Bank Sohar launches new Al Mumayaz savings scheme 2012

MUSCAT: Bank Sohar launched an exciting new Al Mumayaz savings scheme 2012 to encourage customers to save more and an avail the opportunity to win exciting prizes including the year-end grand prize of RO500,000.

The Savings Scheme 2012 “Add to your wealth” was launched at a press conference at The Chedi Hotel yesterday and offers customers a number of reasons to save including and not limited to winning prizes practically every working day of the year. Customers can participate in the prize draws worth RO1, 000,000 to be distributed as daily prizes of RO5,000 each throughout the year and the quarterly prizes totalling RO540,000 (guaranteed branch prizes of RO5,000 and RO50,000 bumper prizes). They can also participate in the year-end grand draw of RO500,000. In addition, there are also exclusive prizes of RO50,000 in June and RO100,000 in December for those who maintain higher savings.

To participate in the RO5,000 daily and the quarterly guaranteed branch draws of RO5,000, customers need to save an average minimum balance of RO100 for a period of 30 days in their savings bank account preceding the draw date and a minimum balance of RO100 on the day preceding the draw. For the quarterly bumper draws of RO50,000 in March, June, September and the year-end RO500,000 draw in December, the average monthly balance required is RO1,000. For the exclusive prizes of RO50,000 in June and RO100,000 in December, customers need to maintain an average monthly minimum balance of RO10,000.

Account holders will have four chances for every minimum average balance maintained in their ac- counts for any of the above draws. Children savings accounts will earn twice the chances to win. Further, accounts that are maintained in AED are also eligible to participate in the Al Mumayaz Savings Scheme.

Khalfan Rashid al Tal’ey, DGM, Retail Banking, Bank Sohar, said: “Since inception, Bank Sohar has been offering customers a unique range of cash prizes. The Al Mumayaz savings scheme 2012 has a lot of features and has been conceived to allow an array of customers to participate while giving them more incentives to save money, while at the same ensuring in return the most exciting cash prizes.”

“Customers are our strength. We believe that our customers will certainly enjoy the excitement and surprises that we have in store for them during the year including the daily prize of RO5,000,” Al Tal’ey added.