Savings account

Open a Savings Accounts with SIB

At South Indian Bank, we understand the importance of a secure and accessible way to save. A savings account provides a safe place to park your money while allowing it to grow with interest. Designed to support your everyday financial needs, it ensures easy access to funds for your daily regular needs. Understanding our customer needs, we offer a range of savings accounts each offering unique benefits to enrich your banking experience. Start your journey with us today.

Features of Savings Account

Instant account opening through VKYC

Additional benefits such as reward points & cashbacks

Wide range of accounts to meet your requirements

Easy access through multiple channels

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Types of Savings Accounts

Discover from a Wide Range of Savings Accounts Tailored to Suit Your Specific Needs

SIB Doctors Plus

An exclusive savings account customised to fit the financial needs of Doctors!

No average balance requirement
Unlimited free ATM transactions at all bank ATMs

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SIB Ruby

A regular savings account with additional insurance coverage benefits.

Personal Insurance Death Coverage up to Rs.10 Lacs
25% concession on Processing Fees for retail loans

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SIB Elite Senior & SIB Mahila Elite - Senior Citizen Savings Accounts

Savings Accounts tailored for senior citizens. These Privilege Savings Accounts will empower senior citizens to be financially independent.

Free and unlimited ATM transactions
50% waiver on all loans

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SIB Mahila Delight Savings Account

A feature-rich savings account for the independent Women of India.

50% waiver on Processing Fees for retail loans
Tailored benefits for women above 18 years

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SIB Youth Plus

From investments to cutting edge digital solutions, this savings account is tailored for the dynamic youth of India.

Exclusively for youth aged 18-35 years
Unlimited free ATM usage

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SIB GenNext Account

It’s never too early to start saving for your kids. Open the SIB GenNext Account and secure your child’s financial future.

Exclusively for kids below 18 years
Free Visa Classic NFC Debit Card

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SIB Connect

Designed for students in an institution, this savings account will help them manage fee payments and other financial transactions.

No minimum balance required
Exclusively for students above 17 years

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SIB Scholarship

Customised for students receiving scholarships, this savings account is designed to meet the financial needs of bright minds.

Zero balance account
Free and unlimited SIB ATM transactions

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SIB NHAI Beneficiary Saving Account

A savings account specially designed for the NHAI beneficiaries!

25% discount on loan processing fees
Unlimited ATM transactions

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SIB Corporate Salary Account

Enjoy seamless salary credits and exclusive benefits with South Indian Bank’s Corporate Salary Account, designed to cater to the financial needs of working professionals.