SIB Mahila Delight Savings Account

Empowering Women with Financial Independence

SIB Mahila Delight is a specially crafted savings account designed for women who are breaking barriers and becoming equal contributors to their households. This account celebrates women’s aspirations for financial independence, offering tailored features and benefits alongside insurance schemes to help them achieve their financial goals. With SIB Mahila Delight, women can experience a banking solution that aligns with their financial aspirations and supports their journey toward independence and growth.

Key Features and Benefits

Exclusively for women aged 18 to 54 years
50% waiver on selected loan processing fees
Multiple insurance schemes for your protection
25% concession on first-year locker rent

You can count on SIB Mahila Delight Savings Account to celebrate your financial independence. Open an account today and enjoy the following exclusive benefits: 

  •    Premium Services: Get a free Master Platinum Debit Card, cheque book, and unlimited ATM usage across all banks
  •    Avail Investment Opportunities:
    •    National Pension System (NPS) account opening
    •    Free Demat Account opening facility to manage investments effortlessly
  •    Comprehensive Insurance: Secure your future with our range of insurance products which offers protection for your life as well as health
  •    Experience 24/7 Digital Banking: WhatsApp Banking and effortless access to Mobile and Internet Banking

The eligibility criteria for opening the SIB Mahila Delight Savings Account are as follows: 

  • You must be a woman of 18 years of age and above. 

To open an SIB Mahila Delight Savings Account, you must provide the following documents: 

  •  Identity Proof: Passport, Voter's ID, Aadhaar Card, or any other valid government-issued ID
  •  Address Proof: Acceptable documents include Aadhaar Card, Passport, Utility bills (e.g. electricity, water, or gas bills), etc
  •  PAN Card/Form 60: Mandatory for account opening

Opening an SIB Mahila Delight Savings Account is effortless. You can open the same by following any of the below two modes. Select the one based on your comfort and start the savings journey with us.  

Offline Mode: 

  •  Visit your nearest South Indian Bank branch
  •  Fill out the Account Opening Form
  •  Submit necessary KYC documents

Online Mode: 

  •  Visit SIB Video KYC Portal
  •  Verify your identity using PAN & Aadhaar
  •  Complete KYC via video call
  •  Deposit funds to activate your account

We understand that opening a savings account should not be a burden on your pocket. Hence, the charges are very nominal with us. Check the below charges related to SIB Mahila Delight Savings Account.
 

Category Details
Initial Funding Rs. 5,000/- for Metro & Urban areas
Rs. 2,500/- for Rural & Semi-Urban areas
Average Balance Requirement Rs. 5,000/- for Metro & Urban areas
Rs. 2,500/- for Rural & Semi-Urban areas
Debit Card Issuance Charges Nil*
Online NEFT Charges Nil
Demat Account Opening Charges Nil

 

*T&C apply

Frequently Asked Questions

To get answers to the frequently asked queries

Yes, there is no requirement to open a Recurring Deposit (RD) for a Mahila Delight Savings Account. 
 

Yes, but you can also open a joint, provided the first applicant is a woman aged 18 years and above. 

The bank will collect normal service charges for facilities availed beyond the free limits. 

Yes, the Mahila Delight Savings Account is an Any Branch Banking (ABB) account and supports ABB cheque issuance. 
 

  • First month of account opening: Remittance is free.
  • Subsequent remittances: Free up to 10 times the previous month’s Average Monthly Balance (AMB), with a minimum limit of Rs.1 lakh and a maximum limit of Rs.20 lakh.

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