SIB Business Startup Current Account

Kickstart Your Business with SIB – Smart Banking for Bold Beginnings!

Starting a business is a bold step, and managing finances should empower, not hinder, your journey. The Business Startup Current Account by SIB offers exclusive benefits like a 2-year minimum balance waiver, unlimited digital transactions, and a premium debit card, to help small and emerging businesses thrive. Open an account with SIB and make us your growth partner!

Open an SIB Business Startup Current Account Today and enjoy its multiple benefits.

Financial Flexibility: A 2-year minimum balance waiver ensures you can focus on building your business without financial strain
Banking without Limits: Enjoy free ATM withdrawals, ensuring smooth, uninterrupted cash flow management
Effortless Operations: Simplify your daily transactions with 100 free cheque leaves monthly along with 30 free demand drafts for added operational ease
Debit Card Privileges: Experience premium Master Business/Visa/RuPay Platinum Debit Cards with zero annual maintenance charges for the first year
Complete Transparency: Stay informed with free SMS alerts and detailed monthly account statements

To open the South Indian Bank Business Startup Current Account, you must meet the following criteria:

Who Can Open:	Sole proprietorships or partnerships registered within the last 3 years
Requirements:	Valid KYC documents PAN card GST Registration

You can open the SIB Business Startup Current Account in just a few minutes:

Visit your nearest South Indian Bank branch
Consult with a relationship manager to understand account benefits and requirements
Provide all required documents for verification
Complete the account-opening process in person

Apply online for SIB Business Startup Current Account

You will incur the following fees & charges for the SIB Business Startup Current Account:

Minimum Balance Requirement (After the 2-Year Waiver)	Rs. 25,000/- for rural/semi-urban branches Rs. 50,000/- for metro/urban branches
Non-Maintenance Charges	Rs. 650/- for maintaining <50% of the AMB Rs. 500/- for maintaining >=50% but <100% of the AMB
Cash Deposit Limit	Up to 15 times the previous month’s average balance (max Rs. 4 Cr per month)

Frequently Asked Questions

Get answers to your queries

The waiver period is 2 years from the SIB Business Startup Current Account opening date.

You will require GST registration, incorporation/registration certificate, ID/address proof of signatories, and partnership deed (if applicable).

No, RTGS/NEFT transactions via digital channels are completely free and unlimited.

You will be charged Rs. 650/- (<50% AMB) or Rs. 500/- (=50% but <100%) for non-maintenance of the AMB.

Yes, you can apply online by filling out the application form and uploading the required documents. Alternatively, you can visit any SIB branch for assistance.

Apply Now