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Savings account for non-residents of UAE.
Saving Account (NRE)
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Key features
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Documents Required
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Charges
Saving Account (NRE) : Key features
- For non-residents of UAE, who are either GCC Nationals or Indian national including Person of Indian Origin.
- For investment, maintenance of their property in UAE etc.
- Account can be opened in AED, USD, GBP and EUR currency
- Interest *0.40% p.a. (subject to change)
- No cheque book facility
- All A/cs are opened based on KYC guidelines as prescribed by the Central Bank of the UAE
- Remittance to India through ATM/Internet Banking/Mobile Banking
Saving Account (NRE) : Documents Required
- Duly filled account opening application form (signed in front of bank officials)
- Document justifing to have financial intrest in UAE
- Copy of Passport
- Two recent passport-size photographs
- Copy of current address proof
- Valid Identity proof (like EID in UAE)
- Original documents to be presented for verification
Saving Account (NRE) : 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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What is a NRE & NRO Savings Account?
- NRE (Non-Resident External) Savings Account is for NRIs to deposit and manage their foreign earnings.
- NRO account is opened in India by NRIs to handle income earned within the country, such as rent, dividend, pension, interest, etc.
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How do I open a NRE and NRO Savings Account with Bank of Baroda UAE?
- To open an NRE savings account, visit the NRI service section on our website and fill out the application form.
- Alternatively, you can personally visit one of Bank of Baroda's branches in the UAE for in-person account opening.
- You can also call our toll-free number 800-BARODA (800227632) for assistance with opening an NRE savings account
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Who is eligible to open a Savings Account NRE and NRO with Bank of Baroda UAE?
- Bank of Baroda UAE allows Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and overseas citizens of India (OCIs) to open NRE and NRO Savings Accounts.
- Eligible individuals must possess a valid Indian passport or PIO/OCI Card.
