Education Savings Plan
Start a higher education fund for your child
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Deposit tenure up to beneficiary reaching age of 18 years. |
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Competitive Interest Rate of Up To 5%. |
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Flexible payments from just 10 per month. |
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Grow your savings by investing the Child Benefit received from Social Protection Fund. |
The smart way to prepare your child for a bright future is to start saving for it now!
The BankDhofar Long Term Deposit Account for children’s education is specially designed to help smart parents build up the funds to meet their higher learning needs.
Apply for a Long Term Deposit Account – Education now
Benefits & Features
Purpose Driven Saving for Education
Create a dedicated savings pathway focused specifically on future education expenses, helping you plan with clarity and confidence.
Encourages Long Term Financial Discipline
Regular savings over time promote consistency and help reduce the pressure of future lump sum education payments.
Flexible Contribution Approach
Save through manageable, periodic contributions designed to fit comfortably within your monthly budget.
Peace of Mind for Families
Knowing that you are actively preparing for future education gives reassurance and financial stability as milestones approach.
Trusted Banking Partner
Benefit from BankDhofar’s experience, service reliability, and extensive presence across Oman.
Eligibility Criteria
Eligible for an Omani national or expatriate from newborn to 13 years.
Open your Education Saving Account in under a minute using the BankDhofar App.
Steps:
Or visit your nearest BankDhofar branch and our team will assist you through the application process. Find your nearest branch here.
Start Your Journey with Al Heson Saving Account.
Open Al Heson Saving Account to begin with Education Saving Account . This is your first step before applying Education Saving Account .
Learn more about Al Heson Saving Account.
Ask a question or request a call-back. Our team is here to support you throughout your onboarding journey.
Click here.
It is a structured savings account designed to help you prepare financially for future education expenses through regular contributions.
If you are an Omani national or an expatriate resident of the Sultanate, and the account beneficiary is below the age of 18 years, you can apply for a BankDhofar Education Savings Plan.
Yes, the minimum monthly deposit for a BankDhofar Education Savings Plan is 10. The money can be received from Invest with the Social Protection Fund.
Yes, if the deposit amount is withdrawn before the due date, a 1% penalty is calculated in addition customer will only earn interest for the tenure for which the deposit was actually maintained at the normal market rate. To a review of the interest rate based on the actual duration please click on the link.
You can apply on www.bankdhofar.com, or drop in at any BankDhofar branch. Find your nearest location click here.
If you have a query, call us anytime 24x7 on 24791111.
You select a fixed contribution amount when opening the account, subject to minimum requirements.
Do you need further assistance or have questions about Long Term Deposit Accounts - Education?
We are here to help you. Do not hesitate to contact us.
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