Your business needs a trustworthy partner

A premium offering for your business.

  • Key features 
  • Benefits
  • Requirement
  • Documents required
  • Terms and Condition
  • Charges

Platinum Current Account : Key features 

  • Can be opened in major currencies: AED, USD, EUR, and GBP.
  • Earn attractive interest of 0.75% on daily closing balance maintained in the account.

Platinum Current Account : Benefits

  • Free balance certificate twice a year.
  • Concessional fees of AED 20 for outward foreign remittance.
  • Zero charges on inwards foreign remittance to your account.
  • Free unlimited cheque book.

Platinum Current Account : Requirement

  • Monthly Average Balance (MAB) of 2 million AED or 500,000 in USD, EUR, GBP.

Platinum Current Account : Documents required

List of documents required

  • Copy of Trade License, Chamber of Commerce & Registration from Economic Department.
  • Copy of MOA and AOA. (In case document is in Arabic language then English translated copy also required.)
  • Copy of Passport, VISA and Emirates ID of Proprietor/Director/UBOs as applicable.
  • Copy of tenancy contract with Ejari.
  • Recent passport size photograph of authorized signatories.
  • Board resolution to open an account with Bank of Baroda, UAE as per format provided in account opening form.
  • Bank account statement of last 6 months for existing company.
  • Resident tenancy contract copy.
  • In case of subsidiary/Branch office of Foreign Company, duly legalized and consularized Board resolution of Parent company for setting up Subsidiary/Branch at UAE.
  • MOA and AOA of parent company.
  • Share holding pattern/Share certificate of the parent company.
  • NOC from sponsor, in case sponsor name is different on VISA.
  • 1 year VAT return / 2 year audited balance sheet.
  • Company seal/stamp.

Platinum Current Account : Terms and Condition

  • Bank may revise/amend at any time product features/service charges.
  • Customer to submit KYC documents as and when due for renewal.

Platinum Current Account : Charges

  • As applicable from time to time, please refer to service charges guidelines separately or click service charges to see more details.

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