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Education Savings Plan

Start an higher education fund for your child

  • Deposit tenure up to beneficiary reaching age of 18 years
  • Competitive Interest Rate of Up To 5%.
  • Flexible Payments From Just 10 Per Month.
  • 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

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Documents Required to open a Deposit

Please find below list of documents required to open Education Saving Plan.

  • Civil ID card or Passport or   Birth Certificate for Omani Child / Minor  
  • Passport copy and resident ID for Expats.

Frequently Asked Questions

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.

You can an interest rate up to 5% based on your deposit tenure. For the current rate, click here or please call us on 24791111.

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Yes, if the deposit amount is withdrawn before the due date, a 1% penalty is calculated in addition customer will only earn interest for the tenure for which the deposit was actually maintained at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.

Your commitment is for the number of payments you make. If you have missed one instalment, you need to extend the tenure by one month.

  • Civil ID card or Passport or Birth Certificate for Omani Child / Minor  
  • Passport copy and resident ID for Expats.

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.

You can an interest rate up to 5% based on your deposit tenure. For the current rate, click here or please call us on 24791111.

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.

Your commitment is for the number of payments you make. If you have missed one instalment, you need to extend the tenure by one month.

  • Civil ID card or Passport or Birth Certificate for Omani Child / Minor  
  • Passport copy and resident ID for Expats.

Contact us

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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