FCNAB

Keep Deposits in Foreign Currencies

With SIB FCNAB term deposits, you can keep your hard earned savings in your preferred foreign currency. This deposit scheme is exclusively offered for NRI’s and offers attractive interest rate also.

Key Features and Benefits

Exclusive deposit scheme for NRI’s
Investment in foreign currency
Attractive interest rate
  • Foreign Currency deposits in GBP (British Pound), USD (American Dollar), EURO, AUD,CAD,CHF and JPY may be maintained.
  • Available in simple interest scheme with interest pay out on every 6 months or reinvestment scheme at 6 months rest.
  • There is no pre closure penalty for FCNR(B) deposits.
  • No interest will be paid if closed within one year.

With South Indian Bank, you can open FCNR Deposit seamlessly without much hassle.

You can open an FCNR deposit by authenticating your application via the “Engagement Hub” on our mobile banking app, SIB Mirror+.
For more details, please contact your Relationship Manager or reach out to our exclusive NRI Service Centre at +91 484 6689600.  

If you are an existing SIB customer with a Savings Account or Current Account with us, follow the below simple steps.

  • Download the application form Click Here
  • Filled application forms with SB/CA account numbers mentioned in the column for introduction is required and no other documents are required.

In case you do not have a Savings Account or Current account with our bank, still you can easily open a deposit with us by following the below steps. 
Download the application form Click Here

  • Fill in the details and sign the form
  • Proper Introduction (you may contact nearest branch for more details)
  • You may bring the filled up form, two passport-size photographs and documents like Passport/Ration card/Voter's card/PAN card as proof of address to our branch.
  • You may register for the value-added services by filling up the respective forms.

South Indian Bank offers attractive rate of interest for FCNAB deposit.

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Interest Rates

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Check out the Deposit calculator to know how your investment will grow over a period with us.

Frequently Asked Questions

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TERM DEPOSITS

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