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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 OMR 0.500/day.
  • Deposit For A Set Period Of Time
  • Open to customers of all ages
  • Available In OMR Only.

Save a little every month and build up the funds you need for a big dream! 

The Al Riadah 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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Frequently Asked Questions

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

You can an interest rate up to 5% based on your deposit tenure. For the current rate, please click here or call us on 24775775.

No. The Al Riadah Recurring Deposit Account does not entitle you to an ATM, debit or credit card.

Yes. The minimum monthly deposit for a BankDhofar Recurring Deposit Account is 0.500 for daily plan, 5.000 for weekly plan, and 10 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Yes, a penalty of 1% will be charged if the deposit funds are withdrawn before the due date, a 1% penalty is calculated in addition customer will only earn interest for the tenure for which the deposit was actually maintained at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.

Drop in at any Al Riadah centre at a BankDhofar branch near you. Find your nearest location click here.

You can also send us an email at riadah@bankdhofar.com or call us anytime 24x7 on 24775775.

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Do you need further assistance or have questions about Deposit Accounts? 
We are here to help you. Do not hesitate to contact us.

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