Caution

If you receive any calls (except from BoB Contact Center when you have lodged a concern with them +975 2 349903), SMS and Email asking for personal details such as Account number or ATM Card number, please do not share. Bank of Bhutan will never ask for personal details of clients. It’s all spam.

Notification on ATM Withdrawal Charge

All customers are requested to note that cash withdrawals from other bank’s ATM machines are chargeable @Nu 9/- per withdrawal transaction from the sixth transaction onwards, and is recovered at each month end. This is a common charge across banks and as mandated by the Central Bank.

Eligibility

All Bhutanese Individuals residing in Bhutan are eligible to open Foreign Currency Account -I in any Convertible Currencies.

i. Permissible Credits: 

  • Foreign Currency Cash Deposit
  • Inward Remittances or income by way of remuneration earned in FC
  • Interest earned on deposits
  • any inflows approved by RMA

ii. Permissible Debits

  • Cash withdrawal of USD 3000 or equivalent in foreign exchange per travel to third countries/India;
  • Current transactions, (excluding payment for import of goods) are permissible as per the Foreign Exchange Rules & Regulations (FERR) upon production of supporting invoice, and validation of repeat debit transactions may be facilitated without supporting documents.
  • Conversion to Ngultrum by transfer to any BTN CASA accounts
  • Permissible to send monthly Student Living Allowances to your family members pursuing studies abroad  – USD 4800 per month (Third Countries)   INR 100,000 per month (India)

iii. Delivery Channel Facilities

  • mBoB
  • Retail Internet Banking

iv. Checklist to open account:

  • CID copy
  • 2 Passport sized photographs
  • a legal stamp
  • Retail account opening Form