This study investigates the utility of satellite-based rainfall products and the performance of bias correction methods in one of the sub-basins of the Upper Blue Nile Basin (Main Beles basin). Four satellite rainfall products are used as Climate Prediction Center (CPC) MORPHing technique (CMORPH), Precipitation Estimation from Remotely Sensed Information using Artificial Neural Networks (PERSIANN), Tropical Rainfall Measuring Mission Multi-Satellite Precipitation Analysis (TMPA) 3B42V7 (TMPA 3B42V7), and Climate Forecast System Reanalysis (CFSR). The performance of the satellite rainfall products (SRPs) was compared using three bias correction methods such as Delta, Empirical Quantile Mapping (EQM), and Quantile Mapping (QM) on five metrological stations. Six statistical performance measuring techniques were employed. The evaluation was carried out from the year 2003 to 2016 on daily and monthly time scales. The results depicted that SRPs and bias correction methods of CMORPH_QM (r = 0.538) and TMPA_3B42V7_EQM (r = 0.95) data showed good performance, while PERSIANN_EQM (r = 0.348) and PERSIANN_Delta (r = 0.83) performed worst at daily and monthly time scales, respectively. This study highlights the benefits of using SRPs and bias correction methods to enhance the distribution of local rainfall data, which is critical for water resource planning and other related sectors.