AL KANZ SAVINGS ACCOUNT

Make Saving Matter with Al Kanz 

Make saving matter in your life and we’ll support you with Al Kanz account. Maintain a minimum balance of OMR 100 every month and get the chance to win cash prizes up totaling up to OMR 3.251 Million. Four lucky winners will take home OMR 250,000 each during the Mega draws held twice a year.
With exclusive Sadara, Mazaya, Youth draws and a new exclusive draw for women, everyone has a chance to become an Al Kanz 2021 winner! 

Save more to earn more chances to win!

Sign up, deposit and win!

Join Al Kanz today. Every OMR 100 you save earns you extra chances to enter the draw. So, why wait? Deposit more and increase your chances of winning with Al Kanz! 

 

2021 Scheme

 

Segment Period No of Winners on Each Draw Each Prize 
Half Yearly – Mega Draws June, Dec2250,000
QuarterlyFeb, May, Aug, Nov625,000
Sadara Exclusive Jan-May/ July-Nov325,000
Mazaya Exclusive Jan-Dec410,000
Women ExclusiveJan, Apr, July, Sep61,000
Salary Transfer Jan-Dec50500
YouthJan, Apr, July, Sep115100
National Day November511,000
Total  1,2413,251,000


"Central Bank of Oman requires independent testing and observation of the Al Kanz prize draw, and NBO has complied with this requirement



To complete the account opening process, please visit a National Bank of Oman branch near you with the necessary documents and the rest will be taken care of by your Relationship Manager at the bank.

Required Documents
  1. National ID Card for Omanis / Valid passport and visa for expatriates.​
 Your Relationship Manager will help you complete the following forms:​
  1. ​Account Opening Form
  2. ‘Know Your Customer’ (KYC) Form, which is a standard international best practice requirement. It includes information about your financial planning goals.
  3. Specimen Signature (SS) card
  • All Al Kanz, Al Kanz PLUS, and Non-interest Saving Accounts are eligible for the draw based on average monthly balance 
  • Every RO 100 of average balance or every RO 100 of Salary transfer (for the salary transfer draw) gives one chance to win (RO 100 = One Chance)
    • Mazaya customers get 1.5 chances for every RO 100 of average balance
    • Sadara customers get 2 chances for every RO 100 of average balance
    • Sadara customers are eligible for exclusive draw
    • Youth and Mazaya customers are eligible for an exclusive draw
  • For Sadara Exclusive and Mega draws, a minimum of RO 1,000 is required to qualify for the draw (RO 1000 will get 20 chances for Sadara customers)
  • For Salary transfer draw, a minimum salary transfer of RO 350 is required to qualify for the draw ( RO 350 will give you 3 chances )
  • Customer segments of Sadara, Mazaya, Youth etc. are as per bank's policy
  • On maintaining the balance in the following months, the customers will be rewarded with extra chances by adding the previous months' chances to current months' earned chances. This is valid for every calendar year and ends in December of every year.
  • The longer the money is kept, the more the chances in each of the draws.
  • If in any month, the average balance goes below RO 100, the customer will lose all the points earned in the previous months.
  • The following customers are not eligible for the Al Kanz draw:
    • NBO Staff and their immediate family members (Spouse and children under the age of 18 years)
    • NBO Board members and their immediate family members (Spouse and children under the age of 18 years)
    • All Blocked Accounts except deceased accounts
  • The Bank reserves the right to withdraw or change the chances to the draw for specific segments
  • The Bank will communicate the details of the winners within 5 working days of the draw
  • The Bank will publish the names of the winners of the draw
  • The prize amount will be credited to the customers' account within 7 working days [after appropriate verification] of the date of the draw
  • In case the customer does not want the prize money, the same will be credited to a charity account as per the CBO guidelines.
  • For every OMR 100 credited in your Al Kanz account, you will earn 9 Nuqati points. This is based on an increase in your net balance compared to the previous month’s average balance.

     

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