EXIM Gold Account

Open an SIB EXIM Gold Account Current Account Today and enjoy its multiple benefits.

Trade and Forex Support: Simplify your global business with free inward remittances, discounted non-trade outward remittances, and low-cost export/import services.
High Transaction Limits: Handle high-volume cash deposits, withdrawals, and 200 free cheques with generous transaction limits and up to 50 free demand drafts monthly.
Cost-Free Digital Transactions: Enjoy unlimited free NEFT/RTGS through digital channels, 50 free NEFT/RTGS transfers through branch channels, free mobile and Internet banking, and free ATM usage nationwide.
Debit Card Benefits: Choose from premium VISA, RuPay, or MasterCard variants with no issuance or annual maintenance charges.
Enhanced Trade Features: Access trade reports, manage customs duty payments via ICEGATE, and utilise the SIB Trade Finance Portal for all trade-related needs.

Follow the eligibility criteria given below to open the SIB EXIM Gold Current Account with South Indian Bank:

Who Can Open:	This account is ideal for any business entities with a valid Importer Exporter Code (IEC) certificate.
Requirements:	Valid KYC documents. PAN card. IEC Certificate A minimum quarterly forex throughput (QFT) of USD 50,000/-.

Here are the simple steps you need to follow to apply for the SIB EXIM Gold Current Account:

Visit the nearest South Indian Bank branch.
Submit a completed application form along with your IEC certificate and supporting documents.
The branch will assist you with the account opening process.

Apply online for SIB EXIM Gold Current Account

Check out the fees & charges associated with the SIB EXIM Gold Current Account:

Features	Charges
Required AverageMonthly Balance (AMB)	NIL
*Minimum required Quarterly Forex Throughput (QFT) USD Equivalent**	USD 50,000/-
Charges for Non-Maintenance of QFT	Rs. 750/- per quarter
*Required QFT volume to be maintained in order to avail the discounted rates inTrade and Forex features

Trade and Forex - Features and charges
Remittances
Inward Remittances	Free
Non- Trade Outward Remittance	Rs. 300/- per bill**
E- FIRC Issuances	Rs. 300/- per certificate
Exports
E-BRC	Free
Export LC Advising	Rs. 250/-
Imports
Advance remittance against Import	Rs. 300/bill**
Direct Import Bills	Rs. 300/bill**
Import Bills for Collection	Rs. 300/bill**

Transaction related Features and Charges
Required AMB	NIL
Cash Deposit	15 times of the Previous month AMB maintained.
Free Limit	Min. limit Rs. 3 Lakh & Max limit of Rs. 4 Cr
Cash Withdrawal Free Limit	Unlimited free cash withdrawal across branches (TDS applicable as per norms)
Cheque Leaves	200 Cheque Leaves Free per Month.
NEFT/RTGS	Digital Channels: Free & Unlimited Branch Channel: 50 txns free/month Std. Charges applicable at Branch channel after free limit.
IMPS	Charges Applicable
Demand Draft	Free up to 50 DD issuance /month Charges applicable after the free limit
Debit Card	VISA/Rupay/Master Card Platinum & Master Card Business Platinum Card issuance is subject to availability of the mentioned card variant.
Issuance Charge	NIL Issuance fee
Debit Card AMC	NIL AMC charges
SIB ATM usage	Unlimited Free ATM access all over the country
Other Bank ATM usage	Unlimited Free ATM access all over the country
Mobile Banking	Free
Internet Banking	Free
SMS Alerts and Email statement	Free
A/c closing charges	From 1 -14 days of account opening – Nil 14 days to < = 6 months of account opening - Rs. 300/- Greater than 6 months of account opening - Rs. 150/-
Folio Charges	NIL
*Required QFT volume to be maintained in order to avail the discounted rates inTrade and Forex features
For any other trade, forex and transaction features not mentioned as above, charges will be applicable at a standard rate. # For other Debit Card Issuance Fee & AMC will be applicable with standard charges.
Additional Features: Access to Trade Finance Portal – SIB TF Online through Corporate Net Banking. Access to Trade MIS Dashboard in Corporate Net Banking and reports can be downloaded in PDF, Excel, and CSV formats. Customs duty online payment facility through ICEGATE portal.
Customers can avail the discounted rates in trade forex features and other transactional benefits in first two calendar quarter (including account opening quarter) without QFT maintenance requirement. From third quarter onwards, all benefits related to trade forex services will be provided based on the QFT maintained in the previous quarter. Valid Importer Exporter Code (IEC) is mandatory for opening EXIM Current Account. Quarterly Forex Throughput (QFT) is arrived based on Export Bills/Import bills realized, Inward & Outward remittances routed through the account. SWIFT Charges discounted rate as mentioned above is applicable on “SHA” basis only. T & C Apply*

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Frequently Asked Questions

Get answers to your queries

SIB EXIM Gold is a premium current account tailored for businesses in international trade, offering trade, forex, and digital banking benefits.

Businesses with a valid Importer Exporter Code (IEC) certificate are eligible to open this account.

No, there isn’t any Minimum Balance requirement, but a quarterly forex throughput (QFT) of USD 50,000/- must be maintained.

You must maintain a quarterly forex throughput (QFT) of USD 50,000/-.

A non-maintenance charge of Rs. 750/- per quarter will apply if you fail to maintain the required QFT for SIB EXIM Gold.

The SIB EXIM Gold Current Account comes with 200 free cheque leaves per month.

Yes, transactions are free at SIB and other bank ATMs across India.

Yes, absolutely! You can manage this account using Internet banking, Mobile Banking, and trade finance portals.

You need an IEC certificate, business registration proof, and identity/address proof of the authorized signatory.

Customs duties can be paid easily via the ICEGATE portal linked to the account.

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