Bank of India HK Interest Rate - 2018-2019 StudyChaCha

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Old December 15th, 2016, 02:25 PM
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Default Bank of India HK Interest Rate

Can you tell me about the Interest Rate incurred on Deposits in Bank of India in HK (Honk Kong) as I am planning to apply for Loan in it?
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Old December 15th, 2016, 03:13 PM
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Default Re: Bank of India HK Interest Rate

The Bank of India in HK (Honk Kong) has its presence in Hong Kong since 1960. It is one of the leading India based banks operating in Hong Kong. It has opened its Branch in Shenzhen-China on 03-11-2006. It has opened its Representative Office in Beijing-China on 22-05-2006.

It offers following expert services:

Multi Currency deposits at very attractive interest rates with full conversion facility at no extra cost.

Well equipped active dealing room.

Attractive return on NRI deposits

Fastest and safest remittance facility

Forex trading in all major currencies

Loans and advances at very competitive rates of Interest

Syndication of Loans and correspondent banking

Negotiations, Confirmations of L/Cs and Guarantees

Offer continuous cash counter services between 10:00 a.m. to 4:00 p.m. both at Hong Kong and Kowloon branches which are inter connected with full infrastructure.

Tailor made credit products meeting the needs of varied clientele base.

Our Branch at Shenzhen & Representative Office at Beijing offer Market Survey, Consultancy and liasioning services.

Interest Rate on Deposit

Interest Rates (Indicative)

Period HKD (Above USD (Above GBP EUR
500,000) 100,000)

Saving 0.2 - - -

1 WEEK 0.2 0.2 0.35 0.2

1 MONTH 0.5 0.75 0.9 0.75

2 MONTHS 0.6 1 1.15 1

3 MONTHS 1 1.25 1.4 1.2

6 MONTHS 1.25 1.75 1.9 1.55

1 YEAR 2 2.25 2.4 1.85

Foreign Exchange Rates in Hong Kong Dollars

Exchange Rates

Currency Unit Bank Buy Bank Sell

USD 1 7.74352 7.7595
GBP 1 12.36 12.52
CHF 1 8.21 8.38
JPY 100 9.9 10.03
SGD 1 6.26 6.36
AUD 1 7.86 8.01
INR 100 -- 14.98
EUR 1 9.99 10.14
Answered By StudyChaCha Member
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