འབྲུག་གོང་འཕེལ་དངུལ་ཁང་།།

Bhutan Development Bank Ltd

Your Development Partner Since 1989

Banking Hours

Monday - Friday : 9:00AM to 4:00PM

Saturday : 9:00AM to 11:00AM

Base Rate

Base Rate @ 10.67%

Retail Banking

  1. Fixed Deposit
  2. Recurring Deposit
  3. Savings
  4. Rural Saving Scheme
  5. Pro-Education Fixed Deposit
  6. Pro-Education Recurring Deposit
  7. Pro-Education Savings Deposit
  8. Reinvestment Recurring Deposit
  9. Senior Citizen Fixed Deposit
  10. Steady Income Plan
Please contact our nearest branch office or call toll free # 142 at Head Office, Thimphu for details.

  • Should produce CID both for opening account and for withdrawal. If CID is not produced, a copy of recent passport size photo to be produced.
  • Minimum amount to open the account is Nu. 1,000 and maximum limit is Nu. 1 million.
  • BDBL staff should inform the customers at least 14 days before the maturity date.
  • Customers should withdraw/renew the account within 30 days from the maturity date failing which the amount shall be automatically renewed for the same terms and conditions.
  • Withdrawal is allowed only at the end of the pre-agreed period. Early withdrawal is allowed 6 months and only normal saving (Demand Deposit) interest rate shall be applied.
  • Interest rate on fixed deposit is subject to change depending on the market conditions and the customers shall be notified about the change through media.

  • Should produce CID both for opening account and for withdrawal. Should produce CID both for opening account and for withdrawal. If CID is not produced, a copy of recent passport size photo to be produced. Deposit frequency can be monthly or quarterly but there cannot be inter change of frequencies from monthly to quarterly and vice-versa without closing the present account.
  • Early settlement of account (Closing the accounts prematurely) is allowed but customers will have to sacrifice certain interest portions.
  • No interest shall be paid if early settlement is done less than 6 months of opening the accounts.
  • Bonus on maturity @ 2% of maturity value shall be paid if the deposits installments are paid regularly. Bonuses will not be paid if customers delay deposit installments by 3 times.
  • Deposit installment for any calendar month/quarter should be paid on or before the last working day of the month/quarter, failing which penalty @ 1% shall be imposed on the installment in arrears. The penalty shall be recovered from the total amount payable at the end of maturity period/ at the time of early settlement of accounts.
  • BDBLL reserves the right to convert the recurring deposit account into demand deposit account if the customers fail to pay three consecutive installments.
  • BDBLL staff should inform the customers at least 14 days before the maturity date.
  • Customers should close account within 30 days from the maturity date failing which the entire money shall be transferred into the demand deposit account of the customers.

  • Should produce CID both for opening account and for withdrawal. If CID is not produced, a copy of recent passport size photo to be produced.
  • Minimum amount for opening the account is Nu. 100 and no maximum limit.
  • Withdrawal can be made during any working days both from the branch office as well as from the field during mobile banking days.
  • If the account is dormant for 12 months from the last transaction date, the interest accrual of the account shall be suspended and the customer shall be notified with a request to activate the account.
  • If the customer fails to initiate transaction and activate the account within 12 months from the date of interest suspension, the whole saving balance as of date shall be forfeited and transferred to “Other Income” account of BDBL

Objectives

The Rural Saving Scheme supports the development of the commercial, agricultural and industrial sector of Bhutan. This Saving Scheme provides a strong capital base for BDBL’s long-term financial viability. BDBL shall therefore mobilize savings to expand the Corporation’s pool of lending funds to lessen dependence on foreign donors, borrowings and government grants.

Purpose

BDBL shall use this Saving Scheme for the following purposes:
  • Use savings as partial collateral coverage for loans.
  • To offset arrears payments and default cases.
  • As a basis to judge earning and savings capacity and financial discipline of a potential borrower.

Purpose

This deposit scheme is intended to provide the customers (parents/guardians/children) with an opportunity to build up their savings through regular deposits of fixed sums over a fixed period of time for meeting educational expenses. This scheme is eligible to guardians/parents of would be school going as well as school going children. School here includes monastic school as well.

Documents

For account holder
  • A copy of citizenship ID card and 2 copies of recently taken passport sized photo for Bhutanese;
  • A copy of valid passport and a 2 copies of recently taken passport sized photo non Bhutanese and
  • Signature/thumb impression specimen
For nominees
  • Recently taken passport sized photo for Bhutanese and
  • A copy of valid passport and a recently taken passport sized photo for non Bhutanese.
  • A copy school identity card/academic certificate
  • A health card copy in case the child is not yet enrolled in school

As per the research findings most loans are utilized towards meeting expenses of the children’s education. Likewise, most parents generally save or invest in securities either for children’s education or for building assets for the children. Since children are the central focus for everything that parents do, the “Children’s Education Deposit scheme” is introduced to help the parents particularly in meeting educational expenses of their children.

Purpose

This deposit scheme is to encourage the habit of savings and thrift among the parents and expected to provide conveniences, liquidity and security and cover them during uncertainties and emergencies.

Documents

For account holder
  • A copy of citizenship ID card and 2 copies of recently taken passport sized photo for Bhutanese and
  • A copy of valid passport and a 2 copies of recently taken passport sized photo non Bhutanese.
For nominees
  • Recently taken passport sized photo for Bhutanese and
  • A copy of valid passport and a recently taken passport sized photo for non Bhutanese.
  • A copy school identity card/academic certificate

Purpose

This scheme is to make senior citizens who are nearing their retirement age or have retired from service to spend comfortable, independent and happy retired lives with the steady interest income paid under the scheme.

Eligibility criteria

  • Must have a valid citizenship identity card
  • Must have reached at least 50 years of age
  • Must not be mentally unsound
  • Must not be involved in any anti social activities including money laundering and works of extremism
  • The account holder must have a valid citizenship card/passport and must not have involved or support anti social activities.
  • The account holder must not be mentally unsound. If the retiree is mentally unsound or physically or visually impaired, the account can be opened and operated by a sound guardian/son/daughter.
  • Names of nominees should be mentioned in the deposit application form. If the account holder is the guardian (only if the retiree is mentally unsound or physically or visually impaired), nominee should be the retiree.

Documents

For account holder
  • A copy of citizenship ID card and 2 copies of recently taken passport sized photo for Bhutanese and
  • A copy of valid passport and a 2 copies of recently taken passport sized photo non Bhutanese.
For nominees
  • Recently taken passport sized photo for Bhutanese and
  • A copy of valid passport and a recently taken passport sized photo for non Bhutanese.

This scheme is both for individuals as well as corporate entities. For individuals the target customers are middle age groups, house wives, those nearing retirement age and retirees who wish to get steady income on a regular basis to meet their day to day expenses. For corporate or non personal entities the target customers are those wishing to keep in the custody of the banks their surplus fund but require steady incomes on a regular basis for their day to day operations such payment of salaries, utilities bill payments, rents.

Documents

Same as saving deposit scheme. GROUPED BDB offers various types of deposit products: Savings
  • Pro-Education Savings Deposit
  • Drinchen Ama Savings
Fixed Deposit
  • Pro-Education Fixed Deposit
  • Senior Citizen Fixed Deposit
  • Steady Income Plan
Recurring Deposit
  • Pro-Education Recurring Deposit
  • Reinvestment Recurring Deposit