• Achieve your Children's Higher Education aspiration with the Education plan and enjoy an interest rate of up to 5.5 %

Muscat: BankDhofar provides the chance for customers to secure their future through Long Term Deposit Account. The account ensures peace of mind for customers when it comes to fulfilling their retirement dream, or achieving their children dreams for higher education, with the best competitive interest rate in the Sultanate.

Commenting on the Account, Dr. Tariq Taha, Chief Retail Banking Officer, at BankDhofar noted: "The Long Term Deposit account allows our customers to plan for the future, which is very essential. Through the account they may save a monthly amount for a specific period and get an increased amount rate after the deposit period. Customers may save to fulfill their retirement dream with the Retirement Plan, or their children higher education dream with the Education plan."  

With the Long Term Deposit Account, customers may save a monthly amount for specific deposit period and enjoy additional credit facilities. 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%.  For example, if a customer saves OMR 50 for 18 years, the amount will be more than OMR 18,000 at the end of the period and the customer will get interest amount of more than OMR 7,000.

For the retirement plan, customers may save a minimum monthly amount of OMR 25 for up to 10 years, and benefit from the additional amount on their savings at an interest rate of up to 4.7%.

For example, if a customer starts saving a monthly amount of OMR 50 for a period of 5 years, the amount will be more than OMR 3300 at the end of the period and the customer will get interest amount of more than OMR 320.

To learn more check out BankDhofar pages on social media; Facebook ( www.facebook.com/BankDhofar ), Twitter (@BankDhofar), Instagram ( www.instagram.com/BankDhofar ), or visit the official website www.BankDhofar.com or contact the call centre 24/7 on (+968) 24791111 for inquiries.

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