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).
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.
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.
