In the following lines, we have provided brief history and profile of Bank of Ceylon, India. Read on to know about the working of BOC in India.

Bank of Ceylon, India

Bank of Ceylon, popularly abbreviated as BOC, is a government-owned, major commercial bank in Sri Lanka. It was established in 1939 with its head office located in iconic cylindrical building in the capital Colombo, the commercial capital of the island. The bank has 308 branches and 200+ extension centers spread across the island. Apart of vast local presence, Bank of Ceylon has 3 overseas offices in London, Male & Chennai; all of them being member banks for SWIFT and having appointed agents in all countries in the world for more convenient banking to its all customers. Since its establishment in 1939, the Bank of Ceylon has been providing customized solutions and services in a number of financial fields and segments to become a trusted name in the banking industry.

In the year 1982, the Bank of Ceylon established the Merchant Bank of Sri Lanka for better reach and reception among the target market. The same time, the BOC Property Development Ltd was established. In the year 1989, the bank joined with the Visa International to introduce first credit cards business to Sri Lanka. Over the years, BOC joined SWIFT at the SWIFT BIC BCEYLKLX along with 15 other financial institutions in Sri Lanka. In 2010, BOC converted its London branch in to a subsidiary of BOC in Sri Lanka. The same year the Bank of Ceylon achieved its highest ever profit before tax at LKR 10.1Bln.

Presence in India
The Bank of Ceylon established its office and branch in India in Chennai. BOC offers a range of specialized facilities and services for its customers. The corporate banking services offered by the bank cater the various business and marketing needs of the companies in India.

Products and Services
Bank of Ceylon offers a range of specialized facilities and services for its customers. The bank provides services in various segments like Personal Banking, Corporate Banking, Offshore Banking, International and Treasury services. The bank has made a trusted name in the segment of personal banking. Bank of Ceylon specializes in several facilities and personal banking including current accounts, savings accounts, foreign currency deposits, term deposits, debit and credit cards and SIERA accounts. The high quality corporate banking facilities are helping the bank to acquire renowned corporate houses and companies as trusted customers. BOC's corporate banking services offer customized services to cater various business and marketing needs of the companies. Bank of Ceylon is also credited to take part in a number of development activities. These services are intended to add to the overall economic scenario of the country as well as the world. Personal banking schemes are greatly helping in increasing the customer base of the bank. These banking schemes are quite hassle-free and cost effective. Enrolled under the online banking services, these provide secure and fast means of financial and banking transactions. Additionally, there are a variety of online banking services available; one can choose between BOC e-cash services, BOC Online services and BOC e-Bank services.

NRI Oriented Services
For NRIs, Bank of Ceylon has offered various banking facilities. Among the different types of deposit accounts available at the bank, one can choose between NRE Savings Bank Accounts, NRE Term Deposits and Foreign Currency Non Resident Accounts. Other specialized services available at the bank are Trade Finance Facilities, Credit Facilities, Safety Locker Facilities, Treasury & Money Market Operations and Correspondent Banking.

Head Office
Bank of Ceylon India
Poonamallee High Road
Chennai - 600084