Current Rates

Fixed Deposit Rate - 3 Months

8.33% p.a

Loan Rate - Residential Housing

12.0% - 14.5% p.a

Loan Rate - Personal Loans

12.0% - 14.0% p.a

Pawning Rate

16% - 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: 2019-11-19, at 11:52:37 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 44.0038 49.8733 0 49.3843 48.4064 49.3843 50.6189
Australian Dollar 118.2219 125.0662 118.3653 124.3203 119.4402 124.3203 125.0662
Canadian Dollar 132.5899 138.4625 132.6301 138.1172 133.7671 138.1172 138.4625
Swiss Franc 177.3571 184.57 177.4161 184.1097 178.8469 184.1097 184.57
Danish Kroner 25.8788 27.166 0 27.0982 26.1138 27.0982 27.166
Euro 192.975 203.3103 194.5537 202.0977 195.1391 202.0977 203.3103
Great Britain Pound 226.1387 237.0345 227.8484 235.9727 228.8784 235.9727 237.0345
Hongkong Dollar 22.3788 23.3282 0 23.27 22.6048 23.27 23.3282
Japanese Yen 1.6155 1.6971 1.6166 1.6844 1.629 1.6844 1.6971
Norweigian Kroner 19.0413 20.0901 19.3313 20.04 19.3313 20.04 20.0901
New Zealand Dollar 111.308 117.3883 112.7296 116.7454 112.7296 116.7454 117.0372
Saudi Riyals 43.3596 48.8486 0 48.3697 47.4119 48.3697 49.5789
Swedish Kroner 18.0922 18.9844 18.2857 18.9371 18.2857 18.9371 18.9844
Singapore Dollar 129.1017 135.4279 130.3926 134.2199 130.3926 134.2199 135.4279
US Dollar 177.4271 182.2408 176.735 180.8572 177.4448 180.8572 181.8519
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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