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Recurring Deposit Account

From small regular deposits to big savings

  • Flexibility To Pay On Daily, Weekly, or Monthly Basis.
  • Competitive Interest Rate of Up To 5%.
  • Flexible payments from just 0.500/day.
  • Deposit For A Set Period Of Time
  • Open to customers of all ages
  • Available In OMR Only.

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.

Apply for a Recurring Deposit Account now 

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Documents Required to open a Deposit

Customer Type

ID Proof

Proof of Residence address

Proof of Permanent Address

Omani

Civil ID

Civil ID (if it matches)

Not required

Expat

Civil ID And Passport

Utility Bill Or Lease agreement Or Employer letter Or Bank Statement

Passport (If it matches)

-   Minor / Child(Omani)

Civil ID or Passport or Birth Certificate

Not required

Not required

-   Housewife

-   Students

-   Child /Minor (Expat)

-   Unemployed

-   Free lancer

As per nationality

As per nationality

As per nationality

 

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. 

You can earn interest rate up to 5% based on your deposit tenure. For the current rate, click here or please call us on 24791111.

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Yes, a penalty of 1% will be charged if the deposit funds are withdrawn before the due date, a 1% penalty is calculated in addition customer will only earn interest for the tenure for which the deposit was actually maintained at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.

You can apply on www.bankdhofar.com, or drop in at any BankDhofar branch. Find your nearest location click here. 

If you have a query, call us anytime 24x7 on 24791111.

If you are an existing customer,

  • Civil ID card for Omanis
  • Passport copy and resident ID for Expats.

If you are new to BankDhofar,

  • Civil ID card for Omanis
  • Passport copy and resident ID for Expats.
  • Proof of address (for Omanis): Civil ID (if the address matches) 
  • Proof of address (for Expats): Utility Bill Or Lease agreement Or Employer letter Or Bank Statement
  • Address proof of permanent address (for Expats): Passport (if the address matches) Or Utility Bill Or Bank Statement

The BankDhofar Recurring Deposit Account is available for all Omani nationals and expatriate residents of the Sultanate. You may be of any age. 

You can earn interest rate up to 5% based on your deposit tenure. For the current rate, click here or please call us on 24791111.

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.

You can apply on www.bankdhofar.com, or drop in at any BankDhofar branch. Find your nearest location click here. 

If you have a query, call us anytime 24x7 on 24791111.

If you are an existing customer,

  • Civil ID card for Omanis
  • Passport copy and resident ID for Expats.

If you are new to BankDhofar,

  • Civil ID card for Omanis
  • Passport copy and resident ID for Expats.
  • Proof of address (for Omanis): Civil ID (if the address matches) 
  • Proof of address (for Expats): Utility Bill Or Lease agreement Or Employer letter Or Bank Statement
  • Address proof of permanent address (for Expats): Passport (if the address matches) Or Utility Bill Or Bank Statement

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.

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