The South Indian Bank Limited is a private sector bank with headquarters located in Thrissur, Kerala. The South Indian Bank has over 800 branches and over 20 regional offices spread all over the country. It has even set up more than 1,000 ATM’s and 4 cash deposit machines across India.

The South Indian Bank holds many milestones. It is the first private sector bank to open a currency chest in India. It also boasts of the eighth largest branch network in the private sector banking segment. It is the first private sector bank to start an Industrial Finance Branch in India.

The South Indian Bank offers lucrative interest rates on fixed deposits by resident as well as non-resident Indians. Resident tenors range from 7 days to 120 months with deposits of over 1 crore requiring prior approval from the Head Office. Nonresident tenors range from 1 year to 120 months.

south indian bank fd rates

The South Indian Bank Limited is a private sector bank with headquarters located in Thrissur, Kerala. The South Indian Bank has over 800 branches and over 20 regional offices spread all over the country. It has even set up more than 1,000 ATM’s and 4 cash deposit machines across India.

The South Indian Bank holds many milestones. It is the first private sector bank to open a currency chest in India. It also boasts of the eighth largest branch network in the private sector banking segment. It is the first private sector bank to start an Industrial Finance Branch in India.

The South Indian Bank offers lucrative interest rates on fixed deposits by resident as well as non-resident Indians. Resident tenors range from 7 days to 120 months with deposits of over 1 crore requiring prior approval from the Head Office. Nonresident tenors range from 1 year to 120 months.

Domestic deposit Interest rates:

 Maturity TimeDeposit below 1 crore
 7-45 days 4.00%
 45-90 days 6.50%
 91 days – 1 year 7.05%
 1-3 years 7.55%
 3-10 years 7.30%
 Tax gain 7.30%

NRE deposit rates:

Maturity timeInterest rate
 1-3 years 7.55%
 3-10 years 7.30%

Source: https://www.southindianbank.com/interestRate/interestRateList.aspx