To open a bank account in the UAE from India, you will need to submit a valid passport, proof of residence in India, and income-related documents such as bank statements, salary letters, and an Emirates ID or a UAE visa if you plan on relocating. The first step towards opening a bank account in the UAE involves selecting a bank that offers a non-resident account, followed by arranging the required documents for submission. Additionally, you would also be required to secure a Bank Reference Letter/NOC from your Indian bank. You can submit the applications through the international services offered by your registered bank, send them in person for non-resident (NRI) bank accounts, or submit them online to UAE banks like Emirates NBD/RAKBANK.
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Eligibility requirements for opening a bank account in the UAE
The eligibility criteria for opening a bank account in the UAE for Indians vary depending on whether the applicant holds an Emirates ID or is a non-resident applying from India. The UAE bank accounts generally require documents such as a valid passport, proof of permanent address in the home country, and a valid KYC at the time of application submission. While it is possible to open a bank account in the UAE online, some local banks require an in-person visit for verification.
Eligibility requirements to open a bank account in the UAE without an Emirates ID (non-residents):
- An original and valid passport
- Proof of permanent address in the home country (electricity bill, tenant contract)
- Proof of funds (salary certificate, Indian bank statement).
- Original KYC documents for verification.
- Bank Reference Letter/NOC from your Indian bank.
- In-person visit for final approval.
Eligibility requirements for residents with an Emirates ID:
- An original and valid passport
- Mandatory Emirates ID
- UAE Residence visa
- Proof of address in the UAE (tenancy contract or lease agreement).
- Bank statement or salary slips as proof of sufficient income (minimum AED 5,000 for certain accounts).
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Steps to open a bank account in the UAE for Indians
The following is the step-by-step way to open a bank account in the UAE:
Step 1: Select a bank in the UAE that offers non-resident banking options and choose the correct savings account.
Step 2: Gather the necessary documents based on your eligibility, whether you are a resident or a non-resident.
Step 3: Apply online via the bank's digital banking services or visit the nearest branch for in-person biometric verification.
Step 4: Submit and verify the documents, then fund your account with the initial deposit.
Step 5: Receive account approval details, which include debit/credit card information.
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