Start from zero, and be the game changer
Open your zero balance WPS account today!
Saving Account (Zero Balance WPS Account)
-
Key features
-
Documents Required
-
Charges
Saving Account (Zero Balance WPS Account) : Key features
- Account for any resident Individuals who are permitted to work in UAE
- Joint Account is not permitted
- Account can be opened in AED currency only.
- Interest *0.40% p.a. (subject to change)
- No cheque book facility
- Debit card/ Internet Banking/Mobile Banking facility available
- One cash withdrwal once in a year
- 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 (Zero Balance WPS Account) : Documents Required
- 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
- No objection certificate from sponsor
- Two recent passport-size photographs
- Copy of Tenancy contract/Ejari wherever applicable
- Original documents to be presented for verification
Saving Account (Zero Balance WPS Account) : Charges
As applicable from time to time, please refer Service charges guidelines separately or click Service charges to see more details.
Request Callback
Please fill in these details, so we can call you back and assist you.
-
What is a savings account with WPS and how does it work?
A WPS (Wage Protection System) savings account is specifically designed for employees who receive their salaries through WPS. This account allows employers to directly transfer salaries to the account, which can be accessed by employees through ATMs or online banking.
-
What are the benefits of opening a savings account with WPS?
- WPS savings account ensures timely payment of salaries through an automated system.
- WPS account offers competitive interest rates for growing savings.
- WPS account provides peace of mind with secure storage of funds in a reputable bank like Bank of Baroda.
-
What are the documents required to open a savings account with WPS?
You require the following documents to open a savings account with WPS (Wage Protection System) at Bank of Baroda UAE-
- Filled out account opening application form (signed in front of bank officials)
- Copy of valid passport (including address page)
- Copy of valid Emirates ID
- Copy of valid labor contract
- One recent passport-size photograph
- Copy of Tenancy contract/Ejari (if applicable)
- Original documents for verification
