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BankMuscat Al Mazyona Children’s Account
Draw Winners Announced
Muscat,
22 January, 2008: The winners of
BankMuscat’s al Mazyona Children’s Account for
December were picked out in a draw held recently
by kindergarten students of the Azaan Bin Qais
Private School.
The ten young children who drew the names of the
winners were thrilled at the presence of
BankMuscat officials in their school premises.
All the more since the brightly colored al
Mazyona Children’s bus parked close by sparked
their curiosity to take a look inside.
Speaking on the occasion, Sulaiman H Al Harthy,
DGM-Consumer Banking, said,
“The al Mazyona children’s account has been
gaining momentum as people are steadily starting
to appreciate the wealth of benefits that the
account offers. We at BankMuscat believe it is
our responsibility to help incorporate the
savings habit amongst parents who wish to
provide their children with a secure future. We
hope these incentive encourage more parents and
guardians to participate in this scheme, which
the bank has initiated to help build a stronger
foundation for the children of the Sultanate”.
The al Mazyona Children’s Account ensures that
the children of the account holder enjoy a whole
range of benefits, starting from the time the
account is opened till he/she turns 18. If a
minimum balance of RO 50 is maintained in the al
Mazyona Children’s account the account holder is
eligible to participate in a special monthly
draw where 10 children’s account holders get the
chance to win RO 100 each. Additionally they can
also participate in the ongoing al Mazyona
scheme draws and stand to win RO 20,000 every
week and every month and RO 100,000 every second
month.
The savings plan also provides for a school
continuity cover so that account holders can
ensure that their children's education would
continue uninterrupted till the age of 18.
BankMuscat has committed to pay RO 100 per month
as part of this cover should something
unfortunate occur during that period to the
parents of the child. An interest free education
loan is also obtainable to parents so as to
facilitate higher education for their children
when they turn 18. This loan will be linked to
the tenure and annual average balance maintained
by the parent in the specific al Mazyona
Children’s account.
Children also get a unique branded ‘Super Card’
personalized in their name, when they open an al
Mazyona Children’s account, which allows them to
avail of fantastic discounts and offers at a
variety of merchant establishments including
fast food parlours, toy stores, book stores,
amusement parks and much more.
Additional features of the account include a
free ATM card, with which a child can deposit
money into their account through any of the
Bank’s cash deposit machines (EasyDeposit)
nationwide. Parents can use this account to pay
their children’s school fees through the
EasyDeposit machines. The Bank also allows for
free fund transfers to encourage parents to set
aside funds from their own accounts to their
children’s al Mazyona savings accounts. |
