1. For all Fixed Term Deposit products except traditional term deposits (AED & other foreign currencies), calculation of the interest is done using the 'Actual/Actual' convention (explained below), which assumes the year basis to be 365 days for non-leap year(s) and 366 days for leap year(s).

2. Depending on day on which the deposit is booked ('Fixed Term Deposit Start Date') and period for which the deposit is booked ('Term'), the total number of days for which the Fixed Term Deposit is maintained with ADCB ('Deposit Period'), may span across non leap year(s) or leap year(s).

3. If the Deposit Period contains leap day(s) (i.e. 29^th of February), then:
a.  The number of days which fall in the leap year are divided by 366 and this ratio is then multiplied with the contracted interest rate and Fixed Term Deposit principal, to calculate the interest for that period.
b.  The remaining days, which fall in the non-leap year are divided by 365 and this ratio is then multiplied by the contracted interest rate and Fixed Term Deposit principal to calculate the interest for the remaining period.
c.  The sum total of both these calculated interest amounts obtained at 3(a) +3(b) above, is the total interest paid on the Fixed Term Deposit.

4. If the Deposit Period does not contain  leap day(s), then:
a. The number of days is divided by 365 and this ratio is then multiplied with the contracted interest rate and Fixed Term Deposit principal, to calculate the interest for that Deposit Period.
b. For example:

 **The amount mentioned in the calculator is an indicative figure and is for illustrative purpose only. Please refer to the Fixed Term Deposit advice for the exact maturity amount.

 In case of the Fixed Term Deposits where the Deposit Period is in months, the number of months is converted into days and the interest calculation method is same as mentioned above at points 1 to 4.

1. For all Fixed Term Deposit products, calculation of the interest is done using  “Actual/360” or “Actual/365” convention (explained below), which assumes the year basis to be 360 days or 365 days based on the currency.

2. Depending on Fixed Term Deposit Start Date and the Term of the Fixed Term Deposit the Deposit Period may span across non leap year(s) or leap year(s).

3. Irrespective of whether the Deposit Period contains leap day(s) or non-leap day(s), 

a. The number of days are divided by 360 or 365 based on the currency (mentioned above) and this ratio is then multiplied with the contracted interest rate and Fixed Term Deposit principal, to calculate the interest for that Deposit Period.

b. For example:

 **The amount mentioned in the calculator is an indicative figure and is for illustrative purpose only. Please refer to the Fixed Term Deposit advice for the exact maturity amount.

 In case of the Fixed Term Deposits where the Deposit Period is in months, the number of months is converted into days and the interest calculation method is same as mentioned above at points 1 to 3 for the Fixed Term Deposit products booked/renewed on or after 12^th March, 2019.

In case of early withdrawal of a Fixed Term Deposit, the method explained above for interest calculation will apply. 

The calculation processes provided above are for your information only and may change from time. Your Fixed Term Deposit and any calculation of interest on your Fixed Term Deposit is subject to ADCB Consumer Banking Terms and Conditions available on ADCB Website adcb.com.