Interest Rates

SAVINGS ACCOUNTS MAINTAINED IN OMR: 0.70% (w.e.f. 21.07.2016)

(For Savings accounts in other  Currencies, no interest is payable)

Minimum Balance: OMR 100

Penalty: OMR 0.500 per month if balance falls below OMR 100/-

RECURRING* & TERM DEPOSITS** INTEREST RATES % p.a.

PERIOD OMR USD
30 days to 60 days 0.20% 0.30%
61 days to 90 days 0.30% 0.40%
91 days to 179 days 1.20% 0.60%
180 days to less than 1 year 2.25% 0.80%
1 year to less than 2 years 2.25% 1.00%
2 years to less than 3 years 2.25% 1.50%
3 years to less than 5 years 2.50% 1.75%
5 years and more 3.50% 2.00%

* Minimum Monthly Installment for Recurring Deposit : OMR 25
**Minimum Term Deposit Amount
OMR – 500 ;
USD – 2500

Terms & Conditions

a. No interest is payable on Term Deposits, if closed before 1 months.

b. The above rates are applicable for Term Deposits upto OMR 25,000 and USD 50,000.

c. Specific rates will be quoted for Term Deposits above OMR 25,000 and USD 50,000.

d. Penalty for premature payment – Interest will be paid @ 0.5 % below the rate applicable for the period deposit has remained with the Bank.

e. Interest calculation as per Bank’s policy.

f. The above rates are subject to change without notice.