deposit receipts are issued for a maximum period of 7 years. Some of our designated centers also offering Internet Banking Services.
You can check our interest rates by clicking here
Services
- Original Passport
- Proof of residence
- Three passport size colour photographs
- Duly completed account opening form
We also help you open accounts with our UK Branches and also Jersey Branch. Please contact our branch Personnel for further details.
Services
Kenya Revenue Authorities i-Tax Payment
Customers can now conveniently pay taxes, directly into Kenya Revenue Authority’s Account, at Bank of India, following KRA’s approval of Bank of India as a tax collection agent through the revamped Integrated Tax management System (iTax). This service is available across all branches of Bank of India in Kenya through cash payments and internal transfers from customer’s account. Upon payment, you will obtain a payment confirmation advice from the bank and your Tax details will be updated and confirmation sent to KRA on a real time basis. The Advice provided by the Bank is final and sufficient proof of payment both to KRA and the tax payer. It is also possible to enquire about your payment status online from the KRA website to confirm that the details have been updated.
Star InstaRemitQuick fund transfer to India (HRTGS)
Efficient Remittance to India through Bank of India branches or any other bank in India Available to customers / non-customer * (* subject to KYC/AML norms) Hassle free and easy money transfer to India Instant credit to beneficiary’s account with any branch of Bank of India in India Same day / within 24hrs credit to beneficiary’s account with branch of other Banks in India which are RTGS/NEFT enabled. Trade related Payments NOT allowed under this remittances.
OUR EXCHANGE RATE
- Central Bank of Kenya has revised its CBR to 11.25%. Accordingly, Rate of Interest on advances accounts linked to CBR will be revised w.e.f 05/12/2024.
10 Dec 2024 - Bank has revised its base rate from 16.00% to 15.50%. Accordingly, Rate of Interest on advances accounts linked to Base rate will be revised w.e.f 10/01/2025.
