Flexible and steady, wins the race
Start investing in an RD account with BoB.
Recurring Deposits
"Enjoy higher rate of interest with longer periods of deposit. Your money remains safe and secure with an option of easy liquidity."
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Key Features
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Documents Required
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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)
- 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.
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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.
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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.
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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.
