Abu Dhabi Commercial Bank FD Rates

The Abu Dhabi Commercial Bank fixed deposit scheme is open for all UAE citizens as well as expatriates and non-residents of UAE. Customers can open a fixed deposit account with UAE dirhams, British pounds, US dollars, and various other currencies. The minimum deposit for such fixed deposit accounts is AED 5,000 or the equivalent amount in various currencies.

Features of Abu Dhabi Commercial Bank Fixed Deposit

The various features of Abu Dhabi Commercial Bank Fixed Deposits are mentioned below:

Tenure

Minimum: 1 month

Maximum: 13 months

Deposit Amount Minimum: AED 5,000 or its equivalent in different currencies
Overdraft facility Available
Interest Rates

Minimum: 0.01%

Maximum: 0.20%

Interest Rates of Abu Dhabi Commercial Bank Fixed Deposit

The various interest rates of Abu Dhabi Commercial Bank Fixed Deposit are given below:

Tenure Interest Rates (p.a.)
50 days 0.01%
75 days 0.02%
100 days 0.03%
150 days 0.03%
200 days 0.05%
375 days 0.12%
400 days 0.16%
500 days 0.20%

Note: These interest rates can be changed as per bank’s rules and regulations.

Eligibility for Abu Dhabi Commercial Bank Fixed Deposit

To open an account under the Abu Dhabi Commercial Bank Fixed Deposit scheme, you should meet the below mentioned requirements:

  • UAE nationals, residents, and non-residents
  • Abu Dhabi Commercial Bank customers with a current or savings account

How to Open an Abu Dhabi Commercial Bank Fixed Deposit Account

You can visit your nearest branch of Abu Dhabi Commercial Bank to open a fixed deposit account. There a representative of the bank will guide you through the process.

FAQs on Abu Dhabi Commercial Bank Fixed Deposit

  1. What is the minimum interest rates for the Abu Dhabi Commercial Bank fixed deposit scheme?

    The minimum interest rates for the Abu Dhabi Commercial Bank fixed deposit scheme are 0.01%.

  2. Is overdraft facility available for the Abu Dhabi Commercial Bank fixed deposit scheme?

    Yes, overdraft facility is available for the Abu Dhabi Commercial Bank fixed deposit scheme. However, premature withdrawals of fixed deposits will be charged at a rate of 1% p.a. less than the actual tenure’s interest rate.

  3. Can existing customers of the bank eligible to open an account under the Abu Dhabi Commercial Bank Fixed Deposit Scheme?

    Yes, the existing customers of the bank are eligible to open an account under the Abu Dhabi Commercial Bank Fixed Deposit Scheme.

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