South Indian Bank Fixed Deposit

What is the fixed deposit interest rate in South Indian Bank as I want to check it before opening it? Tell me about downloading the application form of fixed deposit in South Indian Bank? What is the fee for downloading the application form of fixed deposit in South Indian Bank?

Can you tell me in detail about the interest rates for Fixed Deposit in SIB (South Indian Bank) as I want to start the Fixed Deposit Account in the Bank?

[pawan]

Features of South Indian Bank Fixed Deposit includes - simple interest to be paid quarterly; monthly interest pay out scheme is also available at discounted rate; for Short/long term investment; deposits can be made for period ranging from 15 days to 10 years; interest can be withdrawn periodically or transferred to other accounts as per instructions; can give auto-renewal instructions and TDS applicable.

South Indian Bank Short Term FD Rates
South Indian Bank offers FDs with interest rate varying from 4% to 7.90% for fixed deposits. For the minimum FD tenor of 15 to 45 days, the bank offers 4% interest.
For the next slab of 46 to 90 days the interest rate goes up by 3% to 7 %.
For a tenor of 91 days to less than 1 year, the bank offers 7.25%.

South Indian Bank Medium and Long Term FD Rates
SIB offers the highest rate of interest at 7.90% for tenure 1 year.
For 1 year and above but less than 15 months and above 15 months but less than 3 years, the rate drops by 0.10% to 7.80%.
For deposits above 3 years up to 10 years, the interest rate is 7.75%.
South Indian Bank also provides tax saver deposits at 7.75%.

South Indian Bank Senior Citizen FD Rates
South Indian Bank provides 0.50% more interest to senior citizens over 60.
However, this benefit is only available to resident senior citizens.

South Indian Bank Fixed Deposit Rates

Tenure Regular FD Rates Senior Citizen FD Rates
Upto Amount Rs. 1 Crore Rs. 1 Crore
7 days to 45 days 4.00% 4.50%
46 days to less than 1 year 6.00% 6.50%
1 year to 2 years 6.75% 7.25%
Above 2 years to up to and incl.10 years 6.50% 7.00%