SIB Max Plus-Non Callable Deposits

SIB Max Plus is suitable for those who prefer to make a sizable deposit. This term deposit offers higher interest earning term deposit for those who can afford to deposit a sizable amount for a specific period.

Key Features and Benefits

Attractive interest rate
Ideal for Larger Investments
Easy to open and track
  • Minimum deposit amount of  Rs.1,00,00,001/- and Maximum deposit amount of less than Rs.3 Crore, allowed for specific tenures only
  • Non-callable Term deposits will not be allowed to be withdrawn prematurely under any circumstances.
  • The deposit is made available in Cumulative and Simple interest schemes.
  • In case of monthly deposit scheme, the interest shall be calculated for the quarter and paid monthly at discounted value.
  • No additional interest rate will be applicable for senior citizens, staff and retired staff under Non-callable Term deposits
  • Loans and Overdraft facilities will not be available against Non-callable term deposits.
  • TDS and all other feature same as that of other Term Deposits.

With South Indian Bank, you can open the SIB Max Plus Deposits 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.

To make your investment more attractive, South Indian Bank offers attractive rate of interest on Non-Callable Deposits.

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 Max Plus Non-Callable Deposits offer a higher interest rate compared to normal deposits. To know more about our interest rates, click here

A Deposit which cannot be prematurely closed.

Presently SIB Max Plus Non-Callable deposit can be opened with a minimum deposit amount of Rs 1,00,00,001/-

Loan facility cannot be availed against Non-callable deposits.

TERM DEPOSITS

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