Experience unparalleled privileges with SIB Ruby Account:

Locker & Insurance: Benefit from safe locker solutions at a discounted rate and secure your future with bundled insurance schemes
Additional Privileges: Get a Rupay Platinum Debit Card, complimentary cheque book issuance, and concessional locker rent, alongside other added benefits
Easy Banking: Get access to WhatsApp Banking and Mobile/Internet Banking at your fingertips
Exclusive Travel Benefits: Travel in style with Complimentary airport lounge facilities
Sweep In/Out: Maximise returns with efficient fund management using Sweep In/Out Facility

You must meet the following eligibility requirements to open the SIB Ruby Savings Account:

Citizens who are 18 years of age or above are eligible to apply

You need to provide the following documents to open the SIB Ruby Savings Account:

Identify Proof: Passport, Voters ID, Aadhaar Card, or any other government-issued ID
Address Proof: Aadhaar Card, Passport, Utility Bills, etc.
PAN Card/Form 60: Mandatory for opening the account

Open your SIB Ruby Savings Account effortlessly through the following modes:

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

Charges related to SIB Ruby Savings Account are as below.

Initial Funding	Rs. 25,000/-
Average Balance Requirement	Rs. 25,000/-
Debit Card Issuance Charges	Nil
Online NEFT Charges	Nil

Frequently Asked Questions

To get answers to the frequently asked queries

SIB RUBY is a savings account designed to meet customers' investment and insurance needs. Individuals aged 18 years and above are eligible to open this account.

The minimum balance required for the SIB RUBY account is just Rs.25,000/-.

For balances below Rs.3,00,000/-, the prevailing savings account interest rates apply. For balances above Rs.3,00,000/-, the amount will be converted into a Flexi Fixed Deposit in multiples of Rs.10,000/- with a maximum holding period of 92 days, at the prevailing interest rate for 92 days.

The maximum amount that can be converted into a sweep-out deposit is Rs.10,00,000/- per account at any point in time.

SIB RUBY includes the following insurance coverage:

Personal accident death insurance cover of Rs 10 lakhs.
Personal accident hospitalization cover of Rs 1 lakh.

The total premium is Rs.275, with Rs.199 borne by the bank, and Rs.76 charged to the customer.

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SAVINGS ACCOUNT

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