Flexi Deposit

Interest rate

Depending on the prevailing market conditions and is revised accordingly. Below are the interest rates effective from 9th January, 2011

Period Monthly Quarterly Half-Yearly Annually Effective rate at maturity
 1 year  0.50% 0.75%  1.00% 1.25%  1.25%
 2 years  1.40%  1.50% 1.750%  2.00%  2.50%
 3 years  2.25%  2.50%  2.65%  2.85%  3.00%
4 years  2.85%  3.00%  3.25%  3.45%  3.75%
5 years  3.00%  3.25%  3.50%  3.75%  4.00%

 Service charges & fee

A flat penalty of 1% on the interest amount is charged if the deposit is withdrawn before the maturity date.

Eligibility

  1. Minimum deposit of RO 20,000/-
  2. 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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