Banking Procedure

a. Bank verifies again and process your NRBFC and/or NRBNC account.
b. If successful, you will receive an email notification confirming that your account has been created.
c. If you have chosen mobile and internet banking facilities you will receive a subsequent email with the details.
d. RMA will courier your international debit card and the PIN number separately.
e. If unsuccessful, you will receive an email notification with reasons for rejecting the application.

Products and Features

A Non-Resident Bhutanese can avail two types of accounts:
  i. Non-resident Bhutanese Foreign Currency Account (NRBFC)
  ii. Non-resident Bhutanese Ngultrum Account (NRBNC)
Under NRBFC, an individual can directly deposit into his/her foreign currency account. Similarly, an individual can also convert any foreign currency into Ngultrum and deposit into his/her NRBNC account.

Account Opening Checklist

Please read the following conditions before proceeding with your Foreign Currency Account application:
If you do not have a deposit account, this application will provide you with one. You can choose any Savings or Fixed Deposit Account to be linked to your Foreign Currency Account.

You will need to fill an online form and submit along with the digital copy of the following documents:
1. Passport Copy;
2. CID Copy;
3. Passport size Photo of you;
4. Two Specimen Signatures; and

Along with the above mandatory documents, please enclose any one from the following documents:
  Letter from Bhutanese Embassy / Ministry of Labour & Human Resources / Armed Forces; or
  Letter from employer for employment abroad; or
  Letter from University/Educational Institution for education abroad; or
  Any supporting document for proof of residency abroad(phone bill/electricity bill/payslip,etc.).

Benefits

1. Park your foreign currency with our authorized banks in Bhutan.
2. Enjoy full repatriation of your funds.
3. Access your account through the internet and mobile banking facility from anywhere, any time.
4. Preferential interest on deposit.
5. No minimum balance required to open an account.
6. Issuance of international debit card to facilitate your transactions.
7. Enjoy strict confidentiality of accounts.
8. Enjoy other exclusive incentives.

Our Authorized Banks

Currency	Name & Address of Correspondent Banks	Intermediary Bank
US Dollar	Standard Chartered Bank New York USA SWIFT CODE: SCBLUS33 Beneficiary Bank's A/C No. 3582025135001 (USD)	NA
EURO	Deutsche Bank AG Frankfurt SWIFT CODE: DEUTDEFF	PUNJAB NATIONAL BANK (INTERNATIONAL) LTD A/C NUMBER: 100 9254889 00 (EURO) IBAN DE44500700100925488900 SWIFT CODE: PUNBGB22
Great Britain Pound	Natwest London Sort code      : 609500 SWIFT CODE: NWBK GB2L Beneficiary Bank's A/C No. 11000559 (GBP)	PUNJAB NATIONAL BANK (INTERNATIONAL) LTD A/C NUMBER: 39281612 (GBP) SWIFT CODE: PUNBGB22
Japanese Yen	Mizuho Corporate bank Ltd Tokyo Japan. SWIFT CODE: MHCBJPJT Beneficiary Bank's A/C No. 6967010 (JPY)	NA
Singapore Dollar	Standard Chartered Bank Ltd. Singapore SWIFT CODE: SCBLSGSG Beneficiary Bank's A/C No. 0102331847 (SGD)	NA

Beneficiary Bank Details
Druk PNB Bank Limited Thimphu Main Branch Post Box No. 502 Bhutan SWIFT CODE: PUNBBTBT

Contact Details
+975-2-324497/325936/339589 syeedzin@yahoo.com

Currency	Name & Address of Correspondent Banks	SWIFT Code	Account No
US Dollar	Bank of America, New York, USA	BOFAUS3N	6550691700
US Dollar	Standard Chartered Bank Ltd., New York, USA	SCBLUS33	358-202-171-9001
US Dollar	Standard Chartered Bank Ltd., Singapore	SCBLSGSG	01-7-005970-7
US Dollar	Standard Chartered Bank Ltd., Kathmandu, Nepal	SCBLNPKA	1185233751
US Dollar	Kasikornbank PCL, Bangkok, Thailand	KASITHBK	999214045
US Dollar	Export-Import Bank of Thailand, Bangkok, Thailand	EXTHTHBK	999-6-00369-0
US Dollar/ AMU	Janata Bank Ltd., Dhaka, Bangladesh	JANBBDDHJBD	JBD/LO/DLR/ACU/008
US Dollar/ AMU	Standard Bank Ltd., Dhaka, Bangladesh	SDBLBDDH102	43500393
US Dollar/ AMU	Bank Asia Ltd., Dhaka, Bangladesh	BALBBDDH008	843500289
Australian Dollar	Commonwealth Bank of Australia, Sydney, Australia	CTBAAU2SXXX	6796710002656
Euro	Standard Chartered Bank Ltd., Frankfurt, Germany	SCBLDEFX	18155200 IBAN-DE05512305000018155200
Euro	Commerzbank AG Frankfurt am Main Germany	COBADEFF	40087 5114100
Great Britain Pound	Standard Chartered Bank Ltd., London	SCBLGB2L	1706885901 IBAN-GB21SCBL60910417068859
Japanese Yen	Standard Chartered Bank Ltd., Tokyo, Japan	SCBLJPJT	2342855-1110
India Rupee	Bank of America Mumbai, India	BOFAIN4X	72816014
India Rupee	Axis Bank Ltd., Siliguri, India	AXISINBBUTIBINBB035	035-010200004879 035-010200012537
India Rupee	HDFC Bank Ltd., Siliguri, India	HDFCINBB	1510390000013
India Rupee	ICICI Bank Limited, Mumbai, India	ICICINBB	405026227
India Rupee	IDBI Bank Limited, Siliguri, India	IBKLINBB	182102000003711
India Rupee	Standard Chartered Bank Ltd., Mumbai, India	SCBLINBB	32205122969
India Rupee	State Bank of India, Hasimara, India	SBININBB	11128915605
India Rupee	State Bank of India, Siliguri, India	SBININBB	10364271723
India Rupee	IndusInd Bank, Mumbai, India	INDBINBB	0001-W81467-050

Beneficiary Bank Details
Bhutan National Bank Post Box No.439 GPO Building, Chang Lam, Thimphu, Bhutan SWIFT CODE:BNBTBTBT

Contact Details
+975-02-328577,32858 jashodanepaul@bnb.bt

Why Banking Channel?

1. Safe, Secure and Reliable Access.
2. Inculcate saving habits.
3. Reduce money laundering.

Benefits

1. Park your foreign currency with our authorized banks in Bhutan.
2. Enjoy full repatriation of your funds.
3. Access your account through the internet and mobile banking facility from anywhere, any time.
4. Preferential interest on deposit.
5. No minimum balance required to open an account.
6. Issuance of international debit card to facilitate your transactions.
7. Enjoy strict confidentiality of accounts.
8. Enjoy other exclusive incentives.

Advantages

1. One-stop Portal for opening a non-face-to-face account and remitting money to Bhutan
2. Easy & quick online opening of FC accounts.
3. Safe & reliable means of opening FC accounts online.
4. Simplicity of operation.

What?

A cash pickup is a way that the beneficiary of a currency exchange can access their money. They typically collect the funds, in cash, from a physical location, rather than having them paid into a bank account.

Why?

When a beneficiary does not want an international money transfer deposited to a bank account, many currency providers will allow you to designate a money transfer as a cash pickup. In these cases, the beneficiary simply goes to a designated location or store and shows a valid photo ID, together with the transfer reference number.
Cash pickup services can be very useful for the unbanked or underbanked, or if a bank charges fees for withdrawing cash from an account. Many currency providers either offer cash pickup directly from their stores, or from agents in partner networks. Cash pickup facilities do vary by region, so check with a currency provider to see the pickup services they provide.
Note that fees for cash pickup can be slightly higher than for transfer directly into a bank account.

1. Xpress Money - BOBL
2. Ria – BOBL
3. MoneyGram - BNBL
4. TPayRemit - TBank
5. Western Union - BhutanPost

What?

Mobile money is a technology that allows people to receive, store and spend money using a mobile phone.

Why?

A mobile money transfer is a fast, easy and secure transaction whereby a sender sends money from their bank, credit/debit card or own mobile money account to another mobile money account. For a transfer to take place - a recipient needs a mobile money account and the sender requires the recipient’s mobile money account number. Funds can then be transferred in an instant. Click here to find out more.

Currency	Name & Address of Correspondent Banks
INR	Axis Bank Ltd, Siliguri Branch, West Bengal, India IFSC Code : UTIB0000035 SWIFT Code : AXISINBB Account No. : 910020017480903 of T Bank Ltd, TCC Complex, Thimphu
INR	State Bank of India, Hasimara Branch, West Bengal, India IFSC Code : SBIN0001447 SWIFT Code : SBININBB Account No.: 31772947757 of T Bank Ltd, TCC Complex, Thimphu
INR	HDFC Bank, Mumbai Branch, Mumbai, India IFSC Code : HDFC0000060 SWIFT Code : HDFCINBB Account No. : 00600390000657 of T Bank Ltd, TCC Complex, Thimphu
INR/NPR	Himalayan Bank Ltd, Main Branch Kathmandu, Nepal SWIFT Code : HIMANPKA Account No. : 01004372360029 of T Bank Ltd, TCC Complex, Thimphu
USD	Standard Chartered Bank, New York, USA SWIFT Code : SCBLUS33 Account No. : 3582025720001 of T Bank Ltd, TCC Complex, Thimphu; Swift Code: TBBTBTBT

Beneficiary Bank Details
T Bank's Intermediary Bank details	Standard Chartered Bank, New York, USA SWIFT Code: SCBLUS33 ABA Routing No: 026002561
Beneficiary Details	Account No 3582-025720-001 of T Bank Ltd Thimphu, Bhutan SWIFT CODE: TBBTBTBT
Ultimate beneficiary detail	Account No, ---------of-----------, with T Bank Ltd

Contact Details
+975 77103077 or 02-337283 kinley.tshering@tbank.bt

   Salient Features

• FC account in USD shall be in the form of a demand deposit (CASA);
• No fees or charges for inward remittances to FC account;
• Turnaround time for fund transfer via SWIFT is T+1;
• No minimum and maximum balance requirement;
• No restriction on number of withdrawals;
• Cheque book facility available;
• Internet banking & SMS banking facilities;
• T Bank shall reimburse the cost of postal/courier charges towards sending the NRB account opening documents from abroad to T Bank Ltd.

Currency	Name & Address of Correspondent Banks
US Dollar	Standard Chartered Bank One Madison Avenue New York, N.Y 10010-3603 SWIFT CODE: SCBLUS33 CHIPS ABA 0256 FEDWIRE ROUTING NO. 026002561 Beneficiary Bank's A/C No. 3582036853001 (USD)
EURO	Standard Chartered Bank (Germany) GMBH, Franklinstrasse, 46-48 60486 Frankfurt Germany SWIFT CODE: SCBLDEFX Beneficiary Bank's A/C No. 01-8074 503 (EURO) IBAN No. DE 10512305000018074503
Great Britain Pound	The Standard Chartered Bank 37 Grace Church Street, London EC3V OBX London SWIFT CODE: SCBLGB2L Beneficiary Bank's A/C No. 0001-804204-01 (GBP) IBAN No. GB21 SCBL …0001 804204 01
Swiss Franc	Credit Suisse, Postfatch No.8021 Zurich Switzerland SWIFT CODE: COBADEFF Beneficiary Bank's A/C No. 992400-03 (CHF)
Singapore Dollar	Standard Chartered Bank Ltd. 6 Battery Road Branch Singapore-0104 Singapore SWIFT CODE: SCBLSGSG Beneficiary Bank's A/C No. 01-09301311-9 (SGD)
Danish Kroner	Danske Bank As Copenhagen Denmark SWIFT CODE: DABAADKKK
Japanese Yen	Standard Chartered Bank Tokyo Japan SWIFT CODE: SCBLJPJT Beneficiary Bank's A/C No. 2345609-1110 (JPY)
Indian Rupee	Standard Chartered Bank Kolkata SWIFT CODE: SCBLINBBCAL Beneficiary Bank's A/C No. 322050193086 (INR)

Beneficiary Bank Details
Bank of Bhutan Limited Thimphu Main Branch Post Box No. 102 Bhutan SWIFT CODE: BHUBBTBT022

Contact Details
(+975): 02-33433 lhakey.choden@bob.bt

What?

A digital wallet (or e-wallet) is a software-based system that securely stores users' payment information and passwords for numerous payment methods and websites. By using a digital wallet, users can complete purchases easily and quickly with near-field communications technology. They can also create stronger passwords without worrying about whether they will be able to remember them later.

Why?

Digital wallets do not require a bank account with a physical firm or branch, often allowing those in more rural areas to connect.
Digital wallets allow many in developing nations to participate more fully in the global financial system. Digital wallets allow participants to accept payments for services rendered, as well as receive funds or remittances from friends and family in other nations.