1. Offer BLAs loans against their fixed deposits at a slightly higher interest rate than the fixed deposit account interest rate.
2. - Avail loan against your Ngultrum fixed deposits, to overcome immediate financial needs
3. - Max loan amount: Upto 90% of the FD


4. 50 basis points above the fixed deposit rate
5. Extend Home loans to BLAs at a lower interest rate than prevailing rates levied by the Financial Service Providers. (To be facilitated upon securing the borrower’s equity and monthly payment portion in FC inward remittances)
6. - For NRBs intending to construct/ purchase/repair house/apartment for one unit personal dwelling in Bhutan
7. - Max loan amount: Nu. 10 million
8. - Max tenure: 30 years
9. - Repayment from inward remittance
10. 50 basis points lower than regular home loans Current interest rates:


11. - Fixed: 10.5% p.a
12. - Floating: 8.5% p.a
13. For further information, please contact blacredit@bnb.bt

1. Offer BLAs loans against their fixed deposits at 1% interest higher than the fixed deposit account interest rate.
2. Continue granting loans for Visa processing, Education, and housing to BLAs.

   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 BLA account opening documents from abroad to T Bank Ltd.

• Contribution Amount: Nu. 375 – Nu. 25,000 (USD 5 – USD 333).
• Return: Based on the profit earned after investment and declared by the company Board.

• Return: 6.5% p.a.

• Contribution Amount: Nu. 375 – Nu. 25,000 (USD 5 – USD 333).
• Return: Based on the profit earned after investment and declared by the company Board.

• Return: 6.5% p.a.

Investment policy with higher returns plus risk coverage.

CONDITIONS
- Age at entry: 18 to 60 years
- Term: 5/10 years
- Sum Assured: Nu 10,000 to no limit
- SA discount of 1% above Nu. 500,000
- Single premium discount of 0.25% for SA above nu. 500,000

BENEFIT OF THE POLICY
- Maturity Benefit: SA+GA @70 per thousand
- Death Benefit: SA + Refund of 150% of paid premium
- Loan available
- Surrender: 75% of premium already paid
- Disability benefit: Nu.20,000 premium waiver (per person)
- 50% Tax Benefit
*SA- Sum Assured, GA-Guaranteed Addition

REQUIRED DOCUMENTS
1) CID copy
2) Fill-up Proposal form (Go to life insurance and fill up the TEN-SAI MANGUL NGENCHOEL-I (TMN-I) Form)
3) Review sheet (Go to life insurance and fill up the Review Sheet under Download Forms)
4) Send the scanned copy of the document to: contactus@ricb.bt

Planning in advance for children’s education

CONDITIONS
- Proposer’s entry 20-50 years
- Child’s entry 0-10 years
- Term of Policy till child’s age 23 years
- SA Nu 30,000 to Nu 1,000,000 per policy
- Premium Payable till Child’s age is 18 years

BENEFITS:
- 20% of sum assured on the attainment of age 18 years
- 20% of sum assured on the attainment of age 19 years
- 20% of sum assured on the attainment of 20 years
- 20% of sum assured on the attainment of 21 years
- 20% of sum assured on the attainment of 22 years
- Guaranteed Additions of 60/1000 on the attainment of 23 years

BENEFIT OF THE POLICY (Proposer demise)
- 20% of SA on the time of proposer’s demise
- Premium payment will be waived (Policy remains in full force)
- 20% of SA payable from 18-22 years as per policy feature (5 times)
- Guaranteed Additions paid on age 23 years

BENEFIT OF THE POLICY (Child demise)
- Refund of premiums, if child’s age is below 7 years
- SA + GA , if child’s age is 7 years or more

OTHER BENEFITS
- Disability benefit: Nu.20,000 premium waiver (per policyholder)
- 50% Tax Benefit

REQUIRED DOCUMENTS
1) CID copy of proposer
2) Health card copy
3) Fill-up Proposal form (Go to life insurance and fill up the Millennium Education New Version Proposal Form)
4) Review sheet (Go to life insurance and fill up the Review Sheet under Download Forms)
5) Send the scanned copy of the document to: contactus@ricb.bt

To encourage Savings with high-risk coverage. Gives cash when needed the most

CONDITIONS
- Entry age 18 to 55 years
- Terms of the policy: 15,20,25 years
- SA: Nu 30,000 to Nu 1,000,000

15 YEARS TERM:
- 30% of the SA on the 4 th year of the policy
- 30% of the SA on the 8th year of the policy
- 40% of the SA on the 12th year of the policy
- 3 years free risk cover with bonus on 15th years.

20 YEARS TERM:
- 25% of the SA on the 4th year of the policy
- 25% of the SA on the 8th year of the policy
- 25% of the SA on the 12th year of the policy
- 25% of the SA on the 15th year of the policy
- 5 years free risk cover with bonus on 20th years.

25 YEARS TERM:
- 20% of the SA on the 4th year of the policy
- 20% of the SA on the 8th year of the policy
- 20% of the SA on the 12th year of the policy
- 20% of the SA on the 15th year of the policy
- 20% of the SA on the 18th year of the policy
- 7 years free risk cover with bonus on 25th years.

BENEFIT OF THE POLICY
- Death benefit: SA+ Refund of premiums+ Accrued Bonus (without deducting survival benefits if taken earlier)
- Disability benefit: Nu.20,000 premium waiver (per policyholder)
- 50% Tax Benefit
- If Accident Benefit taken: SA+SA+ Refund of premiums + Accrued Bonus (without deducting survival benefits if taken earlier)

REQUIRED DOCUMENTS
1) CID copy of proposer
2) Fill-up Proposal form (Go to www.ricb.bt>Help>Download forms>Life Insurance forms> Money Back Policy Proposal Form)
3) Review sheet (Go to www.ricb.bt>Help> Download forms>Life Insurance forms>Other forms>Review sheet)
4) Send the scanned copy of the document to: contactus@ricb.bt

Pays twice: On maturity and Death

CONDITIONS
- Age entry 18 to 55 years
- Term 5 to 52 years
- SA Nu 50,000 to Nu 500,000
- Loan can be availed

BENEFIT OF THE POLICY
- Maturity Benefit: SA + Bonus
- Death Benefit during policy period: SA + Bonus
- Death Benefit after policy period: SA
- Disability benefit: Nu.20,000 premium waiver (per policyholder)
- 50% Tax Benefit
Note: Risk Coverage till age 97 years

REQUIRED DOCUMENTS
1) CID copy of proposer
2) Fill-up Proposal form (Go to life insurance and fill up the Gaki Pelzom Life Policy Proposal Form)
3) Review sheet (Go to life insurance and fill up the Review sheet)
4) Send the scanned copy of the document to: contactus@ricb.bt