Platinum Current Account

• Current account designed to meet the requirements of business, trading, companies, institutions and other corporate bodies.
• Can be opened in major currencies: AED, USD, EUR, and GBP.
• Minimum monthly average balance 2,000,000 for accounts in AED and 500,000 for accounts in other currencies.
• Earn attractive interest of 0.75% on daily closing balance maintained in the account
• Cheque book facility available.
• Internet banking facility available.

• 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.

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

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.

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

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