Whether you are aiming to manage your finances or business, Banks are smooth and helpful options. Bank of Baroda is the oldest and most reputable institution that creates trust among customers in the UAE. This well-known bank was established in 1974 and makes its place in the hearts of millions of customers due to its banking services. Moreover, the commitment of Bank of Baroda to customer satisfaction and reliable banking sets it apart from other banks in this country. In this detailed blog, we will explore various services, the account opening process, and Bank of Baroda branches.
Services Offered by Bank of Baroda
Great Abu Dhabi
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) |
Islamic Banking
Bank of Baroda allows you to experience Islamic financing that helps to increase your wealth according to Islamic regulations. Moreover, in this bank, customers can also avail of the option of Sharia-compliant products like Islamic current and savings accounts.
Digital Banking
In the UAE, if you choose this oldest bank then you can access services like Mobile Banking (Baroda M-Connect). Furthermore, the Bank of Baroda also allows you to avail of Internet Banking that helps transfer money 24/7 from anywhere.
Treasury Services
With Bank of Baroda, every customer can experience various forex services and derivatives. Moreover, the bank also offers you currency hedging and allows you to invest in government bonds.
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 |
Step-by-Step Guide to Opening a Bank of Baroda Account
Online
The most reliable way to create an account with Bank of Baroda is online via their website in the UAE. For this purpose, the user has to follow the below steps.
Visit the Bank of Baroda Website: To create an account, users have to go to the official website of Bank of Baroda that is www.bankofbarodauae.ae .
Navigate to the Account Opening Section: After accessing the website, you have to look for the section that is normally labeled as “Open an Account”.
Choose the Type of Account: After clicking, the user has to choose the type of account that he aims to open. Whether the user wants to open a current account or a salary account, the bank caters to his needs and preferences.
Click on “Apply Now”: After choosing the account, you have to simply click on “Apply Now”.
Fill in the Online Application Form: In this step, you have to fill out the application form by entering information like Full name and date of birth. Moreover, contact information (phone number and email), residential address, and employment details are also important.
Upload the Required Documents: Now you have to upload digital copies (scanned versions) of the required documents. These documents normally include Emirates ID, Passport, Salary Certificate, and address proof.
Review and Submit the application: It is good to review that all information is correct before submitting your application.
Wait for Verification and Approval: After that, the bank will review your application and verify all your documents. When your application is approved, you can receive instructions on how to activate your account.
Activate Internet and Mobile Banking: At last, when your account is active, you are able to register for Internet banking and mobile banking services.
Must Read: Open an Account with Federal Bank Dubai Today!
Tips for Maximizing Your Experience with Bank of Baroda
Leverage Digital Banking
It is handy to avail the option of Mobile app and online banking of Bank of Baroda to manage your finances.
Stay Updated on Promotions
It is good to check promotional offers on loans from the Bank of Baroda as it is beneficial for extra rewards.
Monitor Account Fees
Always keep in mind to review the statement of your account as it is beneficial to avoid unexpected charges.
FAQs
Which documents are essential for customers to create an account with the Bank of Baroda in the UAE?
If any customer is looking to create an account with the Bank of Baroda then upload his Emirates ID, Passport, Salary Certificate, and address proof.
What is the minimum balance requirement for a Bank of Baroda account for customers?
It generally depends on the type of account if you want to create a current account the minimum balance required is around AED 5000.
Tell me the reason why it is important to create an account with the Bank of Baroda.
If someone creates an account with the Bank of Baroda, he can access services like Internet banking, corporate banking, Islamic banking, and more.