Bank of Baroda UAE Comprehensive Guide to Services & Account Opening

In this fast-paced world, banks are useful to cater to a large segment of banking and financial needs. Bank of Baroda UAE, is a modern financial institution that offers a wide range of banking services to its clients in the UAE. Moreover, it was established in 1974 and attracted customers with its innovative approach and cash management. In this detailed blog, we will discuss various services, the account opening process, and the Bank of Baroda branches in the UAE.

Account Type	Account Opening Fee	Monthly Maintenance Fee	Minimum Balance Requirement (AED)	Overdraft Charges
Savings Account	Free	Free	2,500	18% p.a. on overdrawn amount
Current Account	Free	25 AED	5,000	18% p.a. on overdrawn amount
Fixed Deposit	Free	Free	10,000 (or equivalent in other currency)	Not Applicable
NRI Account	Free	Free	2,500	18% p.a. on overdrawn amount
Corporate Account	500 AED	50 AED	25,000	Negotiable (based on agreement)

Bank of Baroda UAE Branches in the UAE

Branch Name	Location	Services Offered	Operating Hours
Dubai Main Branch	Bur Dubai	Personal & Corporate Banking, Trade Finance	Sat-Thu: 8 AM – 3 PM
Abu Dhabi Branch	Hamdan Street	NRI Banking, Loans, Corporate Services	Sat-Thu: 8 AM – 3 PM
Sharjah Branch	Al Zahra Street	Personal Banking, Fixed Deposits, Loan Facilities	Sat-Thu: 8 AM – 3 PM
Ras Al Khaimah	Al Nakheel	Personal Banking, Small Business Loans, NRI Services	Sat-Thu: 8 AM – 3 PM
Al Ain Branch	Sheikh Khalifa St.	Retail Banking, Corporate Loans, Remittance Services	Sat-Thu: 8 AM – 3 PM

Services Offered by Bank of Baroda UAE

Personal Banking Services:

With Bank of Baroda UAE, customers can experience a wide range of savings, and current, and fixed deposits with interest rates. Moreover, the bank also provides services like personal loans, home loans, and vehicle loans.

Digital Banking Services:

If you select this bank in the UAE, you can experience services like the BOB World app for utility payments and more. Moreover, Bank of Baroda UAE allows customers to explore internet banking and access to account management.

Hassle-Free Account Opening with Bank of Baroda UAE

Branch Visit

To create an account with Bank of Baroda UAE, visiting their physical branch is the smoothest method.

Choose Your Nearest Branch: For account creation purposes, you have to find the nearest Bank of Baroda branch in the UAE. To confirm a branch, you can use the Bank of Baroda UAE website or call 800-227632. Furthermore, on their website, you can also check their operating hours.

Prepare Required Documents: Before visiting the branch, remember to collect all required documents like Emirates ID, Passport, and Proof of Address. Moreover, Proof of Income and recent passport-size photographs are also important to create an account.

Visit the Branch: When you arrive at Bank of Baroda UAE then meet the staff member and ask him to create a new account.

Fill out the Application Form: After requesting, get your account opening form from the representative and fill it out by providing the required details. Moreover, here you have to simply write your name, contact information, and employment details.

Choose Account Type: After that, discuss with the Bank of Baroda UAE bank representative and then choose the account type that you wish to create. In this bank, the most famous options of accounts are current, savings, NRI, and fixed deposits among customers.

Submit Your Documents: After selecting the account, simply submit your documents to the staff member.

Initial Deposit: After this, simply make an initial deposit according to the type of your account and take the slip of deposit as proof.

Verify Your Identity: In this step, you have to complete a KYC and biometric verification like fingerprints.

Account Activation: At last, when your application is processed, you can receive your account details like number, debit card, and internet banking from the bank.

FAQs

Why is it essential to originate an account with the Bank of Baroda UAE? Explain reason?

If someone creates an account with Bank of Baroda UAE, he can avail of services like digital banking, foreign exchange, and remittances.

Tell me the minimum balance requirement for a Bank of Baroda UAE account for customers?

It depends on the account type, if you want to create a special current account the minimum balance required is AED 2,500.

Which documents are important for customers to create an account with the Bank of Baroda in the UAE?

If anyone wants to create an account with Bank of Baroda UAE then provide his Emirates ID, passport, salary certificate, photographs, and proof of residence.