Iran Interest Rates

The Iranian economy with a population of 75.33 Million (Est 2011 - amar.org.ir sourced from wiki) ranks 17th in the world with a GDP PPP of approximately 888 billion and GDP PPP per capita of 12,258 vs 48,147 (United States) according to the IMF in 2011. Its currency the Iranian Rial (IRR) and its fixed interest bank deposit products referred to as a term deposit/fixed deposit in english. According to CIA.gov its inflation was 22.5% in 2011 and 12.4% in 2010. Some liberalization of banking sector in the 1990s provides the country with a mix of commercial and specialized government owned banks, private banks and Investment banks.

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Iran Banks

Showing rates for 11 Bank deposit providers in Iran.
Bank Branch Founded Ownership
Bank Pasargad Bank Pasargad 326 2005 Local
Sina Bank Sina Bank 274 1985 Local
Bank of Industry and Mine Bank Of Industry And Mine 65 1979 Local
Export Development Bank of Iran Export Development Bank Of Iran 34 1991 N/A
Bank Melli Iran Bank Melli Iran 3,300 1928 N/A
Bank Saderat Iran Bank Saderat Iran 3,000 1952 Local
Bank Tejarat Bank Tejarat 2,000 1979 N/A
Bank Keshavarzi Bank Keshavarzi 1,914 1969 Local
Bank Mellat Bank Mellat 1,800 1980 Local
Bank Sepah Bank Sepah 1,771 1925 N/A

Iran Discussion Activity

  • Deposits
    Q: Hi, I would like to know more of how to open an account with you where you would get the 15% rate and how to do this when I am Danish living in Denmark. I have just been informed by my fiancé of this way of increasing my savings by putting money into your bank. Is it legal and how to get it started. He did mention it might needs to stay fixed in your bank for 5 years, but the interests could either get transferred into my Danish account or stay and make a bigger income for later. Hope you find time to get back to me soon Greetings from the nordic Denmark Helena

    Helena from Copenhagen, Denmark
  • Bank Melli Iran
    Q: I own a home in Tehran worth about 400000 dollars. is it possible to take out a loan against it ? the loan amount would be around 150000 dollars. And what conditions and terms would be available for such a loan? Thanks

    Ali from United States
  • Sina Bank - Deposits - Sina Bank 3 Month Fixed Term Deposit
    Q: I am Jordanian living in Kuwait interested to open an deposit in your bank, so how can I do that?

    Abdelwahab from Kuwait City, Kuwait
  • Deposits
    Q: hi, do you have a branch in london that gives the same interest rate? and im not iranian, can i open an account in your branch in london (if you have one)? thanks

    Arij from Southampton, United Kingdom
  • Bank Pasargad
    Q: I am Afghan citizen I live in Afghanistan, can I open an account in order to put some money as fixed deposits for long term and what is the interest rate of fixed deposits. Kind Regards,

    Sediqi from Kabul, Afghanistan
  • Bank Pasargad
    Q: Hi I am iranian citizen, I have heard that the banks in Iran are offering only 15% interest. What is your rate and conditions if I want to deposit high amount of money

    Parham from London, United Kingdom
  • Deposits
    Q: Hi jast want to know if i deposit $100.000 dollar how much I get a month thank you

    Zaid from Australia
  • Bank Melli Iran
    Q: what is rate can you give me for deposit of 10 billion Iran rial for 1 year

    John from Australia
  • Savings
    Q: Hi i want to open savings account with iranian bank but i live in australia and i have an australian citzinship so there is anyway i can open account over there ? Thanks

    ahmed from St Kilda, Australia
  • Deposits
    Q: I am Indian citizen. Can I open saving account or by FDs???

    v from United States