Minor Account

Save for your child’s future today

Save for your child’s future today.

  • View account balances on the OAB app.
  • Free Debit Card.
  • Transfer between accounts seamlessly via the OAB app.
  • No minimum charges on minimum balance

Terms & Conditions apply

Idikhar Saving Account

The Idikhar Monthly Saving Plan encourages a positive saving habit by promoting the concept of saving first, spending later. Unlike the common practice of attempting to save only after settling expenses—where saving often becomes difficult—this plan motivates customers to prioritize saving at the beginning of the month, ensuring consistent growth of their financial reserves.

-Available to All OAB Account Holders

– Minimum Investment: 100 OMR, to be deposited into the Idikhar account.

-Minimum Monthly Contribution: 10 OMR, will be deducted every month from customer Saving/ current account

-Flexible Savings Control: Customers can manage and track their savings goals online via a user-friendly interface.

Interest Rates:

Without Salary Transfer:
• Tier 1: Monthly Contribution from 10  OMR to 499 OMR at 3.50% p.a. (Credited monthly to the Idikhar account)
• Tier 2: Monthly Contribution from 500 OMR+ at 4.00% p.a. (Credited monthly to the Idikhar account)

With Salary Transfer:
• Tier 1: Monthly Contribution from 10 OMR to 499 OMR at 4% p.a. (Credited monthly to the Idikhar account)
• Tier 2: Monthly Contribution from 500 OMR+ at 4.50% p.a. (Credited monthly to the Idikhar account)

Terms & Conditions apply

Child Savings Account

Save for a brighter future

Start saving early for your children and secure their future.

  • Flexibility on your savings: OAB’s Child savings plan can help you decide how much you can afford to save for your child each month starting from as low as RO 10 to a maximum of RO 500. You can amend the monthly deposit anytime without any charges.
  • High Interest Rate*: Your child will benefit from a competitive interest rate of 2.25% per annum on the monthly deposit balance.
  • Free Life Insurance: With OAB you can rest assured that your monthly payments into your children’s accounts will continue under the complimentary life insurance scheme, which covers up to OMR 50,000 in case of any unforeseen incidents that may occur to the parent.
  • Hassle Free Savings Plan: You can easily set up a monthly debit instruction -free of charge- once you open the account, which will automatically debit your main account and transfer the specified amount to your Child’s savings account for the duration of the plan.

*The interest rate is subject to change as per market conditions. Terms & Conditions apply

Current Account

Day to day transaction with cheque book facility

Your current account is packaged with a range of benefits:

  • Access to your money at all times with OAB debit card – Instantly issued in select branches.
  • Free 24 hours cash withdrawal and deposit from over 147 ATMs across Oman and over a million globally. OAB debit card can also be used at over 30 million merchant locations worldwide.
  • Cheque book facility
  • Multiple currency options
  • Free SMS banking
  • Free eStatements and eAdvices
  • “Fil Khidma” Call Center available 24 hours a day.
  • Utility bills payment through our ATMs, call center, OAB Online application and branches.

At the time of account opening you will receive a welcome kit, with all the information you need to start your banking experience with us.

Key Fact Statement

Fixed Deposit Account

Invest your money with the certainty of a fixed interest rate and a choice of terms.

Earn guaranteed returns with your fixed deposit, offering flexible tenors and interest payment options:

  • Open your account at any of our 49 conveniently located branches across the Sultanate
  • Deposits can be fixed for 1 month, 3 months, 6 months, 1 year up to 5 years.
  • You can receive interest at end of term, semi-annually or annually.
  • Multiple currency options.
  • eStatements and eAdvices
  • “Fil Khidma” Call Center available 24 hours a day.

At the time of account opening you will receive a welcome kit, with all the information you need to start your banking experience with us.

Growth Account

Grow and protect your savings with an interest paying transactional account

Now you can enjoy receiving monthly interest payments on your transactional account and watch your deposit grow and protect it at the same time.

  • Open your account at any of our 49 conveniently located branches across the Sultanate
  • High interest rates paid on monthly basis
  • Access to your money at all times with OAB debit card – Instantly issued in select branches.
  • Free 24 hours cash withdrawal and deposit from over 147 ATMs across Oman and over a million globally. OAB debit card can also be used at over 30 million merchant locations worldwide.
  • SMS banking
  • eStatements and eAdvices
  • “Fil Khidma” Call Center available 24 hours a day.
  • Utility bills payment through our ATMs, call center, OAB Online application and branches.

Key Fact Statement 

Hasaad Savers

No access savings account
The best alternative to help you manage your saving goals.

Hasaad Savers account features are as follows:

  • We help you achieve your saving goals for your family
  • No access to debit card

Youth Account

The fun way to bank!
Designed specifically for graduate students, the account is available for anyone between the ages of 18 to 27 years old.

If your between the ages of 18-27 years old your eligible to enjoy the benefits of OAB Youth account:

  • Enjoy free internet data of up to 24GBs annually to Omantel customers by simply saving a monthly minimum balance in your youth account
  • Vibrant design Youth Visa Debit Card
  • No minimum balance charges
  • Special offers and discounts for Youth card holders
  • 50% discount* on VOX cinema tickets. For details, please visit: https://oman.voxcinemas.com/ticket-offer/oman-arab-bank
  • Buy one get on free on Cinepolis cinema tickets. For more information, please visit: https://oman.cinepolisgulf.com/promotion/64

*T&C

Upfront Deposit Interest Account

Boost your wealth instantly!

Setting new standards in banking with upfront interest rates of up to 5.05% p.a. and a minimum deposit of 10,000 OMR.

Visit your nearest branch to apply.
T&C Apply

Saving Basket

Saving Basket.

Get high returns on your fixed deposit and receive a guaranteed interest rate of up to 5.4%.

90% of the deposited amount will be automatically fixed for one-year duration.

The remaining 10% will be deposited as savings with 1.4% interest rate.

With a complimentary:

  • Credit Card (Max 10% of the savings value)
  • OD – overdraft – (Max 10% from the saving value) 

Start enjoying your yearly profits today with the OAB Savings Basket

Visit your nearest branch to apply.

T&C Apply

High Yield

Introducing our new tier-based interest-bearing account, designed to reward you with competitive returns on your minimum monthly balance. With deposits starting from just RO 1,000, you can earn up to 4.5% p.a. as your savings grow.

Enjoy the flexibility to add to your deposit at any time, ensuring your money works harder for you.

* T&C apply