Current Rates

Fixed Deposit Rate - 3 Months

10.25% p.a

Loan Rate - Residential Housing

14.5% - 16.00% p.a

Loan Rate - Personal Loans

16.00% - 16.5% p.a

Pawning Rate

18% p.a

*Conditions Apply

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Interest rates for Foreign Currency Deposits
Savings
Currency Rate % p.a.
United States Dollars (USD) 2.00 %
Great Britain Pounds (GBP) 1.00 %
Euro (EUR) 0.40 %
Australian Dollars (AUD) 1.75 %
Canadian Dollars (CAD) 0.50 %
Swiss Francs (CHF) 0.00 %
Singapore Dollars (SGD) 0.25 %
Fixed Deposits
Period USD Interest % GBP Interest % EUR Interest % AUD Interest %
1 month 2.25 1.50 0.50 2.15
3 months 2.75 2.00 1.70 2.25
6 months 3.00 2.25 1.90 2.50
12 months 3.50 2.75 2.20 2.75
12 Months
(Interest paid Monthly) % p.a.
3.35 2.65 2.10 2.65

Please contact Branch Manager/ Overseas Customer Service Division for special rates For Foreign Currency deposits of USD 10,000 or above or its equivalent in other currencies.

Exchange Rate

The price of one country's currency expressed in another country's currency. In other words, the rate at which one currency can be exchanged for another. For example, the higher the exchange rate for one euro in terms of one yen, the lower the relative value of the yen.

 

Indicative Exchange Rates - as at: 2018-9-23, at 01:07:22 AM

Currency TC's Drafts Telegraphic Transfers Import Bills
Exchange Rates Buying Rate Selling Rate Buying Rate Selling Rate Buying Rate Selling Rate Selling Rate
                 
UAE Dirhams 41.3822 46.902 0 46.4422 45.5225 46.4422 47.6032
Australian Dollar 119.1901 126.0905 119.3346 125.3385 120.4184 125.3385 126.0905
Canadian Dollar 127.6126 133.2647 127.6512 132.9324 128.7455 132.9324 133.2647
Swiss Franc 172.2022 179.2055 172.2595 178.7586 173.6487 178.7586 179.2055
Danish Kroner 25.9462 27.2367 0 27.1688 26.1818 27.1688 27.2367
Euro 193.0849 203.426 194.6645 202.2128 195.2502 202.2128 203.426
Great Britain Pound 217.855 228.3518 219.5021 227.3288 220.4944 227.3288 228.3518
Hongkong Dollar 21.0467 21.9396 0 21.8849 21.2593 21.8849 21.9396
Japanese Yen 1.4659 1.54 1.4669 1.5285 1.4782 1.5285 1.54
Norweigian Kroner 20.0611 21.1661 20.3666 21.1133 20.3666 21.1133 21.1661
New Zealand Dollar 109.5021 115.4837 110.9005 114.8512 110.9005 114.8512 115.1383
Saudi Riyals 40.7736 45.9353 0 45.4849 44.5842 45.4849 46.6221
Swedish Kroner 18.7178 19.6408 18.9179 19.5918 18.9179 19.5918 19.6408
Singapore Dollar 121.0722 127.0049 122.2828 125.8721 122.2828 125.8721 127.0049
US Dollar 166.8565 171.3834 166.2057 170.0823 166.8732 170.0823 171.0178
Spot Exchange Rate

The rate of a foreign-exchange contract for immediate delivery. Also known as "benchmark rates", "straightforward rates" or "outright rates", spot rates represent the price that a buyer expects to pay for a foreign currency in another currency.

Though the spot exchange rate is said to be settled immediately, the globally accepted settlement cycle for foreign-exchange contracts is two days. Foreign-exchange contracts are therefore settled on the second day after the day the deal is made.

Swap

Traditionally, the exchange of one security for another to change the maturity (bonds), quality of issues (stocks or bonds), or because investment objectives have changed. Recently, swaps have grown to include currency swaps and interest rate swaps.

Forward Price

The predetermined delivery price for an underlying commodity, currency or financial asset decided upon by the long (the buyer) and the short (the seller) to be paid at predetermined date in the future.

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