• South Indian Bank Fixed Deposit Rates

    South Indian Bank is a premier private sector bank that is based out of Thrissur in Kerala. With South Indian Bank fixed deposits (FDs), investors are spoiled for choice. There are a long list of plans that a customer can apply for. The options include SIB Flexi Smart Deposit, Kalpakanidhi, SBI Flexi Deposit, SIB Tax Gain 2006, regular FDs and Fast Cash Deposits.

    South Indian Bank Fixed Deposit interest rates: Below Rs.2 crore

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
    7 days to 45 days 4.00% 4.50%
    46 days to 90 days 5.50% 6.00%
    91 days 5.90% 6.40%
    92 days to 180 days 6.00% 6.50%
    181 days to less than 1 year 6.35% 6.85%
    1 year to less than 2 years 6.60% 7.10%
    2 Years 6.90% 7.40%
    Above 2 years to up to and including 10 years 6.60% 7.10%

    *The South Indian Bank FD interest rates tend to change at the discretion of the bank. The rates of interest given here are valid as of 20 December 2019.

    Important South Indian Bank FD rates: Under Rs.2 crore

    • Fixed Deposit rates available: 4.00% p.a. to 6.90% p.a.
    • Highest South Indian Bank FD rate: 6.90% p.a. (2 years)
    • FD interest rates for Senior Citizens: 4.50% p.a. to 7.40% p.a.
    • Maximum FD rate for Senior Citizens: 7.40% p.a.(2 years)
    • Range of rates:
      • Short-term FD: 4.00% p.a. to 6.35% p.a.
      • Medium- term Deposit: 6.35% p.a. to 6.90% p.a.
      • Long-term Fixed Deposit: 6.60% p.a.

    South Indian Bank Tax Saver FD Rates

    Tenure Regular Interest Rate(per annum) Senior Citizen Interest Rate(per annum)
    5 years 6.60% 7.10%

    South Indian Bank NRI Term Deposit rates

    South Indian Bank NRE FD rates: Below Rs.1 crore

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
    1 year to less than 2 years 6.60% N/A
    2 years 6.90% N/A
    Above 2 years to up to and including 10 years 6.60% N/A

    *The South Indian Bank NRE Fixed Deposit rates tend to change at the discretion of the bank. The rates given here are valid as of 20 December 2019.

    *No additional interest will be paid for Senior Citizens under NRE Term deposit schemes.

    South Indian Bank NRO Term Deposit rates: Under Rs.2 crore

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
    7 days to 45 days 4.00% 4.50%
    46 days to 90 days 5.50% 6.00%
    91 days 5.90% 6.40%
    92 days to 180 days 6.00% 6.50%
    181 days to less than 1 year 6.35% 6.85%
    1 year to less than 2 years 6.60% 7.10%
    2 Years 6.90% 7.40%
    Above 2 years to up to and including 10 years 6.60% 7.10%

    *The South Indian Bank NRO Fixed Deposit rates tend to change at the discretion of the bank. The rates given here are valid as of 20 December 2019.

    South Indian Bank FCNR (B) Fixed Deposit rates: Less than 250,000

    Tenure bracket USD GBP EUR
    1 Year to less than 2 Years 2.79% 1.79% 0.71%
    2 Years to less than 3 Years 2.63% 1.78% 0.67%
    3 Years to less than 4 Years 2.57% 1.78% 0.69%
    4 Years to less than 5 Years 2.56% 1.80% 0.73%
    5 Years 2.58% 1.81% 0.77%

    *The South Indian Bank FCNR (B) Term Deposit rates tend to change at the discretion of the bank. The rates given here are valid as of 20 December 2019.

    South Indian Bank FCNR (B) FD rates: 250,000 to 500,000

    Tenure bracket USD GBP EUR
    1 Year to less than 2 Years 2.89% 1.89% 0.81%
    2 Years to less than 3 Years 2.63% 1.78% 0.67%
    3 Years to less than 4 Years 2.57% 1.78% 0.69%
    4 Years to less than 5 Years 2.56% 1.80% 0.73%
    5 Years 2.58% 1.81% 0.77%

    *The South Indian Bank FCNR (B) Term Deposit rates tend to change at the discretion of the bank. The rates given here are valid as of 20 December 2019.

    South Indian Bank FCNR (B) FD interest rates: Above 500,000

    Tenure bracket USD GBP EUR
    1 Year to less than 2 Years 2.99% 1.99% 0.91%
    2 Years to less than 3 Years 2.63% 1.78% 0.67%
    3 Years to less than 4 Years 2.57% 1.78% 0.69%
    4 Years to less than 5 Years 2.56% 1.80% 0.73%
    5 Years 2.58% 1.81% 0.77%

    *The South Indian Bank FCNR (B) Term Deposit rates tend to change at the discretion of the bank. The rates given here are valid as of 20 December 2019.

    South Indian Bank FCNR (B) Term Deposit interest rates:

    Tenure bracket AUD CHF JPY CAD
    1 Year to less than 2 Years 1.77% 0.39% 1.04% 3.15%
    2 Years to less than 3 Years 1.71% 0.32% 0.97% 2.89%
    3 Years to less than 4 Years 1.73% 0.35% 0.96% 2.87%
    4 Years to less than 5 Years 1.86% 0.39% 0.95% 2.86%
    5 Years 1.91% 0.43% 0.96% 2.86%

    *The South Indian Bank FCNR (B) Term Deposit rates tend to change at the discretion of the bank. The rates given here are valid as of 20 December 2019.

    Key South Indian Bank NRI FD rates

    • Highest NRO Term Deposit rate: 6.90% p.a.
    • Highest NRE Fixed Deposit rate:6.90% p.a.
    • Maximum FCNR (B) Deposit rates:
      • US Dollar (USD): 2.99% p.a.
      • Euro (EUR): 0.91% p.a.
      • Pound Sterling (GBP): 1.99% p.a.
      • Swiss Franc (CHF): 0.43% p.a.
      • Australian Dollar (AUD): 1.91% p.a.
      • Canadian Dollar (CAD): 3.15% p.a.
      • Japanese Yen (JPY): 1.04% p.a.

    Useful Links

    News About South Indian Bank Fixed Deposit

    • South Indian Bank Revises FD Interest Rates

      The South Indian Bank (SIB) has revised its interest rates for fixed deposits of more than Rs. 1 crore. The change was made on Friday, February 19.

      The bank’s fixed deposit for a period of 1 year to less than 15 months, and for more than 15 months to 3 years, are now available at 7.6 percent for general public and 8.1 percent for senior citizens. An FD for 15 months will attract 7.7 percent interest for the general public and 8.2 percent for senior citizens.

      Earlier, SIB offered 7.7 percent for a 1-year deposit and 7.6 percent for a deposit of more than 1 year to 3 years.

      23 February 2016

    • Fixed Deposit Rate Changes for South Indian Bank

      Private sectored South Indian Bank has upped its interest rates. This has come into effect following the repo rate cut of the Reserve Bank of India

      With effect from October 05, 2015, the interest rates for domestic deposits will be the revised ones for both the general category and senior citizens. The lowest rate of interest available in fixed deposits with South Indian Bank is 4% whereas for senior citizens it is 4.50% per annum. This interest rate is applicable for deposit tenures of 7 days to 45 days, where there is a fractional increase of 0.50%. From 46 days to 90 days, senior citizens will earn a substantially increased rate of 7.50% per annum, while the general deposits will have an interest rate of 7%. From 91 days to less than 1 year, the interest rate offered for senior citizens is 7.75% per annum, as against the rate of 7.25%, offered for general. Deposits that are made, by senior citizens for a period of 1 year and above 1 year to 3 years earn interest rates of 8.40% and 8.30% per annum, respectively. For depositors under 60 years of age, the interest rates for deposits will be 7.90% and 7.80% per annum respectively. From 3 to 10 years, the interest earned by senior citizens is 8.25%, whereas for general category is 7.75%. General category and senior citizens will also have a tax gain of 7.75% and 8.25%, respectively.

      12 November 2015

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    South Indian Bank Fixed Deposit Reviews

    Write a Review
    • South Indian Bank Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had a fixed deposit with the South Indian Bank. There is nothing special about the service. The interest they offer for the deposit is low. It is so easy to start a fixed deposit. Overall it has been a good experience with the fixed deposit. Staff were cooperative and very much helpful
      Was this review helpful? 3
      , mumbai
      Reviewed on Jun 27, 2018
    • South Indian Bank
      South Indian Bank Fixed Deposit
      "Good service "
      0.5 5.0/5 "Blown Away!"
      I am using a fixed deposit service for last 12years and the do provide interest around 8.75% for the fixed deposit.I revceive a mail asking whether the renewal is needed or not through which I can renew the amount.I am getting the details about the maturity in frequent manner from South Indian bank related to the fixed deposit.
      Was this review helpful? 2
      , chennai
      Reviewed on Jun 22, 2016
    • South Indian Bank Fixed Deposit
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit with the South indian bank and the interest rate is around 8%. I am having this deposit from 1985 onwards and the customer service is very well, also the response is good with the South Indian bank.
      Was this review helpful? 4
      , bangalore
      Reviewed on Feb 05, 2016
    • South Indian Bank Fixed Deposit
      "MOHIT"
      0.5 3.5/5 "Pretty good"
      Hi this bank is providing best interest rates then other bank. I have deposit for 400 days on 9.15. current days while most of the banks are providing rate of interest below 9 like 8.75 by hdfc , 8 by icici , 8.50 by SBI , south indian bank still providing above 9 %. I like it most.
      Was this review helpful? 8
      , ghaziabad
      Reviewed on Dec 30, 2014
    • South Indian Bank Fixed Deposit
      "South Indian Bank Term Deposit"
      0.5 5.0/5 "Blown Away!"
      I have taken term deposit from south indian bank @ 9.15% for 50000/-. I am satisfy with that rate. Customer service of this bank is higher compare to other banks. They are providing quick response for the same. I would like to recommend this bank to other customer
      Was this review helpful? 2
      , rajkot
      Reviewed on Dec 28, 2014
    • South Indian Bank Fixed Deposit
      "BEST INTEREST RATE"
      0.5 5.0/5 "Blown Away!"
      The South Indian Bank is a new generation private sector bank with all the facilities /value added facility at comparatively economically priced. The fixed deposit interest rate mostly remains high. Currently they are offering as high as 9.65% for senior citizen for 15 months and 9.15% for others. The interest is credited quarterly and compounded there on
      Was this review helpful? 6
      , cuttack
      Reviewed on Dec 26, 2014
    • South Indian Bank Fixed Deposit
      "Beneficial but needs improvement"
      0.5 3.0/5 "Satisfactory"
      I opted for a fixed deposit in South Indian bank as I have a savings account with them. The services was good but the customer support must be impoved a lot. The total tenure I applied for the fixed deposit is for 400 days where they offer a interest rate of 9.5%. They have informed that the interest amount is Rs.11000 to Rs.12000 for Rs.100000.
      Was this review helpful? 3
      , chennai
      Reviewed on Dec 10, 2014
    • South Indian Bank Fixed Deposit
      "Good experience"
      0.5 3.0/5 "Satisfactory"
      I was holding a fixed deposit with South Indian bank for about 1 year. Actually the branch of the bank is very close to my house and I felt very convenient banking with them. They offered me a normal interst rate of 9.25%. Only one problem is the documents of the FD was not issued to me on the same day and it took some time. I think the rate of interest is slightly better than other banks however I don't recommend the bank as there are so many new generation banks have come into picture.
      Was this review helpful? 1
      , kochi
      Reviewed on Oct 24, 2014
    • South Indian Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I did not put any extra efforts to open this FD account, as I am a employee of the South Indian Bank. The response I get from this team is awesome as I get a mail or a text message from them stating that my deposit is going to get matured, I get this message before 5 days in advance and if at all there is an change to be made on the tenure or with the amount all I have do is just send a mail confirming that its that simple.
      Was this review helpful? 0
      , pondicherry
      Reviewed on Oct 06, 2014
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