Interest rates on USD/AED deposits including Smart Deposit w.e.f 20/06/2022

Tenor ROI
1 month to below 3 months 1.00%
3 months to below 6 months 1.25%
6 months to below 12 months 1.50%
12 months to below 24 months 1.90%
24 months to below 36 months  2.20%
36 months 2.25%

*Terms: Rates are subject to change from time to time and Negotiable.


Interest Rates on USD/AED Recurring Deposit w.e.f. 20/06/2022

Months  ROI
(AED)
ROI
(USD)
12 1.90% 1.90%
24 2.20% 2.20%
36 2.25% 2.25%
48 2.25% 2.25%
60 2.25% 2.25%

Any premature payment will attract 0.50% penalty from its rate of interest applicable for actual period of deposit at the time of issuance of FDR, however net interest rate after applying the penal interest is negative, net interest to be marked as Zero.

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