Interest Rates

  • Change in Interest Rates - Local/NRO Deposits

    With effect from 01.12.2015 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 Rs. 5 Crores and above
    7 to 14 Days 4.00 4.00 4.00
    15 to 45 Days 4.50 4.50 4.50
    46 to 90 Days 6.00 6.00 6.00
    91 to 179 Days 7.00 7.00 7.00
    180 days to less than 1 year 7.50 7.50 7.50
    1 year & above to less than 2 years 8.00 7.90 7.50
    2 years to less than 3 years 7.75 7.75 7.25
    3 years to 5 Years 7.75 7.75 7.25

    (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 01.12.2015, 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 Rs. 5 Crores and above
    7 DAYS TO 14 DAYS N/A N/A N/A
    15 DAYS TO 45 DAYS N/A N/A N/A
    46 DAYS TO 90 DAYS N/A N/A N/A
    91 DAYS TO 179 DAYS N/A N/A N/A
    180 DAYS TO LESS THAN 1 YR N/A N/A N/A
    1 YR & ABOVE TO LESS THAN 2 YEARS 8.00 7.90 7.50
    2 YRS & ABOVE TO LESS THAN 3 YEARS 7.75 7.75 7.25
    3 YEARS TO 5 YEARS 7.75 7.75 7.25
    • (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 01.01.2016 The following rates of interest will be applicable.

    Tenor USD STG EURO YEN AUD
    Saving Account (Jan 16 - Mar 16) 0.61 0.59 0.00 N/A N/A
    1 month & above to less than 6 months 0.86 0.65 0.00 N/A N/A
    6 months & above to less than 1 year 1.11 0.75 0.00 N/A N/A
    1 year & above to less than 2 years 1.20 1.48 0.20 N/A N/A
    2 years & above to less than 3 years 1.66 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 01.01.2016 The following rates of interest will be applicable for FCNR deposits.

    Tenor USD STG EURO YEN AUD
    1 yr & above to less than 2 years 1.95 1.33 0.11 N/A
    2 yrs & above to less than 3 years 2.11 N/A N/A N/A N/A
    3 yrs & above to less than 4 years 2.25 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)
    • Deposit will be accepted for the tenor of max 5 years
    • MAXIMUM TENOR FOR FLEXI DEPOSITS IS 6 MONTHS
    • Savings NRE / NRO / Local account earns Interest @ 4% p.a
    • 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 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