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: 2018-11-20, at 06:25:16 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 43.5138 49.3179 0 48.8344 47.8674 48.8344 50.0552
Australian Dollar 126.0352 133.3318 126.188 132.5366 127.334 132.5366 133.3318
Canadian Dollar 131.6616 137.493 131.7014 137.1502 132.8305 137.1502 137.493
Swiss Franc 173.6102 180.6708 173.668 180.2203 175.0686 180.2203 180.6708
Danish Kroner 26.4153 27.7292 0 27.66 26.6552 27.66 27.7292
Euro 196.6956 207.2302 198.3047 205.9942 198.9014 205.9942 207.2302
Great Britain Pound 221.6607 232.3408 223.3365 231.2999 224.3461 231.2999 232.3408
Hongkong Dollar 22.1277 23.0665 0 23.009 22.3512 23.009 23.0665
Japanese Yen 1.5393 1.6171 1.5404 1.6051 1.5523 1.6051 1.6171
Norweigian Kroner 20.3515 21.4724 20.6614 21.4189 20.6614 21.4189 21.4724
New Zealand Dollar 118.3644 124.8301 119.876 124.1464 119.876 124.1464 124.4568
Saudi Riyals 42.8584 48.284 0 47.8107 46.8639 47.8107 49.0059
Swedish Kroner 19.162 20.107 19.3669 20.0568 19.3669 20.0568 20.107
Singapore Dollar 126.5436 132.7444 127.8089 131.5603 127.8089 131.5603 132.7444
US Dollar 175.4513 180.2114 174.7669 178.8432 175.4688 178.8432 179.8268
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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