Bharat Overseas Bank

About the Bank
Bharat Overseas Bank is a rapidly expanding Indian private sector financial institution with its headquarters in Chennai. Initiated to acquire Bangkok subdivision of Indian Overseas Bank in 1973, Bharat Overseas Bank Limited became the only private bank authorized by the Reserve Bank of India to start a division outside the nation.

Endorsed by around 7 banks, Bharat Overseas Bank is the single bank that signifies India in Thailand and is providing banking services to the Indian origin entrepreneurs for the last 25 years. The bank has been successful in marking a name for itself even since its incorporation in the field of client oriented banks. With a countrywide subdivision set-up, the bank has launched a range of ground-breaking plans with a focus on competence assisted by mechanization and expertise. Over the years, the bank has instituted the perfect balance by providing both consumer and technology oriented facilities.

The bank aims at being the most client friendly bank and targets at practicing the notion of association baking with long term and mutual customer liaisons. It aims at offering a comprehensive range of IT centric banking solutions. Through incessant endeavors, the bank strive to create a market for themselves as a refined expertise-centric fiscal service institution serving to the varied requirements of traders, corporates and personal bankers, and steadily progress towards a fiscal supermarket.

The bank aspires towards continued expansion and higher productivity besides attaining vigorous basics, net controlled capitals and fund sufficiency needs with the assistance of skilled and committed personnel.

Products and Services

Some of the products and services offered by Bharat Overseas Bank Limited are mentioned as below:

• Personal Banking for individuals
• Business banking for small and large scale businesses
• Corporate Banking. Through this product the bank offers a comprehensive range of finance services to corporate houses. Some of them are long term and short term credit at reasonable interest rates, easy repayment terms, working capital credit against bonds, credit for export and import deals, dealing with greater volume business accounts, providing group account facilities via several centres for the chief account and collection finance services to the corporate workforce.
• Loan services for international business
• Special facilities for the merchants
• Attractive rate of interest on domestic savings, NRI deposits and FCNR investments at 4.00% for all the Savings Accounts.
• NRI Banking. Various categories under NRI Banking are term and reinvestment deposits at simple and cumulative interest rate respectively. Non repatriable accounts under NRI banking are Non Resident Ordinary Account (NRO) and Non Resident Non Repatriable Account (NRNR); while Repatriable Type of Accounts entails Non-Resident External Savings Account (NRESB), Non-Resident External Cumulative Deposits Account (NREURDP) and Non-Resident External Term Deposits (NRETD).
• Other NRI facilities include loan services in lieu of NRE or FCNR Savings, endowment prospects, trade in of personal commodities, investment in realty, Locker services, nomination services, etc.

Contact Details

Mumbai Office:
Bharat Chambers
22/26, K. Dubash Marg Rampart Row,
Mumbai - 400 023
Phone: 284 4451, 204 0493,283 4387

Chennai Office:
Bharat Overseas Bank Ltd,
Head Office: Habeeb Towers,
196 (Old # 756), Annasalai,
Chennai - 600 002

Thailand Office:
Post Box no 372,
221, Rajawongse Road,
Bangkok-10100
Phone: 5412, 5413, 5414

Last Updated on 02^nd June 2010

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