EXIM Silver Account

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

Simplified Banking: Effortlessly manage your account with zero AMB requirement, provided quarterly forex throughput (QFT) of USD 15,000/- is maintained
Trade Advantages: Enjoy discounted trade transaction charges and free inward remittances for seamless global business
Unlimited Transactions: Benefit from free and unlimited digital NEFT/RTGS transactions and withdrawals across branches
Digital Excellence: Get complimentary access to mobile, Internet banking, and SMS/email alerts
High Deposit Limits: Deposit up to 15 times the previous month’s AMB and enjoy a free deposit limit ranging from Rs.3 lakh to Rs. 4 crore
E-BRC Issuance: Get electronic Bank Realization Certificates issued at no cost
Export LC Advising: Avail LC advisory services at just Rs.500/- per advising
Branch Transactions: Enjoy 30 free NEFT/RTGS transactions per month at branch counters
Cheque Leaves & Demand Drafts: Avail 100 free cheque leaves and issue up to 25 free DDs every month
MIS Dashboard: Generate trade transaction reports in multiple formats for efficient monitoring
Customs Duty Payments: Pay duties effortlessly through the ICEGATE portal
Introductory Offers: Avail discounted trade and forex rates during the account opening quarter and the subsequent quarter, irrespective of QFT maintenance
Streamlined Onboarding: Open your account with a minimal documentation process designed for businesses

Here is the eligibility criteria for the SIB EXIM Silver Current Account:

Who Can Open:	This account is ideal for any business with a valid Importer Exporter Code (IEC) certificate.
Requirements:	Valid KYC documents. PAN card. IEC Certificate A minimum quarterly forex throughput (QFT) of USD 15,000/-.

Follow these simple steps to open the SIB EXIM Silver Current Account:

Visit the nearest South Indian Bank branch.
Submit the application form along with the IEC certificate, business registration proof, and ID/address proof.
Get onboarding assistance from the branch representative.

Apply online for SIB EXIM Silver Current Account

Here are the fees and charges related to the SIB EXIM Silver Current Account:

Features	Charges
Eligibility	Any eligible constitution with IEC certificate (IEC certificate is mandatory for account opening).
Required AverageMonthly Balance (AMB)	NIL
*Minimum required Quarterly Forex Throughput (QFT) USD Equivalent**	USD 15000/-
Charges for Non-Maintenance of QFT	Rs.500/- per quarter
*Required QFT volume to be maintained in order to avail the discounted rates inTrade and Forex features

Trade and Forex - Features
Remittances
Inward Remittances	Free
Non- Trade Outward Remittance	Rs.400/- per bill**
E- FIRC Issuances	Rs.400/- per certificate
Exports
E-BRC	Free
Export LC Advising	Rs.500/-
Imports
Advance remittance against Import	Rs. 400/bill**
Direct Import Bills	Rs. 400/bill**
Import Bills for Collection	Rs. 400/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	100 Cheque Leaves Free per Month.
NEFT/RTGS	Digital Channels: Free & Unlimited Branch Channel: 30 txns free/month Std. Charges applicable at Branch channel after free limit.
IMPS	Charges Applicable
Demand Draft	Free up to 25 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	1st year AMC is waived if any one of the below conditions is satisfied by the within 90 days of card issuance Minimum 3 purchase transactions of any amount using the card. Purchase transactions worth Rs. 5,000/- or more. Average Balance of Rs. 50,000/- or more in the account for the 90-day period. If above conditions are not satisfied AMC charges applicable. 2nd year onwards AMC will be waived if Yearly Average Balance >=50,000/-
SIB ATM usage	Unlimited Free ATM access all over the country
Other Bank ATM usage	Chargeable
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*

Click here for Service Charges

Frequently Asked Questions

Get answers to your queries

Any business with a valid IEC certificate is eligible to open the SIB EXIM Silver Current Account.

The account requires a QFT of USD 15,000/- per quarter.

Yes, Rs. 500/- is charged per quarter for non-compliance with the QFT requirement.

Cash deposits are free up to 15 times the previous month’s AMB, with a Rs. 3 lakh minimum and Rs. 4 crore maximum. Withdrawals are unlimited across branches.

Yes, NEFT/RTGS transactions via digital channels are unlimited and free.

You will need a valid IEC certificate, business registration proof, and ID/address proof.

Yes, trade finance services are accessible via the SIB Trade Finance Portal at discounted rates.

Customs duties can be paid online through the ICEGATE portal linked to your account.

Yes, the Debit Card issuance is free, and the first-year AMC is waived if conditions are met within 90 days of issuance. From the second year onwards, AMC is waived if you maintain an yearly AMB of Rs. 50,000/- or above.

Reports can be downloaded in PDF, Excel, or CSV formats through Corporate Net Banking.

Show More FAQs

Apply Now