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Online South Indian Bank Savings Account Opening

Open South Indian Bank Saving Account

Last Updated 27th Dec 2021

Interest Rate 2.35% - 4.50%
Minimum Balance Requirement --
Cash Withdrawal Limit --
ATM Transaction Charges --
Debit Card --
Yes Bank
Returns bhi, Rewards bhi
5.5%* interest p.a + up to 1500** YES Rewardz Points on account opening
Earn up to 50k** YES Rewardz Points in 1st year
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Disclaimer: For balance above INR 10 lcs to INR 1Cr. For YES FIRST customers. Terms and conditions apply. For more details please visit: www.yesrewardz.com
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South Indian Bank Savings Account Opening

South Indian Bank Savings accounts in South Indian Bank can be opened online or offline. To open South Indian Bank offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening South Indian Bank Savings Account Online

To open the savings account online in South Indian Bank, you have to follow these steps:

  • Step 1: First, visit the official website of South Indian Bank.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: South Indian Bank’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, South Indian Bank will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open South Indian Bank Savings Account at Branch

To open a savings account with South Indian Bank at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in South Indian Bank

You have to fulfil the following eligibility criteria to open a savings account in South Indian Bank:

  • This account is for resident Indians of 18 years of age and above

Open saving account with Other Banks online

FAQs

How can I open a savings account in South Indian Bank?

You can open a savings account in South Indian Bank either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in South Indian Bank?

Yes, you can open a savings account online, by applying for it through the South Indian Bank’s official website.

What is the minimum balance in South Indian Bank?

The minimum balance required to open a savings account in South Indian Bank is .


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South Indian Bank News - Jan 2022
  • 2021-10-21 : South Indian Bank Revises Savings Account Rates
    South Indian Bank has decreased the interest rate on savings account for balance 100 crores and above to 4.50%. The rates start at 2.35% p.a. for a balance of upto two lakhs.
  • 2021-10-07 : South Indian Bank Revises Savings Account Interest Rates
    South Indian Bank has revised the savings account interest rates for a balance of Rs. 100.00 crore and above to 4.85% p.a. The interest rates for balance upto Rs. 2 Lakhs is 2.35% p.a.
  • 2021-05-21 : South Indian Bank posts net profit of nearly ₹7 crores in Q4
    South Indian Bank reported a net profit of Rs 6.79 crore for the fourth quarter of FY21, against a loss of Rs 143.69 crore in the year-ago period. For the whole FY21, the bank has reported a net profit of Rs 61.91 crore backed by Retail advances which include home, LAP, personal, two-wheeler, car, gold, education and doctor loan. The total deposit base at the end of the March quarter is seen higher by 9% y-o-y at Rs 69,827 crore, while advances declined by 9% to Rs 59,418 crore.
  • 2018-07-23 : Govt. Slashes minimum yearly deposit for Sukanya Samridhi Account
    The government has slashed the minimum annual deposit requirement for an account under Sukanya Samriddhi Yojana to Rs 250 from Rs 1000 earlier. Now, the minimum initial deposit Rs 250 required to open an account under Sukanya Samiriddhi Account Scheme. The minimum deposit that needs to be made every year is now Rs 250, while the maximum is Rs 1.50 lakh.
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