Fixed Deposits

Open a Fixed deposit to earn attractive and competitive interest rate. You can do so conveniently, either by transferring the funds from your Savings or Current account through branches or by speaking to the Call Centre Agents over the phone.

Alternatively, you can open a Fixed Deposit by paying cash or by cheque at the branches.

You can open a Fixed Deposit with a minimum amount of RO 1000 for a period ranging from 1 month to 3 years. At the time of opening a Fixed Deposit, you can provide instructions for auto-renewal so that the Bank can renew your fixed deposit upon maturity of the fixed deposit.

Tenure of Fixed DepositInterest % p.a. for OMRInterest % p.a. for USDInterest % p.a. for GBPInterest % p.a. for EURInterest % p.a. for AED
I month0.050.050.00%0.00%0.00%
2 months0.050.050.00%0.00%0.05%
3 months0.250.250.00%0.00%0.10%
6 months0.400.400.00%0.00%0.20%
9 months1.101.100.25%0.0%0.40%
12 months3.001.750.25%0.00%0.60%
18 months3.251.75---
2 years3.501.75---
3 years3.751.75---
4 years4.001.75---
5 years4.001.75---
6 years4.001.75---

Dial Call Centre (+968) 2479 5555 (7.00 am - 11.00 pm) for further details

To open an account from home or office, please dial (+968) 2479 5555 . Our experienced Direct Sales staff will visit you to do the needful.


Fixed Deposit Account FAQs

Who can open a Fixed Deposit with BankMuscat?

A Fixed Deposit can be opened either in the name of individuals or minors or in the name of a Organisation / Ministry / Company (irrespective of the size).

How much money do I need to deposit to open a new Fixed Deposit?

You can open a Fixed Deposit with BankMuscat with a minimum of RO 1000. In case you already hold a Savings or Current account with BankMuscat, you can transfer funds directly from this account to open a new Fixed Deposit by giving instructions to your branch or through Call Centre over the phone.

What is the interest on Fixed Deposits?

Please refer to customer tools section on the Home page.

Can I break my Fixed Deposits before the maturity date?

Yes, you can. In that case you will be charged a pre-payment charge of 1% of the Fixed Deposit amount.

How do I renew my Fixed Deposit?

You have to provide an instruction to the Bank to renew your fixed deposit upon maturity. Alternatively you can provide an auto-renewal instruction to the bank at the time of opening a Fixed Deposit, so that Bank can automatically renew your deposit at the time of maturity.

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