CLOSURE OF BANKING OPERATIONS IN SOUTH AFRICA
The Bank of Baroda wishes to inform valued customers and general public that in view of the Bank’s strategic plan for rationalization of the branches in international markets, the Management of the Bank has decided to cease the banking operations in South Africa territory.
The branch will stop taking new / incremental deposits and disbursing loans with effect from 1st March 2018. Further it will cease to operate and conduct the business of a Bank with effect from 31st March 2018.
Customers are requested to contact their branches by 1st March 2018 for settlement of their accounts along with latest KYC documents.
A copy of this notice is also displayed on our website www.bankofbaroda.co.za.
Individual notices are being sent to depositors and borrowers separately.
The Bank of Baroda is committed to support its customers and employees through the transition and ensure least possible disruption. We apologise for any inconvenience caused and thank you for your understanding and continued support during this period.