Neswa Savings Account

Packed with unique features and benefits, neswa savings account is crafted to make women’s life easy and help pursue goals that matter

Features:
  • Tiered/Slab based profit & loss bearing savings account, so the higher the average balance the higher the profit.
  • Visa Debit Card with an ATM withdrawal limit of RO 800 and access to the largest network of ATMs and CDMs across Oman.
  • Complimentary Takaful coverage under Woman's Wellness Program the customer maintains a monthly average balance of OMR 5,000. The benefits include:
    • Free Life Cover (up to RO 10,000)
    • Loss of Cards (Misuse of lost cards up to RO. 1,000 per accountholder)
    • Loss of ID Cards / Keys (up to RO 100)
  • The customer has to maintain an average balance of RO 5,000 in the Neswa account to be eligible for the above mentioned covers.
    • Attractive profit rates paid on the average balance of the month with no minimum balance requirment for Mudarabah profit eligibility.
    • Exclusive discounts on Safe Deposit lockers: Up to 50% discount on locker annual rental charges of the first year for account holders meeting the product criteria; subject to locker availability.
Expected Profit Rate:
Tiers / Slabs (OMR) Expected Profit Rate
Up to 299.99 0.10%
300 – 999.99 0.50%
1,004,999.99 1.00%
5,000 – 9,999.99 1.25%
10,000 & Above 1.50%
Fees & Charges:
  • For more details, please refer to Meethaq Tariff Book, Click here
Eligibility:
  • Any female (Omani citizen or resident), 18 years or above, is eligible to open a neswa savings account
  • She should have a minimum balance amount of rials Omani 300 or minimum salary transfer of rials Omani 500
Terms & Conditions:
Documents Required:
  • Signed application form.
  • ID card (for Omani nationals)
  • Resident card and passport (Residents)

FAQs:

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