Earn Regular Income on Your Investments

A regular payout from your investment is always beneficial to meet your monthly expenditure. SIB Care is a preferred deposit scheme suggested for those who need more than the monthly interest. On a month on month basis along with interest, under SIB Care you can also enjoy a portion of the principal payout.

A lump sum amount is accepted for a predetermined period ranging from 2 years to 10 years
Interest on deposit along with a portion of the principal amount is repaid at monthly intervals / credited to the operative Account.
Minimum amount of deposit is Rs 25000/- and maximum is less than Rs Three Crore only.
The Payout shall commence after one month from the date of opening the deposit.

With South Indian Bank, you can open the SIB Care Deposit seamlessly without much hassle.

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/Aadhaar 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 SIB Care Deposit.

Category	Details
Interest Rates	Check Interest Rates

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

Frequently Asked Questions

To get answers to the frequently asked queries

SIB CARE is an annuity deposit scheme, which ensures a fixed monthly return. The product is exclusively for those who want to have a fixed return for a fixed period for their investment.

TDS is applicable on interest.

Customer will be getting credit of equal instalments to the connected operative account on deposit dates from the next month onwards. The instalment amount will be the sum of the monthly Interest and a part amount from the principal portion

Apply Now