Fees and Charges - Personal Accounts

	Current  Account	Savings  Account	Time Deposit
Minimum balance*	OMR 200	OMR 100	OMR 1,000

Account Service Charges

The following monthly charge* is applicable if the minimum monthly balance is not maintained every day during the month.

Savings Account	OMR 5
Current Account: Dormant Account	OMR 5 OMR 1/ per half year if a/c doesn’t have minimum
Other charges applicable: Issuance of any certificate  (Account Balance, No liability Balance confirmation certificate etc)	OMR 2
Deposits/withdrawals** in currency notes other than OMR	1%
Closure of an Account (within a year of its opening)	OMR 3
Time Deposits: Early withdrawal charges	Minimum OMR 20 or 1% of interest payable whichever is higher.

 

Retrieval of records

Paid Cheques
Up to 12 months old	OMR 2 per document
More than 12 months old	OMR 3 per document
Other documents including statements
Up to 6 months old	OMR 1
6 - 12 months old	OMR 3
More than 12 months	OMR 5

Notes:

Foreign currency Current, Savings and Time Deposit accounts are available in USD, GBP, EUR and other major currencies. Please check with your customer service representative.

Interest on Savings Account is payable quarterly on the lowest balance held during the month provided the lowest balance is OMR 100 and above.

No interest is paid on Personal Current Accounts.

Interest is paid on the full balance of Time Deposits, provided the minimum balance of OMR 1,000 or equivalent is maintained and held until its maturity.

* In case of foreign currency accounts, equivalent of OMR is applicable to the respective account type
** Withdrawal in foreign currency notes is subject to availability