Safe Deposit Lockers

Meethaq Safe Deposit Lockers

Give your valuables the safety of a locker with meethaq safe deposit locker service, which ensures that your valuables are safe and your mind is at peace

Features:

Lockers available in three different sizes, Small, Medium and Large.
Flexibility to pay Rent on a Monthly or Annual basis.
Assign up to 4 other persons (18 years or above) to access the Locker based on your one time authorization at the time of opening of the Locker service.
Complete maintenance of log / record for Locker visits, available for the customer information, if required.
The Lockers can be rented for shorter periods such as 3 months, 6 months etc.
Auto renewal of the facility available so you don't need to worry for the regular renewals. The rental will also be automatically collected from the specified linked account.
You can vacate the Locker by providing a one month notice to your respective Branch.
Locker service is available on a first come first serve basis; if the service is not available at your branch you can apply for the service at another branch.
Safe access to the Lockers during Branch Operation Hours; Sunday to Thursday, 8:00 AM to 2:00 PM.

Eligibility:

All individuals (18 years or above age) who have (or want to open) a current or savings account with meethaq can avail the service
The account should have sufficient funds to recover the periodic rental applicable for the locker service based on the type of locker occupied

Fees & Charges:

For more details, please refer to Meethaq Tariff Book, Click here

Terms & Conditions:

To read our Terms & Conditions, Click here

Documents Required:

Signed Safe Deposit Lockers application form.
ID card (for Omani nationals)
Resident card and passport (Residents)

FAQs:

How is Meethaq locker facility Islamic ?

The locker service available to meethaq customers is based on the shariah compliant terms of ijarah.

Is there any takaful coverage for the locker service at Meethaq ?

No, currently the bank doesn’t arrange any takaful coverage on the lockers; customers need to arrange takaful covers on their own.

How many lockers can a customer apply for ?

A customer can apply for a maximum of three lockers at one time. Sbject to lockers availability.

Which are the Meethaq branches where locker service is available ?

Ghubra Islamic Branch
Nizwa Islamic Branch
Ibra Islamic Branch
Salalah Islamic Branch
Sohar Islamic Branch
Buraimi Islamic Branch
Khoudh Islamic Branch
18th November Street Islamic Branch

The service will be available at other branches in the future.

What is the charge for a new locker key if a customer loses his/her key ?

50 Omani Rial is charged by the bank to arrange a new key for the locker.

What is the initial 100 OMR security deposit ?

The customer needs to pay a one-time security deposit of 100 OMR as security deposit at the time of booking of locker, to cover the rental in case the customer doesn’t pay the dues or doesn’t report to vacate the locker. This amount is refundable once the customer vacates the locker.

What are the Rentals and charges for Meethaq safe deposit lockers

The rentals vary based on locker size and rental tenor (1 month, 3 months, 6 months or 1 year). flexible payment options are available for the locker rental like monthly, quarterly, semi-annual or annual payment.

Size	Monthly Rent (Inclusive of VAT)	Yearly Rent (Inclusive of VAT)<
Small	5.25	52.5
Medium	8.4	84
Large	12.6	126

Charges:

Delayed Rental Payment	0.5% per day of the outstanding rental
Locker Surrendered within 3 months	Actual rental of 3 Months + 1 Month extra rent for the same type of locker (Small/Medium/Large) + 5% VAT
Locker Surrendered after 3 months	Actual rental for the period locker was occupied + 1 Month extra rent for the same type of locker (Small/Medium/Large) 5% VAT