Interest rate
Depending on the prevailing market conditions and is revised accordingly. Below are the interest rates effective from 25th October 2009.
| Period |
Monthly |
Quarterly |
Half-Yearly |
Annually |
Maturity Rate |
| 1 year |
2.05% |
2.20% |
2.50% |
2.75% |
2.75% |
| 2 years |
2.55% |
2.75% |
2.85% |
3.00% |
3.25% |
| 3 years |
2.85% |
3.00% |
3.25% |
3.35% |
3.50% |
| 4 years |
3.00% |
3.25% |
3.50% |
3.75% |
4.00% |
| 5 years |
3.25% |
3.50% |
3.75% |
4.00% |
4.25% |
Service charges & fee
A flat penalty of 1.5% on the interest amount is charged if the deposit is withdrawn before the maturity date.
Eligibility
- Minimum deposit of RO 20,000/-
- 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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