As everyone knows, Banks play a vital role in managing the finances of individuals and businesses in the UAE. Bank of Baroda is one of the prominent and oldest financial institutions which offers a wide range of banking services. It was established in 1974 and provides top-class financial solutions that cater to your desires. Furthermore, the commitment of the Bank to customer satisfaction and reliable banking enhances the experience of every user. In this detailed blog, we will try to explore different services, account-opening methods, and branches of the Bank of Baroda.
Services Offered by Bank of Baroda
| Service | Fee (AED) |
| Minimum Balance Requirement | AED 2,500 (Savings Account) |
| Account Maintenance Fee | AED 25 (if balance falls below minimum) |
| ATM Withdrawal (Own Bank ATMs) | Free |
| ATM Withdrawal (Other UAE ATMs) | AED 2 |
| ATM Withdrawal (International) | AED 15 |
| Cheque Book Issuance | Free (first cheque book) |
| Returned Cheque Fee | AED 100 |
| International Transfer Fee | AED 60 – AED 100 |
| Local Transfer Fee | AED 1 to AED 5 (within UAE) |
| Debit Card Annual Fee | Free |
| Credit Card Annual Fee | Varies (depending on card type) |
| Overdraft Interest Rate | 16% – 20% per annum |
| Standing Instruction Setup | AED 10 |
| Account Closure Fee | AED 100 (if closed within 6 months) |
Digital Banking
In the UAE, if anyone chooses the Bank of Baroda, he can easily access mobile banking (Baroda M-Connect). Moreover, the bank also allows you to avail services like internet banking and SMS banking that allows you to transfer money comfortably.
Wealth Management
Bank of Baroda allows customers to avail services like mutual funds and insurance that are helpful for you in the future. Furthermore, in this prominent bank, you can also avail services like investment advisory and portfolio management.
Business Banking Services
This oldest bank allows you to experience services like working capital finance, project financing, and term loans. Moreover, at the Bank of Baroda, customers can also avail of the option of trade finance and corporate loans that help the business.
Bank of Baroda Branches in the UAE
| Branch Name | Location | Address | Contact Number | Operating Hours |
| Dubai Main Branch | Dubai | Al Souk Road, Bur Dubai, P.O. Box 3162 | +971 4 313 5555 | Sun-Thu: 8:00 AM – 3:00 PM |
| Abu Dhabi Branch | Abu Dhabi | Hamdan Street, P.O. Box 2743 | +971 2 634 6815 | Sun-Thu: 8:00 AM – 3:00 PM |
| Sharjah Branch | Sharjah | Al Zahra Street, P.O. Box 2459 | +971 6 568 4001 | Sun-Thu: 8:00 AM – 2:00 PM |
| Al Ain Branch | Al Ain | Al Ain City, P.O. Box 16877 | +971 3 764 6488 | Sun-Thu: 8:00 AM – 2:00 PM |
| Ras Al Khaimah Branch | Ras Al Khaimah | Al Nakheel Area, P.O. Box 4047 | +971 7 228 2393 | Sun-Thu: 8:00 AM – 2:00 PM |
| Fujairah Branch | Fujairah | Hamad Bin Abdulla Road, P.O. Box 818 | +971 9 222 3030 | Sun-Thu: 8:00 AM – 2:00 PM |
| Ajman Branch | Ajman | Al Bustan Area, P.O. Box 1425 | +971 6 742 0660 | Sun-Thu: 8:00 AM – 2:00 PM |
Quick and Easy Steps to Open a Bank of Baroda Account
Mobile App
If any customer is aiming to create an account with Bank of Baroda then their mobile app is a good choice.
steps:
Download the Bank of Baroda Mobile App: To create an account, the Bank of Baroda app is available on the Apple Store or Google Play Store. You can use it after downloading and installing it on your mobile.
Register or Log In: After installing, you have to Sign Up if you are new and if you already have an account then log in with your credentials.
Select a New Account: After logging In, you have to click on the “Open New Account” section on the main screen of the app.
Choose the Account Type: Now you have to select the type of account that you desire to create with Bank of Baroda. Furthermore, the most common options of accounts are Savings, Current, and Fixed Deposit.
Enter Personal Details
Whether you are willing to create a fixed deposit or a current account, it is important to provide personal details. Moreover, you must provide your Full Name, Mobile Number, Date of Birth, and Email Address.
Submit Documents: In this step, you have to upload scanned copies of your documents like Valid Passport, Emirate ID, and visa copy.
Set Up Username and Password: when your documents are verified then you have to set up login credentials for online banking.
Access Your New Account: At last, when your account is active you are able to use the mobile app for transactions and view account details.
Must Read: Understanding Federal Bank Dubai Services and Offerings
Tips for Banking with Bank of Baroda
Regularly Review Account
It is advised to every user to regularly review his account as it allows him to manage his finances easily. So, to avail more benefits from Bank of Baroda, reviewing an account on a daily basis is vital.
Utilize online and mobile Banking
Mobile app and online banking of Bank of Baroda is reliable and easy-to -use because it allows you to access your account 24/7.
Seek Professional Advice
It is good to take advice from professionals of this oldest bank as it is useful to grow your wealth.
FAQs
Which types of accounts can customers open at Bank of Baroda in the UAE?
With Bank of Baroda, customers can create different accounts like Savings, Current, and Fixed Deposit.
Which method is best to create an account with Bank of Baroda online?
If any user is willing to create an account with Bank of Baroda then he has to use their mobile app. Moreover, for account creation purposes, you have to enter personal details and upload scanned copies of documents.
Explain the reason why it is important to create an account with the Bank of Baroda?
If anyone creates an account with the Bank of Baroda it offers him reliable banking and easy access to funds.
What is the minimum balance requirement for a bank of baroda account?
It normally depends on the type of account like if you want to create a savings account the minimum balance required is around AED 2500.
