| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Oman Arab Bank - Fixed Deposit
|
Minimum Balance: OMR 300 | Annual Fee: OMR 0 | Internet Banking: No | Features: No Salary Transfer |
Open a Fixed Deposit account and make your money work harder for you. You can open a deposit with a minimum balance of RO 1000 for a period ranging from one month to one year. You can also open Fixed Deposit Account in your preferred choice of any major foreign currency.
Eligibility:
Eligibility:
- Any Omanis and non-Omanis who have an account with Oman Arab Bank. This also includes all Corporate customers of the bank.
- A complete Account Opening application form.
- For Omanis: copy of a valid ID Card.
- For non-Omanis: copy of a valid Passport with valid Visa and copy of a valid Residence Card.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
