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Bank Muscat launches current account for Najahi customers.

As part of its commitment to encourage entrepreneurial initiatives, Bank Muscat has widened the Najahi suite of products and services for micro and small businesses, a press release said. The bank has launched a value added Najahi current account offering differentiated services for customers. The Najahi current account provides access to business debit card, branded cheque book, priority queuing at branches, free access to Maktabi Business Centres and online banking services.

The Najahi business debit card offers a daily withdrawal limit of RO1,000. It provides 24x7 access to ATM and cash deposit machines, reducing the need to visit branches for routine transactions. Najahi customers can also avail multiple debit cards on the same account allowing authorised persons to make transactions on behalf of the company.

Specially branded cheque books are provided for Najahi current account holders, besides priority queuing facility at branches for both teller and non-teller transactions. They also have free access once a month to Maktabi Business Centres in Muscat. Najahi customers are required to maintain a minimum balance of RO500 in their accounts to avail the current account facility.

Sadiq al Lawatiya, head of retail enterprises at the bank, said, "The new value-added Najahi services are aimed at offering a major boost for start-up and small businesses in Oman. Bank Muscat has taken major initiatives to provide the required support for entrepreneurs, especially youth, who constitute the future of Oman. The bank's commitment stems from the strong belief that entrepreneurial ventures help boost the local economy, contribute to the GDP and create self-employment opportunities for youth."

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Publication:The Week (Muscat, Oman)
Date:Aug 20, 2015
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