Note. Daily balances in Savings Account up to Rs. 1 lakh continue to earn 3.50% interest p.a. and daily balances over Rs. 1 lakh and up to Rs. 5 crores continue to earn 4% interest p.a. Interest rate on daily balances in Savings Account above Rs. 5 crores stands revised at 3.75% p.a. wef Nov 1, 2020. The new policy regarding the rules of sending the Balikbayan Boxes to the Philippines affects a lot of Filipinos abroad. Since 1 st August 2017, the new policy that has been implemented by the Bureau of Customs (BOC) has caused lots of buzz in the media and within the Filipino communities abroad. If you are a Filipino living in the Tri-State area, you probably know there is no shortage of Balikbayan box agents there. But for those who have just moved to the states, here is a list of some of the agents in the New York, New Jersey, Connecticut area. Rates to send vary from $50 to $80 depending on the forwarding company. Kotak Mahindra (UK) Ltd London Office, 8th Floor, Portsoken House, 155-157, Minories London EC3N 1LS, United Kingdom Tel : +44 20 7977 6900. Kotak Mahindra Inc New York Office, 369 Lexington Avenue, 28th floor, New York, NY - 10017, USA Tel: +001 212 600 8850
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