What does remit mean?

To remit means to send money to someone in another country, usually as a payment or support. In finance, a remittance is a transfer of money by a foreign worker to their home country. In the UAE, remittance (remit) refers to money sent by expat workers — from Indian, Pakistani, Filipino, and other communities — back to their families. The UAE is the world's 3rd largest remittance-sending country, with over $43 billion sent abroad annually. remit.ae is the UAE's independent comparison platform for all CBUAE-licensed remittance providers.

What is remittance in UAE?

Remittance in UAE refers to money transferred by expatriate workers living in the UAE back to their home countries. The UAE sends over $43 billion in remittances annually, making it one of the world's largest remittance-sending nations. The most common corridors are UAE to India (AED to INR, ~$14B/yr), UAE to Pakistan (AED to PKR, ~$6B/yr), UAE to Philippines (AED to PHP, ~$3.5B/yr), and UAE to Bangladesh (AED to BDT, ~$2.5B/yr). All remittance providers in UAE must be licensed by the Central Bank UAE (CBUAE). Compare CBUAE-licensed providers at remit.ae.

Remitly AE (Remitly in the UAE) is a digital money transfer app available in the United Arab Emirates. It is licensed by CBUAE and allows UAE residents to send money internationally — particularly to India, Pakistan, Philippines, and other corridors. Remitly offers two speed options: Economy (1-3 business days, better rate) and Express (minutes, higher fee). Compare Remitly rates versus Al Ansari Exchange, LuLu Exchange, Wise and other UAE providers at remit.ae.

What does e-remit mean?

E-remit (electronic remittance) means sending money internationally through a digital or online platform, without visiting a physical exchange house or bank branch. In the UAE, e-remit services include apps like Wise, Remitly, and WorldRemit, as well as online banking transfer portals from UAE banks. E-remit is popular among UAE white-collar workers for bank-to-bank transfers. For cash pickup and walk-in services, UAE exchange houses like Al Ansari and LuLu Exchange remain the most used. Compare all UAE e-remit and exchange house rates at remit.ae.

What is the best money transfer app in UAE?

The best money transfer app in UAE depends on your destination and priority. Wise: best exchange rate (mid-market), transparent fees, ideal for bank-to-bank. Remitly: fastest delivery (minutes via Express), good for India/Pakistan/Philippines. WorldRemit: good for mobile wallet delivery. For walk-in cash transfers, UAE exchange houses (Al Ansari Exchange, LuLu Exchange, GCC Exchange) have 200+ branches across Dubai, Abu Dhabi, and Sharjah. All must be CBUAE-licensed. Compare current rates at remit.ae — always verify final rate with your provider.

What is the best way to transfer money from UAE to India?

The best way to transfer money from UAE to India (AED to INR) depends on your priority. For the best exchange rate: Wise (mid-market rate). For walk-in with cash: Al Ansari Exchange or LuLu Exchange (200+ UAE branches each). For fastest delivery: Remitly Express (minutes). UAE exchange houses are generally competitive for amounts over AED 1,000. Compare current AED to INR rates from all CBUAE-licensed providers at remit.ae — always verify final rate directly with your provider before sending.

Which is the cheapest money transfer from UAE to India?

The cheapest money transfer from UAE to India changes daily as exchange rates fluctuate. Wise typically offers the mid-market AED to INR rate with a small transparent fee. Al Ansari Exchange and LuLu Exchange are often competitive for larger amounts (AED 1,000+) with zero transfer fees but a small FX margin. Compare all providers' total cost — rate plus fee — at remit.ae. Always verify the final rate with the provider before sending.

Is remit.ae a money transfer service?

No. remit.ae is an independent editorial comparison platform — not a money transfer service. We do not transfer money, hold funds, or act as a financial institution. remit.ae compares live rates and fees from CBUAE-licensed providers including Al Ansari Exchange, LuLu Exchange, GCC Exchange, Wise, Remitly, Western Union, and others. Always send money directly through the licensed provider you choose.

What is WPS and how does it affect money transfers from UAE?

WPS (Wage Protection System) is a UAE Central Bank mandatory system requiring all UAE employers to pay salaries electronically between Day 24-28 of each month. After WPS salary credit, demand at UAE exchange houses spikes sharply as workers send money home. Al Ansari Exchange and LuLu Exchange branches in Dubai and Abu Dhabi can have long queues during WPS week (Days 24-28). Digital apps like Wise and Remitly avoid queues. remit.ae tracks WPS timing to help UAE workers compare providers during peak remittance periods.

Bank of Baroda SWIFT Code — BARBINBB for UAE Transfers

Bank of Baroda Primary SWIFT / BIC Code (India)

BARBINBB

For receiving transfers INTO India

BOB UAE Branch SWIFT Code

BARBAEADXXX

For transfers FROM BOB UAE branches

BARB

Bank code

Country

Location

XXX

Branch (opt)

Bank of Baroda in UAE — A Unique Advantage

BOB UAE Branches: Unlike most Indian banks, Bank of Baroda has actual retail branches in the UAE — in Dubai (Bur Dubai, Deira, Karama), Abu Dhabi, and Sharjah. UAE expats with BOB accounts can walk into a UAE branch and transfer directly to BOB India accounts, often with same-day delivery and competitive exchange rates for NRI customers. This makes BOB-to-BOB transfers particularly convenient.

Bank of Baroda SWIFT Codes — India & UAE

Branch / City	SWIFT Code
Mumbai — Head Office	BARBINBBXXX
Delhi	BARBINBBDEL
Chennai	BARBINBBMAA
Bangalore	BARBINBBBNG
Ahmedabad	BARBINBBAHM
BOB UAE — Dubai Branch	BARBAEADXXX
BOB UAE — Abu Dhabi Branch	BARBAEADAUH

How to Receive Money from UAE in Bank of Baroda India

Bank Name

Bank of Baroda

SWIFT / BIC Code

BARBINBB

Account Number

14-15 digit BOB account number

Account Holder Name

Full name as on BOB account

Bank Address

Bank of Baroda, Baroda House, Mandvi, Mumbai 400001, India

Sending to BOB India from UAE — Your Options

Bank of Baroda UAE BranchSame bank

Walk into BOB Dubai or Abu Dhabi branch. Same-bank transfer to BOB India. Competitive NRI rates.

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WiseBest rate

Best AED→INR mid-market rate. Enter BOB account number + IFSC for direct deposit.

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Al Ansari ExchangeWalk-in

Walk-in at 200+ UAE branches. Direct BOB bank deposit in 1-4 hours.

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RemitlyFastest

Supports Bank of Baroda India. Express or Economy transfer options.

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Compare all providers for AED → INR →

Frequently Asked Questions

What is Bank of Baroda SWIFT code?

Bank of Baroda's primary SWIFT code is BARBINBB. This 8-character BIC identifies Bank of Baroda in India for international transfers. Bank of Baroda also operates UAE branches (Dubai, Abu Dhabi, Sharjah) with their own SWIFT codes: BARBAEADXXX for UAE branches.

Does Bank of Baroda have branches in UAE?

Yes — Bank of Baroda is one of a few Indian banks with actual physical branches in the UAE. BOB UAE has branches in Dubai (Bur Dubai, Deira, Karama), Abu Dhabi, and Sharjah. UAE residents can walk into a Bank of Baroda UAE branch and send money directly to any Bank of Baroda India account. BOB UAE branch SWIFT: BARBAEADXXX.

How to receive money from UAE in Bank of Baroda India?

To receive money from UAE into Bank of Baroda India, give the sender: SWIFT code BARBINBB, your BOB account number (14-15 digits), your full name as on the account, and bank address: Bank of Baroda, Baroda House, Mumbai, India. Transfers from UAE exchange houses or apps typically arrive within 1-2 business days. From BOB UAE branch directly, same-day delivery is often possible.

Related SWIFT & IFSC Code Pages

remit.ae is an independent comparison service. SWIFT codes are provided for informational purposes — always verify with your bank before initiating a transfer. Stack Jewels LLC.