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