South Indian Bank Savings Account

Account Balance	Rate of Interest* (p.a.)
Less than Rs. 5 crore	2.50%
Rs. 5 crore – less than Rs. 25 Crore	4.50%
Rs. 25 Crore and above	6.00%

*Above mentioned interest rates are also applicable for NRO / NRE Accounts.

Note: Interest Rates are updated as of 20 Nov, 2025 and are effective with 24 Oct 2025.

Read more: Savings Account Interest Rates 2025

Online Account Opening-SIB Insta	Video KYC Account
Corporate Salary Account	SIB RUBY
SIB Elite Senior-SIB Mahila Elite	Privilege Savings
Junior Savings – Children’s Savings Account	Mahila Delight Account
SIB Youth Plus (NEW)	Basic Savings Bank Deposit Account
SIB Gen Next

Online Account Opening – SIB Insta

South Indian Bank offers online account opening of SIB Insta account where individuals can open a savings account with the bank through Aadhaar and PAN validation instantly. This is an OTP-based account opening process. The customer can complete his/her KYC verification through video KYC and can avail a full digital account. The account offers below-mentioned features:

• The account provides 24×7 mobile and internet banking services
• Free RTGS/NEFT/UPI services
• No fees on issuance of debit card
• The account holder will get Digi-E Lock facility through SIB Mirror + mobile banking application

It is to be noted that this savings account will provide limited services unless full KYC of the account is not completed. Below-mentioned are the conditions levied on this savings account prior to KYC completion.

• The balance in the account should not exceed Rs. 1,00,000
• All credits in the financial year should not exceed Rs. 2,00,000
• Prior to KYC completion, daily debit limit is limited to Rs. 10,000

SIB Video KYC Account Opening

South Indian Bank Video KYC Account Opening is a hassle-free account opening process, which lets individuals open a savings account fully online. KYC for this account is done through video ensuring that the customer can open a full-fledged savings account. It is a paperless digital account opening process. This savings account by South India Bank offers below-mentioned features:

• Customers can choose their preferable branch
• There is no need to visit the branch for KYC completion
• Free RTGS/NEFT/UPI services
• Mobile and internet banking facility is provided 24×7

Corporate Salary Account

South Indian Bank offers Corporate Salary Account in four variants. It is a tailor-made account for various corporates and institutions. Let us discuss in details about the variants and its features offered by this savings account.

Premium Salary Account

• Designed for individuals whose monthly net salary is Rs. 50,000 and above
• Withdrawal limit per day is Rs. 75,000
• POS limit per day is Rs. 2,00,000
• A debit card will be issued with no annual maintenance charges
• Free and unlimited South India Bank ATM transactions
• Free and unlimited other bank ATM transactions
• 50 cheque leaves are provided for free in a calendar year

Executive Salary Account

• Designed for individuals whose monthly net salary is Rs. 25,000 – Rs. 50,000
• There is no minimum balance requirement for this savings account
• A Platinum debit card is issued to the customer for free with no annual maintenance charges for the first year
• Daily withdrawal limit is Rs. 75,000
• POS limit per day is Rs. 2,00,000
• 25 cheque leaves are provided for free in a calendar year

Smart Salary Account

• Designed for individuals whose monthly net salary is Rs. 10,000 – Rs. 25,000
• There is no minimum balance requirement for this savings account
• Classic variant debit card is issued for free with no annual maintenance charges for the first year
• Unlimited and free South Indian Bank ATM transactions
• 5 free transactions at other bank’s ATM in a month

Basic Salary Account

• Designed for individuals whose monthly net salary is Rs. 10,000
• No minimum balance required
• Classic variant debit card is issued for free with no annual maintenance charges for the first year
• Daily withdrawal limit is Rs. 20,000
• POS limit per day is Rs. 1,00,000
• 5 free cheque leaves are provided for free in a calendar year
• Free and unlimited SIB ATM transactions and 5 free transactions at other bank’s ATM in a month

SIB RUBY

South Indian Bank has designed SIB RUBY for domestic and NRI customers. This savings account offers a host of benefits and features. Let us discuss in detail about the features and benefits offered by this savings account.

• Minimum balance to be maintained is Rs. 25,000 in the savings account
• Free personal accident insurance cover of Rs. 10,00,000
• Free and unlimited ATM withdrawals all bank’s ATM
• Visa Platinum NFC/RuPay Platinum/Mastercard Platinum is issued without any charges. However, Mastercard World can be issued on request with issuance fees/annual maintenance charges

Note: Customers will be upgraded to Prime and Prime platinum in addition to above-mentioned features based on the average monthly balance maintained in the account.

SIB Elite Senior – SIB Mahila Elite

South Indian Bank offers this tailor-made savings account for senior citizens to make their retirement days easy. SIB Elite Senior and SIB Mahila Elite caters to the needs of senior citizens. This savings account can be opened by those who are above the age of 55 years. If the primary account holder is a female who is above 55 years of age, SB Mahila Elite will be offered. This savings account offers below-mentioned features:

• Average minimum balance of Rs. 5,000 needs to be maintained in metro/urban branches
• Average minimum balance of Rs. 2,500 needs to be maintained in semi urban/rural branches
• Withdrawal limit per day is Rs. 75,000
• POS limit per day is Rs. 2,00,000
• 50 free personalised cheque leaves are provided for free per calendar year
• RuPay Platinum/similar variant debit card is provided for free. However, annual maintenance charges will be applicable on the debit card
• Sweep in and sweep out facility is also provided where balance above Rs. 1,00,000 will be converted to a fixed deposit in the multiples of Rs. 25,000 with minimum holding period of 6 months

Privilege Savings Account

South Indian Bank offers Privilege Savings Account, which is not just a regular savings account. This savings account offers multiple advantages to its customers. Below-mentioned are the features offered by this savings account:

• This savings account can be opened jointly
• International ATM cum debit card is provided
• The account provides nomination facility
• Payable at par cheques

Junior Savings Account – Children’s Savings Account

South India Bank offers Junior Savings Account, which is specially designed for children to inculcate habit of savings in them and educate them on finance. This savings account offers below-mentioned features and benefits:

• Instant RuPay card will be issued for free
• Minimum balance of Rs. 150 should be maintained in the account within a period of three months
• Parents can make free fund transfers from their account to SIB Junior Savings Account

Mahila Delight Account

South Indian Bank has designed Mahila Delight Account for women. This savings account can be opened with a minimum balance of Rs. 2,500 in semi-urban/rural areas and Rs. 5,000 in metro and urban areas. This savings account by South India Bank offers below-mentioned features:

• Daily cash withdrawal limit is Rs. 75,000
• POS limit per day is Rs. 2,00,000
• Unlimited ATM usage in South Indian Bank and other bank’s
• A RuPay Platinum debit card is issued with an issuance charge of Rs. 500 + GST
• No annual maintenance charges on the account for the first year of account opening. However, from the second year annual maintenance charges will be waived off if average yearly balance of Rs. 50,000 is maintained in the account
• 50 free personalized cheque leaves are provided per calendar year
• No charges on closing the account

SIB Youth Plus (NEW)

South Indian Bank has specially designed SIB Youth Plus (NEW) for today’s young generation. This savings account fulfill the dynamic needs of the youth. The account offers below-mentioned features and benefits:

• The account holder needs to maintain an average monthly balance of Rs. 5,000
• Unlimited transactions at South Indian Bank ATM
• 10 free transactions at other bank’s ATM
• RTGS and NEFT through branches is free up to Rs. 1,00,000 per month or maximum up to 5 NEFT transactions can be done in a month
• NEFT through net banking is provided for free. However, IMPS would be provided for free if AMB of Rs. 50,000 is maintained
• SMS facility is free for accounts having average quarterly balance of more than or equal to Rs. 25,000
• A free Visa Platinum international debit card is issued for free. However, there will be annual maintenance charges will be applicable of Rs. 300 + GST on the debit card
• Daily withdrawal limit is Rs. 1,00,000
• POS limit per day is Rs. 3,00,000
• Tap and facility is provided up to a payment of Rs. 5,000 in a day

Basic Savings Bank Deposit Account

Basic Savings Bank Deposit Account by South Indian Bank is a savings account that needs no minimum balance to be maintained.  It’s a zero balance savings account. This savings account can be opened with an OVD (officially valid document) along with PAN card/Form 60. Below-mentioned are the features and benefits provided by this savings account:

• An ATM cum debit card is provided for free
• Account holders will get access to internet and mobile banking
• Chequebook will only be issued on request at Rs. 3 per cheque leaf
• 4 ATM withdrawals can be done in a month. If the number of withdrawals exceed, Rs. 20 will be charged per transaction

South Indian Bank Gen Next

South Indian Bank has curated this SIB Gen Next savings account for kids which enables parents to save for their kids from day one. From day one to 18 years of age, the natural guardian can operate the account. However, after 18 years of age, the minor will be eligible to operate the account. This savings account by South Indian Bank offers the below-mentioned features and benefits:

• An average monthly balance of Rs. 5,000 needs to be maintained. However, if the parent is maintaining the account, the condition can be waived of
• Unlimited ATM transactions at South Indian Bank’s ATM
• Only 5 transactions a month are allowed in other bank’s ATM
• Free 10 cheque leaves in a year in the child’s name
• NEFT and RTGS through branches are free up to Rs. 1,00,000 a month
• Mobile and e-mail alert facility is provided for free
• A Visa Classic international debit card is provided for free. However, there will be annual maintenance charge of Rs. 250 + GST will be applicable on the debit card
• Daily withdrawal limit is Rs. 5,000
• POS limit per day is Rs. 10,000

Applicants applying for a savings account in South Indian Bank need to present the below-mentioned documents for KYC:

• PAN card/Form 60
• Aadhaar card
• Passport
• Driving license
• Voter’s identity card issued by Election Commission of India
• Job card issued by NREGA duly signed by an officer of the State Government
• Letter issued by the National Population Register containing details of name and address

Along with above-mentioned documents, there are some additional documents required for SIB Gen Next savings account. Below-mentioned are the documents that needs to be produced:

• Guardian’s CIF ID
• KYC documents of both Guardian and Minor

Applicants need to fulfill the below-mentioned eligibility criteria to open a savings account in South Indian Bank:

Name of the Account	Eligibility Criteria
SIB Insta	Resident individuals
Video KYC Account	Indian resident Should be 18 years of age or older
SIB RUBY	Individuals of 18 years and above
SIB Elite Senior/Mahila Elite	Individuals who are 55 years of age and above
Junior Savings	Students who are above the age of 10 and an upper limit of 18 years
Mahila Delight Account	Women who are above 18 years of age
SIB Youth Plus	18 – 35 years
Basic Savings Bank Deposit Account	Individuals can open this account in their own name or jointly with their family members
SIB Gen Next	Day 1 – 18 years

Category	Fees and Charges
Cheque leaf above free limit	Rs. 3 per cheque leaf
Average monthly balance maintenance	Up to 25% of AMB – Rs. 200 Above 25% – up to 50% of AMB – Rs. 150 Above 50% – up to 75% of AMB – Rs. 125 Above 75% – up to 100% of AMB – Rs. 100
Other bank ATM usage after free limit	Cash withdrawal  – Rs. 21 Other transactions  – Rs. 11
Cross currency markup	3.5%
Issuance/revalidation/cancellation of DD	Rs. 100
Duplicate passbook	Rs. 50 per page (Rs. 20 for the last entry done)
Duplicate account copy	Rs. 50
Account closure	<6 months from date of account opening – Rs. 75 >6 months from date of account opening – Rs. 25
Photo attestation	Rs. 100 per application/letter
Re-PIN generation for net banking	Rs. 100 + GST
Re-activation of mobile banking	Rs. 100 + GST

The below-mentioned steps explain how to open an online savings account in South Indian Bank:

Step 1: Go to South Indian Bank’s official website and navigate the cursor on “Online Account Opening”

Step 2: Click on “Online Account Opening”, you will be directed on the next page where you will have to choose from the option given namely “Resident Customer” or “NRI Customer”

Step 3: Click on “Resident Customer” if you are an Indian resident or click on “NRI Customer” if you are an NRI customer

Step 4: On the next page, click on “Savings Account”

Step 5: Now, agree to all terms and condition mentioned and click on “Apply Now”

Step 6: Select your preferred branch from the option provided

Step 7: Provide your mobile number linked with your Aadhaar, email id and a referral code if you have any. Click on “Proceed”

Step 8: Once you click on “Proceed”, you will receive OTP on your mobile number. Enter the OTP and click on “Proceed”

Step 9: Enter your Aadhaar number and the click on “Proceed”

Step 10: Aadhaar OTP will be sent to you on your mobile number, enter that and click on “Proceed”

Step 11: Upon proceeding, you will be shown all the details linked to your aadhaar card. Now, add the communication address and click on “Proceed”

Step 12: Enter your PAN number and click on “Proceed”

Step 13: Now enter your basic details as asked by the bank. You can choose to get a debit card as mentioned on the page. Click on the nominee box and submit the form. Upon submitting, add an individual as a nominee for your account

Step 14: Your account will be opened and you will be given your account number and customer ID

To open an offline savings account in South Indian Bank, the applicant needs to follow the below-mentioned steps:

Step 1: Visit the nearest branch of South Indian Bank and fill out the savings account application form

Step 2: Provide all your basic details as asked in the application form

Step 3: Now provide your self-attested PAN and Aadhaar card

Step 4: The bank official will now ask you to choose the type of savings account as per your requirements

Step 5: Collect all the documents and submit the documents with proof of identity

Step 6: Upon providing all the details, the bank will verify all the details and open your account

The bank will provide a welcome kit containing all the necessary documents to help you operate the account.

South Indian Bank Personal Loan	South Indian Bank Fixed Deposit
South Indian Bank Balance Enquiry	South Indian Bank Net Banking

Q. What is the name of South Indian Bank’s mobile banking app?
Ans. South Indian Bank’s mobile banking app is called SIB Mirror+

Q. How much balance should I maintain in South Indian Bank’s Video KYC savings account?
Ans. The minimum balance to be maintained depends on the type of account you are opening.

Q. What are the timings to open Video KYC account in South Indian Bank?
Ans. Currently, you can open Video KYC account during office hours only.

Q. Is it possible to open a joint account through Video KYC in South Indian Bank?
Ans. No. Individuals can open an account in single name through Video KYC.

Q. Can I upgrade to Mahila Delight Savings Account if I have a savings account with South Indian Bank?
Ans. Yes. You can upgrade to Mahila Deligh Savings Account provided, you are woman aged 18 years and above.

Q. What is the toll-free customer care number of South Indian Bank?
Ans. Customers of South Indian Bank can call on the mentioned numbers for their queries 1800 425 1809 or 1800 102 9408.

Q. I am an NRI, how can I contact customer care to get my queries resolved in South Indian Bank?
Ans. NRI can call on +91 484 6689600 and +91 484 2388555 to get their queries resolved in South Indian Bank.