SIB Galaxy

Large Investments are Seamless Now

SIB Galaxy is specially designed for those institutions, who need access to funds as per their requirements. We ensure you can park your money with us and earn attractive interest rate on them. With SIB Galaxy, you can be worry free about your bulk deposits and enjoy the timely payout. 

Key Features and Benefits

Suitable for making bulk deposits
Timely interest payout
Attractive interest rate
  • The Bulk Deposit scheme of the Bank, 
  • The minimum amount of Deposit is ?3 Crore. 
  • Interest rate, including the premature closure penalty is fixed by Treasury Department.
  • Offered as FD with quarterly interest pay-out and also under quarterly re-investment plan. 
  • Available under callable & Non-callable scheme.
  • Offering cumulative rate of interest based on actual number of days, reckoning the year at 366 days in a leap year and 365 days in other years.
  • Interest calculation is as per FIMMDA guidelines.

With South Indian Bank, you can open the SIB Galaxy 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.

  • 1. Download the application form Click Here
  • 2. 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 Galaxy 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

Presently Rs 3 Crore is required for opening SIB Galaxy scheme.

All the Bulk Deposits in our Bank is opened in the name SIB Galaxy.

TERM DEPOSITS

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