South Indian Bank Group Salary Savings Account (GSSA)

Established during the Swadeshi Movement, South Indian Bank offers a range of savings accounts. Its Group Salary Savings Account is a customised banking solution for employers and employees to manage salary deposits and withdrawals smoothly.

Updated On - 05 Sep 2025
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South Indian Bank GSSA - Features & Benefits

  1. South Indian Bank Group Savings Account is available in 4 categories
  2. Customer does not have to maintain minimum balance in the account
  3. Nil non-maintenance charges
  4. Free global ATM cum debit card without AMC charges
  5. Free mobile banking

How to apply for a South Indian Bank Group Savings Account?

  1. Customers can go online and apply for a South Indian Bank Group Savings Account on South Indian Bank’s official website.
  2. Alternatively, customers can visit any South Indian Bank branch and ask for an account filling form. Customer will be asked to submit the duly filled account opening form to one of the bank officers.
  3. Upon submission and verification of documents, a South Indian Bank Group Savings Account will be opened.

Documents required for South Indian Bank GSSA

The following documents are required to open a South Indian Bank Group Savings Account:

  1. One passport size colour photograph
  2. Identity proof like passport/driving license/Voter's ID/Photo Debit/Credit Card
  3. Address proof like passport/driving license/Voter's ID/utility bill
  4. Duly-filled account opening form
  5. PAN card or Form 60/61 where PAN card is not available
  6. Birth certificate of the minor

South Indian Bank GSSA - Fees & Charges

Category

Fees

Cheque/ECS return charges

Rs.2 per Rs.1,000 with a minimum of Rs.100 and a maximum of Rs.400 per cheque/ECS mandate returned

Cheque inward return charges

Rs.50 per instrument

NEFT/RTGS inward transactions

Free

NEFT/RTGS outward transactions

  1. Up to Rs.10,000- Rs.2.50 + service tax
  2. Rs.10,000 to Rs.1,00,000- Rs.5 + service tax
  3. Rs.1,00,000 to Rs.2,00,000- Rs.15 + service tax
  4. Above Rs.2,00,000- Rs.25 + service tax

AMC charges on mobile banking services

Rs.75 charged half-yearly for resident customers and Rs.150 charged for NRI customers

Change in mobile number for mobile banking services

Rs.100

Mobile banking reactivation charges

Rs.100

Issue of duplicate DD

Rs.100

DD revalidation

Rs.100

DD cancellation

Rs.100

ATM card replacement charges

Rs.100

ATM repin charges

Rs.100

Setting up standing instructions

Rs.100

Standing instruction amendment charges

Rs.100

Standing instructions execution charges

Rs.10

Charges for duplicate passbook

Rs.50 per page or Rs.50 for last entry alone

Charges for account closing before 6 months

Rs.75

Stop payment charged

  1. Rs.100 per cheque
  2. Rs.300 for batch of above 3

Issuance of no dues certificate

Rs.100

Providing copies of old records more than 1 year

Rs.100 per year/per record/per sheet

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

FAQs on Group Salary Savings Account (GSSA)

  • Are there any charges if I close my South Indian Bank Group Saving Account after 6 months from the date of opening?

    Yes. There is a charge of Rs.25 to close a South Indian Bank Group Saving Account after 6 months from the date of opening.

  • Is safe deposit locker facility available with South Indian Bank?

    Yes. Safe deposit locker facility is available with South Indian Bank.

  • Are there any charges for transactions made through other bank ATMs in India?

    Customers get 4 monthly transactions free. If the customer exceeds this limit, he/she will be charged Rs.20 per transaction for cash withdrawal and Rs.9 per transaction for non-financial transaction.

  • Do I get a cheque book with a South Indian Bank Group Salary Account?

    Yes. The first chequebook with 10 cheque leaves will be given to you free of cost.

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