- Over 600 ‘hourly prize’ winners covering every branch
- Draws will continue till the end of the year
Muscat, August 24, 2013: Since its launch in February this year, the Al Mumayaz Savings Scheme 2013 has proved a hit with Bank Sohar’s customers throughout the Sultanate with its popularity growing daily. Thanks to six hourly prizes during every work day, which has already seen over 600 winners to date, the Al Mumayaz Savings Scheme actively encourages customers in Oman to get on board with the savings habit, and with the generous prize pool, rewards those who practice it.
Commenting on the ongoing success of the Al Mumayaz Savings Scheme 2013 Mr. R. Narasimhan, the DGM and Head Retail Banking at Bank Sohar said, “With the Al Mumayaz Savings Scheme, we offer customers an innovative way to secure their financial future, while at the same time offering ample opportunities to enrich their present thanks to our hourly draws. As a result the incentivized savings scheme has garnered significant popularity since its launch with new accounts being opened every day, and it shows no sign of slowing.”
The most prominent incentive of the 2013 Savings Scheme are hourly prize draws which offer customers a chance to win one of six hourly prizes of OMR 1,000 during the period from Sunday to Wednesday, in addition to numerous other prizes every quarter and the year-end grand prize of OMR 600,000.
Under the scheme, customers who maintain a minimum average balance of OMR 100 in their Al Mumayaz savings account are eligible to participate in these hourly prize draws. These daily prizes will be drawn six times on the allocated days, ensuring that there will be over 1,000 ‘hourly prize’ winners over the course of 2013. In fact, since its launch, the scheme has already seen over 600 ‘hourly prize’ winners covering every branch with some even winning the prize more than once.
“While we may have given away over 600 prizes in our hourly draws so far, there are still many more hourly prizes of OMR 1,000 left to be won; and that’s before you even take into account our third quarter draw and the year-end grand draw. So, open an Al Mumayaz account as soon as possible to maximize your chances of joining our exclusive list of lucky winners,” added Mr. R. Narasimhan.
Customers who meet the same minimum average balance requirement are also eligible for the quarterly regional prize draw of OMR 7,000. In addition, there are also exclusive bumper draw of OMR 70,000 every quarter for those who maintain a higher minimum average balance of OMR 1,000.
Also, new to this year’s scheme are exclusive prize draws for children. All children’s accounts which maintain a minimum average balance of just OMR 100 are eligible for a draw of OMR 7,000 for the first three quarters, in March, June and September. The prize money will be distributed among seven lucky winners who will each find their accounts OMR 1,000 richer.
The bank has already conducted two of its three scheduled quarterly draws with the third draw scheduled to take place beginning of October.
Encouraging customers to save money was the key goal behind the development of this incentivized scheme and as a reflection of this fact the bank offers a better chance to those that save more. As a result, account holders will have four chances for every minimum average balance maintained in their accounts for any of the above draws. Children savings accounts will earn twice the chances to win. Further, accounts that are maintained in AED are also eligible to participate in the Al Mumayaz Savings Scheme.
For further details on Bank Sohar’s Al Mumayaz Savings Accounts and the bank’s other products and services, please visit www.banksohar.net. You can also follow the bank on Facebook at www.facebook.com/excel.banksohar and on twitter @banksohar_excel.