Trader Smart Current Account (TSCA)

A Smart Companion for Traders and Businesses

The Trader Smart Current Account by South Indian Bank is the ultimate financial companion for traders and businesses. From unlimited digital transactions to flexible fund management through Sweep-In/Sweep-Out facilities, this account provides customised solutions to enhance your business efficiency. Enjoy seamless banking, reduced operational costs, and access to exclusive benefits designed to empower your trading needs

Key Features and Benefits

Flexible Sweep-In/Sweep-Out facility

Free & Unlimited NEFT/RTGS transactions

30 free IMPS transactions

Unlimited SIB ATM access

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Flexible Maintenance Options: Maintain an average monthly balance of Rs.50,000 in metro/urban branches or Rs.25,000 in semi-urban/rural branches, with nominal non-maintenance charges.
Optimised Fund Management: Leverage Sweep-In/Sweep-Out facilities with a cut-off limit of Rs.5 lakh and maximum deposit amount of Rs.25,00,000.
Cost-Effective Transactions: Enjoy free RTGS, NEFT, and IMPS transactions, with 30 free IMPS transactions and 30 free demand drafts/payment orders monthly.
Free Digital Banking Access: Get seamless access to mobile and net banking, free SMS alerts, and inward fund transfers at no additional cost.
Unlimited ATM Withdrawals: Withdraw cash without restrictions from SIB ATMs, ensuring convenient access to your funds.

You must adhere to the following eligibility criteria to open the SIB Trader Smart Current Account:

Who Can Open:
- Individual traders.
- Sole proprietors.
- Partnership firms or companies engaged in trading activities.
Average Monthly Balance (AMB):
- Rs.50,000/- in Metro & Urban branches.
- Rs.25,000/- in Semi-Urban & Rural branches.

Open the SIB Trader Smart Current Account in just a few clicks:

Visit the nearest South Indian Bank branch.
Submit a completed application form with the required documents.
A bank representative will assist with account activation.

Apply online for SIB Trader Smart Current Account – Click here!

Here are the fees & charges related to the SIB Trader Smart Current Account:

AMB Non-Maintenance Charges	Rs.650 for accounts maintaining <50% of AMB
AMB Non-Maintenance Charges	Rs.500 for accounts maintaining =50% but <100% of AMB
RTGS/NEFT Fund Transfers	Free & unlimited via digital channels.
RTGS/NEFT Fund Transfers	30 free monthly transactions via branch; standard charges apply thereafter.
Cheque Leaves	100 free cheque leaves per month. Standard charges apply beyond this limit.
Cash Deposit & Withdrawals	Unlimited free withdrawals across all branches.
Cash Deposit & Withdrawals	Deposits will be charged as per the standard norms.
IMPS Transactions	30 free transactions per month; standard charges thereafter.
Sweep-In/Sweep-Out Facility	Activation on request; deposits in multiples of Rs.10,000 for 30 days minimum.

Frequently Asked Questions

To get answers to the frequently asked queries

The Sweep-In and Sweep-Out facility automatically transfers funds above Rs.5 lakh into term deposits, earning interest while maintaining your liquidity.

Non-maintenance of AMB attracts Rs.650 for balances <50% and Rs.500 for balances ≥50% but <100%.

Yes, unlimited cash withdrawals at home and non-home branches are free of charge.

You will need a proof of identity (Aadhaar, PAN, Passport), address proof (utility bill, rental agreement), and business proof (GST certificate, trade license) to open the Trader Smart Current Account.

Yes, you can apply online by submitting your details and documents on the bank’s website.

You get 100 free cheque leaves per month. Standard charges apply beyond this limit.

Yes, RTGS and NEFT transfers via digital channels are unlimited and free.

Visit your home branch and request activation for deposits in multiples of Rs.10,000 for a minimum of 30 days.

Yes, standard charges apply for transactions at ATMs outside the SIB network.

Yes, you can upgrade to a higher-tier account by visiting your home branch and meeting the eligibility criteria.