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A flat penalty of 1% on the interest amount is charged if the deposit is withdrawn before the maturity date.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