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.

Recurring deposit is a disciplined approach to savings for accumulating a larger sum for any specific purpose. A customer can have only one Recurring Deposit Plus account in his name or in the joint names with others.

AMOUNT LIMIT

  • Minimum Installment for opening Recurring Deposit is Nu. 100
  • Maximum Installment for opening Recurring Deposit is Nu. 10,000

TENURE

  • Minimum 1 year
  • Maximum 20 years

LOAN FACILITY

Customers can avail loan against Recurring Deposit Plus.

DEFAULT PAYMENTS

1% of the installment for each defaulted month.

PREMATURE WITHDRAWAL

Recurring Deposit Plus can be broken before the maturity date. The interest rate will be 1 % less than the applicable rate of interest the RD has been kept with the Bank. However, if the RD is closed before 3 months, the customer will not be eligible for interest.

REQUIRED DOCUMENTS

EligibilityDocuments required
For Individual AccountCopy of a valid Passport / Citizenship ID Card
Two Passport sized photographs Legal stamp
For Non-Bhutanese IndividualsWork Permit copy
Passport copy
Legal stamp
Two Passport sized photographs
For Minor AccountPhotocopy of a valid Passport / Citizenship ID Card of parents or guardian
Two Passport sized photographs of the Guardian
Minor’s Health Card