Interest Rates

  • Change in Interest Rates - Local/NRO Deposits

    With effect from 01.12.2016 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 4.00 4.00
    15 to 45 Days 4.25 4.25
    46 to 90 Days 5.75 5.75
    91 to 179 Days 6.50 6.50
    180 days to less than 1 year 7.00 7.00
    1 year & above to less than 2 years 7.25 7.25
    2 years & above to 1233 days 7.25 7.25
    1234 days * 7.40 7.40
    1235 to 5 Years 7.00 7.00

    (Rates are expressed in % p.a.)

    0.50% extra for senior citizens

    *For deposits above Rs.25 Lakhs, Please contact: Head Liabilities

  • Change in Interest Rates - NRE Deposits

    With effect from 01.12.2016 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 YR & ABOVE TO LESS THAN 2 YEARS 7.25 7.25
    2 YRS & ABOVE TO 1233 days 7.25 7.25
    1234 days* 7.40 7.40
    1235 TO 5 YEARS 7.00 7.00
    • (Rates are expressed in % p.a.) These rates are also applicable for renewals of NRE deposits
  • Changes in Interest Rates - RFC/Consulate Accounts in Foreign Currency

    With effect from 01.12.2016 The following rates of interest will be applicable.

    Tenor US $ STG EURO YEN AUD
    RFC/CONSULATE - W.E.F. 01.12.2016 0.75 0.50 0.00 N/A N/A
    1 month & above to less than 6 months 1.20 0.50 0.00 N/A N/A
    6 months & above to less than 1 year 1.45 0.55 0.00 N/A N/A
    1 year & above to less than 2 years 1.60 0.80 0.00 N/A N/A
    2 years & above to less than 3 years 1.75 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 01.12.2016 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 2.61 1.20 0.08 0.00 N/A
    2 yrs & above to less than 3 years 2.82 N/A N/A N/A N/A
    3 yrs & above to less than 4 years 3.01 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

    Differential Rate of Interest

    • In terms of RBI directives, NRE deposits are accepted for a minimum maturity period of 1 year
    • FOR DEPOSITS ABOVE 5 CRORE, PLS CONTACT HEAD - LIABILITIES
    • The FCNR interest rates are applicable for deposits below USD 50000/-. For any FCNR deposits above USD 50000 please contact the NR Official at NR Center or NR Relationship Manager at Mumbai/Bangalore.
    • 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 the tenure of max 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 - Only available for deposits above 15lakhs and without option of Premature Closure.

    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 9.70%

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 39534100
Fax : +91 22 39534106

Bengaluru Office

Citi Centre, 28 Church Street,
Bengaluru 560001 - INDIA
Tel: +91 80 25582000
Fax:+91 80 25582323

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