Dubai stands out as a global finance hub, drawing international businesses and Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). with its strategic location, advanced infrastructure, and business-friendly policies. NRIs find Dubai appealing due to its tax advantages, diverse investment opportunities, and robust regulatory environment. To cater to the financial needs of this community, several Indian banks have established a presence in the city. Such presence of Indian banks in Dubai has helped a lot of NRIs/OCIs to get seamless and hassle-free access to NRI services. In this blog, we’ll provide a comprehensive list of Indian banks in Dubai along with their addresses and contact details.
Did You Know: A Quick Fun Fact
In recent years Dubai and other cities in the United Arab Emirates(UAE) have been home to a growing number of Indian expatriates with a population of over 3.9 million Indian expatriates in the UAE (38% of the total population).
Also read: List of Indian Banks in Abu Dhabi: Address, Contact Details
List of Indian Banks in Dubai: Branches & Contact Details
Many Indian banks including the State Bank of India, ICICI Bank, Bank of Baroda, HDFC Bank, Kotak Mahindra, etc. operate in Dubai through their overseas branches, subsidiaries, or representative offices. These banks offer several banking and investment services to Non-Resident Indians (NRIs) staying in Dubai, UAE. Listed below are Indian banks in Dubai:
- State Bank of India
- HDFC Bank
- Kotak Mahindra Bank
- Punjab National Bank
- Bank of Baroda
- Union Bank of India
- ICICI Bank
- Axis Bank
- Bank of India
- Canara Bank
- IDBI Bank
- IndusInd Bank
- Federal Bank
Also read: List of Indian Banks in New York: Address, Contact Details
State Bank of India(SBI) Branch in Dubai
Given below is the address of the SBI Bank Dubai Branch:
| Address | 709-710, Level 7, Gate Precinct Buildings 3, Dubai International Financial Centre, Dubai, United Arab Emirates, Post Box No: 482033 |
| Contact Number | +971.4.3266675 |
| Fax | +971.4.3544429 |
| [email protected] |
HDFC Bank Branch in Dubai Address
Given below is the address of HDFC Bank, Dubai Branch (Representative Office):
| Address | HDFC Bank Representative Office, 104, Jumaal Majid Commercial Building, Opp Bur Juman Centre, Trade Centre Road, P.O. Box No.64546, Dubai, UAE |
| Contact Number | +00971 – 43170000 |
| Contact Person | Naresh Chandiramani |
| Fax Number | +00971 – 43967010 |
| Email ID | [email protected] |
| Working Hours | Mon- Fri : 9:00 AM – 5:00 PMSat : 9:00 AM – 1.00 PMSun : Holiday |
Kotak Mahindra Bank Branch in Dubai
Given below is the address of Kotak Mahindra Bank Dubai Branch(DIFC Office):
| Address | Office #703, Level 7, Office Tower 2Al-Fattan Currency House, DIFC, PO Box 16498, Dubai |
| Contact Number | +971 4 3544455 |
| Fax No | 02 9247 0536 |
| Email ID | [email protected] |
Punjab National Bank (PNB) Branch in Dubai
Given below is the address of the Punjab National Bank Dubai Branch(DIFC Office):
| Address | Punjab National Bank, 802, The Gate Building, West Wing, P.O. Box 506844, Dubai International Financial Centre, Dubai-UAE |
| Contact Number | +971-4-325 7727 |
| Fax No. | +971-4-325 7256 |
| Email ID | [email protected] |
Bank of Baroda Dubai Branch Address
Given below is the address of the Bank of Baroda Dubai Branch:
| Branch | Bank of Baroda Dubai |
| Address | P.O. Box 3162 Govt. of Dubai Real Estate Building, Ali Bin Abi Talib Street Bur Dubai, UAE |
| Contact Person | Mr. Nishant Ranjan (GM Chief Executive, GCC Operations) |
| Phone Number | – (00971) 43136666– (00971) 43136600– (00971) 43136616 |
| Email ID | [email protected] |
Union Bank of India Dubai Branch Address
Given below is the address of the Union Bank of India Dubai Branch(DIFC Office):
| Address | Union Bank of India, DIFC, Dubai, Gate Village 10, Unit no 208-210, Dubai International Financial Centre, Dubai, UAE. |
| Contact Number | +971 4 388 7200 / 2975 |
| Email ID | [email protected] |
ICICI Bank Dubai Branch Address
Given below is the address of the ICICI Bank Dubai Branch(DIFC Office):
| Address | ICICI Bank Limited (DIFC Branch) Central Park Building, Office Tower 27-31 and 27-32 Level 27, Dubai International Financial Centre, Dubai, U.A.E |
| Contact Number | 00971-4-3696400 |
| Email ID | [email protected] |
Axis Bank Dubai Branch Address
Given below is the address of Axis Bank Limited, Dubai Representative office:
| Address | Office No.105, 1st Floor, Al Safa Business Centre, Plot No.318-883, Street No.19, PO Box.122504, Opp. Dubai Central Post Office, Karama, Dubai, UAE |
| Telephone Number | 00971-43343688 |
Bank of India Dubai Branch Address
Given below is the address of Bank of India Dubai office:
| Address | Bank of India, DIFC Branch, 1902, 19th floor (South Tower), Emirates Financial Towers, P.O.Box 507310, DIFC, Dubai |
| Phone Number | +971 43 273437+971 43 527292 |
| Fax Number | +971 43 527286 |
| Email ID | [email protected] |
Canara Bank Dubai Branch Address
Given below is the address of Canara Bank Dubai office:
| Address | NO. N 504, LEVEL5, PO BOX NO. 507037EMIRATES FINANCIAL TOWERS DUBAI INTERNATIONAL FINANCIAL CENTRE, DUBAI, UAE |
| Phone Number | 00971 43591668 |
| Fax Number | 0097143277172 |
| Email ID | [email protected] |
IDBI Bank Dubai Branch Address
Given below is the address of IDBI Bank Dubai office:
| Address | IDBI Bank Ltd- DIFC Corporate Banking Branch,[Regulated by the DFSA]P.O. Box No. 506805, Level 3, Gate Village – 5, Dubai International Financial Centre, Dubai, UAE |
| Phone Number | +9714 323 1400 |
| Fax Number | +9714 323 1401 |
IndusInd Bank Dubai Branch Address
Given below is the address of IndusInd Bank Dubai Representative Office:
| Address | 204/206 Al Safa Com, Khalid Bin Waleed Road,Opp. Burjuman Centre P.O Box No. 111873, Dubai, UAE |
| Phone Number | +97143978803 |
Federal Bank Dubai
Given below is the address of the representative office of Federal Bank in Dubai:
| Address | The Federal Bank Ltd, Dubai Representative OfficePB No.117728, 1305 Al Mussalla Tower, Bank Street, Bur Dubai, UAE. |
| Phone Number | +971 4 282 6422, +971 4 3429262 |
| Email address | [email protected] |
| Chief Representative Officer (Dubai) | Mr. Sherin K KuriakoseEmail: [email protected] |
Top Indian Bank for NRI Account Opening in Dubai
Here are some of the best NRI accounts for NRIs living in the Dubai, UAE:
| Bank | INTEREST RATE (%) P.A. | Minimum Monthly Balance required |
| HSBC Bank | 2% to 2.5% per annum | Average Quarterly Balance (AQB) of Rs 150,000 or more in a combination of savings account, current account and fixed deposit balances |
| DBS Bank | 3% to 3.5% per annum | An initial deposit of INR 5 lakhs is required. Subsequently, the Total Relationship Value (TRV) needs to reach a minimum of INR 30 lakhs within a span of 6 months |
| SBI | – Balance < Rs. 10 cr: 2.70%– Balance Rs. 10 cr & above: 3.00% | – Rs. 1 lakh for Metro & Urban areas and– Rs. 50,000 for Semi-Urban and rural areas |
| HDFC Bank | – 3.50% (Rs. 50 Lakhs and above)– 3% (below 50 Lakhs) | Metro / Urban branches: AMB Rs.10,000Semi-Urban Branches: AMB Rs.5,000Rural Branches: AQB Rs.2,500 |
| ICICI Bank | – For balance Rs. 50 lakh or above: 3.50%– For balance below Rs. 50 lakh: 3% | Rs. 10,000 |
| Federal Bank | – Up to Rs. 1 lakh: 4.25%– Rs. 1 lakh to Rs. 10 lakh: 5.50%– Rs. 10 lakh to Rs. 25 lakh: 6.00%– Rs. 25 lakh and to Rs. 7.5 Crore: 7.00%– Rs. 7.5 Crore to Rs. 25 Crore: 6.25%– Rs. 25 Cr to Rs. 50 Cr: 6.25%– Rs. 50 cr upto Rs. 100 cr: 5.25%– Rs. 100 cr to Rs. 200 cr: 6.00%– Rs. 200 cr to Rs. 400 cr: 4.00%– Rs. 400 cr: 5.25% | The average monthly balance required for FED NRI Power is Rs. 5,000. |
| Yes Bank | – 4% (up to 1 lakh)4.25% (Rs. 1 lakh to 5 lakh)– 5% (Rs. 5 lakh to 10 lakh)– 6% (Rs. 10 lakh to Rs. 1Cr)6.25% (Rs. 1 cr to 10 cr)– 6.00% (Rs. 10cr to Rs. 25 Cr) | Rs. 10,000 |
Note: Interest rates are subject to periodic change.
Also read: NRI Account Opening in UAE: Top NRI Accounts 2024
How to open an NRI account from Dubai?
For NRI account opening in Dubai, NRIs need to visit the official website of the bank if they want to open an NRI account. Locate the NRI account application form and fill the form with relevant details. Once this is done, the bank representative will call you to further assist with the account opening process.
You can also open your NRI account from Dubai online via SBNRI’s partner banks. Please refer to the below section for the online NRI account creation from Dubai.
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
Indian Banks operating in Dubai offer various banking and investment services to NRI retail and corporate customers and citizens, such as NRE/ NRO accounts, fixed deposits, loans, and credit cards.
NRIs living in Dubai and other cities in the UAE can avail of a variety of online financial services available in India, including NRO, NRE account opening, investment in India, tax filing, and a lot 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
Is SBI available in Dubai?
- Yes, State Bank of India has a representative office in Dubai where you can open your NRI account.
Is Kotak Mahindra Bank in Dubai?
- Yes, Kotak Mahindra Bank has a presence in Dubai via its international office in Dubai International Financial Center (DIFC), Dubai, UAE.
Is HDFC available in Dubai?
- Yes, HDFC Bank services is available in Dubai via their representative office. Please refer to the Dubai Representative Details in the above blog.
Which Indian banks have branches in UAE?
- Listed below are Indian banks with branches in Dubai:
- State Bank of India
- HDFC Bank
- Kotak Mahindra Bank
- Punjab National Bank
- Bank of Baroda
- Union Bank of India
- ICICI Bank
- Axis Bank
- Bank of India
- Canara Bank
- IDBI Bank
- IndusInd Bank
- Federal Bank
What is the process of NRI account opening in Dubai?
- For NRI account opening in Dubai, NRIs need to visit the official website of the bank they want to open an NRI account with. Locate the NRI account application form and fill the form with relevant details. Once this is done, the bank representative will call you to further assist with the account opening process.
Are there any restrictions on repatriation of funds from NRI accounts?
- While NRE and FCNR accounts are freely repatriable, allowing funds to be transferred back to the country of residence or any other country without restrictions, repatriation from NRO accounts is subject to specific guidelines set by the Reserve Bank of India (RBI).
Can NRIs open bank accounts in the UAE?
- Yes, NRIs living in the UAE can open Indian bank account provided they have necessary documents. They can apply for the NRI account opening in UAE in online as well as offline mode.
Which bank is best for Indians in Dubai?
- There are many Indian banks in Dubai catering to the NRI and OCI financial needs. You can refer the blog above to find the list of banks in Dubai for NRIs along with their contact details and also the best NRE accounts for NRIs/OCIs in Dubai.
