Flexible and steady, wins the race

Start investing in an RD account with BoB.

  • Key Features
  • Documents Required
  • Charges

Recurring Deposits : Key Features

  • Account can be opened by Individuals, Minors, Illiterates, Non-Residents, and Associations (as per guidelines of bank)
  • Regularises savings by encouraging a saving habit
  • Account can be open in AED currency only
  • Minimum installment amount: AED 100 in multiples of AED 100maximum of AED10000/-per month
  • Deposit tenure: 12/24/36/48/60 Months
  • Bank’s Card Rate prevailing at the date of instructions received.

Recurring Deposits : Documents Required

KYC guidelines as prescribed by the Central Bank of the UAE

In case of existing relationship with us

  • Duly filled account opening application form (signed in front of bank officials)

For new customer:

  • Duly filled account opening application form (signed in front of bank officials)
  • Photocopy of valid passport including address page and valid VISA page
  • Copy of valid Emirates ID
  • Photocopy of valid labour contract (in case of salary account)
  • No objection certificate from sponsor
  • Two recent passport-size photographs
  • Copy of Tenancy contract/Ejari wherever applicable
  • Original documents to be presented for verification

Recurring Deposits : Charges

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

Frequently Asked Questions (FAQs)

  • How do I open a personal banking account at Bank of Baroda UAE?
    • Visit our website and navigate to the personal banking
    • Choose the account you want to open and click on "Apply Now".
    • Fill in your personal information and submit the application.
    • Await contact from our executive.

    Alternatively, visit our branch, EBSU in-person to apply or contact our 24*7 toll-free call centre at 800-BARODA (227632) for personal banking services.

  • What services and products are available with a personal banking account?
    • Bank of Baroda UAE offers various personal banking services including digital banking- internet and mobile banking.
    • We provide many types of personal banking options such as vehicle, property, and home loans.
    • An NRI desk is available at the Al Karama Dubai Branch to serve the needs of NRI customers.
    • Safe deposit boxes are available for customers to securely store valuable items.
  • What types of loans and other financial products are available to personal banking customers?

    Personal banking customers have access to a variety of loans and financial products.

    • Popular options include car loans, top-up loans, salary-linked personal loans, home loans, and loan against property.
    • These personal banking products cater to diverse financial needs, such as purchasing a car or home, or addressing short-term financial obligations.
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