BoB opens 52nd branch office in Dorokha

Business News

The Dorokha branch office will render services like any other branch office of BoB

As part of taking banking services to rural areas, Bank of Bhutan (BoB) opened a new branch office at Dorokha in Samtse yesterday, taking the total network of branches to 52 including 12 extension counters.

With the opening of Dorokha branch office, residents need not travel to Samtse to avail banking services anymore. It’s hoped that the branch office will benefit the farmers, civil servants and businesses in the area.

Like any other BoB branch office, the functions of the Dorokha branch office will be to provide services like withdrawals, accept both demand and timely deposits, opening/closing of new current account/savings account/recurring account/fixed deposit.

The bank will also provide information on loans and services and accept loan applications from clients. Collection and clearing of cheques, providing various cards such as ATM cards, debit cards, and registering for other alternate delivery channels such SMS BoB, Internet Banking, SMS banking and chharo will also be provided by the bank.

Other services include executing standing instruction for rent payments, insurance premium, transferring EMI to loan accounts and other deposit accounts and also acceptance and sanctioning of loans.

The branch will remain open six days a week (half day on Saturdays).

Meanwhile, BoB has been promoting financial inclusion in the country by establishing a wide network of agents under the brand “BoB connect” who provide basic banking services. It also has a full-fledged branch office in every Dzongkhag.

According to BoB, the opening of the latest branch in Dorokha is a testament to BoB’s commitment in providing efficient, reliable and trustworthy banking services to the people of Bhutan as it has been doing successfully for the past 50 years.

Established in 1968 through a Royal Charter, BoB is the oldest and largest bank in the ountry. The bank is owned by Druk Holding and Investments – the investment arm of the government and the State Bank of India, the largest public sector bank in India, in a 80:20 ratio.

Chencho Dema from Thimphu

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