Current Rates

Fixed Deposit Rate - 3 Months

8.33% p.a

Loan Rate - Residential Housing

13.0% - 15.0% p.a

Loan Rate - Personal Loans

13.0% - 15.0% p.a

Pawning Rate

17% 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: 2019-7-17, at 04:58:38 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 43.0606 48.8042 0 48.3257 47.3687 48.3257 49.5338
Australian Dollar 119.494 126.4119 119.6388 125.658 120.7254 125.658 126.4119
Canadian Dollar 131.0772 136.8827 131.1168 136.5414 132.2409 136.5414 136.8827
Swiss Franc 173.9418 181.0159 173.9997 180.5645 175.4029 180.5645 181.0159
Danish Kroner 25.6707 26.9475 0 26.8803 25.9038 26.8803 26.9475
Euro 191.2862 201.531 192.851 200.329 193.4313 200.329 201.531
Great Britain Pound 212.1069 222.3267 213.7105 221.3307 214.6766 221.3307 222.3267
Hongkong Dollar 21.9459 22.8769 0 22.8199 22.1675 22.8199 22.8769
Japanese Yen 1.5867 1.6668 1.5878 1.6544 1.6 1.6544 1.6668
Norweigian Kroner 19.8278 20.9199 20.1298 20.8677 20.1298 20.8677 20.9199
New Zealand Dollar 114.4546 120.7068 115.9163 120.0456 115.9163 120.0456 120.3458
Saudi Riyals 42.4233 47.7938 0 47.3252 46.3881 47.3252 48.5084
Swedish Kroner 18.195 19.0923 18.3896 19.0447 18.3896 19.0447 19.0923
Singapore Dollar 126.5295 132.7296 127.7947 131.5457 127.7947 131.5457 132.7296
US Dollar 173.6236 178.3341 172.9464 176.9803 173.641 176.9803 177.9536
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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