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.
Provider 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

  • Bank Melli Iran
    Q: what is the rate can you give me for deposit of $20,000 US Dollar for 1 Year?

    Reply Shuja from Iran
  • Savings
    Q: What's the best way to invest my money in Iran. And how can I do this from Australia. I am a New Zealand citizen.

    Reply Riki from Raby, Australia
  • Deposits
    Q: How much the future price of this currency I think too much risk to invest in this currency

    Reply Raed from Manama, Bahrain
    • R: All investments are risky and always the best diversification work for investments in deposits, stocks and gold ... For Iran I have a deposit from 2014 and the deposit has been increased in 2016 and 2017 and with the decline of the transaction now on 4/2018, the deposit is still earning 18% The reason is to re-invest all profits from 2014 and plan to invest 20% capital increase after Ramadan

      Reply ammar
  • Bank Pasargad
    Q: what's the deposit term interest rate

    Reply abdulhossain from Brisbane, Australia
  • 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

    Reply 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

    Reply Ali from United States
    • R: You can get lone bout not 150,000 . It all depends on how old is the home... New home 15 million 5 years old 15 to 12 millions 10 and older 12 to 9 million. This is the way it was last i remember.. irans bank well never cover 100% or even 50% of its worth.. the payment well be to hi.

      Reply Mohammad
  • 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?

    Reply 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

    Reply 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,

    Reply Sediqi from Kabul, Afghanistan
    • R: i think its ok to open an account people in the gulf countries can and they do

      Reply maha
  • 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

    Reply Parham from London, United Kingdom
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