Interest rate
With such a dynamic and fluctuating market, conditions are constantly revised accordingly. Below are the current interest rates effective from 9th January 2011
| Amount(OMR) |
1
month
% |
3
months
% |
6
months
% |
1
year
% |
1 1/2
year
% |
2
years
% |
3
years
% |
4
years
% |
5
years
% |
| 1000 to 75,000 |
0.25% |
0.50% |
1.00% |
1.25% |
1.75% |
2.50% |
3.00% |
3.75% |
4.00% |
| 75,001 to 300,000 |
0.50% |
0.75% |
1.25% |
1.50% |
2.00% |
2.75% |
3.25% |
3.75% |
4.00% |
Service charges & fee
A flat penalty of 1% of the interest rate is charged if the deposit is withdrawn before the maturity date or interest paid at the prevailing market rate at the start of Fixed Deposit, for the utilized period.
Eligibility
- Minimum deposit of RO 1,000/-
- The Applicant should be 18 years & above
Documents required
Copy of valid I.D (Omani), copy of valid passport and resident card (Expatriates)
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