I wish you and your family a very happy and prosperous new year.

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1 January 2015 Dear NRI fraternity, I wish you and your family a very happy and prosperous new year. We thank you for your overwhelming response to our previous newsletter, in which we had apprised you of the salient features of NRO Account. Now it gives me a great pleasure in bringing you this edition of newsletter on our Remittance Products for NRIs at a time when India is celebrating 100 years of Mahatma Gandhiji s return ( ) from South Africa to lead India s freedom struggle. It is estimated that approximately 35 Million NRIs/PIOs reside outside India. Indian Diaspora is geographically diversified, spread in as many as 110 countries. When it comes to remitting their money for family maintenance and investment, they are in dilemma in selecting the correct product. Bank of Baroda is having host of remittance products at cheaper cost. To facilitate for your easy understanding and selecting the correct product, we are providing the details of our various remittance products and its salient features. We solicit your feedback and suggestions, which will help us in understanding your needs better and align our products and services as per your requirements. With warm regards, (Prabhat Agarwal) General Manager (Deposit Resources, Wealth Management, Marketing & NRI Services)

2 January 2015, Page 1 1. Rapid Fund 2 India This product used to send remittances in Rupees to India through our branches present in 24 overseas countries In-house online money transfer facility Speedy, cost-effective and reliable service Instant credit to s account with Bank of Baroda s over CBS enabled branches Same day/ within 24 hour credit to the /s account with branches of other banks through RTGS/ NEFT Money transfer without any threshold amount Neither remitter nor needs to have account with us NRIs desirous to use the above facility can approach any of our overseas branches and tender local currency of the country or any convertible currencies along with relevant application & ID proof. 2. SWIFT Remittance This product can be used by NRIs to send money to India from any country, any bank and in any convertible currencies. SWIFT is a fast and secured mode of funds transfer facility Facility is available at all our overseas branches. Even customers of other bank can remit to our bank branches through their bank Beneficiary need not have account with us For detail list of correspondents of our banks, please contact any of our branches or log on to our website Process involved in Swift remittance NRI instructs his bank to debit his a/c and send money to a/c NRI s bank debits his a/c and instructs his correspondent bank to credit banks nostro a/c Correspondent bank credits Nostro A/c of the bank Benef.bank verifies nostro a/c on receipt of swift message from sending bank & credits to a/c

3 January 2015, Page 2 Details required by your banker for swift remittance Swift Swift Field Particulars 56 Intermediary Institution Field 57 Account with Institution 59 Beneficiary Customer A/c 70 Remittance Information 72 Sender to Receiver Information Details to be furnished Credit to Bank of Baroda A/c Swift Code (Select A/c No. and Swift code of our correspondent depending upon the currency you want to remit as per the list provided hereunder) Swift code of AD branch (can be availed from our branch where you are maintaining the a/c) Beneficiary (14 digit A/c No., Name & Address) A/c with Bank of Baroda, Branch Purpose of remittance FCNR or F.CNR (use this field only for opening FCNR deposits as our bank charges are exempted for inward remittances for opening FCNR deposits) Our correspondent/intermediary bank details with Swift Codes for various currencies S Currenc Correspondent / Intermediary Account Number Swift Code No y Code Bank 1 USD Bank of Baroda, New York BARBUS33XXX 2 GBP Bank of Baroda, London BARBGB2LXXX 3 EUR Bank of Baroda, Brussels BARBBEBBXXX 4 AUD ANZ Bank ING Group, /00001 ANZBAU3MXXX Melbourne 5 CAD Bank of Montreal, Toronto BOFMCAT2XXX 6 JPY Wachovia Bank, Tokyo PNBPJPJXXXX 7 NZD Bank of Baroda, New Zealand BARBNZ2AXXX 8 SGD Chase Manhattan Bank, CHASSGSGXXX Singapore 9 CHF Society Generale Paris, Zurich Branch SGABCHZZXXX 10 SAR Saudi British Bank, Riyadh SABBSARIXXX 11 AED Bank of Baroda, Dubai BARBAEADXXX Remittances for opening FCNR deposits in USD, GBP and EUR currencies, please use the following a/c numbers and other details like Bank and Swift Code will remain the same as above. S. Currency Code Account Number No 1 USD GBP EUR

4 January 2015, Page 3 3. Remittance Products under MTSS Under tie up arrangement with Western Union and UAE Exchange, Bank is offering money transfer services under brand names Western Union (WU), Xpress Money (UAE Exchange) and MoneyGram (UAE Exchange) It is basically a person to person payment remitted for personal use in INR or family maintenance of the resident beneficiaries in India or any foreign national tourist visiting India Donations/contributions to charitable institutions/trusts, trade related remittances, remittance towards purchase of property, investments or credit to NRE accounts shall not be made through this arrangement A cap of maximum USD 2500 (in equivalent INR) per transaction and maximum 30 remittances to a single individual during a calendar year A remitter desirous of remitting funds to India under the scheme visits any overseas offices of WU and UAE Exchange and tenders remittance amount with full particulars of in India. The service providers after processing the transaction provide them system generated identification numbers (MTCN and Unique Reference No) The remitter conveys the identification number to the in India who in turn visits any of our nearby branches to claim remittance amount. MTSS Remittance Process Send Money (Remitter) NRI approaches UAE Exchange/Western Union outlet with ID card & KYC documents with fgn curreny for remittance Receive Money (Beneficiary) Find nearest authorized BOB branch Request for remittance by tendering foreign currency and application Fill in receive form with given reference no & submit with KYC documents A reference number is issued to the NRI. Contact the and give him the reference no. Beneficiary a/c will be credited. For beneficiaries not having a/c,cash will be paid upto Rs /-. If the amount is >50000, Banker s cheque will be issued 4. Speed Remittance (Vostro A/c) Bank is having tie up arrangement with UAE, Lulu and Al Ansari Exchanges. Under speed remittance, NRI can remit INR (without any limit) to his own a/c or third party. NRI approaches UAE Exchange and tenders foreign currency with id card & KYC documents. UAE Exchange receives money and remits to a/c with Vostro a/c arrangement with our Bank. Bank on receiving information from UAE, credits to the a/c.

5 January 2015, Page 4 5. Baroda Flash Remit (to be launched shortly) This is a real-time instant account credit facility in partnership with UAE Exchange Centre LLC (UAEECL) to be launched shortly NRI customer desirous of sending remittance through Baroda Flash Remit visits any of UAEECL location overseas. Remitter furnishes beneficiaries account no and name details to UAEECL UAEECL processes the transaction and account is credited on real time basis. The moment the amount is credited to the s account, an SMS alert is instantly sent to the mobile phones of both the sender and the receiver by UAEECL Maximum Rs.200,000/- per transaction for non trade purposes 6. Other products Our bank has tie up arrangement with 2 Exchange houses, i.e., Oman UAE Exchange and Bahrain Financing Company in Gulf countries and those can draw Indian rupee drafts payable in our branches in India International Money Orders in foreign currency. Personal cheques in foreign currency drawn on your account abroad accepted for collection. Demand draft/cashier cheque/official cheque drawn in foreign currency purchased from overseas centre.