Open Vacancy Announcement

Open Vacancy Announcement for the post of Chief Credit Officer (01) and Economist (01).Bank of Bhutan established in 1968 through a Royal Charter is the oldest and largest bank in the Kingdom with a presence in all Dzongkhags through a network of 36 Branch Offices and 11 Extension Counters. As the leading Bank, Bank of Bhutan is committed to Diversity and Inclusion, which will enable the Bank to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage.

We would like to seek applications from highly motivated, result-oriented and dynamic professionals having positive attitude and zeal to work in a team for the post of

  1. Chief Credit Officer (01) Click here to view the ToR
  2. Economist (01) Click here to view the ToR 

All eligible candidates interested in applying for the mentioned positions may submit BoB Job application  to the Human Resource Division with effect from December 04, 2017 to December 18, 2017 before close of our business hours. The applicants shall be shortlisted based on the stated criteria and other requirements as per  the bob job application form and invited for Personal Interview as appropriate.
For further information, contact Human Resource division at 02-334333, IPT no. 0048/0047 (HRDGeneral) during office hours.

Nation gets it’s own “Scan to Pay” Platform and online loan application

PRESS RELEASE

FOR IMMEDIATE RELEASE:

CONTACT:
Name: Mr. Passang Norbu
Organization: Bank of Bhutan Ltd.
Telephone No.: +975-2- 334333 (ext. 0015) / 17603469
E-mail Address: [email protected]
Web Address: www.bob.bt

Nation gets it’s own “Scan to Pay” Platform and online loan application

Thimphu, September 15, 2017 – Keeping with our commitment of bringing new age convenient banking products to the market, Bank of Bhutan (BoB) introduced the nation’s first QR payment functionality – “Scan to Pay” – available through the bank’s popular mobile banking application, mBoB and online loan application. The ‘Scan to Pay’ feature enables merchants with BoB accounts to accept electronic payments through mBoB without the need for an Electronic Data Capture (EDC) or a Point of Sale (POS) machine. This is done through Quick Response (QR) code where any customer using mBoB can simply scan the QR code displayed at bank’s authorized merchants to pay for their purchases directly from their BoB account. Authentication is done through the QR code, which is generated by the system and linked to the mBoB merchant’s bank account. The transaction is completed with enhanced security features protecting the customers’ account details.

The new “Scan to Pay” will be available on mBoB once the customer updates the mobile banking application through Apple and Google Play mobile app stores. This update will be made available to clients from September 15th onwards. By the end of the year, the bank targets to add 200+ mBoB merchants to its ecosystem.

Online loan application provides the facility to customers to apply for loan through BoB’s website and also later through mBOB anytime, anywhere. A customer can apply for certain loans from any region and have the option of selecting the branch from where they want to avail the facility. After submission of the application, the customer will receive an email alert or SMS, advising him/her to visit the bank to complete the documentation formalities if everything is in order. This will greatly improve our turn-around-time (TAT) for simple loans and also for the customers. The feature will be available through mBoB from 28th September.

mBoB users will have to update the application to avail these new services.

The CEO, during an interview, said that “The Bank of Bhutan has embraced technology to serve its clients faster and also do more with less. The bank emphasizes on intuitive user experience for these new age products for easy adoption. QR based Scan to Pay is an excellent example by which one can pay merchants in 3 simple steps through the mBoB app. The online loan application facility for simple, salary-based loans will make the loan process fast and efficient. If all the formalities and requisite documents are submitted completely, the loan will be processed and approved and will only require the customer to visit the bank to sign the documents. This facility will set the standards for customer service in the country. ”

Established in 1968 through a Royal Charter the Bank of Bhutan is the oldest and largest bank in the Kingdom with presence in all Dzongkhags through a network of 36 branch offices and 11 extension counters. The Bank launched its Mobile and Agency Banking App (mBoB) on May 15, 2015 and as of now has over 50,000 registered users in the country.. The Bank is owned by Druk Holding and Investments (the investment arm of the Royal Government of Bhutan) and the State Bank of India, the largest public sector bank in India in an 80:20 ratio.

For more information, please contact our PR & Media focal person at [email protected]

Open Vacancy Announcement

Open Vacancy Announcement, Bank of Bhutan established in 1968 through a Royal Charter is the oldest and largest bank in the Kingdom with a presence in all Dzongkhags through a network of 36 Branch Offices and 11 Extension Counters. As the leading Bank, Bank of Bhutan is committed to Diversity and Inclusion, which will enable the Bank to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage.

We would like to seek applications from highly motivated, result-oriented and dynamic professionals having positive attitude and zeal to work in a team for the following post

  1. Position: Economist
    • Slot: 1
    • Grade: M3
    • Employment type: Regular
    • Qualification: Masters in Economics
    • Experience: Minimum 7-10 years of experience in related field in government or corporate entities.
  2. Click here to view full criteria  for the position Economist

    Click here to download the ToR for the position Economist

  3. Position: Legal Officer
    • Slot: 01
    • Grade: M4
    • Employment type: Regular
    • Qualification: LLB with PGDNL (preference will be given to applicant with experience). Applicant should be fluent in Dzongkha and English and should be able to translate English to Dzongkha to English (Bilingual)
  4. Click here to view full criteria  for the position Legal Officer

    Click here to download the ToR for the position Legal Officer

  5. Position: IT Programmer
    • Slot: 02
    • Grade: M4
    • Employment type: Regular
    • Qualification: Graduates with BCA/ B. SC. IT. Shall be proficient in more than one of the programming languages – dot Net framework, Java, PHP, C++/Knowledge of MS Sql, PL Sql, Oracle Database.
    • Experience: At least four years of experience working on software development in a leading firm.
  6. Click here to view full criteria  for the position IT Programmer

    Click here to download the ToR for the position IT Programmer

  7. Position: IT Officer
    • Slot: 02
    • Grade: M5
    • Employment type: Regular
    • Qualification: Graduates with BCA/ B. SC. IT with Knowledge of Sql queries, Proficiency in MS Word/ Excel.
  8. Click here to view full criteria  for the position IT Officer

    Click here to download the ToR for the position IT Officer

  9. Position: Banking Officer
    • Slot: 05
    • Grade: M5
    • Employment type: Regular
    • Qualification: Minimum Bachelors’ Degree (Overall 60% – Minimum 50% in English and not earlier than 2014 passed out).
  10. Click here to view full criteria  for the position Banking Officer

    Click here to download the ToR for the position Banking Officer

  11. Position: Banking Assistant
    • Slot: 15
    • Grade: A4
    • Employment type: Regular
    • Qualification: Only Class 12 (50% – Minimum 50% in English + 3 best subjects and not earlier than 2013 class XII passed out).
  12. Click here to view full criteria  for the position Banking Assistant

    Click here to download the ToR for the position Banking Assistant

  13. Position: Legal Assistant
    • Slot: 01
    • Grade: A3
    • Employment type: Regular
    • Qualification: Class 12 with DNL (preference will be given to applicant with experience).
  14. Click here to view full criteria  for the position Legal Assistant

    Click here to download the ToR for the position Legal Assistant

All eligible candidates interested in applying for the mentioned positions may submit application (filled in BoB job application form ) to the Human Resource Division with effect from September 05, 2017 to September 18, 2017 before close of our business hours. The applicants shall be shortlisted based on the stated criteria and other requirements as per the bob job application form and invited for Personal Interview as appropriate.

For further information, please contact Human Resource division at 02-334333, IPT no. 0048/0047 (HRD General) during office hours.

Book Hotel with bagoda.com

Overview

Bank of Bhutan jointly with agoda.com is happy to announce amazing offers on more than 1 million+ hotels worldwide. Make hotel bookings using any Bank of Bhutan card and save an additional 7% on top of up to 75% discount worldwide.

To book and redeem your discount, log onto AGODA.COM

August Offer

Avail 10% offer on hotels in Thailand, Malaysia, Singapore and Taiwan

Avail 8% off for other global destination

Booking Period: 1st August to 31st, August 2017

Staying period: 1st August to 31st, December 2017

To book and redeem your discount, log onto AGODA.COM

Fuel Card

Overview

Bank of Bhutan fuel card is a card issued to Government agencies, Corporations and any offices, to be used for fueling their office vehicles at fuel stations only.

Benefits

  • Enhance convenience of fuel management process.

  • Ease of control and monitoring of fuel expenses.

  • Lessen administrative works to transport officers.

  • Eliminate human errors.

  • Efficient management information system.

  • Avoid cash advances and improve Cash flow.

  • Help the economy in reducing notes circulation thereby reducing cost of notes printing.

Features

  • Can issue against each vehicle linked to one official account.

  • Usage is blocked for other purposes such as cash withdrawal and also at other merchant locations to prevent misuse.

  • Can be used only at fuel stations in Bhutan.

  • Card will be issued in the name of office and individual vehicle No.

  • Individual card limits can be set.

  • Validity of the Card: 5 years.

Requirements

  • Current Account in the name of office.

  • Fund the account regularly.

Fees

  • One time Issuance fee : Nu.250/- per card.

  • Renewal or Replacement fee : Nu.150/- per card.

Application Process

  • Download fuel card application form.

  • Renewal or Replacement fee : Nu.150/- per card.

Bidding Document for Preparing of Car Park Flooring with Epoxy Paint

NOTICE INVITING TENDER

 

Bank of Bhutan Ltd (BoBL) would like to invite tender from National/International contractors/dealers for the following work for BoBL Corporate Building Construction at Norzin lam, Thimphu.

 

  1. Preparation of Car park Flooring with Epoxy Paint.

 

The details of scope of work are provided in the tender document. Based on the information obtained through this tender, BoBL will evaluate and select the contractors/dealers for award of the work.

 

For any clarification of the above, you may contact the following;

 

Ms Karma, Executive Engineer, TCO Project Office, BoBL City Office, Norzin Lam, NWAB building, Thimphu, contact no +975-2-327764 or email at [email protected]

 

Click here to download the bidding document. The last date for submission of the tender is 3/07/2017.

Download Account Opening Form

Download Recurring Deposit Plus Opening Forms

Download Flexi Recurring Deposit Opening Forms

Download Simple Recurring Deposit Account Opening Forms

Download Fixed Deposit Opening Forms

LAUNCH OF NEW WEBSITE, NEW mBoB UI AND NEW RECURRING PRODUCTS

FOR IMMEDIATE RELEASE:

CONTACT:

Name:                  Mr. Passang Norbu

Organization:     Bank of Bhutan Ltd.

Telephone No: +975-2- 334333/ 17603469

Facsimile No:    +975-2-335784

E-mail Address: [email protected]

Web Address:   www.bob.bt

28 March, 2017 Thimphu: To encourage savings in the country, the Bank of Bhutan launched two new deposit schemes, the Flexi Recurring Deposit and Simple Recurring Deposit today.

The Flexi Recurring Deposit scheme is an innovative new product that allows customers to deposit variable amounts at any time in the month. Depositors opting for the Flexi Recurring Deposit scheme can choose to deposit a minimum of Nu.100 per month to a maximum Nu.20,000 with tenures ranging from one year to maximum 20 years.  This gives the depositor the flexibility to make multiple deposits of varying amounts in a month (subject to total deposit of Nu.20,000/month) and also have the option to skip an installment without any penalty being levied.  This should encourage our clients to deposit any savings during the month into a Flexi RD account and not have to deposit a fixed amount every month as with a normal RD product.  The interest rate offered for Flexi RD are:

Flexi Recurring Deposit Interest Rates

Term Flexi RD Rates
91 DAYS TO 364 DAYS 4.75%
365 DAYS TO 729 DAYS 6.75%
730 DAYS TO 1094 DAYS 7.25%
1095 DAYS TO 1824 DAYS 7.75%
1825 DAYS TO 2554 DAYS 8.25%
2555 DAYS and more 8.50%

The Simple Recurring Deposit does away with the restriction of a maximum of Nu.10,000 per month in the exiting RD product and offers the freedom to deposit any amount as monthly installment. However monthly deposit should be made only once and is not flexible. The minimum deposit is Nu.100 and interest tenure ranges from one year to maximum of 20 years. Interest rates are given below:

Simple Recurring Deposit Interest Rates

Term Simple RD Rates
91 DAYS TO 364 DAYS 5.00%
365 DAYS TO 729 DAYS 7.00%
730 DAYS TO 1094 DAYS 7.50%
1095 DAYS TO 1824 DAYS 8.00%
1825 DAYS TO 2554 DAYS 8.50%
2555 DAYS and more 8.75%

Bank officials said that the Flexi Recurring Deposit product is designed to suit the needs of every individual.  It is a unique product available only with the Bank of Bhutan and encourages customers to save any amount they can spare unlike the regular RD accounts that expect a fixed installment amount to be deposited every month.

The Simple RD is a product that should encourage people with large disposable income to opt for a larger fixed installment (overNu.10,000) per month.  With the waiver of PIT on Fixed/Term Deposits introduced by the Government, this new product should be popular with people would like to make larger recurring deposits.

In the same function, the Bank of Bhutan also launched its new Website and a new and improved version of the popular mBoB app.  The new website has a fresh and stylish look with easy and intuitive navigation screens.  It also provides a facility to request a call-back in case any clarification or further information is required.

The new and improved mBoB app has a completely changed look & feel through a revamped User Interface.  The changes in the screens and navigation options were developed based on feedback in order to improve user overall experience through simplified steps in the new app. Users will immediately notice that the improvement in the new mBoB app is not limited to the look & feel but in the great improvement in the overall usability of the app.

The Bank will continue to support the older version of the app for a period of one month ending on 28 April 2017 after which it will cease to function.  Users are encouraged to download the new app immediately from Google Playstore or Apple Store as well as for Windown and Blackberry phones.

The launch of the new website and new mBoB is also in line with the re-branding exercise that Bank has initiated.

At the launch, Pema N. Nadik, CEO, BoB said “The launch of the new deposit products by BoB today is in line with the drive to encourage savings initiated by the Government and the RMA.  Together with growth in credit, growth in savings is equally important for the economic development of the country and as the nation’s oldest and largest bank, BoB is committed to contribute to this effort.”  He added that “The launch of the new website and improved mBoB app also demonstrates the bank’s continuous efforts to improve its products and services.  The bank takes the feedback and suggestions from its clients very seriously and will always strive to meet and exceed customer expectations.”

Established in 1968 through a Royal Charter, the Bank of Bhutan is the oldest and largest bank in the Kingdom with a presence in all Dzongkhags through a network of 31 branches and 16 extension offices.  The Bank has the largest network of 82 ATMs throughout the country.  BoB is the only bank in the Kingdom with primary membership of Visa and MasterCard and is the only bank-issuing Visa branded Credit Cards for corporates and individuals.  It is the first Bank to start Internet Banking, Tele-Banking, Sunday Banking, Mobile Banking and Payment Gateway services in the Kingdom.  The bank has also recently launched Agency Banking services in an initiative to take financial services to every corner of the country.

For more information, please contact our PR & Media focal person at [email protected]

mBoB Privacy Poilicy

BANK OF BHUTAN- mBoB PRIVACY POLICY DOCUMENT.

Bank of Bhutan treats personal information obtained through the use of this website, electronic device and/or mobile solution/app, or agent as private and confidential and are committed to providing you with the utmost secure access. This Policy relates to the collection, use and disclosure of Personal Information by Bank of Bhutan. (“BoB”, “we”)

A.

Personal Information is information relating to an individual/Company/entity/group (“you” or “your”). and comprises all the details BoB holds or collects about you, directly or indirectly, your transactions, financial information, interactions and dealings with BoB, including information received from third parties and information collected through use of our website and our electronic banking services.

Purposes for use of your personal Information

BoB is determined to meet all your needs and therefore may use and collect personal and/or information to meet our obligations and empower you towards your tomorrow. We have highlighted below some of the many uses of the collected information

  • Statistical analysis,

  • Operational purposes,

  • Conducting market research and surveys,

  • Assessing aptness for products and services,

  • Management of banking relationships,

  • For marketing, promotions, competitions,

  • For compliance with both local or foreign law, judgments or court orders, agreements between any member of the BoB and any authority, regulator, or enforcement agency policies (including BoB’s internal policies), good practice, government sanctions, reporting requirements under legislation, and demands or requests of any authority, regulator, tribunal, enforcement agency, or exchange body,

  • To seek professional advice, including, in connection with any and or prospective legal proceedings, for obtaining legal advice, or for establishing, exercising or defending legal rights,

  • Enable provision of products and services,

  • Credit assessment,

You acknowledge that the above information is by no means exhaustive and shall include any other reason the bank in its discretion deem necessary. We may disclose information to any member of the BoB, including our officers, employees, agents and advisers, and any of the following parties for any of the purposes above. That includes the following, in any jurisdiction.

  • Any member of the BoB anywhere in the world,

  • Any person to whom disclosure is allowed or required by local or foreign law, regulation or any other applicable instrument,

  • Professional advisers (including auditors), third party service providers, agents or independent contractors providing services to support BoB’s business,

  • Any court, tribunal, regulator, enforcement agency, exchange body, tax authority, or any other authority or their agents,

  • Any debt collection agency, credit bureau, insurer or insurance broker, direct or indirect provider of credit protection and fraud prevention agencies.

B. Disclosure

We will not disclose personal information to anyone outside the bank without your permission unless:

  • We are compelled to do so by law,

  • We are compelled by order of any court of law,

  • It is in the public interest to do so,

  • It is necessary to protect our rights.

C. Security

BoB have set up technical and organizational security measures to safeguard your personal information. When using external service providers, we require that they adhere to the same security standards as BoB. Personal Information may be transferred to, or stored at, a location outside of your country of residence but regardless of where, we take all steps reasonably necessary to ensure that personal information is safe and secure. You acknowledge herewith that the Internet is an insecure form of communication and carries with it risks including the risk of access and interference by unauthorized third parties. We do not therefore accept responsibility or liability for the confidentiality, security or integrity of your Personal Information in connection with its transmission over the Internet.

D. Other Terms and Conditions

There are specific terms and conditions in our banking and product agreements that govern the collection, use and disclosure of your Personal Information which shall be read in conjunction with this Privacy Statement.

E. Retention

We retain your Personal Information for legal, regulatory, business and operational purposes.

F. Monitoring

With due regard to any law/legislation, we may record and monitor your electronic communications with us to ensure compliance with our legal and regulatory obligations and internal policies for the purposes outlined above.

G. Right of Access

Subject to applicable law, regulations and/or banking industry guidelines, you may have the right to request a copy of the Personal Information processed in relation to you however BoB may be allowed by law to charge a fee to avail you a copy of personal information.

H. Changes to this Policy

This Privacy Policy may be updated from time to time and should be reviewed regularly. We reserve the right to amend this privacy and security statement at any time. All amendments or updated final versions will be posted on the website. Unless otherwise stated, the current version shall supersede and replace all previous versions of this privacy and security statement policy.

I. Linked Websites

Our Policy does not apply to third-party websites where our online advertisements are displayed or to linked third-party websites not under our control.

J. Communications

We may use your personal or other information on new services or products that may be of interest to you and from time to time, mail, email or SMS information to you about us, our products and services. You are at liberty to contact us in case you do not wish to receive this information and we will remove you from our mailing list.

K. Storing personal information

Personal information we collect via the website is stored in a secure environment and is not available to any person outside the bank. Notwithstanding the above, you hereby acknowledge that the bank shall not be held liable for loss or any actions, complaints, disputes of any nature arising from loss thereof.

L. Our security practices

We are committed to providing secure online services. As such, all interactions with our transactional sites and electronic platforms are protected. Encryption is used to protect the transmission of your personal information when completing online application forms and sending the credentials. Access to information on these servers is restricted to authorized personnel only.

M. Privacy and security statements applying to specific online services

Different online services and BoB entities may have their own privacy and security policies because the nature of their service or products demands a deviation from our general policy. These specific policies will apply to and exclusively govern your use of the particular online service.

Terms & Conditions

You have requested online to register for BoB’s mBoB Services. Your request shall be accepted by BoB, subject to your confirmation and acceptance of the Terms and Conditions governing the usage and operations of the mBoB.

For your convenience, the key Terms and Conditions governing the usage and operations of mBoB are given below:

  • You can only use mBoB to transact in accounts which you are authorized to operate as a single signing authority.

  • You must follow the prescribed authentication procedures and security measures required for transactions.

  • You are responsible for all transactions carried out with your login ID and associated PINS. You, therefore, agree not to reveal your login/ transaction PINS to any other person (including other joint account holders and/ or beneficiaries) or entity through any medium

  • BoB is not responsible for any loss resulting from your violation of the terms and conditions and/or your non-compliance with the prescribed operating procedures. You also agree to indemnify BoB for any loss caused to the Bank by such violation.

  • You agree and confirm that you will not use mBoB for any illegal/ unauthorized purpose or in any manner inconsistent with the terms and conditions.

  • You understand, agree and confirm that BoB does not guarantee the successful completion of all transactions. BoB is not responsible for loss caused by delay, failure or non-availability of mBoB.

  • BoB reserves the right to apply nominal mBoB Service Charges and specify/ modify charges for various facilities/ transactions available in mBoB and to debit the charges to your account at periodic intervals.

  • BoB reserves the right to add, change and/or alter these Terms and Conditions governing the use and operation of mBoB whenever deemed necessary.

Please note that the Terms and Conditions mentioned above is only a brief summary of the key Terms and Conditions and the detailed document is available at here this is the ultimate reference document in case of any doubt/ dispute regarding the Terms and Conditions.