For the risk averse investor, fixed deposits are always a recommend form of investments. In fixed deposits, you lock your money in for a fixed length of time at a fixed rate of interest. Upon maturity, you can withdraw your principal plus the interest earned.

Fixed deposits are available for a variety of time periods and in various currencies. Foreign currency fixed deposits work exactly like ordinary fixed deposits except that they are not in local currency.

Flexible Tenures & Deposits

Fixed deposits can be placed for a minimum of one month to a maximum of one year. Deposit amounts can also be varied with the minimum deposit amount being RO 1,000 or its equivalent in AED, USD, GBP, or Euro. The minimum add-on deposit is RO 500 or its equivalent in AED, USD, GBP or Euro.

Open to Individuals and Corporates

Individuals and Corporates can take advantage of this risk-free investment opportunity by putting money in fixed deposits.

Withdrawals Possible Before Maturity

For emergencies and in times of extraordinary need, fixed deposits can be withdrawn fully or partially before maturity. However, conditions apply.

Auto Renewal

In the absence of disposal instructions on maturity, fixed deposits are automatically renewed and rolled over for a similar tenure.

Credit Facilities

Depositors can also use fixed deposits as security for availing credit facilities.