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: 2019-9-16, at 06:08:32 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 44.2121 50.1093 0 49.618 48.6355 49.618 50.8585
Australian Dollar 120.2765 127.2397 120.4223 126.4809 121.516 126.4809 127.2397
Canadian Dollar 133.4346 139.3446 133.475 138.9971 134.6193 138.9971 139.3446
Swiss Franc 178.0076 185.247 178.0668 184.785 179.5029 184.785 185.247
Danish Kroner 25.9262 27.2157 0 27.1479 26.1616 27.1479 27.2157
Euro 193.0651 203.4052 194.6445 202.1921 195.2302 202.1921 203.4052
Great Britain Pound 216.3318 226.7552 217.9674 225.7393 218.9527 225.7393 226.7552
Hongkong Dollar 22.4894 23.4435 0 23.3851 22.7166 23.3851 23.4435
Japanese Yen 1.6335 1.716 1.6346 1.7032 1.6472 1.7032 1.716
Norweigian Kroner 19.4951 20.5689 19.792 20.5176 19.792 20.5176 20.5689
New Zealand Dollar 112.5438 118.6916 113.9811 118.0415 113.9811 118.0415 118.3366
Saudi Riyals 43.5567 49.0706 0 48.5895 47.6274 48.5895 49.8043
Swedish Kroner 18.1594 19.0549 18.3536 19.0074 18.3536 19.0074 19.0549
Singapore Dollar 128.3219 134.6098 129.605 133.4092 129.605 133.4092 134.6098
US Dollar 178.2668 183.1033 177.5715 181.7132 178.2846 181.7132 182.7126
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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