For those customers who wish to manage the wealth of their family under one account, the Regular Savings Account at South Indian Bank will help you do just that. For first-timers opening a savings account, the bank has a relationship manager that will guide customers through the whole process.
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With the Regular Savings Account from South Indian Bank, customers can open a single account, a joint account, or merge a few accounts together - in the case of a family account. That said, this is just a few of the many benefits the Regular Savings Account from South Indian Bank comes with.
Listed below are the applicable fees and charges of the Regular Savings account:
Cheque Book | 10 free leaves. Charges applicable after 10 leaves. |
Passbook | Free |
Opening Account Charges | Nil |
Initial Deposit Requirement | Nil |
Minimum Balance Requirement | Rs.1000 |
Inoperative Account Charges | Nil |
Premature closure of account within 1 year | Nil |
Outstation Cheque | Rs.50 - Rs.150 (Depending on the amount) |
Nomination | Nil |
Debit Card Annual Fee | Rs.100 plus service tax |
Debit Card PIN regeneration | Rs.100 plus service charges |
Standing Instruction charges | Rs.100 plus service tax |
ECS Mandate verification | Rs.100 plus tax |
Change of Mobile Number | Rs.100 |
Mobile services (annually) | Rs.150 plus service charge |
Transactions at South Indian Bank ATMs | Free |
Transactions at other ATMs |
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GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
Yes, you can open a joint account provided that the other account is that of a your spouse. You can even open a Family account under the Regular Savings Account from South Indian Bank.
The annual fee for the debit card is Rs.100 plus service charges. The fee is charged only after a year of opening the account.
Yes, you will be charged a sum of Rs.100 to change your mobile number with the bank.
Yes, you can nominate a person in case of death or disability, and it is free of charge as well.
You can make as many withdrawals from South Indian Banks per day, free of charge. Charges are applicable for transactions from other bank ATMs after a certain specified limit.
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