Savings

Thursday-2024-10-31

As part of the promotion of a culture of savings and the expansion of savings solutions, the Bank for Social Development continues to provide the Savings Programme, one of its most important innovative products, designed specifically to support Bank clients, including young people, women, older persons and persons with disabilities, in building monthly financial savings to meet their short-term future needs through simplified savings plans and flexible and expeditious actions.

In a qualitative step towards expanding the programme ' s beneficiaries, the Bank for Social Development announced its partnership with the country bank, providing a greater opportunity for customers to benefit from the benefits provided by the SD, reflecting the Bank ' s commitment to strengthening its role in empowering individuals in all sectors and contributing to improving the quality of their financial lives.

The advantages of the Savings Zod programme:
- The programme provides a flexible savings plan for five years.
- It has the potential to draw and deposit without any extra charges.
- Provides monthly incentives and annual awards for participants.
- A monetary incentive of up to 20% and up to 3,000 rials at the end of the programme.
- Full flexibility without requiring customers to a certain number of monthly savings.

Through the Safia programme and its partnership with the country bank, the Bank for Social Development seeks to serve various community groups, young people seeking financial stability, to ambitious women to achieve their goals, older persons wishing to secure their future needs and persons with disabilities seeking to strengthen their financial independence, and the Bank affirms its commitment to promoting a culture of savings and enabling individuals to achieve their financial goals in a sustainable and effective manner.