Rate of Interest on Term Deposits w.e.f. 05-12-2024

Tenor 1 Month to below 3 Months 3 Months to below 6 Months 6 Months to below 12 months 12 Months to below 24 months 24 Months to below 36 months 36 Months to below 60 months 60 Months
AED Term deposit 3.10% 3.25% 3.50% 3.95% 3.35% 2.35% 1.85%
USD Term deposit 3.20% 3.35% 3.60% 3.95% 3.35% 2.35% 1.85%
GBP Term deposit 2.85% 2.85% 3.10% 0.85% 0.85% 0.00% 0.00%
EUR Term deposit 0.00% 0.10% 0.35% 0.85% 0.85% 0.00% 0.00%

Rate of Interest on Recurring Deposit w.e.f. 05-12-2024

Tenor 12 Months 24 Months 36 Months 48 Months 60 Months
AED Recurring deposit 3.95% 3.35% 2.35% 2.35% 1.85%
USD Recurring deposit 3.95% 3.35% 2.35% 2.35% 1.85%

In case of premature closure of deposit, ROI applicable will be, ROI (Contractual rate) for the actual period for which the deposit was held less 1.00% penal interest. However, if interest rate after applying the penal interest is negative, net interest will be marked as Zero.

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