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Doha Bank launches Al Dana Savings Scheme

offering a wider range of rewards than ever before, with 6 millionaire draws lined up for the year

Doha Bank is readying another year of life-changing rewards and opportunities for its customers as it launches an all-new campaign for its flagship Al Dana Savings Scheme for the year 2015.

In its 12th year now, Doha Bank’s Al Dana Savings Scheme will offer a wider range of rewards than ever before, with 6 millionaire draws lined up for the year, up from 4 in 2014. Notable features of the enhanced rewards offering this year include the introduction of a new prize draw exclusively offered to customers who open AL DANA account in 2015 to become millionaires overnight. Also, every month, you will see 10 iPhone 6 smartphones given out to new account holders.

Dr. R. Seetharaman, Group CEO of Doha Bank, said, “Al Dana Savings Scheme has been the most successful savings program of its kind in Qatar over the last decade, changing the lives of hundreds of individuals while encouraging a culture of saving among the population at large. The unparalleled success of the program has greatly enhanced Doha Bank’s profile and market reputation and contributed to its excellent overall positioning within the banking landscape in Qatar and the region.”

Dr. Seetharaman added: “Doha Bank has announced more than 35 millionaires, 2000 winners and QR 95 million in prizes throughout the past 11 years. This year it’s even more exciting with a bonanza of cash and in-kind prizes to be rewarded every month to AL DANA account holders.”

This year, Doha Bank is revamping its prize structure to base the draws on savings balances, further raising the odds for customers of winning in a given pool. Al Dana customers maintaining minimum average quarterly balance of QR 20,000 and above will double their chances of winning in their respective draw while those maintaining minimum 6 months average of QR 20,000 and above will triple their chances.

Mr. Suresh Bajpai Head of Retail banking at Doha Bank added, “The enhanced prize pool and revamped prize structure for 2015 is designed to allow a larger cross-section of Al Dana customers to benefit from the rewards program and be a part of the winnings. Since the Al Dana Savings Scheme was launched in 2004, we have updated the program at every turn to empower and deliver more value to our customers, and this year we are offering account holders even more opportunities in order to reward their trust in Doha Bank and recognize their commitment to saving.”

He added, “In all, the 2015 campaign will give away 510 prizes and make millionaires out of at least 6 more Al Dana customers, and the exciting prizes up for grabs in the ‘new customer’ sweepstakes promise to further encourage residents to be a part of Qatar’s best-rewarding savings program.”

Also Al DANA Saving’s scheme comes with a remarkable icing that will give customers the privilege of immediate liquidity with a credit card offered and a loan against the deposit, and triple chances for winning.

Over the course of 2015, 12 lucky customers will win QR 100,000 each in Al Dana draws while 24 customers each will receive QR 50,000 and QR 25,000 respectively. Additionally, 60 account holders will take home QR 10,000 each while 144 customers will receive QR 5,000 each.

And the sweets cheery on the top is the AL DANA account young savers account which is designed to teach the youngster good money saving habits. Ten lucky winners in the Al Dana Young Savers draw too will receive iPhone 6 smartphones every month and likelihoods of becoming millionaires early in their lifetime.