Bank of Baroda Account Opening in Dubai, UAE – Complete Process

If you’re new to the UAE or if you’re just searching for a convenient way to handle your money in AED, you may want to know how Bank of Baroda account opening is done.

Read this guide to learn everything there is to know about opening a Bank of Baroda account. We will also share the required documents and the types of accounts this bank offers for businessmen, investors, and entrepreneurs.

About Bank of Baroda (BoB)

Bank of Baroda is rooted in India but has been operational in the UAE since 1974 and offers diverse financial services. Serving over 150,000 customers across key locations, including Sharjah, Abu Dhabi, Dubai, and others, it is the oldest Indian bank in the region. Committed to customer satisfaction, the bank provides 24/7 services, from savings accounts to investments.

With branches and ATMs strategically placed, accessibility is prioritized by the bank for its customers. Businessmen, investors, and entrepreneurs can align their financial aspirations with Bank of Baroda UAE’s century-old legacy as it is a trusted bank in the country. They can open an account here for personalized service empowering entrepreneurs, and getting their unique requirements fulfilled by this financial institution.

Bank of Baroda Account Opening Process

You can open an account through internet banking, mobile application, or visiting the branch directly.

To open a Bank of Baroda account in the UAE, follow these steps –

1. Open the official website of the Bank of Baroda UAE.
2. On the home page, select the account type.
3. Once you are redirected to the following page, click on the ‘Download Form’ option present on the right side of the screen.
4. Select the account type from the displayed list and click on the ‘Download’ hyperlink. Note that you can also collect the account opening form by visiting your nearest branch of Bank of Baroda.
5. Provide all the necessary details such as name, address, nationality, contact details, occupation, etc., and fill out the form.
6. Sign the required blanks and submit the form to the nearest Bank of Baroda UAE branch in person along with the required documents.

In case of any additional queries, you can reach out to the bank through email or by calling the concerned officials.

Documents Required to Open an Account in Bank of Baroda

For Personal Account

• Duly filled account opening application form (signed in front of bank officials)
• Photocopy of valid passport including address page and valid VISA page
• Copy of valid Emirates ID
• Photocopy of valid labor contract (in case of salary account)
• No objection certificate from the sponsor
• Two recent passport-size photographs
• Copy of Tenancy contract/Ejari wherever applicable
• Original documents to be presented for verification

For Business Account

• Copy of Trade License, Chamber of Commerce & Economic Dept Registration.
• Copy of MOA and AOA (In case documents in Arabic, then English translation of all documents).
•  Self-attested copy of the passport, visa, and Emirates ID/PAN card of all partners.
• Copy of Tenancy Contract with Ejari.
• One recent color Passport-size photograph of the authorized signatory.
• Board resolution for opening of an account with BOB as per format given in the account opening form.
• Bank’s account statement for the last 6 months for the existing company.
• Resident Tenancy contract copy.
• In the case of a subsidiary/Branch office of the foreign company, duly legalized and consularized Board Resolution of the parent company for setting up a Subsidiary/Branch office in UAE.
• MOA and AOA of the parent Company.
• Shareholding pattern/Share certificate of the parent company.
• NOC from Sponsor, In case of sponsor name is different on the Visa.
• original of all the documents for verification.
• Submit AECB report for account opening.
• 1 year VAT returns/2 years audited balance sheet
• Company Seal/Stamp.

Types of Bank of Baroda Accounts in the UAE

The bank offers two types of accounts for its customers:

• Personal Accounts
• Business Accounts

Personal Accounts

1. Bank of Baroda Savings Account
2. Saving Account (Zero Balance WPS Account)
3. Saving Account (NRE)
4. Baroda Happiness Twin Account ( Current & Savings)
5. Current Account
6. Premium Salary Account
7. Special Current Account General
8. Recurring Deposit
9. Term Deposits

Business Accounts

1. Current-Account-Non-Individual
2. Current Account Flexi Desk
3. Premium Current Account
4. Current Account (Offshore)
5. BOB Gold Account
6. Platinum Current Account

Charges of Accounts

Here are the details of charges of some of the most used bank accounts of the BoB:

Why Choose Bank of Baroda for Opening a UAE Account?

The following are the primary reasons to choose the Bank of Baroda instead of other banks to open a new UAE account:

• The bank offers convenient and hassle-free financial services.
• A range of bank accounts is available to meet your needs.
• Availability of online, mobile, and internet banking services for accessing your account and sending money to other countries.
• Bank of Baroda has a remarkable reputation for satisfying its customers.
• Modern security methods ensure the safety of your financial assets.
• The procedure of opening a bank account is very easy.
• Some accounts are available in currencies besides AED.
• The majority of accounts don’t have withdrawal caps.
• Debit cards and checkbooks are free with certain accounts.
• You can open parent-operated BoB accounts under the minor’s name.
• There is an option to open joint bank accounts.
• Interest earned on eligible accounts is .040%.

Who Should Get a Bank of Baroda UAE Account?

The Bank of Boroda account is suitable the most for the following individuals:

1. Families or individuals wishing to move to the UAE will want a reliable bank to handle their finances
2. Investors, businessmen, entrepreneurs, and other individuals who are trying to find a trustworthy bank in the United Arab Emirates.
3. Non-resident Indians (NRIs) who wish to manage their investments and funds well.
4. Professionals or students in need of banking services for their regular expenses.
5. Investors, businessmen, and entrepreneurs need a wide range of financial services for their daily operations and financial transactions.

How to Close An Existing Bank Of Baroda Account in the UAE?

To close your BoB account, you can simply fill out the account closure form available on the website and submit it to the bank. Alternatively, you can get in touch with the bank officials in person by visiting your nearest bank branch. The account closure fee is AED 100 before six months and after six months is free.

How to Contact the Bank of Baroda Customer Service?

If you have a question about Bank of Baroda UAE accounts or other financial products or need help opening an account, you can contact the bank’s customer care team.

Here’s the contact info you need:

For general queries

• +971 – 04 313 6666
• +971 – 04 313 6600
• enquire@bankofbaroda-uae.ae

Branch Contact Numbers

Bank timings are 9 am to 4 pm, Sunday is off.

• Branch finder – find your nearest Bank of Baroda UAE branch here