The South Indian Bank FD Rates offer different FD’s with competitive interest rates, they provide a secure and reliable way to grow savings. SIB FD lets customers choose from short-term and long-term options. Customers can choose these based on their financial goals and also enjoy flexible tenures that start at 7 days and can go up to 10 years.
The SIB fixed deposit interest rate ranges from around 3% to 7% per annum. South Indian Bank's FD rates are designed to provide stability and maximise the growth of customers' savings.
SIB FD rates may vary on the type of deposit and prevailing market conditions. An SIB NRE FD rate can be different from domestic FD rates. It could change based on deposit amount, tenure, and type of deposit (domestic, NRE, FCNR, RFC, etc.).
South Indian Bank FD Rates (Below 2 Crores)
South Indian Bank FD rates for Domestic Term Deposits and NRO Deposits below 2 Crores provide customers with attractive returns while ensuring the safety of their investments. With a range of tenure options available, individuals can choose the duration that aligns with their financial goals.
| FD Tenures | FD Interest Rates (p.a.) General Public |
FD Interest Rates (p.a.) Senior Citizens |
|---|---|---|
| 7 days to 30 days | 2.90% | 3.40% |
| 31 days to 90 days | 3.50% | 4.00% |
| 91 days to 99 days | 4.50% | 5.00% |
| 100 days | 6% | 6.50% |
| 101 days to 180 days | 4.50% | 5.00% |
| 181 days to less than 1 year | 5.50% | 5.50% |
| 1 year | 6.70% | 7.20% |
| 1 year 1 day | 7.00% | 7.50% |
| 1 year 2 days to 399 days | 6.50% | 7.00% |
| 400 days | 7.40% | 7.90% |
| 401 to less than 30 months | 6.50% | 7.00% |
| 30 months | 7.00% | 7.50% |
| Above 30 months to less than 5 years | 6.60% | 7.10% |
| 5 years to less than 66 months | 6.00% | 6.50% |
| 66 months (Green deposit) | 6.50% | 7.00% |
| Above 66 months to up to and including 10 years | 6.00% | 6.50% |
| Tax Gain ( 5 Years ) | 6.00% | 6.50% |
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*Note- The interest rates are subject to change. Please check the official website for the latest information.Curious about your SIB Bank FD Interest & maturity amount? Use an online FD calculator!
Before you deposit your money in FD, it's wise to estimate your potential return / maturity amount. Use a South Indian Bank FD Calculator to calculate your FD interest & maturity amount.
South Indian Bank FD Rates for NRE
The FD Interest rate in South Indian Bank for Non-Resident External (NRE) Deposits below 2 Crores is a popular choice for Non-Resident Indians (NRIs) looking to earn attractive returns on their overseas earnings. You can find all the necessary details for SIB NRE FD rates below:
| FD Tenures | FD Interest Rates % (p.a.) |
|---|---|
| 1 year | 6..70% |
| 1 year 1 day | 7.00% |
| 1 year 2 days to 399 days | 6.50% |
| 400 days | 7.40% |
| 401 days to less than 30 Month | 6.50% |
| 30 Months | 7.00% |
| Above 30 months to less than 5 years | 6.60% |
| 5 years to less than 66 months | 6.00% |
| 66 months (Green deposit) | 6.50% |
| Above 66 months to up to and including 10 years | 6.00% |
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*Note- The interest rates are subject to change. Please check the official website for the latest information.South Indian Bank FD Rates for FCNR
FCNR deposits are a popular choice for Non-Resident Indians (NRIs) looking to invest their foreign currency earnings. The SIB FD rates for Foreign Currency Non-Residential (FCNR) deposits is provided below:
South Indian Bank FCNR FD Rates in USD
| Maturity Period | In USD (Up to 5L) | In USD (Above 5L) |
|---|---|---|
| 1 to 2 Year | 5.70% | 6.00% |
| 2 to 3 Year | 4.65% | 4.65% |
| 3 to 4 Year | 3.75% | 3.75% |
| 4 to 5 Year | 3.00% | 3.00% |
| 5 Year | 3.00% | 3.00% |
South Indian Bank FCNR FD Rates in other Currencies
| Maturity Period | GBP | EUR | AUD | CHF | JPY | CAD |
|---|---|---|---|---|---|---|
| 1 to 2 Year | 4.00% | 3.00% | 4.20% | 0.05% | 0.20% | 3.50% |
| 2 to 3 Year | 3.75% | 2.00% | 3.50% | 0.00% | 0.20% | 3.50% |
| 3 to 4 Year | 2.45% | 1.00% | 3.00% | 0.00% | 0.05% | 3.15% |
| 4 to 5 Year | 2.45% | 1.00% | 3.20% | NA | 0.05% | 3.20% |
| 5 Year | 2.45% | 1.00% | 3.45% | NA | 0.05% | 3.25% |
South Indian Bank FD Rates for RFC
South Indian Bank offers competitive Fixed Deposit (FD) rates for Resident Foreign Currency (RFC) deposits in the specific tenure bracket of 1 year to 3 years. RFC deposits are a popular choice for individuals who have returned to India after residing abroad and want to invest their foreign currency earnings.
South Indian Bank RFC FD Rates in USD
| Maturity Period | In USD (Up to 5L) | In USD (Above 5L) |
|---|---|---|
| 1 to 2 Year | 5.70% | 6.00% |
| 2 to 3 Year | 4.65% | 4.65% |
| 3 Year | 3.75% | 3.75% |
South Indian Bank FCNR FD Rates in other Currencies
| Maturity Period | GBP | EUR | AUD | CHF | JPY |
|---|---|---|---|---|---|
| 1 to 2 Year | 4.00% | 3.00% | 4.20% | 0.05% | 0.20% |
| 2 to 3 Year | 3.75% | 2.00% | 3.50% | 0.00% | 0.20% |
| 3 Year | 2.45% | 1.00% | 3.00% | 0.00% | 0.05% |
Features & Benefits of South Indian Bank Fixed Deposit
South Indian Bank offers a variety of Fixed Deposit (FD) schemes with attractive features and benefits to cater to various needs and goals. Some of which are:
Competitive Interest Rates
Enjoy rates among the best
in the market,allowing your
money to grow steadily.
Flexible Tenures
Choose from terms ranging
from 15 days to 10 years.
Minimum Deposit
Start with accessible
amounts as low as
Rs 1.000
Senior Citizen Bonus
Earn additional interest
on your FD if you're
a senior citizen.
Premature Withdrawal
Access a portion of your
principal if needed, while the
remaining amount continues
to earn interest
NRE/NO Accounts
Invest in FDs even if you're
a Non-Resident Indian (NRI)
or Non-Resident Ordinary
(NO) account holder.
Documents Required to Open South Indian Bank FD
Opening a Fixed Deposit (FD) account requires some essential documents to verify your identity and address. The exact requirements might differ slightly depending on your individual circumstances and whether you're a resident or non-resident Indian. Here's a breakdown:
- Identity Proof: Passport, Driving License, Voter's Identity Card, PAN Card, Aadhaar Card with photo or any Identity card issued by a recognized Public Authority, Ration card.
- Address Proof: Passport, Voter's Identity Card, Driving License, Bank Account statement (not older than 2 months), Electricity bill (latest), Telephone bill (latest), Rent agreement (registered).
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Types of South Indian Bank Fixed Deposits Schemes
Read through the list of different SIB FD schemes offering special features to meet various financial needs.
Regular Fixed Deposit
- Earn predictable returns with simple interest paid quarterly.
- Monthly payouts too, but at a slightly lower rate.
- Invest for as little as 15 days or up to 10 years.
- Get your interest directly or move it to other accounts easily.
- Renew automatically for hassle-free reinvestment.
SIB Flexi Smart Deposit
The SIB Flexi Smart Deposit is a unique Fixed Deposit (FD) offered by South Indian Bank, specifically designed to work in conjunction with your CD Smart account.
With this you can:
- Link any new deposit (minimum Rs. 10,000) as a Flexi Smart Deposit.
- If your CD balance dips below Rs. 25,000, your oldest Flexi Deposit units automatically transfer to top it up.
- Earn quarterly interest on your Flexi Smart Deposits.
- Minimum deposit Rs. 50,000, maximum Rs. 1 crore.
- Interest is subject to TDS.
Kalpakanidhi
Kalpakanidhi, meaning "wish-fulfilling tree" in Sanskrit, is a special Fixed Deposit (FD) scheme offered by South Indian Bank designed to help your savings blossom with reinvested interest and compounded returns.
With this you can:
- Invest for 6 months to 10 years and watch your money grow with quarterly compounded interest.
- Interest adds to your principal every quarter, boosting your final payout significantly.
- Your FD automatically renews at maturity, seamlessly continuing the growth without extra steps.
- Start with a low minimum deposit and witness your savings flourish.
Fast Cash Deposit
- Invest for precisely 30, 46, or 91 days, aligning with your specific financial goals.
- Enjoy uninterrupted returns with automatic renewal upon maturity, streamlining your investment experience.
- Select either cumulative or non-cumulative interest options to fit your preferred income flow.
- Access a portion of your principal while the remaining balance continues to earn interest, providing enhanced accessibility.
- Eliminate the need for manual renewals – your FD seamlessly renews automatically for another chosen term.
- Earn attractive interest rates comparable to other FDs of similar durations, maximising your returns.
SIB Flexi Deposit
The SIB Flexi Deposit from South Indian Bank is a unique Fixed Deposit (FD) that offers a blend of flexibility and automatic convenience by linking your savings bank account with your FD.
With this you can:
- Fixed Deposit maintained in units of Rs.1000/-
- You can link any fresh flexi deposit to your SB account
- Fixed Deposit is broken automatically on a Last In-First Out basis and minimum units transferred to SB a/c when the SB balance falls in deficit.
- Interest is paid out every quarter
- TDS applicable
FD VANTAGE
FD Vantage by South Indian Bank is a unique Fixed Deposit (FD) scheme that combines the stability of savings with the security of life insurance coverage.
An FD Vantage is a regular FD with the insurance benefits, all the T&C associated with existing deposit schemes like; KND, FD, RD will be applicable here as well.
With this you can:
- Deposit an amount ranging from Rs 1 lakh to less than Rs 2 crores.
- The duration of the deposit will be 1 year and above.
- Anyone from the age of 18 to up to 80 years can be a part of the scheme.
- Interest on this deposit shall be liable to Income Tax.
- Insurance will be applicable for any Resident/Non Resident Individuals.
SIB MAX PLUS-Non Callable
SIB MAX PLUS-Non Callable is a special Fixed Deposit (FD) scheme offered by South Indian Bank designed for investors seeking higher interest rates with a longer commitment period.
With this you can:
- Earn attractive interest, locked in for specific tenures.
- Minimum Rs. 1 crore, maximum Rs. 2 crore you can Invest substantial sums for significant returns.
- Commitment for the chosen term, no early withdrawals allowed.
- Choose cumulative or simple interest to suit your needs.
- Interest calculated quarterly, paid monthly at a lower rate.
- Interest rate is the same for all ages.
- Funds locked in for the term.
- Secure investment with standard FD benefits.
Green Deposits
Green Deposits by South Indian Bank are Fixed Deposits (FDs) aimed at environmentally conscious investors who want to support sustainable initiatives while earning competitive returns.
- Invest for 66 months with a minimum deposit of Rs. 10,000 and maximum of Rs. 2 crore.
- Earn either cumulative or simple interest, based on your preference.
- Get discounted monthly interest payments, if desired.
- Available for domestic, NRE, and NRO accounts.
- Enjoy attractive returns comparable to other FDs.
- Penalty applies, except for NRE deposits closed within 1 year (no interest).
- Get bonus interest on your FD.
- Standard tax deduction applies to interest and maturity proceeds.
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Frequently Asked Questions
South Indian Bank FD rates range from 2.65% to 7.90%, varying with tenure and the type of account the customer opts for investment.
Yes, South Indian Bank offers an additional 0.50% interest rate to senior citizens on their Fixed Deposit schemes.
South Indian Bank Fixed Deposit terms range from a minimum of 15 days to a maximum of 10 years.
Yes, South Indian Bank applies a penalty for premature FD withdrawal, depending on the deposit amount and tenure.
South Indian Bank FDs for senior citizens require only Indian citizenship and an age of 60 or above. No minimum deposit amount required.
To estimate how many years it takes for an FD in South Indian Bank to double, we can use the Rule of 72. Divide 72 by the applicable interest rate for your specific FD scheme. For example, with an interest rate of 7.4%, it would take approximately 9.73 years for your FD to double.
The South Indian Bank FD minimum deposit is just Rs. 1,000, making it accessible to a wide range of investors.
Lock-in periods for South Indian Bank Fixed Deposits (FDs) vary depending on the specific scheme you choose. Some options, like Tax Saver FDs, have a mandatory lock-in period of 5 years, while others like regular FDs typically offer more flexibility.
Yes, South Indian Bank does offer loans against Fixed Deposits (FDs), providing a convenient way to access funds without breaking your investment.
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