When it comes to managing your finances in Dubai, Indian banks offer a range of seamless solutions tailored to the needs of the Indian community. With a robust network of branches and ATMs spread across the city, these top 15 Indian banks in Dubai provide a wide array of services, including remittances, personal loans, NRI deposits, and wealth management. These banks bring the reliability and trust of Indian banking to Dubai, making it easier than ever for Indians to manage their money while living, working, or travelling in the UAE.
The Indian expat community in Dubai has seen remarkable growth in recent years, becoming a vibrant and integral part of the city’s diverse population. Comprising skilled professionals, entrepreneurs, and families, this community has made substantial contributions to Dubai’s economic and cultural landscape.
As their numbers continue to rise, there is a parallel increase in the demand for specialized services tailored to their unique needs, especially in the realm of banking. Non-resident Indians (NRIs) and expats require access to reliable and familiar banking services that align with their financial preferences.
Recognizing this demand, several Indian banks have established a robust presence in Dubai, offering a comprehensive range of services. These services include NRI accounts, remittance options, and investment opportunities. The banks understand the importance of providing a seamless banking experience that resonates with the expectations and practices of their customers, fostering trust and ease in financial transactions.
From the distinguished State Bank of India to the prominent HDFC Bank and ICICI Bank, along with the innovative Kotak Mahindra Bank and the well-established Bank of Baroda, we will delve into the key players in India’s banking sector that occupy a leading position in Dubai. These institutions contribute significantly to shaping and influencing the banking landscape in the city.
The symbiotic relationship between the growing Indian expat community and the dedicated services offered by Indian banks in Dubai reflects the dynamic nature of international migration. It also highlights the adaptive strategies employed by financial institutions to meet the evolving needs of their customers in this cosmopolitan setting.
List of 15 Best Indian Banks in Dubai
The presence of prominent Indian banks in Dubai enhances familiarity for expats and streamlines financial interactions. The diverse banking landscape in Dubai, catering to both residents and businesses, comprises a mix of local and international institutions.
The top 15 Indian banks in Dubai, providing conventional and financial solutions, exemplify the emirate’s economic vibrancy. Serving as a crucial financial bridge between India and the UAE, these banks play a pivotal role in facilitating comprehensive financial services and transactions, contributing significantly to the dynamism of Dubai’s flourishing economy.
- State Bank of India
- HDFC Bank
- Kotak Mahindra Bank
- Punjab National Bank
- Union Bank of India
- Bank of Baroda
- South Indian Bank
- ICICI Bank
- Axis Bank
- Bank of India
- Canara Bank
- IDBI Bank
- IndusInd Bank
- Federal Bank
- Oriental Bank of Commerce
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- 15 Best Investment Banks In Dubai for Residents & Expats
1. State Bank of India
Bank Details
| Website | db.statebank |
| Address | 709-710, Level 7, Gate Precinct Buildings 3, Dubai International Financial Centre, Post Box No: 482033, Dubai, United Arab Emirates |
| Contact Number | +971 43266675 |
| Fax | +971 43544429 |
| Email Address | sbidifc.ae@statebank.com |
SBI Dubai Branch, established in 2007 and regulated by the Dubai Financial Services Authority (DFSA), plays a pivotal role in fostering economic ties between India and the UAE. The branch offers a diverse range of services tailored to both corporate and individual clients in Dubai.
Its presence in Dubai reinforces its commitment to enhancing economic cooperation and providing a comprehensive suite of financial services to both corporate entities and individuals within the Indian expatriate community in Dubai.
Services:
- Trade and Industrial Financing: Tailored financial solutions to meet the specific needs of trade and industrial businesses.
- Investment Banking: Comprehensive investment banking services, facilitating strategic financial transactions.
- Corporate Banking: Specialized banking services catering to the diverse needs of corporate clients.
- Regulatory Compliance: Ensuring adherence to DFSA regulations, guaranteeing a secure and compliant banking environment.
- Foreign Exchange Services: Efficient currency exchange services for seamless international transactions.
- Wealth Management: Expert guidance in wealth management, assisting clients in making informed financial decisions.
- Digital Banking Solutions: Access to cutting-edge digital banking tools for convenient and secure financial transactions.
2. HDFC Bank
Bank Details
| Website | hdfcbank.com |
| Address | HDFC Bank Limited, Level 27, Office 2701, Al Fattan Currency House, Tower-2, Dubai International Financial Centre (DIFC), Dubai, United Arab Emirates |
| Contact Number | +971 4 703 8700 |
| Fax | +971 4 354 2211 |
| Email Address | difc.dubai@hdfcbank.com |
HDFC Bank, a prominent Indian financial institution, extends its services to the vibrant expat community in Dubai. Catering to the specific needs of Non-Resident Indians (NRIs) in the UAE, HDFC Bank offers a range of services tailored for seamless financial transactions. HDFC Bank’s presence in Dubai reflects its commitment to providing comprehensive and customer-centric banking solutions for the Indian diaspora in the region.
Services:
- NRI Savings Account: Tailored accounts designed for Indians residing in Dubai, facilitating easy fund management.
- Remittance Options: Efficient and secure transfer of funds between India and Dubai, ensuring quick and reliable transactions.
- NRI Fixed Deposits: Investment opportunities with competitive interest rates, allowing NRIs to grow their wealth.
- Online Banking: Access to a user-friendly online platform, enabling account management, fund transfers, and other banking activities at the expat’s convenience.
3. Kotak Mahindra Bank
Bank Details
| Website | kotak.com |
| Address | Office #703, Level 7, Office Tower 2, Al-Fattan Currency House, DIFC, PO Box 16498, Dubai, United Arab Emirates |
| Contact Number | +971 4 3544455 |
| Fax | +971 292470536 |
| Email Address | info.difc@kotak.com |
Kotak Mahindra Bank has established a significant presence in Dubai, catering to the financial needs of individuals and businesses through its branch in the Dubai International Financial Centre (DIFC).
The bank offers a range of personalized and innovative financial solutions, aligning with its commitment to delivering excellence in banking services. Kotak Mahindra Bank in Dubai reflects the institution’s dedication to providing holistic financial solutions while maintaining a global standard of service excellence.
Services:
- Personal Banking: Tailored banking solutions for individuals, including savings accounts, fixed deposits, and personalized wealth management services.
- Corporate Banking: Comprehensive financial services for businesses, encompassing corporate accounts, trade finance, and treasury solutions.
- Investment Advisory: Expert guidance on investment opportunities and wealth creation strategies.
- DIFC Services: Specialized services within the DIFC, facilitating seamless transactions and compliance with local regulations.
4. Punjab National Bank
Bank Details
| Website | pnbdubai.com |
| Address | Punjab National Bank, 802, The Gate Building, West Wing, P.O. Box 506844, Dubai International Financial Centre, Dubai, United Arab Emirates |
| Contact Number | +971 4 325 7727 |
| Fax | +971 4 325 7256 |
| Email Address | pnbdifc@pnbdubai.com |
Punjab National Bank extends its reputable banking services to Dubai, catering to the financial needs of residents and businesses in the region. Committed to excellence, PNB in Dubai offers a diverse range of financial solutions, ensuring a comprehensive banking experience.
With a strong commitment to customer satisfaction, Punjab National Bank in Dubai stands as a reliable partner in financial prosperity.
Services:
- Retail Banking: PNB provides a spectrum of retail banking services, including savings and current accounts, fixed deposits, and personalized wealth management.
- Corporate Banking: Tailored solutions for businesses, encompassing trade finance, working capital loans, and investment advisory services.
- Remittance Services: Efficient and secure international money transfer services for individuals and businesses.
- Digital Banking: Accessible online and mobile banking platforms, facilitating convenient and swift transactions.
- Trade Finance: PNB Dubai supports international trade through a variety of trade finance products, ensuring seamless cross-border transactions.
5. Union Bank of India
Bank Details
| Website | hdfcbank.com |
| Address | Union Bank of India, DIFC, Dubai, Gate Village 10, Unit no 208-210, Dubai International Financial Centre, Dubai, United Arab Emirates |
| Contact Number | +971 4 388 7200, +971 4 388 2975 |
| Fax | NA |
| Email Address | difc.dubai@unionbankofindia.bank |
Union Bank of India has established its presence in Dubai with a dedicated branch located in the Dubai International Financial Centre (DIFC). The bank offers a range of financial services to cater to the diverse needs of customers in the region.
With its presence in the heart of Dubai’s financial hub, Union Bank of India aims to contribute to the economic growth of the region by providing comprehensive and customer-centric banking solutions.
Services:
- Retail Banking: Union Bank offers a variety of retail banking services, including savings and current accounts, fixed deposits, and personal loans.
- Corporate Banking: The bank caters to the financial requirements of businesses through corporate banking services, including business loans, trade finance, and treasury services.
- NRI Services: Union Bank provides specialized services for Non-Resident Indians (NRIs), facilitating NRI accounts, remittances, and investment options.
- Trade Finance: The bank supports international trade through trade finance services such as letters of credit, export/import financing, and documentary collections.
- Online Banking: Customers can conveniently access and manage their accounts through Union Bank of India’s online banking platform.
6. Bank of Baroda
Bank Details
| Website | bankofbarodauae.ae |
| Address | P.O. Box 3162 Govt. of Dubai Real Estate Building, Ali Bin Abi Talib Street Bur Dubai, United Arab Emirates |
| Contact Number | +971 43136666, +971 43136600, +971 43136616 |
| Fax | +971 4 353 6962 |
| Email Address | dubai@bankofbaroda-uae.ae |
Bank of Baroda in Dubai is a dynamic financial institution that has transformed itself through a comprehensive Business Transformation Programme, focusing on Technology, People, Processes, and Products. Bank of Baroda’s success is a testament to its commitment to excellence, making it a preferred choice in the Dubai banking landscape.
Established in 1908, the bank has evolved from a small building in Baroda to the modern Baroda Corporate Centre in Mumbai, showcasing a journey of vision, financial prudence, and corporate governance.
Services:
- Comprehensive Financial Solutions: Bank of Baroda serves as a one-stop financial partner, addressing diverse financial needs for individuals and businesses.
- Cutting-edge Technology: Embracing modern technology, the bank provides innovative and efficient banking solutions.
- Rewarding Careers: Employees benefit from rewarding career opportunities, fostering a motivated and skilled workforce.
- Investor Relations: The bank ensures maximum return on investment for its investors and business partners.
7. South Indian Bank
Bank Details
| Website | southindianbank.com |
| Address | M-02, Mezzanine Floor, The Atrium Centre, Bank Street, Al Mankhool, Bur Dubai, P.O.Box No. 122611, Dubai, United Arab Emirates |
| Contact Number | +971 43308877 |
| Fax | NA |
| Email Address | dxbrep@sib.co.in |
South Indian Bank, a pioneer in South India’s banking sector, has extended its reach to Dubai, contributing to the city’s vibrant financial landscape. Committed to its founding principles from the Swadeshi movement, the bank in Dubai emphasizes providing a secure and service-oriented platform for community savings.
With a legacy rooted in community welfare and financial empowerment, South Indian Bank in Dubai stands as a testament to its commitment to fostering economic growth and prosperity in the region.
Services:
- Secure Savings: Offering a reliable repository for the local community’s savings, ensuring safety and trust.
- Efficient Banking: Upholding efficiency in financial transactions and services to meet the diverse needs of clients.
- Credit Solutions: Addressing the financial requirements of the business community, South Indian Bank provides need-based credit at competitive interest rates.
8. ICICI Bank
Bank Details
| Website | icicibank.ae |
| Address | HDFC Bank Limited, Level 27, Office 2701, Al Fattan Currency House, Tower-2, Dubai International Financial Centre (DIFC), Dubai, United Arab Emirates |
| Contact Number | +971 4 703 8700 |
| Fax | +971 4 354 2211 |
| Email Address | difc.dubai@hdfcbank.com |
ICICI Bank’s presence in Dubai, established in 2005, operates under a Category-1 License granted by the Dubai Financial Services Authority. This license permits comprehensive corporate and commercial banking operations in the UAE region, catering specifically to Professional Clients and Market Counterparties.
ICICI Bank’s DIFC Branch, as a Category-1 Bank, plays a pivotal role in fostering economic activities within Dubai, emphasizing its commitment to serving the corporate sector through specialized and comprehensive banking services.
Services:
- Corporate Banking: Offering a suite of financial solutions tailored for businesses.
- Trade Finance: Facilitating international trade transactions and financing.
- Treasury Services: Managing and optimizing clients’ financial assets and liabilities.
- Private Banking: Providing personalized financial services to high-net-worth individuals.
9. Axis Bank
Bank Details
| Website | axisbank.com |
| 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, Al Karama, Dubai, United Arab Emirates |
| Contact Number | +971 43343688 |
| Fax | NA |
| Email Address | NA |
Axis Bank, a prominent Indian financial institution, extends its reach to Dubai, reinforcing its global presence. In the heart of this thriving financial hub, Axis Bank offers a spectrum of services catering to diverse financial needs. With a commitment to excellence, Axis Bank continues to contribute significantly to the financial landscape in Dubai, connecting the region to the broader global economy.
Services:
- Retail Banking: Axis Bank brings its expertise to retail customers, providing a range of personalized banking solutions.
- Corporate Banking: Tailored to meet the demands of businesses, Axis Bank offers comprehensive corporate banking services, fostering financial growth.
- Trade Finance: Facilitating international trade, Axis Bank in Dubai plays a pivotal role in trade finance, ensuring seamless transactions.
- Treasury Services: Leveraging its financial acumen, Axis Bank provides treasury services, optimizing financial strategies for clients.
- NRI Banking: Addressing the requirements of Non-Resident Indians, Axis Bank in Dubai offers specialized NRI banking services.
10. Bank of India
Bank Details
| Website | bankofindia.co.in |
| Address | Bank Of India, DIFC Branch, S1902, Level 19, South Tower,Emirates Financial Towers, DIFC, P O Box 507310, Dubai, United Arab Emirates |
| Contact Number | +971 43273437, +971 43527291, +971 43527292 |
| Fax | +97143527286 |
| Email Address | boi.dubai@bankofindia.co.in |
Bank of India’s DIFC Offshore Banking Unit, established in April 2015, holds a Category 1 license from the Dubai Financial Services Authority (DFSA). This accreditation allows professional clients worldwide to access international markets for their financial needs. The unit specializes in providing a comprehensive portfolio of deposit and loan products. Regulated by the DFSA, the branch ensures compliance with international standards.
Bank of India’s DIFC Offshore Banking Unit is committed to providing top-notch financial services to professional clients, combining global access with regulatory compliance.
Services:
- Global Financial Access: Leverage the Offshore Banking Unit’s Category 1 license for international market transactions.
- Deposit Products: Explore a range of deposit options tailored to meet diverse financial needs.
- Loan Facilities: Access customized loan solutions to support various business and personal requirements.
- Advanced Infrastructure: Benefit from state-of-the-art IT and communication facilities for optimal customer service.
11. Canara Bank
Bank Details
| Website | hdfcbank.com |
| Address | Emirates Financial Towers, Level 5, Office No. N 504, Dubai International Financial Centre (DIFC), P.O. Box 507037, Dubai, United Arab Emirates |
| Contact Number | +971 4359 1668 |
| Fax | +9714327 7172 |
| Email Address | difcdubai@canarabank.com |
Canara Bank, a prominent Indian financial institution, extends its reach to Dubai, reinforcing its global presence. Situated in the heart of the UAE’s financial hub, Canara Bank’s Dubai branch offers a spectrum of financial services to cater to diverse needs.
It stands as a testament to its commitment to serving the financial needs of the Indian diaspora and fostering economic ties between India and the UAE.
Services:
- Retail Banking: Canara Bank provides comprehensive retail banking services, including savings and current accounts for individuals.
- Corporate Banking: Tailored solutions for businesses, encompassing corporate accounts, trade finance, and investment services.
- Remittances: Swift and efficient fund transfers for both individuals and businesses, facilitating seamless international transactions.
- Trade Finance: Specialized services to support international trade, such as letters of credit and export-import financing.
- NRI Services: Dedicated offerings for Non-Resident Indians, including NRI accounts and investment options.
12. IDBI Bank
Bank Details
| Website | idbibank.in |
| 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, United Arab Emirates |
| Contact Number | +9714 323 1400 |
| Fax | +9714 323 1401 |
| Email Address | sinha@idbi.co.in |
IDBI Bank, a prominent Indian financial institution, extends its services to Dubai, catering to the banking needs of Non-Resident Indians (NRIs). In the heart of Dubai, IDBI Bank’s presence offers a range of comprehensive services tailored to the NRI community.
Its presence in Dubai reflects its commitment to serving the global Indian diaspora, facilitating seamless financial transactions and wealth management for NRIs in the vibrant city.
Services:
- NRI Banking Solutions: IDBI Bank in Dubai provides specialized banking solutions for NRIs, addressing their unique financial requirements.
- Accounts and Deposits: Offering a variety of NRI-centric accounts and deposit products, including NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts.
- Remittance Services: Swift and secure money transfer services for NRIs to seamlessly send funds across borders.
- Loan Facilities: Tailored financial solutions such as home loans, education loans, and more, designed to meet the specific needs of NRIs in Dubai.
- Investment Advisory: Providing expert guidance on investment opportunities in India, helping NRIs make informed financial decisions.
13. IndusInd Bank
Bank Details
| Website | indusind.com |
| Address | 204/206 Al Safa Com, Khalid Bin Waleed Road,Opp. Burjuman Centre P.O Box No. 111873, Dubai, United Arab Emirates |
| Contact Number | +971 4397 8803 |
| Fax | NA |
| Email Address | NA |
IndusInd Bank has established a significant presence in Dubai, offering a range of financial services to cater to the diverse needs of customers in the region. It focuses on providing seamless banking solutions and enhancing the overall financial experience for individuals and businesses. Its commitment to delivering customer-centric solutions underscores its position as a reliable financial partner in the vibrant economic landscape of Dubai.
Services:
- Multi-Currency Forex Travel Card: IndusInd Bank facilitates convenient international travel with its multi-currency forex travel card, allowing customers to make transactions in various currencies without the hassle of currency conversion.
- Comprehensive Banking Solutions: The bank provides a suite of banking services, including account management, wealth management, and investment advisory, catering to both personal and business banking needs.
- Tailored Financial Products: IndusInd Bank in Dubai offers a range of financial products such as loans, insurance, and investment options tailored to meet the specific requirements of customers in the dynamic Dubai market.
- Digital Banking: With a focus on technological innovation, the bank ensures that customers in Dubai have access to cutting-edge digital banking services, facilitating secure and convenient transactions.
14. Federal Bank
Bank Details
| Website | federalbank.co.in |
| Address | The Federal Bank Ltd, Dubai Representative OfficePB No.117728, 1305 Al Mussalla Tower, Bank Street, Bur Dubai, United Arab Emirates |
| Contact Number | +971 4 282 6422, +971 4 3429262 |
| Fax | +971 4 342 2699 |
| Email Address | dxb@federalbank.co.in |
Federal Bank, a prominent Indian banking institution, extends its financial prowess to Dubai, catering to the needs of Non-Resident Indians (NRIs). With a dedicated NRI banking division, Federal Bank offers a range of services tailored to meet the unique requirements of its customers in Dubai.
Federal Bank in Dubai reinforces its commitment to serving the global Indian diaspora, ensuring convenient and reliable financial solutions for NRIs in the UAE.
Services:
- NRI Accounts: Comprehensive range of NRI account options, including savings and fixed deposits.
- Remittance Services: Efficient and secure international money transfer services for seamless fund transfers.
- NRI Loans: Tailored loan solutions for NRIs looking to invest in property or meet financial needs in India.
- Online Banking: Robust online banking platform for easy access and management of accounts.
- Investment Advisory: Expert advice on investment opportunities in India, assisting NRIs in making informed financial decisions.
15. Oriental Bank of Commerce
Bank Details
| Website | oriental-bank-of-commerce-dubai |
| Address | P.O. Box No. 103946, Dubai, United Arab Emirates |
| Contact Number | +971 4 3975920 |
| Fax | +971 4 3975921 |
| Email Address | obcdubai@yahoo.com |
Oriental Bank of Commerce (OBC), a distinguished Indian bank, has expanded its services to Dubai, solidifying its presence in the dynamic financial sector. The bank is dedicated to providing a broad range of banking solutions, catering to diverse financial needs. Its commitment to delivering comprehensive services reflects its proactive approach to meeting the demands of the ever-changing financial landscape in Dubai, showcasing a strong dedication to customer satisfaction.
Services:
- Corporate Banking: OBC offers tailored financial solutions for businesses, fostering growth and sustainability.
- Retail Banking: Providing a range of retail services, from savings accounts to personal loans, ensuring convenience for individual customers.
- Trade Finance: Facilitating international trade transactions with efficient and reliable trade finance services.
- Remittances: Swift and secure money transfer services, connecting customers globally.
- Wealth Management: OBC assists clients in managing and growing their wealth through strategic investment and financial planning.
- Digital Banking: Embracing technological advancements, OBC in Dubai offers online and mobile banking for convenient access to financial services.
Insights from the Indian Embassy Report: Indian Community in the UAE
Size and Distribution of the Indian Community in the UAE
- Indians make up 30% of the UAE’s population, with an estimated 3.5 million residents in 2021.
- Approximately 20% live in Abu Dhabi, while the rest are spread across the six northern emirates, including Dubai.
- Kerala contributes the largest share, followed by Tamil Nadu and Andhra Pradesh.
Employment and Demographic Profile
- 65% of Indian expatriates work in blue-collar jobs, primarily in construction, agriculture, and municipal roles.
- 20% are in white-collar non-professional roles like clerical staff and sales.
- 15% are professionals, businessmen, or family dependents.
Contribution and Recognition
- Indians are recognized for their technical skills, discipline, and low crime rates, contributing significantly to UAE’s development.
- Several Indians have been honored with prestigious awards, including the Pravasi Bharatiya Samman Award and Padma Shri.
Conclusion
In conclusion, the presence of Indian banks in Dubai plays a crucial role in facilitating financial services for both residents and expatriates. These banks not only cater to the diverse financial needs of the Indian community but also contribute significantly to the overall economic landscape of the region.
With a range of services, including savings accounts, loans, and investment opportunities, these banks provide a bridge for individuals to seamlessly manage their finances. For residents, having Indian banks in Dubai fosters a sense of familiarity and trust, as they can access services that align with their cultural and financial preferences. Expatriates benefit from the convenience of maintaining connections with their home country’s financial institutions while navigating the international financial landscape.
The robust presence of Indian banks in Dubai exemplifies the city’s status as a global financial hub that accommodates the diverse needs of its multicultural population. Overall, the collaboration between Indian banks and Dubai enhances financial inclusivity, fosters economic growth, and reinforces the strong ties between the two regions.
