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Bank Muscat al Mazyona reinforces savings habit among children

MUSCAT, 9 April 2017 – Bank Muscat, the flagship financial services provider in the Sultanate, in step with its ‘Let’s Do More’ vision and commitment to partnership in encouraging a savings culture in Oman, celebrated al Mazyona monthly prize draw for children at Al Sahwa School.

By maintaining a monthly balance of RO 50, al Mazyona Children’s Savings account holders get a chance to win one of 30 prizes of RO 100 each every month. If the child is celebrating his or her birthday during that month, they also stand a chance to win one of 10 additional prizes of RO 100 each. By maintaining RO 100 balance, al Mazyona Children’s Savings account holders are also eligible to participate in all al Mazyona prize draws.

al Mazyona Children’s Savings Account is aimed at encouraging the savings culture among children and help parents prepare for the future of children. al Mazyona fulfills the desire of children to have their own bank accounts like their parents. While children grow up, the savings account contributes to a secure future, encouraging them to make savings a regular habit.

Basma and Basim, the child mascots representing al Mazyona Children’s Savings Account, have succeeded in striking an instant appeal with children. The interaction with Basma and Basim at al Mazyona events help children to understand the principles of finance management in general and the benefits of the attractive al Mazyona savings product.

Reaching out with a powerful call for savings, the highlights of 2017 al Mazyona savings scheme include high value prizes for different segments, including women, children, youth and high saving customers, ranging from RO 1,000 weekly prizes to RO 10,000 monthly prizes, RO 25,000 quarterly prizes and RO 100,000 annual prizes.

For the second year in running, Oman’s flagship al Mazyona savings scheme has retained the prize money at RO 10 million. Guaranteeing more for everyone to share, al Mazyona is the biggest prize money in Oman and the region.

al Mazyona offers high savings customers of asalah Priority Banking chances to win RO 30,000 monthly prizes, RO 100,000 quarterly prizes, and RO 250,000 year-end prizes. Prizes reserved for al Jawhar Privilege Banking customers include RO 20,000 monthly prizes and RO 50,000 quarterly prizes.

For over 25 years, al Mazyona has rewarded numerous customers and enriched their lives. Big prize money is not the only attraction of al Mazyona, which is designed to transform the lives of prudent savers. The scheme has succeeded in inculcating a strong savings habit among citizens responsible for the future development of Oman. The flexible scheme makes regular saving easier and is available across the largest network of Bank Muscat branches in Oman.