Rates and Charges
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.