Bank of India-FR

Announcements

Fixed deposits can be made for a minimum of 6 months and above. View More...

Bank of India, Paris also extends personal loans to French residents against FCNR deposits held in India. For further details please contact our credit team at 01.42.66.60.42 View More...

Service charges for remittances will be the same for all customers including Saral account holders. For remittances to other banks by NEFT/RTGS, applicable charges will be levied. View More...

The exchange rate for INR remittances is subject to change during the day as per the prevailing market conditions .For remittances above € 10.000, customers are requested to contact the remittance de View More...

We wish to inform our customers that Bank of India, Paris has stopped INR remittances by cash deposits w.e.f. 24.04.2017. Customers who wish to remit money to their accounts in India can do so eithe View More...

Remittence form

Exchange Rates

Remittance Up to 4499

BOI INR
87.50
BOI LKR

Remittance 4500-7000

BOI INR
87.60
BOI LKR

Remittance 7000-10000

BOI INR
87.70
BOI LKR

Remittance Above 10000

BOI INR
Contact branch
BOI LKR

Non Resident Indians (NRIs) and person of Indian Origin have two schemes for depositing their savings with Bank of India .

These are: -

Repatriable accounts

Foreign Currency Non Resident (FCNR) accounts
Non-Resident External (NRE) accounts, and,

The brief comparative features of the two schemes are :

PARTICULARS	FCNR	NRE
Who can open accounts	NRIs	NRIs
Joint accounts of two or more NRIs	Permitted	Permitted
Joint account with Residents	Not permitted	Not permitted
Nomination facility	Available	Available
Currency of account	USD, GBP, EUR, JPY,AUD,CAD	Indian Rupees
Repatriability	Principal and interest repatriable	Principal and interest repatriable
Type of account	Term deposits	Savings, Current and Term deposits
Period	12 months to 5 years	12 months to 10 years
Minimum amount	USD 1,500 GBP 1,000 EUR 2,000 JPY 50,000 AUD 1,000 CAD 1,000
Taxation (Indian taxes)	Exempt from income and wealth tax	Exempt from income and wealth tax
Liquidity	Easy pre-mature encashment facility	Easy pre-mature encashment facility
Automatic renewal facility (ARS)	Available on signing of ARS agreement	Available on signing of ARS agreement
Safe custody facility	Available on request; compulsory with ARS	Available on request; compulsory with ARSnt
Renewals	Deposit receipt to be submitted duly discharged within 14 days from date of maturity for retrospective renewal – alternatively renewal will be with simple interest from maturity date to renewal date	Deposit receipt to be submitted duly discharged within 14 days from date of maturity for retrospective renewal – alternatively renewal will be with simple interest from maturity date to renewal date

NRI Services

Announcements

Exchange Rates

Non Resident Indians (NRIs) and person of Indian Origin have two schemes for depositing their savings with Bank of India .

These are: -