South Indian Bank Savings Account

South Indian Bank Savings Account Interest Rates

The different interest rates offered by South Indian Bank on its savings accounts are mentioned below:

The rates of interest mentioned above are applicable as of 11 August 2025.

Types of South Indian Bank Savings Accounts

Regular Savings Account: The main features of the account are mentioned below:

1. Joint accounts can be opened.
2. Nominees can be added.
3. 10 cheque leaves are provided at no additional cost.

Privilege Savings Account: The main features of the account are mentioned below:

1. Joint accounts can be opened.
2. An international debit card is provided.
3. Banking facilities are is provided at any branch.

Junior Savings Account: The main features of the account are mentioned below:

1. Individuals between the ages of 10 years and 18 years can open an account.
2. A RuPay Debit Card is provided at no additional cost.
3. Education loans may be provided to eligible students.

Basic Savings Bank Deposit Account: The main features of the account are mentioned below:

1. No minimum balance needs to be maintained.
2. An ATM card is provided at no additional cost.
3. 10 cheque leaves are provided for free.

SB Invest Savings Account: The main features of the account are mentioned below:

1. 35 cheque leaves are provided in a year at no additional cost.
2. No minimum balance needs to be maintained.
3. Free internet banking is provided.

SIB Ruby: The main features of the account are mentioned below:

1. Individuals who are 18 years and above can open an account.
2. Free NEFT/RTGS facility is provided.
3. Unlimited ATM withdrawals are allowed at no additional cost.

SIB Elite Senior - SIB Mahila Elite: Some of the features of the account are mentioned below:

1. Individuals who are 55 years and above can open an account.
2. The withdrawal limit is Rs.75,000.
3. Baggage insurance is provided.

Mahila Delight Account: Some of the main features of the account are mentioned below:

1. Women who are 18 years and above can open an account.
2. Personal Accident Cover is provided.

Corporate Salary Account: Some of the main features of the account are mentioned below:

1. Loans of up to Rs.2 lakh can be availed.
2. Processing fee on loans will be waived.
3. Minimum balance need not be maintained.

SIB Video KYC: Some of the main features of the account are given below:

1. You need not visit the bank branch.
2. Preferred branch can be chosen.
3. Internet banking can be used at any given time.

SIB Insta: Some of the main features of the account are mentioned below:

1. No minimum balance penalty is levied for the first 6 months.
2. Account can be opened instantly.
3. You can choose a branch of your choice.

South Indian Bank Minimum Balance Requirement

The South Indian Bank offers a number of savings accounts to its customers, and these have different minimum balance requirements depending on the account type. Given below is a table mentioning the minimum balance stipulations for each savings account:

Eligibility for South Indian Bank Savings Account

Hindu Undivided Families and Indian citizens are eligible to open a South Indian Bank Savings Account. Given below are the individuals eligible, unless otherwise specified:

1. Individuals above 18 years of age (either a single or joint account)
2. Minors (joint account with a parent or guardian)
3. Clubs or associations
4. Trusts or Societies

Documents Required to Open South Indian Bank Savings Account

The documents required to open a Savings Account are mentioned below:

1. 2 recent passport sized photographs
2. Proof of identity
3. Proof of address

Proof of Identity Documents:

The following documents can be submitted as Proof of Identity:

1. Passport
2. PAN (Permanent Account Number) card
3. Driving license
4. Government issued ID card or Defence ID card
5. Voter's ID card
6. NREGA card

Proof of Address Documents:

The following documents can be submitted as Proof of Address:

1. Passport
2. Utility bills such as telephone or electricity bill
3. Credit card statement
4. Salary slip
5. Driving license
6. Aadhaar Card

For joint account holders, the applicant and co-applicants have to furnish the documents mentioned above.