Great savings can take you places

Choose from the many savings accounts we offer

  • Key features
  • Documents Required
  • Charges

Savings Account  : Key features

  • Account for any resident Individuals who are either GCC Nationals or Indian national including Person of Indian Origin.
  • Account in the name of minor can be opened till he/she become major (i.e., 21 years of age) provided the account will be operated by natural guardian only i.e., father or mother of minor
  • Opened for savings purpose
  • A/c can be opened in AED & USD currency only
  • Interest *0.40% p.a. (subject to change)
  • No cheque book facility
  • Debit card/ Internet Banking/Mobile Banking facility available
  • No restriction on number of withdrawals (subject to specific Scheme)
  • 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

Savings 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 (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

Savings Account  : 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 savings account and how does it work?

    A savings account allows individuals to save money and earn interest. These funds can be withdrawn as needed.

  • What are the benefits of opening a savings account with Bank of Baroda UAE?

    Opening a savings account with Bank of Baroda UAE comes with several benefits-

    • Offers interest at an annual rate of 0.40% on deposited funds.
    • Allows access convenient banking services like debit card, internet banking, and mobile banking.
    • No restrictions on the number of withdrawals (subject to specific schemes).
    • Remit funds to India through ATM, internet banking, or mobile banking services.
  • What are the minimum balance requirements for a savings account with Bank of Baroda UAE?

    Maintaining a minimum balance of AED 1000 in a Bank of Baroda UAE savings account is required to avoid charges or fees.

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