A Children’s Account from NBO is a savings account that allows parents to secure their children’s future and gives them the ability to choose whether the account should be interest-bearing or not. The purpose of this account is to encourage saving habits amongst parents so that they can start saving for their children’s future.​

Whether you want to save for your children’s education or just want to grow a strong savings base towards their future, our Children’s Account is the perfect solution for you.


  1. ​​Offers: Enjoy child-friendly merchant offers related to educational, entertainment and fitness related activities
  2. Child Surprises: Enjoy gifts offered to children on occasions (ie. Birthdays, Milestones & Eid)​
  1. Any parent or guardian, Omani and expatriate above the age of 18 can open a Children’s Account and Recurring Deposit Account
  2. All children should be below 18 years of age

To apply for a Children's Account, please visit your nearest NBO branch, with the below mentioned documents and the rest will be taken care of by our dedicated team.
  • Parent's ID copy (for all Omani nationals)
  • Passport copy (for expatriates)
  • Child's passport copy
  • Child's birth certificate
  • Utility bill (for proof of address)​

To view the terms and condition. Please click here.



1. Who can open a Children's Account?
Any parent (father or mother) or guardian can open a Children's Account for his/ her child, as long as the child is under 18 years of age and parents / guardian should not be older than 65 years old.

2. What is the minimum balance required to open a Children's Account?
An initial deposit of OMR 50 is required to open the Children's Account. Additionally, parents can choose to deposit a fixed amount between OMR 10 to OMR 2,500 every month

3. Is there any interest on the Children's Account?
Yes, if the account is interest – bearing the customer gets the regular monthly interest payments. If the account is non-interest bearing customers will get the option to open a recurring deposit with interest of 3.5 % p.a. upon maturity ( payout)

4. What will happen if a payment is skipped?
- Two skips per year with no penalty is allowed
- More than five skips per year leads to drop in interest rate of 0.5% (Subject to change based on market prices)
- More than six consecutive skips will cancel the insurance for that period of time

5. Is there any restriction on withdrawing the deposit from the Children's Account?
Normal Saving's Account (non-interest bearing): Customers can deposit and withdraw at any time.

Recurring Deposit Account (interest bearing): No withdrawals are allowed. However, customers are only able to cancel the scheme with a charge of OMR 50 and withdraw with accumulated interest.

6. Will the bank issue a debit card for Children's Account holders?
Yes, we issue debit cards for Children's accountholders. This card is issued in your child's name and only after they reach 15 years of age.

7. Does the bank charge me a fee for the monthly standing order request to the Children's Account.

8. Can I open a joint Children's Account?
No, it is not possible to open a Children's Account as a joint account.




Visa Signature Credit Card

Visa Signature Credit Card