MUSCAT: As families prepare for the new school year, BankDhofar is reinforcing its role as a partner in social development and individual empowerment by offering innovative financial solutions that help Omani families plan for their children’s future. Through its Education Savings Plan, the bank is helping parents build a secure financial foundation to support their children’s educational journey.
The initiative reflects BankDhofar’s ongoing commitment to promoting financial literacy while encouraging prudent financial planning and long-term saving habits. The Education Savings Plan provides families with a practical and disciplined way to prepare for the costs of higher education and university studies.
The plan enables parents and guardians to establish an education fund for their children through monthly deposits starting from just OMR 10. Savings continue until the beneficiary reaches the age of 18 and offer an interest rates of up to 5%, depending on the deposit period. This allows families to steadily grow their savings while working towards their children’s educational aspirations.
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As part of its commitment to making the plan accessible to a wider segment of society, BankDhofar has linked the program to the Child Benefit received from the Social Protection Fund, broadening access to sustainable savings solutions that benefit students and families alike.
BankDhofar encourages parents to take advantage of the Education Savings Plan as a proactive step towards securing a brighter educational future for their children. Customers can learn more by visiting any of branches or through the BankDhofar website.
BankDhofar is the second-largest bank in terms of branch network in the Sultanate of Oman, with more than 145 branches strategically located across the country. Through its extensive network, the Bank offers a wide range of banking solutions tailored to serve all segments of society, including women, youth, children, minors, and high-net-worth individuals. In addition, BankDhofar also provides specialized wealth management services for its affluent clients and their families, ensuring that their assets are managed securely, prudently, and with the highest level of confidentiality.
