Now you can earn a higher income on your surplus funds by investing those with us. We provide security, trust, liquidity and competitive rate of interest.
Flexibility in period of term deposit from 3 months to 36 months.
Affordable Low Minimum Deposit Amount: You can open a Term Deposit with SBI Muscat for a nominal amount of OMR 500 or USD 2500.
Please check our Interest Rates online
Flexibility in choosing the amount you wish to invest and the maturity period.
Earn Interest on Interest
This plan helps you to earn interest on interest, thus giving you a two-fold income. You deposit your money with us for any period between 3 months to 36 months, and we pay you interest on your deposited money plus on the interest you earn. Thus your interest gets compounded giving you higher returns.
We understand the value of your hard earned money and continue to deliver on our promise of safety and security.
Loan facility: You can avail a loan against your deposit. SBI Muscat provides you loan @ 1.50% above the rate payable on the Deposit which is being offered as security. So you continue to earn interest in your deposit and still can meet your urgent financial requirements.
Interest to be charged on premature withdrawal of term deposits at 0.50% below the rate applicable for the period deposit has remained with the Bank. No penalty on the Principal Amount Deposited with us.
There is no need for you to keep track of the maturity of your deposits. Your deposits with us will be renewed automatically, post maturity and you continue to earn interest for same period as that of your matured deposit, at the interest rate prevailing at the time of maturity.
Easy and convenient access of 24X7 information at SBI Muscat Internet Banking.
Flexible / Timely Payment of Interest
We assure timely delivery of the proceeds of your deposit with interest, on maturity. You have the Flexibility of payment on maturity through Cash or Credit in Savings Bank/Current account.