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Savings account for non-residents of UAE.

  • Key features
  • Documents Required
  • 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.

Frequently Asked Questions (FAQs)

  • 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.
  • 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
  • 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.
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