Deposits > Baroda Current Account - NRE

Baroda Current Account - NRE

Baroda Current Account- NRE is a business account ideal for NRE firm, companies, institutions, and individuals etc., who need banking facility more frequently. This is one of the basic and flexible Deposit options, allowing transaction without limiting the numbers. Account can be opened in USD, AUD, NZD and EUR currency.


Key Features:
  • No Limit on number of transactions
  • Minimum Balance (Non Resident- Individuals):
    • USD-US$250, AUD-AU$500,
    • NZD-NZ$500, EUR- €250
  • Minimum Balance (Non Resident Firm/ Organisation):
    • USD- US$1000, AUD – AU$2000,
    • NZD – NZ$2000, EUR - €1000.
  • No Cheque Book Facility.
  • No minimum and maximum period.
  • Individual ( Singly or Jointly)
  • Sole Proprietorship Firm
  • Partnership firm
  • Limited Companies
  • Co-operative Societies
  • Charitable or Public Trusts

How to open account
The account can be opened in any of the branches of Bank of Baroda in Fiji by submitting following documents:
  1. Duly Filled Account Opening Form.
  2. Identification Documents in support for verification of Customers’ (Legal Entities) in respect of following Details.
a. Name of Customer b. Legal Form of entry c. Date of Registration
d. Business Address e. Name of Principal Owners / Share Holders
f. Names of persons controlling the entity (other than owners or share holders)
g. Tax Identification Number (TIN) issued to the entity by FRCA
  1. One Passport size photograph and identification documents of Owners, Controlling persons and authorised signatories.
  2. Current and valid passport or any travel document issued by a foreign government or recognised international organisation.
  3. Current and valid work, business or other permit or visa issued by the Fiji Immigration Department.

Additional Information
  •  The account will be classified to Dormant if there is no customer induced transactions in the account for 12 months. Once the account is classified as dormant the customer induced transactions in the account are allowed on submission of written request by the customer to the branch where account is maintained.
  • For Clarification or any other information please contact any of our branches in Fiji.
  • No interest is payable
  • Terms and Conditions apply

Fees and Charges

Minimum Operating Balance Fees
2.00 FC per month
(Balance below minium requirement)
FC refers to the foreign currency in which account is maintained
Withdrawal Fees
Free
Issue of Audit Certificate
10.00 FC * per Certificate
(FC refers to the foreign currency in which account is maintained.)
 
Search Fees
$10.00 minimum, subsequent $10.00 per hour
Duplicate Statement Fees
$5 per statement
Inward Credit by TT / DD/ TC
$10.00 per instrument
Issuance of DD
$10.00 per DD plus Stamp Duty
Issuance of TT
$25 per TT plus
Stamp Duty

© 2020 Bank of Baroda, Fiji Territory, GPO. Box.57, Suva, Fiji Islands.