Muscat | May 8, 2013: Acknowledging the widespread success of their Al Mumayaz Savings Scheme 2013, Bank Sohar encourages customers in Oman to get into the savings habit, while giving them the opportunity to win six hourly prizes every working day. Since it was announced in February this yearthe scheme has been a huge hit with customers throughout the Sultanate as it not only encourages the positive habit of saving, but also rewards those who practice it.
Commenting on the success of the Al Mumayaz Savings Scheme Mr. R. Narasimhan, DGM & Head Retail Banking - Bank Sohar noted, “At Bank Sohar, it gives us great pleasure to announce that over 250 of our customers have already seen the benefits of the scheme and have become lucky winners. We look forward to welcoming more customers to reap the gains that the 2013 Al Mumayaz Savings Scheme offers.”
The 2013 Savings Scheme offers customers a chance to win one of six hourly prizes of OMR 1,000 during the period from Sunday to Wednesday, not including public holidays, 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 the hourly prize draw. These 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 250 ‘hourly prize’ winners from every branch, with some lucky account holders even winning the prize more than once.
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. Additionally, children’s accounts will also be eligible for the bumper draw at the end of the year where ten lucky winners will each walk away with OMR 7,000.
The year-end finale for the Savings Scheme will see the bank conduct a grand draw of RO 600,000. Anyone who maintains a minimum average balance of OMR 1,000 for a period of 30 days prior to the draw is eligible, and as an added incentive to save more money, anyone who maintains a higher minimum average balance of OMR 10,000, is eligible for an exclusive prize draw of OMR 100,000 in December.