Exchange Rates

Date 13-09-2024

Currency Type Currency Telegraphic Transfers
Buying Rate Selling Rate Buying Rate Selling Rate
US Dollar (USD) 293.50 309.50 297.00 306.00
Sterling Pound (GBP) 384.29 408.29 388.79 403.79
Japanese Yen (JPY) 2.0665 2.2065 2.0915 2.1815
EURO (EUR) 323.21 345.21 326.71 341.71
Hong Kong Dollar (HKD) 37.56 39.76 37.66 39.66
Singapore Dollar (SGD) 224.01 240.01 226.51 237.51
Chinese Yuan (CNY) 40.31 44.51 40.91 43.91
Saudi Riyal (SAR) 75.34 85.34 76.34 84.34

Note - Exchange Rates are subject to change without prior notice. Please call us on our hotline to find the latest exchange rates applicable.

***For all foreign exchange-related transactions, including but not limited to the buying or selling of foreign currencies, wire transfers, and remittances, a markup will be applied to the prevailing exchange rate. The markup is set by the bank and may vary from time to time based on market conditions and other factors.

Interest Rates

Interest Rates effective from January 01, 2024

Savings Deposits

Description Min Rate Max Rate
Up to 999 NIL NIL
1,000 - 499,999 3.50% 4.25%
500,000 and above 9.5% 9.75%

Minor Savings Deposits

Description Min Rate Max Rate
Up to 999 NIL NIL
1,000.00 - 24,999.00 2.50% 3.00%
25,000.00 - 99,999.00 3.00% 3.50%
100,000 and above 4.00% 4.50%
500,000 and above 5.00% 5.50%

Interest Rates

Kidz Club Account

Description Min Rate Max Rate
Up to 999 NIL NIL
Over 1,000 4.00% 4.50%

Call Deposits

Description Min Rate Max Rate
Call Deposits 4.00% 4.50%

Interest Rates

Time Deposits

Description Min Rate Max Rate
1 Mnt 8.00% (AER 8.30%) 8.50% (AER 8.84%)
3 Mnts 11.50% (AER 12.01%) 12.00% (AER 12.55%)
6 Mnts 10.50% (AER 10.78%) 11.00% (AER 11.30%)
1 Year - Interest Payable Monthly 9.50% (AER 9.92%) 9.80% (AER 10.25%)
1 Year - Interest Payable at Maturity 10.00% (AER 10.00%) 10.50% (AER 10.50%)
2 Years - Interest Payable Monthly 9.40% (AER 9.82%) 9.75% (AER 10.20%)
2 Years - Interest Payable at Maturity 10.50% (AER 10.00%) 11.00% (AER 10.45%)
3 Years - Interest Payable Monthly 9.25% (AER 9.65%) 9.75% (AER 10.20%)
3 Years - Interest Payable at Maturity 11.00% (AER 9.97%) 11.50% (AER 10.38%)
4 Years - Interest Payable Monthly 9.00% (AER 9.38%) 9.25% (AER 9.65%)
4 Years - Interest Payable at Maturity 11.00% (AER 9.54%) 11.50% (AER 9.92%)

Interest Rates

FCY Savings

Description Min Rate Max Rate
US Dollar 0.50% 0.75%
Sterling Pound 1.00% 2.00%
Euro 1.00% 2.00%
Australian Dollar 0.0% 0.0%
Singapore Dollar 0.50% 1.00%
Japanese Yen 0.13% 0.63%
Hong Kong Dollar 0.50% 1.00%

FCY Term Deposits - 1 Month

Description Min Rate Max Rate
USD 0.75% (AER-0.75%) 1.00% (AER-1.00%)
GBP 1.00% (AER-1.00%) 2.00% (AER-2.02%)
EUR 1.00% (AER-1.00%) 2.00% (AER-2.02%)

Interest Rates

FCY Term Deposits - 3 Months

Description Min Rate Max Rate
USD 1.00% (AER-1.00%) 1.25% (AER-1.26%)
GBP 1.00% (AER-1.00%) 2.00% (AER-2.02%)
EUR 1.00% (AER-1.00%) 2.00% (AER-2.02%)

FCY Term Deposits - 6 Months

Description Min Rate Max Rate
USD 1.25% (AER-1.26%) 1.50% (AER-1.51%)
GBP 1.50% (AER-1.51%) 2.50% (AER-2.52%)
EUR 1.50% (AER-1.51%) 2.50% (AER-2.52%)

FCY Term Deposits - 1 Year

Description Min Rate Max Rate
USD 1.50% (AER-1.50%) 1.75% (AER-1.75%)
GBP 1.50% (AER-1.50%) 2.50% (AER-2.50%)
EUR 1.50% (AER-1.50%) 2.50% (AER-2.50%)

Interest Rates

Interest Rates on Advances

Description Min Rate Max Rate
Export Bill Finance - Rupee Facilities _ _
Import Bill Finance - Rupee Facilities _ _
Lease Finance _ _
Lending to small & Medium Scale Industries (SMEs) _ _
US Dollar Loans to Exporters _ _
Personal Loans _ _
Car4U _ _
Home Loan (Exsisting Facilities only) _ _

Overdrafts

Description Min Rate Max Rate
Permanent _ _
Temporary _ _

Penal Rate on Over Dues

Description Min Rate Max Rate
Penal Rate on Over Dues _ _

Notices

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