Invest for your future with BankDhofar’s deposit account

With two tailor-made deposit accounts, BankDhofar provides its customers with chances to secure their future. The account provides the best financial future solutions to the customers with the Retirement Plan and Education Plan having the best competitive interest rates.

Dr Tariq Taha, chief retail banking officer noted, "At BankDhofar, we are always keen to provide innovative services, product, and financial solutions that are not only designed to meet our customer current needs, but to fulfill their future aspirations as well. With the Long Term Deposit Account, our customers may save to fulfill their retirement dream with the Retirement Plan, or their children's higher education dream with the Education plan. All that they need to do is save a fixed monthly amount for a specific period and get a lumpsum amount after the deposit period.”

With the Long-Term Deposit Account, customers may save any monthly amount for deposit period as per their needs. Customers may go for the Education plan, to save for the children's higher education, and benefit from the interest rate of up to 5.5 per cent. For example, if a customer saves RO50 for 18 years, the amount will be more than RO18,000 at the end of the period and the customer will get interest amount of more than RO7,000. With the costs of higher education increasing every year, this lumpsum amount will come in handy for customers.

For the retirement plan, customers may save a minimum monthly amount of RO25 for up to 10 years, and benefit from the additional amount on their savings at an interest rate of up to 4.7 per cent. For example, if a customer starts saving a monthly amount of RO50 for a period of 5 years, the amount will be more than RO3,300 at the end of the period and the customer will get interest amount of more than RO320. With increasing possibilities of early retirement, customers can be ready to face such eventualities with this Retirement Deposit account.