Saving plan Deposit is based on Mudarabah structure. 

Yes, the profit rates are expected based on monthly average balance and deposit tenure. The rates are competitive up to 5%

You can open Saving Plan Deposit with a monthly contribution as low as OMR 10. 

The tenure for Saving Plan Deposit starts from 3 month till 18 years. The wider tenure is, the greater amount is achieved as saving plan goal. 

• ID for Omanis, for non-Omani Customers Resident ID and copy of the passport visa page
• Proof of address, you may use an electricity bill or water bill.

No, once the deposit with standing order is created, you won’t be able to credit or debit any amount for the complete time of agreed tenure. 

Yes, you can request branch staff to transfer initial/ opening balance from your operative Deposit into your Saving Plan Deposit at time of opening. 

No, since the deposit is fixed for a specific tenure without credit and debit possibility, debit card cannot be issued. 

No, there is no penalty charges on early withdrawal of deposit. However profit rate will be adjusted.

No, standing instruction for Saving Plan Deposit is free of charges for all ages.