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 the 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.
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 the 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. Below rates are effective from 20 January 2019.
South Indian Bank Domestic and NRO deposit Interest Rates February 2019:
| Maturity Time | Deposit below 1 crore |
|---|---|
| 7 Days to 45 Days | 4.00% |
| 45 Days to 90 Days | 6.00% |
| 92 Days – 1 Year | 6.90% |
| 1 Year to 2 Years | 6.90% |
| 2 Years to 3 Years | 7.60% |
| 3 Years to 5 Years | 7.00% |
| 5 Years to 10 Years | 6.50% |
| Tax Gain | 7.00% |
South Indian Bank NRE deposit Rates February 2019:
| Maturity time | Interest rate |
|---|---|
| 1 Year to 2 Years | 6.90% |
| 2 Years to 3 Years | 7.60% |
| 3 Years to 5 Years | 7.00% |
| 5 Years to 10 Years | 6.50% |
Table Updated: 19 February 2019
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Check out full details at official website https://www.southindianbank.com/interestRate/interestRateList.aspx