Recurring Deposits

A Recurring Deposits is a type of term deposit account in which customers can invest fixed sum on monthly basis for a fixed tenure instead of locking the entire investment amount in a fixed deposit account.

Eligibility :

Omanis and Expatriate
New to Bank and Existing customers.
Age 18 years and above.

Features and benefits :

Easy and convenient account opening through the mobile banking app from anywhere anytime.

Flexible savings plans from 1 to 5 years

Automated monthly deposits via standing instructions

Flexible monthly deposits amounts from OMR 25 to OMR 5,000

Competitive interest rates paid on maturity

Bonus for regular paying customers

No minimum balance charges

Account maintained in OMR currency

Joint account option is available

Terms and Conditions

There is No Debit card associated with this account
Standing instruction cannot be amended for the whole tenor of the plan.
Funds can only be transferred from Sohar International accounts operated and owned by the customer. Other bank incoming transfers are not allowed.
Free standing instruction if the transfer is from customer’s SOHAR INTERNATIONAL operative account to their own RD Account.
A customer can open up to 5 RD accounts