Instant Interest Fixed Deposit Account

Instant Interest Fixed Deposit Account – is a great way to maximize your savings in a quick and easy manner

If you are looking for a way to maximize your savings in a quick and easy manner, Sohar International has designed just the right solution for you; the Instant Interest Fixed Deposit Account where the customer receives full interest amount for the FD tenor upon opening the account.

Features & benefits

Attractive & competitive interest rates

Deposit tenor	Interest rate p.a.
12 months	3.55%
18 months	3.58%
24 months	3.60%

Full interest amount for the FD tenor will be paid upon account opening

Documents required

Omani nationals should provide copy of their national ID card.

Non-Omani Residents (Expatriates) should provide copy of their passport and resident card.

Both should also bring the minimum amount required to open the particular account.

Eligibility

Minimum opening deposit amount OMR 10,000 or in multiples thereof

Minimum period of deposit 12 months

Maximum period of deposit 24 months

All individuals including the joint account holder, All residents of Oman, All non-resident Omani nationals, Businessmen, Business and commercial establishments, financial institutions, Corporate organizations/institutions, government and semi-government organizations, charitable trusts/organizations.

Terms & Conditions

Partial withdrawals are not permitted from a Fixed Deposit Account
In the event of premature withdrawals of Fixed Deposits then bank, levy a penalty charge equal to 1%.