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If you’re looking for investments that guarantee rich returns without the risk, Sohar International has designed just the right investment vehicle for you; the Term Deposit Account.
Initial deposit
As a zero-risk, high-return investment plan, Sohar International’s Term Deposit Accounts offer you the option to invest in a choice of currencies - Omani Riyals, US Dollars, Sterling Pounds, Euros and the Japanese Yen, at different tenors to suit your requirements. The account can be opened individually and jointly by residents of Oman and Omani non-residents including individual businessmen, business and commercial establishments, corporate organizations, institutions, government and semi-government organizations and charitable trusts.
With a Term Deposit Account at Sohar International, you have the option to choose the investment tenure that suits your requirement as well as your interest payment plan; whether monthly, quarterly, half-yearly, yearly or on date-of-maturity. All this goes to ensure that you enjoy the benefits of an investment account designed around your needs in more ways than one.
Minimum opening deposit amount OMR 1,000/-
Opportunity to earn higher returns at 0% risk
Standing order facility for payment of interest and principal amount
Free-of-cost transfers of funds to various other accounts within Sohar International
Power of Attorney facility for account operation by third parties
Loan against deposits to meet ultra short term requirements
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.
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.