Education Savings Plan
Start an higher education fund for your child
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
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 Al Riadah Education Savings Plan.
You can an interest rate up to 5% based on your deposit tenure. For the current rate, please call us on 24775775.
Yes. The minimum monthly deposit for a BankDhofar Education Savings Plan is 10.
Yes, if the deposit amount is withdrawn before the due date, a 1% penalty is calculated in addition customer will only earn interest for the tenure for which the deposit was actually maintained at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.
Do you need further assistance or have questions about Deposit Accounts?
We are here to help you. Do not hesitate to contact us.
