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Funds can be remitted in one of the following ways:
Fund transfer to Bank of Baroda CBS branches instantaneously and to other Banks Branches having RTGS/NEFT Facility with in 24 Hours. Rapid Funds2India can be done from the following channels:
How can I know the rate of exchange for remittance in Indian rupee?
The rate of exchange of UAE Dirhams to Indian rupees is determined daily on the basis of market conditions of demand and supply. This rate can be ascertained from our branch by making telephonic call at any time during working hours or can be viewed by visiting our website. However, the actual exchange rate can be known at the time of remittance only.
For making funds transfer, we need a duly filled up request form, which is available from our branch. Usually, in addition to your name, address , telephone # and identification #, similar particulars of beneficiary are also required to be filled up in this form. A copy of the Labour card is required for the Remittance above AED 2000/- along with the application form Any Remittance beyond AED 40,000 requires Passport and Work permit and also proof of source of funds to be remitted. For further clarification, you may contact us anytime during working hours.
Opening an account is very easy, provided you can furnish documentary evidence of your identification. Account opening form can be collected from our branch. This form contains list of documents required to be furnished for opening an account.
No. No Tax is levied on the interest earned on deposits in U. A. E.
Yes. You can always deposit cash in your accounts. However, it is our experience that deposits by way of cheques are always more convenient and risk free.
Charges are levied as per CBUAE guidelines, if any.
Sh Rashid Building, 2nd Floor,
Ali Bin Abi Talib Street,
P.O. Box 3162, Bur Dubai, UAE
T : +971 4 313 6666
T : +971 4 316 6600