The call account acts as a single account to route your money for investments made through HDFC Bank Bahrain. It allows you to manage your funds efficiently without losing interest while you wait for the right opportunity to invest.
Call deposit accounts can be opened by
Non Resident Indians
Individuals of other countries (Foreign nationals) #
Corporate / Minor / Jointly
#(Client is required to verify the local applicable rules and regulations for investments in offshore products)
i. Individuals (Persons resident outside Bahrain)
Account opening form
Photocopy of passport
Photocopy of valid visa / work permit / residence card
Address proof
Electricity bill
Telephone bill
Bank account statement
Valid Identity card
Government Issued for Self employed and Salaried
Issued by company for salaried
One Photograph
Client profiler
Supporting income documents if investments exceed USD 100,000
All documents are required to be self attested by you. Any identity card should be valid and in case of bank statements/bills, it should not be more than 3 months old.
ii. Corporates / partnership
Board resolution authorising the opening of account with HDFC Bank-Bahrain Branch
Certificate of Incorporation or registration (or similar document) (certified copy)
Memorandum and Articles of Association or other constitutive document (certified copy)
Licence or registration certificate from any other relevant regulatory authority (certified copy)
Certificate of Good Standing (or similar document)
Audited annual accounts for the past two years
Documents confirming signature authority for account opening and operating signatories (Resolutions by the Shareholders or the Board, Power of Attorney (certified copy)
Passport copy of each authorised signatory (certified copy)
National identity of each authorised signatory (certified copy) or in case of bank statements / bills, they should not be more than 3 months old.
List of principal beneficial owner(s) (persons or entities holding more than 5%, directly or indirectly, or having effective control over the company’s assets) and passport copy for each beneficial owner (certified copy)
Proof of address of the Company – latest electricity bill (certified copy)
Photograph of authorized signatories
iii. Existing customers of HDFC Bank India An existing customer of HDFC Bank, India is considered as a new customer for HDFC Bank, Bahrain; hence is required to submit all documents as mentioned above.
iv. Existing customers of HDFC Bank Bahrain Duly filled Service request form
A cheque book is not issued on the call account.
Call Accounts are non-interest-bearing accounts.
There is no minimum amount required to open the call account
You don't need to maintain any balance in the call account. It’s a zero balance account.
United States Dollar (USD)
Great Britain Pound (GBP)
Euro (EUR)
Australian Dollar (AUD)
Canadian Dollar (CAD)
Arab Emirates Dirham (AED)
Japanese Yen (JPY)
Singapore Dollar (SGD)
Swiss Franc (CHF)
No overdraft / negative balance is allowed in a call account.
Foreign currency cheque /draft from your account held in other banks
Telegraphic / SWIFT transfers by debit to your account held in other banks
Redemption proceeds of your investments with other Financial institutions held in your name.
In case you are an NRI, then funds transfer from your existing NRE and FCNR account in India
Transfer to an investment product offered by HDFC Bank Bahrain
Transfer to Offshore Deposit offered by HDFC Bank Bahrain
SWIFT transfer to NRE/FCNR account maintained with HDFC Bank, India
SWIFT transfer to your account with any other Bank in the world
Foreign currency draft in your name
HDFC Bank Bahrain will send call account statement at a quarterly basis. You can also opt for receiving statements through email.
Please contact your relationship manager for modifying your account details.
Taxation laws applicable as per Bahrain law will be applied.
Debit transaction
Date on which HDFC Bank Bahrain receives clean documents for processing. Clean documents mean documents that are error/discrepant free. Documents may include account opening forms, investment documents etc.
Credit transaction
Depending upon the mode of remittance the value date will be as follows:
SWIFT transfer: Date on which the funds are credited to HDFC Bank Bahrain Nostro account.
Cheque / Demand draft: Date on which clear funds are realized by HDFC Bank Bahrain. Funds however will be credited in customers account only after a cooling period of 21 days from the date of deposit.
