ORO Bank is working on expanding its services to some additional countries and developing solutions for individuals in regions where the service is currently unavailable. According to the Bank, this is due to the increasing number of interests shown by Bhutanese living abroad in investing in Gelephu Mindfulness City. The bank’s services are currently available to customers in 46 countries and locations worldwide.
ORO Bank provides services to Bhutanese living in countries such as Australia, Germany, India, the United Kingdom, and the United States, among others.
Last Saturday, the bank announced a special one-time credit of USD 30 for customers who invest in the Gelephu International Airport Fixed-Term Deposit (FTD) programme. This means the amount will off-set the international money transfer fee.
Following this announcement, the bank received numerous inquiries from Bhutanese living in countries where the service is not yet available.
Even within Bhutan, there has been strong interest in the investment opportunity.
According to ORO Bank, only Bhutanese citizens residing abroad are eligible to invest in the Gelephu International Airport Fixed-Term Deposit, ensuring the programme benefits the community.
“There is no minimum investment required to qualify for the one-time 30 USD credit. The bonus is a gesture of appreciation for every customer who invests in the Fixed-Term Deposit before the deadline of 31st March 2025. Whether your deposit is modest or substantial, the credit applies equally, provided the FTD is purchased within the given time frame. The bonus remains the same, whether you deposit USD 500, USD 1,000, or more,” said Tsheyang Tshogyal, Marketing Officer, ORO Bank.
The bank further clarified that interest rates are fixed and unaffected by exchange rate fluctuations.
Annual interest payments are made in US dollars for investments in US dollars and in Ngultrum for those in Ngultrum.
Customers must open a Fixed-Term Deposit by 31st March 2025 to qualify and can expect to receive their USD 30 credit with their first interest payment in April 2025.
Samten Dolkar
Edited by Sangay Chezom
