Foreign Exchange Facility

The Bank renders Forex Serivces under A.D. - Category-II

The Money Transfer business in accordance with Memorandum AMC issued vide A.P. (DIR Series) Circular No. 43/A.P. (FL Series) Circular No.1 dated November 12, 2002. To release remit foreign exchange for the following transactions in terms of A.P. (DIR Series) Circular No. 25/A.P. (FL Series) Circular No.02 dated March 6, 2006:-

Customers can avail the Foreign Exchange services for the following activities:

  • Private Visits.
  • Remittance by tour operators/travel agents to overseas agents/principals/hotels.
  • Business Travels.
  • Fees for participation in global conferences and specialized training.
  • Remittance for participation in international events / competitions (towards training, sponsorship and prize money).
  • Film shooting.
  • Medical Treatment abroad,
  • Disbursement of crew wages.
  • Overseas Education.
  • Remittance under educational tie up arrangements with universities abroad.
  • Remittance towards fees for examinations held in India and abroad and additional score sheets for GRE, TOEFL etc.,
  • Employment and processing, assessment fees for overseas job applications.
  • Emigration and Emigration Consultancy Fees.
  • Skills / credential assessment fees for intending migrants.
  • Visa fees.
  • Processing fees for registration of documents as required by the Portuguese / other Governments,
  • Registration / Subscription / Membership fees to International Organizations.

For further information, please contact the Foreign Exchange Officer on +91-40-23437100 (Ext: 85 & 86) or through mail: ,

Basic Savings


No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities



The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.