In case the customer wishes to prematurely exit from the savings plan, he can do so by filling the cancellation form at the branch and the bank will refund back all the monthly deposits made by the customer.
a. customers who wish to prematurely exit from themaar savings plan before completing one year of depositing shall pay a charge of OMR 5 and shall not receive any interest.
b. customers who wish to prematurely exit from the savings plan after the completion of one year of depositing shall pay a charge of OMR 3 and interest cost will be revised based on actual tenor less 1% penal interest.
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