Established in 1929, South Indian Bank stands as a private sector bank with its headquarters in Thrissur City, Kerala, India. This financial institution is dedicated to delivering a range of banking and financial services to its clientele. Its offerings consist of a diverse range of products, including loans, savings options, investment vehicles, and insurance solutions.
Different Types of Products and Services Provided by South Indian Bank
South Indian Bank provides a wide range of products and services to cater to both its retail and corporate customers. The products and services rendered by the bank are:
- South Indian Bank Deposits
- South Indian Bank Loans
- South Indian Bank Cards
- South Indian Bank Investment
- South Indian Bank Insurance
- South Indian Bank Banking Services
South Indian Bank Deposits
South Indian Bank has deposits for easy management of funds as well as for carrying on business transactions prudently. The bank also has options for its customers to make investments with guaranteed and higher returns for future commitments in the form of Term Deposits.
South Indian Bank Savings Account
South Indian Bank Savings Accounts are a convenient and secure way to handle your personal finances. The range of options provided under this scheme are:
Type of Account | Primary Features |
SIB Ruby | Minimum Balance: Rs. 25000Higher interest rate above Rs. 3.00 lacs. Balance in the account above Rs. 3.00 lacs will be converted to Fixed Deposit for 92 days. Sweep-out permitted on request once. Maximum sweep-out: Rs. 10.00 lacsThe regular SB interest rate for a balance below Rs.3.00 lacsFree Accident Insurance Covers up to Rs. 10 lacs including personal accident hospitalisation cover of Rs. 1.00 lac Free Visa Platinum NFC/ Rupay Platinum/Mastercard Platinum Unlimited free ATM transactions in all bank ATMs25% discount on the first year locker rent for small and medium lockers. Max concession Rs. 500Free RTGS/NEFTFree DD up to Rs. 1.00 lac per month |
Junior Savings Account | Students above 10 years old and up to 18 years old can applyInitial deposit Rs. 10 and minimum balance within 3 months Rs. 150Free Insta Rupay Debit CardParents can open ABB accounts for free transfer of fundsPriority for Education Loan to eligible candidates |
Mahila Delight Account | For women above 18 years of ageMinimum balance: Semi-urban and rural areas:Rs. 2500. Urban/metro areas: Rs. 5000Rupay Platinum Debit CardUnlimited ATM transactions in all bank ATMsPersonal Accident Death Cover: Rs. 2.00 lacs and as revised by RuPay periodicallyATM cash withdrawal limit: Rs. 75000 per day and POS limit Rs. 2.00 lacs per day |
Other South Indian Bank Savings Accounts
SIB Insta Account | Basic Savings Bank Account |
Video KYC Account | SIB Elite Senior-SIB Mahila Elite |
Corporate Salary Account | Privilege Savings Account |
SIB Youth Plus Account | SIB Gen Next |
NRE SB Account | NRO SB Account |
South Indian Bank Current Account
For the convenience of business transactions, the bank has various plans to suit individual requirements.
Type of Account | Primary Features |
Premium CD Smart | AMB: Rs. 50000 in urban/metro areas and Rs. 25000 in semi-urban/rural areasNo folio chargesFree SMS AlertsFree cheque leaves: 100 per monthFree IMPS: 30 pmFree DDs: 30 DDs up to Rs. 5.00 lacs per monthRTGS/NEFT: Digital: Free and 30 free from branchesFree cash withdrawals at branches |
SIB Merchant Plus | No minimum balance requiredFree unlimited cash withdrawals at any SIB branchesFree online NEFT/RTGS transactionsFlexible POS chargesFree RuPay Platinum Debit CardFree SMS AlertsFree South Indian Bank Statement (e-statement)No folio charges |
Trade Smart Current Account | AMB: Rs. 50000 in urban/metro areas and Rs. 25000 in semi-urban/rural areasSweep-in and Sweep-out facilityFree cheque leaves: 100 pmRTGS/NEFT: Online: Free and At branches: 30 free transactionsUnlimited free ATM transactions at SIB ATMsNo folio chargesFree unlimited cash withdrawals at branchesFree South Indian Bank Mobile Banking and Net BankingFree SMS Alerts  |
Other South Indian Bank Current Accounts
CA Premium General | CA Premium Standard |
CA Premium Gold | CA Premium Platinum |
RERA Account | SIB Insta |
SIB EXIM Current Account | NRE Current Account/NRO Current Account |
SIB Fiza |
South Indian Bank Cards
South Indian Bank Debit Card and Credit Card are a part of their priority banking service. The cards are designed to suit the lifestyle, income, and specific needs of its vast clientele.
South Indian Bank Debit Cards
- SIB Rupay Platinum EMV Chip debit card
- Rupay Platinum Explorer Card
- Visa Platinum NFC
- Mastercard Business Debit Card
- Visa RuPay Debit Card
South Indian Bank Credit Cards
- SIB-One Card Credit Card
- South Indian Bank SBI Platinum Credit Card
- South Indian Bank SimplySave SBI Credit Card
South Indian Bank Loans
The South Indian Bank has designed various loan schemes keeping in mind the individual needs of its customers. There is a loan for every achievement on your bucket list.
Type of Loan | Primary Features |
Personal Loan | For any financial exigenciesSalaried and self-employed individuals/professionals both resident and non-resident can applyAmount: Rs. 1.00 lac to Rs. 20 lacsTenure: 12 months to 60 monthsMinimum salary: Rs. 25000 pm |
Home Loan | For the purchase/repurchase of a house, purchase/repurchase of a flat, the purchase of a plot and construction thereon, for the construction on pre-owned land, and transfer of home loan balance from other banksAmount: Rs. 10 lacs to 1500 lacs for resident Indians and Rs. 5.00 lacs to 1500 lacs for NRIs. For NRIs of business class, the maximum loan is Rs.1.00 crore. Rs. 100 lacs for the Surrogate Program and Rs. 50.00 lacs for repairs and renovations Tenure: Minimum: 5 years Tenure: Maximum: 30 years for Salaried/Business Class/Agriculturist, and 20 years for NRIs, Senior Citizens, and for loans under the Surrogate Program |
Education Loan | SIB Vijnan Pradhan Scheme Resident Indians or NRIs with Indian Passport can applyAmount: Rs. 10 lacs for inland studies and Rs. 20.00 lacs for studies abroadTenure: 15 years excluding the moratorium period  SIB Excellence Resident Indians and NRIs with Indian Passport can applyFor courses in institutes like IIM, IIT, and NITAmount: Maximum: Rs. 25.00 lacsTenure: 5 years excluding the moratorium period  SIB Edusum (SLBSC KERALA) Resident Indians and NRIs with Indian Passport can applyGraduation/PG/PG- Diploma from approved/affiliated universityAmount: Rs. 2.50 lacs to Rs. 10 lacsTenure: 10 years for loans up to Rs. 7.50 lacs and 15 years for the others excluding the moratorium period SIB Global Education Resident Indians and NRIs with Indian Passport can applyUG/PG/Ph.D, diploma and skill development courses are eligibleLoan amount: Rs.25 lacs to Rs. 150 lacsTenure: 5 years to 15 years excluding the moratorium period  |
Other South Indian Bank Loans
Car Loan | Gold Loan |
Property Loan | SIB Commercial Vehicle Loan |
Top Up loan for SIB borrowers | Home Decor Loan |
SIB Rental Loan Scheme | OTS Scheme for Micro and Small Enterprises |
South Indian Bank Investment
The investment option available at South Indian Bank is various types of Term Deposits to suit the nature of your future needs or for recurring income by way of periodical interest credited to your account.
Type of Account | Primary Features |
SIB Flexi Smart Deposit | Deposit linked to CD Smart AccountMinimum Deposit: Rs. 50000 and maximum Rs. 1.00 croreSweep-in and Sweep-out facility is provided |
SIB Tax Gain 2006 | Any deposit between Rs. 100 and Rs. 1.50 deposited in this plan will be exempt from tax.Tenure: 5 yearsInterest on the deposit is taxable |
Recurring Deposit | An option to make periodical fixed payments and get back the invested amount along with interest.It has the benefit of both time and demand deposits. The plan is suitable for people with a regular incomeMinimum investment: Rs. 100 Period: 6 months to 10 years |
FD Vantage | Provides the benefit of high returns for investment while securing your life FD Vantage Alfa Minimum deposit: Rs. 1 lacAccident death and permanent disability cover: Rs. 2 lacsPartial disability cover: Rs. 1 lac FD Vantage Beta Minimum deposit: Rs. 3 lacsAccident Insurance cover: Rs. 10 lacsHospitalisation expenses: Rs. 1 lac FD Vantage Gamma Minimum deposit: Rs. 5 lacsLife Insurance Cover: Rs. 2 lacs |
Other South Indian Bank Term Deposits
Green Deposit | Kalpaka Nidhi |
Fast Cash Deposit | SIB Flexi Deposits |
Fixed Deposit | SIB-MAXIMO-non callable deposit |
NRE Deposit | NRO Deposit |
RFC Account | FCNR |
South Indian Bank Banking Services
South Indian Bank Net Banking: Net Banking services are provided for the customers to use banking services online through the internet.
Mobile Banking: The bank has introduced SIB Mirror, the Mobile application, to take care of your banking needs conveniently through a smartphone.
Doorstep Banking Service: For customers (individuals/corporates) who have completed the KYC procedure, the bank provides doorstep services to pick up cash and instruments from their home/office.
Missed Call Service: Give a missed call to South Indian Bank Balance Check number 09223008488 to get the balance of all your active accounts through SMS
SMS Banking: Send an SMS to the designated South Indian Bank Balance Check by SMS number 9840777222 and your account balance or South Indian Bank Statement via SMS to your registered mobile number.
South Indian Bank Customer Care
South Indian Bank has various customer care helplines to resolve account-related issues.
- Call the South Indian Bank Customer Care Number 1800 425 1809 (toll-free) or 1800 102 9408 (toll-free) for general queries. You can also write to them at customercare@sib.co.in
- NRI customers can call the South Indian Bank Customer Care Number 91 484 6689600 or +91 484 2388555
South Indian Bank FAQ’s:-
All resident Indians above 18 years old having a valid Aadhar Card and PAN can apply for an SIB Insta Account.
Yes. Mahila Delight Accounts are provided with ABB facilities and at-par cheques can be issued from the account.
Yes. SIB NRI accounts can be opened jointly with another NRI or a resident close relative
If you have a CD Smart Current Account you will have to submit the relevant application form duly filled and signed with the details of your CD Smart Account to open the account.
Yes. The bank provides the Green PIN option for ATM PIN as a green initiative.