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11th September 2015, 12:30 PM
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Join Date: Mar 2013
Re: South Indian Bank Interest Rates

South Indian Bank Limited (SIB) is a private sector bank headquartered at Thrissur City in Kerala, India. It was established in 1929. The Bank has 897 branches, 4 service branches, 27 ext.counters and 20 regional offices spread across more than 26 states and 3 union territories in India.

Domestic Deposits Interest Rates


Period Single Deposit less than Rs.100.00 lacs
General Senior Citizens*
7 days to 14 days 4.00% 4.50%
15 days to 45 days 4.00% 4.50%
46 days to 90 days 7.00% 7.50%
91 days to less than 12 months 7.40% 7.90%
12 months to less than 15 months 8.25% 8.75%
SIB Freedom (15 Months) 8.30% 8.80%
Above 15 months to less than 2 years 8.25% 8.75%
2 years up to and incl.10 years 8.00% 8.50%
Tax Gain 8.00% 8.50%

Rates for single deposit of Rs.100 lacs & above

Domestic Savings Account (Also Applicable for NRO Accounts)

Period Rate
Savings Bank A/c (w.e.f 03.05.2011) 4.00% per annum

NRE DEPOSITS

Interest rate on NRE Deposits with effect from 08th July 2015

Period Single Deposit less than Rs.100 lacs
1 year to less than 15 months 8.25% p.a
SIB Freedom (15 months) 8.30% p.a
Above 15 months to less than 2 years 8.25% p.a
2 years to up to and incl.10 years 8.00% p.a

Rates for single deposit of Rs.100 lacs & above


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