What a wonderful way to begin yet another year! Unlike in the past, you can now do all transactions with a single BOB account from any branches in the country. Earlier the bank charged its customers half of TT charges when you deposit or withdraw money from branches where you do not have accounts. (TT charge: Nu. 2.5 for every Nu. 100,000/-, minimum being Nu.20/-)
For example, you have an account in BOB Lhuentse Branch. But you are here in Thimphu and you need some money. So, you go to BOB Thimphu Branch to withdraw some money from your account maintained at Lhuentse Branch. Until now you are liable to pay some charge. But come January 2012, the bank plans to do away with the charges. This is wonderful thing for the customers and would truly benefit Bhutanese who maintain accounts in the country’s biggest and oldest financial institution - Bank of Bhutan!
There would be a substantial income loss with the doing away of the charge, but it is definitely for the good and benefit of the general public. And therefore, with the wider and better branch network and with its constant effort to be in sync with the modern technologies, Bank of Bhutan hopes it would continue to hold onto a major portion of Bhutanese financial market share.
But seriously, it is a befitting New Year gift to all BOB customers! Congratulations!
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