|Head Quarters||Thrissur, Kerala|
|Listed on exchange as||South Indian Bank Ltd.|
|Tenure||Regular customers||Senior citizens|
The short-term deposit ranges from 7 days to 1 year or less than a year. The general interest rates are 3.50% to 4.75% and 4.00% to 5.25% for senior citizens.
The medium-term deposits range from 1 year to 5 years. The general interest rates offered are 5.40% to 5.65%, and the senior citizen interest rates are 5.90% to 6.15%.
The long-term deposits range from 5 years and above. The interest rates that are offered are 5.50% for general customers and 6.00% for senior citizens.
Follow the below-mentioned ways to open a South Indian Bank FD-
If you already have a South Indian Bank or Current account with the bank-
If you do not have South Indian Bank or Current account with our bank-
Individuals or entities satisfying the following criteria can opt for a fixed deposit in South Indian Bank –
The following documents have to be furnished for opening a South Indian Bank FD –
What are the minimum and maximum time periods for a South Indian Bank Fixed Deposit account?
The minimum and maximum terms for a South Indian Bank Fixed Deposit account are seven days and ten years, respectively.
Can a South Indian Bank FD account holder terminate it at any time?
Yes, except for tax saver FDs, an account holder can withdraw his or her South Indian Bank FD at any time (comes with a lock-in period of 5 years).
Is the bank offering a higher interest rate to older citizens?
Yes, the bank offers elderly people an additional 0.50 percent interest rate.
What are the requirements for obtaining a South Indian Bank fixed deposit for older citizens?
To be eligible for a South Indian Bank fixed deposit, an individual must be over the age of 60.
What is the required paperwork for proof of address in order to obtain an FD?
A PAN Card is required as evidence of address while applying for an FD.