Documents Requirements:
Civil ID.
The BankDhofar Recurring Deposit Account let’s you commit as little as 0.500 for daily plan, 5 for weekly plan, and 10 for monthly plan in order to earn higher returns than a regular account.
Recurring Deposit Account
From small regular deposits to big savings
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Flexibility To Pay On Daily, Weekly, or Monthly Basis. |
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Competitive Interest Rate of Up To 5%. |
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Flexible payments from just 0.500/day. |
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Deposit For A Set Period Of Time. |
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Open to customers of all ages. |
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Available In OMR Only. |
Apply for a Recurring Deposit Account now
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Benefits & Features
Save Automatically, Without Stress
Set a fixed monthly amount and let regular contributions build your savings steadily—no large lump sums required.
Encourages Financial Discipline
A structured deposit schedule helps you develop a consistent saving habit and stay committed to your goals.
Flexible Goal Based Saving
Whether you are planning for education, travel, celebrations, or personal milestones, this account adapts to your objectives.
Peace of Mind Through Predictability
A fixed contribution plan allows better monthly budgeting and financial planning.
Convenient Account Management
Monitor your recurring deposit through BankDhofar’s digital channels or with support from the branch network.
Eligibility Criteria
Any Omani citizen or resident
How to Open an Account
Existing Customer
Open your Recurring Deposit Account in under a minute using the BankDhofar App.
Steps:
- Download the BankDhofar app.
- Complete the digital onboarding process.
- Upload/verify required documents.
- Your account is activated once verification is completed.
Or visit your nearest BankDhofar branch and our team will assist you through the application process. Find your nearest branch here.
New to Bankdhofar
Start Your Journey with Al Heson Saving Account.
Open Al Heson Saving Account to begin with Recurring Deposit Account . This is your first step before applying Recurring Deposit Account .
Learn more about Al Heson Saving Account.
Request a Call Back
Ask a question or request a call-back. Our team is here to support you throughout your onboarding journey.
Click here.
Frequently Asked Questions
The BankDhofar Recurring Deposit Account is available for all Omani nationals and expatriate residents of the Sultanate. You may be of any age.
No as BankDhofar Recurring Deposit Account does not entitle you to an ATM, debit or credit card. It is not possible to issue debit card for recurring deposit account.
Yes. The minimum monthly deposit for a BankDhofar Recurring Deposit Account is 0.500 for daily plan, 5.000 for weekly plan, and 10.000 for monthly, education and retirement plan.
Yes, a penalty of 1% will be charged if the deposit funds are withdrawn before the due date, a 1% penalty is calculated in addition customer will only earn interest for the tenure for which the deposit was actually maintained at the normal market rate. To a review of the interest rate based on the actual duration please click on the link.
Yes. You select a fixed monthly amount at account opening, subject to the bank’s minimum requirements.
Specific treatment of missed deposits depends on the applicable terms and conditions. Details will be shared at the time of account opening.
Contact us
Do you need further assistance or have questions about Recurring Deposit Accounts?
We are here to help you. Do not hesitate to contact us.
