Interest Rates

  • Change in Interest Rates - Local/NRO Deposits

    With effect from 01.07.2018 The interest rates on Local and Non-Resident Ordinary (NRO) Rupee Deposits have been revised as per details below:

    LOCAL/NRO Upto Rs. 1 Crore Above Rs.1 Crore and < Rs.5 Crore
    7 to 14 days 3.60 3.60
    15 to 45 days 3.85 3.85
    46 to 90 days 6.00 6.00
    91 to 179 days 6.50 6.50
    180 days to less than 1 year 6.50 6.75
    1 year & above to 554 days 7.30 7.40
    555 days** 7.70 7.75
    556 days to <2 years 7.30 7.40
    2 years & above to 1233 days 7.25 7.45
    1234 days ** 7.90 7.95
    1235 days to 5 years 7.20 7.30

    (Rates are expressed in % p.a.)

    0.50% extra for senior citizens

  • Change in Interest Rates - NRE Deposits

    With effect from 01.07.2018 The interest rates on Non-Resident External (NRE) Rupee Deposits have been revised as per details below:

    Tenure Upto Rs. 1 Crore Above Rs.1 Crore and < Rs.5 Crore
    1 year & above to 554 days 7.30 7.40
    555 days** 7.70 7.75
    556 days to <2 years 7.30 7.40
    2 years & above to 1233 days 7.25 7.45
    1234 days ** 7.90 7.95
    1235 days to 5 years 7.20 7.30
    • (Rates are expressed in % p.a.) These rates are also applicable for renewals of NRE deposits
  • Domestic / NRO and NRE Deposit Rates >= 5Cr

  • Changes in Interest Rates - RFC/Consulate Accounts in Foreign Currency

    With effect from 01.07.2018 The following rates of interest will be applicable.

    Tenor US $ STG EURO YEN AUD
    RFC/CONSULATE - W.E.F. 01.07.2018 0.75 0.45 0.00 N/A N/A
    1 month & above to less than 6 months 1.75 0.60 0.00 N/A N/A
    6 months & above to less than 1 year 1.90 0.79 0.00 N/A N/A
    1 year & above to less than 2 years 2.05 0.95 0.00 N/A N/A
    2 years & above to less than 3 years 2.20 N/A N/A N/A N/A
    3 years N/A N/A N/A N/A N/A

    (Rates are expressed in percentage per amount)

  • Change in Interest Rates - FCNR Deposits

    With effect from 01.07.2018 The following rates of interest will be applicable for FCNR deposits.

    Tenor US $ STG EURO YEN AUD
    1 yr & above to less than 2 years 3.69 1.60 0.03 0.00 N/A
    2 yrs & above to less than 3 years 3.87 N/A N/A N/A N/A
    3 yrs & above to less than 4 years 3.94 N/A N/A N/A N/A
    4 yrs & above to less than 5 years N/A N/A N/A N/A N/A
    • Deposits in GBP and Euro will be accepted for one year only.
    • (Rates of Interest are given as % p.a)
    • NRE Saving Deposit Rate : 4.0 %
    • (Rates are expressed in % p.a.) These rates are also applicable for renewals of NRE deposits

    Savings NRE 4.0%, Savings NRO 4.0%

    • The interest rates for all schemes (including FCNR scheme) are fixed at bank's discretion. These rates are subject to change without any notice
    • FCNR deposits will be accepted for minimum period of 1 year period. Premature encashment of FCNR Deposits before 1 year will entail complete forfeiture of interest. On premature withdrawal of the FCNR deposit after 1 year, interest shall be paid for the period for which the deposit is maintained with the Bank subject to 0.50% penalty.

    Differential Rate of Interest

    • In terms of RBI directives, NRE deposits are accepted for a minimum maturity period of 1 year.On premature withdrawal of the NRE deposit after 1 year, interest shall be paid for the period for which the deposit is maintained with the Bank subject to 1.00% penalty.
    • FOR DEPOSITS ABOVE 5 CRORE, PLS CONTACT HEAD - LIABILITIES
    • Interest rates are applicable for fresh and renewed deposits
    • Senior Citizens (60 years and above) are offered 0.50% additional over and above the prevailing Interest Rate (applicable only for Resident Indians)
    • Deposits will be accepted for a maximum tenure of 5 years
    • MAXIMUM TENOR FOR FLEXI DEPOSITS IS 6 MONTHS
    • Savings NRE / NRO / Local account earns Interest @ 4% p.a
    • ** Fixed Deposit placed under 1234 days & 555 days – Only available for deposits above 15lakhs and without option of Premature closure.
    • ADCB India PJSC calculates interest on FCNR (B) deposit interest at 365 days to a year.

    Note:

    In case of Domestic/NRO deposits no interest will be payable if the deposit is withdrawn prematurely prior to 7 days. Similarly in case of NRE deposits no interest will be payable if the deposit is withdrawn prematurely prior to completion of one year. In all other cases 1% penalty as per the present rule will be levied.

Lending rate

The Base Rate is 9.50%

For details on Marginal Cost of Funds Based Lending Rate (MCLR) please click here

For further details, please click here.

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Mumbai Office

75 Rehmat Manzil,
Veer Nariman Road, Churchgate,
Mumbai 400020 - INDIA
Tel : +91 22 61763800
Fax : +91 22 61763806

Bengaluru Office

No.25, Ground Floor, West Wing
Corniche Al Latheef,
Cunningham Road,
Bengaluru - 560001, India
Tel: +91 80 61177700
Fax: +91 80 61177750

Business Hours

Monday to Saturdays:
(Other than second and fourth Saturdays*)
10.30 AM to 4.00 pm
*Bank will remain closed on Second and Fourth Saturdays every month.

Head Office

Abu Dhabi Commercial Bank Building,
Shk Zayed Street,
P. O. Box: 939,
Abu Dhabi, United Arab Emirates
www.adcb.com