IDBI Bank UAE Branch
The IDBI Bank DIFC branch primarily serves corporate customers. For any queries regarding its services, you can visit the branch at the address listed below.
| Office Address |
IDBI Bank Ltd- DIFC Corporate Banking Branch, P.O. Box No. 506805, Level 3, Gate Village - 5,
Dubai International Financial Centre, Dubai, UAE.
|
| Fax Number |
+9714 323 1401 |
| Phone Number |
+9714 323 1400 |
Note: The IDBI Bank UAE branch does not offer retail banking services. This means customers cannot open personal accounts or access NRI (Non-Resident Indian) banking services at the branch. It does not provide services such as opening savings or current accounts, accepting retail deposits, issuing debit cards, or processing personal loans.
IDBI Bank NRI Services
The Dubai branch does not have a retail banking service, so the branch won’t be able to help NRIs open an account. However, NRI accounts are opened in India, not in the UAE, so NRIs can open an account with IDBI Bank in India. Customers can still enjoy NRI account benefits even from the UAE.
- NRIs can open a fixed deposit or savings account. This is further subdivided into Foreign Currency Non-Resident (FCNR), NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts.
- To open an NRI account, the customer should provide identity and address proof for KYC purposes. Required documents have to be attested by an Indian Embassy or other authorised officials.
- For customers interested in NRI investment options in India, IDBI Bank has investment options available along with advisory services.
- NRI accounts are under the guidelines of the Reserve Bank of India and follow India’s banking rules rather than those of the UAE. However, based on the tax rules of the UAE, you may have to declare your earnings from these deposits.
- Through this account, NRIs can transfer money from the UAE to India conveniently and on a secure platform.
- NRIs can open a recurring deposit account where they will deposit a small amount monthly for a selected tenure. NRIs can earn interest from this deposit at a fixed rate decided during account opening.
Conclusion
Having an NRI account with IDBI Bank can help you access investment plans and manage your money in India more easily. If you are a corporate NRI customer, you can visit the branch in the UAE for any services provided by the bank. However, for other NRIs, due to a lack of retail banking services, the branch may not be of much help.
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