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IBU GIFT CITY
Indonesia
About Us
Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks.
Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalized banks.
The Bank has over 5100+ branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 69 Zonal Offices and 13 FGMO Offices. There are 47 branches/ offices abroad which includes 22 own branches including IBU Gift City at Gandhinagar Gujarat, 1 representative office and 4 Subsidiaries (23 branches) and 1 joint venture.
The bank has opened its wholly owned subsidiary, BOI (New Zealand) Limited, which is a registered bank. BOINZ has a capital base of 50 million and has been rated by Fitch Ratings at BBB- /Stable. BOI has provided unconditional parental guarantee to satisfy all the liabilities of BOINZ.
BOINZ provides a range of retail and commercial banking services including savings / current / term deposits and loan products viz personal / mortgage / home and various business and commercial loans. We also offer free and fast INR remittance facility for our savings / high value customers. Presently BOINZ has two branches located at 10, Manukau Road, Epsom, Auckland – 1023 and 31 East Tamaki Road, Papatoetoe – 2025.
OUR EXCHANGE RATE
- We highly encourage our customers to use electronic means of communication such as email/phone to avail our services for both our branches.
- In adherence with the AML/CFT Act 2009, we may request additional information from you in relation to remittance & other services to update our records from time to time.
