Bank of Baroda is one of the top Indian banks and also has a significant presence across the globe via branches, representative offices, and more. Bank of Baroda is one of the many Indian banks operating in Singapore. Inaugurated on 19 September 2006, Bank of Baroda Singapore is a wholesale bank. The bank has received a license from the Monetary Authority of Singapore to carry out banking operations in Singapore. In this blog, we’ll look at the list of Bank of Baroda Singapore branches with contact details, addresses, and more.
SBNRI is a business partner of leading Indian banks like HSBC Bank, Axis Bank, Yes Bank, DBS Bank etc. NRIs can apply for an NRE/ NRO account with top banks by clicking the below button.
Also read: List of Indian Banks in Singapore: Address, Contact Details
Bank of Baroda Singapore Branch Details
Bank of Baroda operates one branch in Singapore. Below mentioned are the details of the said branch:
Bank of Baroda Wholesale Banking Unit Singapore
| Branch | Bank of Baroda Wholesale Banking Unit (Singapore) |
| Address | 9, Raffles Place, #34-02 Republic Plaza, Singapore – 048619 |
| Phone Number | – (0065) 65367749 |
| Email ID | [email protected] |
Also read: SBI Singapore Branches List: Address, Contact Details
Bank of Baroda Singapore NRI Customer Care Number
NRIs living in Singapore can connect via +91 79-49044100 to get their queries/complaints resolved.
Bank of Baroda Singapore Branch Services for NRIs
NRIs living in Singapore can enjoy many banking and investment services offered by the Bank of Baroda:
- Term Deposits
- Current Account
- Corporate Credit Facilities
- Corporate Deposits
- Trade Finance
Bank of Baroda NRI Savings Accounts
Any Non-Resident Indian (NRI) and Person of Indian Origin (PIO) can open an NRI bank account with Bank of Baroda to meet their banking and financial needs in India. Bank of Baroda allows NRI account holders to access their accounts from abroad and during their visit to India. They can remit funds to their loved ones in India and invest in Indian market through the Bank of Baroda NRI savings account. Bank of Baroda NRI account interest rate can be up to 3.35% per annum.
Types of Bank of Baroda NRI Savings Accounts
Bank of Baroda NRE Account
BOB NRE account allows NRIs and PIOs to park their earnings, in a foreign currency, in a rupee-denominated account in India. Key benefits of Bank of NRE accounts are as under:
- Full repatriability of entire funds (Principal and interest).
- Offers easy liquidity and convertibility.
- Offer remittance facilities.
- Bank of Baroda NRE account interest rate range from 2.75% to 3.35% p.a.
- NRE account can be opened jointly with an eligible NRI or PIO.
Bank of Baroda NRO Account
NRIs can deposit their foreign earnings as well as Indian income such as pension, dividends and rent in a Bank of Baroda NRO account. An Indian resident can convert his/her existing domestic account into an NRO account after becoming an NRI. Here are the features and benefits of the BOB NRE account:
- The principal component is not fully repatriable while the interest is repatriable to anywhere around the world after payment of applicable taxes.
- You can mandate your family member in India to operate the account in your absence.
- Cheque book facility available.
- NRO savings accounts are subject to withholding tax at 30.90% plus applicable surcharge where DTAA is not applicable.
- Bank of Baroda NRO interest rate is up to 3.35% p.a.
Baroda Premium NRE Savings Bank Account
High-value NRI customers of Bank of Baroda can open a Baroda premium NRE savings account to enjoy value-added propositions and privileges. Here are the benefits of Baroda premium NRE savings account:
- Free remittance if the beneficiary holds his/her account at any branch in India.
- Free of cost demand draft/ banker’s cheque.
- Free of cost custodial services.
- Free 24×7 account access through Bank of Baroda net banking.
- Principal and interest are fully repatriable.
- Tax exemption on interest earned.
Bank of Baroda NRI Account Opening in Singapore
To open Bank of Baroda NRI account, NRIs/ PIOs in SIngapore, you need to take the following steps:
- Fill the Bank of Baroda NRI account opening form available on the bank’s website.
- Fill in the required information.
- Submit the duly completed Bank of Baroda NRI account opening form along with supporting documents to Bank of Baroda branch in Singapore.
- Signature of the applicant/s on the application and all the documents enclosed with the application to be verified by a bank official or Indian High Commission/ Consulate/ Embassy or Notary Public.
- Account can be opened in the name of an NRI/ PIO singly or jointly with another NRI/ PIO. Or jointly with Resident Indian with operational instructions ‘Former or Survivor’.
Documents Required for BOB NRI Account Opening
Here are the documents required to apply for a Bank of Baroda NRI account opening in Singapore. All documents should be self-attested:
- Passport size photographs (2) signed by the applicants
- Photocopy of passport including visa page and relevant address pages
- DEWA Bill/ Telephone Bill/ Evision bill/ Tenancy Contract as address proof.
- Letter from the employer on the company’s letterhead
- Copy of labor card
- Copy of PAN card (for NRO Account)
NRI Account Opening through SBNRI
To apply for an NRI account online, you have two options. You can either click the “Apply for NRI” button on this page or utilize the SBNRI app. The SBNRI app is a unique platform designed specifically for the convenience of opening an NRI account online. Here are the simple steps to apply for an online NRI account using the SBNRI app:
- Download the SBNRI app from either the Google Play Store or App Store.
- Log in to the app using your credentials.
- Tap on the “Open NRI account” button and choose the desired bank from the provided list.
- Utilize the in-app scanning feature to scan and upload your KYC documents.
- Finally, click on the “Apply” button, and your application will be submitted.
By following these steps, you can easily apply for an NRI account online using the user-friendly SBNRI app.
Contact SBNRI
NRIs living in Singapore can avail a variety of online financial services available in India, including NRO, NRE account opening, investment in India, tax filing, and more. You can download SBNRI App to apply for an NRI account with nominal documentation in just 10 minutes.
You can also click on the button below to open an NRI account. Also visit our blog and YouTube Channel for more details.
FAQs
Does Bank of Baroda have international branches?
- Bank of Baroda has a presence in 107 international locations in 24 different countries with branches, representative offices, and more.
Is Bank of Baroda available in Singapore?
- Yes, Bank of Baroda services are available in Singapore via their branch office. Please refer to the Bank of Baroda Singapore Details in the above blog
Which Indian banks have branches in Singapore?
- Currently eight Indian banks are present in Singapore. While Bank of Baroda, Bank of India, Indian Bank, Indian Overseas Bank, UCO Bank, and Axis Bank have one branch each, there are two branches of ICICI Bank and five SBI branches in Singapore.
Can I use Bank of Baroda account in Singapore?
- Yes, you can use Bank of Baroda services in Singapore and internationally via net banking and mobile banking. For international usage of Bank of Baroda Debit card, you need to activate international usage by logging into their net banking website or by calling customer care.
What is the swift code of Bank of Baroda Singapore?
- The SWIFT Code of Bank of Baroda Singapore is BARBSGSG.
