Exclusively Crafted for Merchants and Small Business Owners

The SIB Merchant Plus Current Account is crafted for merchants and small business owners seeking seamless financial management. With no minimum balance, free unlimited transactions, and cost-effective POS solutions, this account simplifies banking while offering top-notch features. From enhanced transaction limits to exclusive benefits, SIB Merchant Plus is your partner in business success.

Zero Maintenance Hassle: No minimum balance ensures stress-free account management for small businesses.
Transaction Limits: Enjoy unlimited digital transactions via RTGS, NEFT, and IMPS.
Cheque Flexibility: Get 25 free cheque leaves monthly, and earn up to 500 free leaves based on AMB.
POS Rental Waivers: Avail tailored POS terminal rental waivers to suit your business growth.
Premium Debit Card Benefits: Get a RuPay Platinum Debit Card and explore perks like airport lounge access and accidental insurance coverage of Rs.2 lakh.
Additional Banking Services: Enjoy free SMS alerts, email statements, and 0 folio charges for streamlined account management.

Here is the eligibility criteria to open the SIB Merchant Plus Current Account:

Who Can Open:
- Retail merchants and shopkeepers.
- Small and medium business owners.
- Sole proprietors and partnerships.
Required Documents:
- Proof of Identity: Aadhaar card, PAN, or Passport.
- Proof of Address: Utility bill or rental agreement.
- Business Proof: GST certificate, trade license, or shop registration.

You can open the SIB Merchant Plus Current Account within a few minutes:

Visit your nearest South Indian Bank branch.
Fill out and submit the application form along with documents.
Bank staff will assist in activating your account.

Apply online for SIB Merchant Plus Current Account – Click here

Refer to the table below to understand the fees & charges related to the SIB Merchant Plus Current Account:

Cheque Leaves	25 free per month.
Cheque Leaves	25 additional cheque leaves for maintaining an AMB of Rs.25,000/-. (Up to 500 additional leaves per month).
POS Terminal Rentals	100% Waiver: AMB Rs.1,00,000+
	50% Waiver: AMB Rs.50,000 - Rs.1,00,000
	25% Waiver: AMB Rs.25,000 - Rs.50,000
Digital Transactions	Free & Unlimited RTGS & NEFT transactions.
Branch Transactions	Chargeable as per service norms.
Additional Benefits	Free SMS alerts, email statements, and no folio charges

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