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: 2019-2-19, at 03:10:34 PM

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 44.0528 49.9288 0 49.4393 48.4603 49.4393 50.6753
Australian Dollar 124.5648 131.7764 124.7159 130.9904 125.8485 130.9904 131.7764
Canadian Dollar 132.552 138.4229 132.5921 138.0777 133.7288 138.0777 138.4229
Swiss Franc 175.1127 182.2344 175.171 181.78 176.5837 181.78 182.2344
Danish Kroner 26.505 27.8234 0 27.754 26.7457 27.754 27.8234
Euro 197.3696 207.9402 198.9842 206.7 199.5829 206.7 207.9402
Great Britain Pound 225.6738 236.5473 227.38 235.4876 228.4079 235.4876 236.5473
Hongkong Dollar 22.3516 23.2999 0 23.2418 22.5774 23.2418 23.2999
Japanese Yen 1.589 1.6693 1.5901 1.6569 1.6024 1.6569 1.6693
Norweigian Kroner 20.1629 21.2734 20.47 21.2204 20.47 21.2204 21.2734
New Zealand Dollar 120.0922 126.6524 121.6259 125.9587 121.6259 125.9587 126.2736
Saudi Riyals 43.4061 48.901 0 48.4216 47.4628 48.4216 49.6322
Swedish Kroner 18.8705 19.8011 19.0723 19.7517 19.0723 19.7517 19.8011
Singapore Dollar 129.7126 136.0687 131.0096 134.855 131.0096 134.855 136.0687
US Dollar 177.6246 182.4437 176.9318 181.0586 177.6424 181.0586 182.0544
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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