SIB Corporate Startup Current Account

Unlock Premium Banking Privileges for Your Growing Business.

The SIB Corporate Startup Current Account is the ultimate banking partner for upcoming businesses. With a 3-year minimum balance waiver, premium transaction limits, and exclusive debit card benefits, it’s crafted to support highly driven startups as they scale new heights without financial constraints.

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

Enhanced Flexibility: Enjoy a minimum balance waiver for 3 years, giving your startup room to grow without immediate financial pressure
Convenient Transactions: Effortlessly handle high-volume business operations with free unlimited RTGS/NEFT transactions and 100 free branch transactions every month
Seamless Cheque Management: Receive 100 free cheque leaves monthly, with additional leaves provided for maintaining higher balances
Hassle-Free ATM Access: Access cash anytime with unlimited withdrawals at South Indian Bank ATMs
Debit Card Perks: Get Master Business Platinum or RuPay Platinum debit cards with perks like airport lounge access, issued without any annual maintenance fees

To open an SIB Corporate Startup Current Account, ensure your business meets the following criteria:

Who Can Open:	Private Limited Companies Public Limited Companies Limited Liability Partnerships (LLPs) or One-Person Companies (OPCs) registered within the last 3 years
Requirements:	Valid KYC documents PAN card Registration within 3 years

Open the SIB Corporate Startup Current Account through these simple online or offline processes:

Visit the nearest South Indian Bank branch
Consult with a relationship manager to discuss your business requirements
Submit the necessary documents for verification
Complete the account opening process with their assistance

Apply online for SIB Corporate Startup Current Account

Refer to the fees & charges related to the SIB Corporate Startup Current Account:

Minimum Balance (After Waiver Period)	Rs. 50,000/- for rural/semi-urban branches Rs. 1,00,000/- for metro/urban branches
Non-Maintenance Charges	Rs. 800/- for maintaining <50% of the AMB Rs. 650/- for maintaining >=50% but <100% of AMB
Cash Deposit Limit	15x previous month’s AMB, capped at Rs. 4 Cr/month
Cheque Leaves	100 free leaves per month and additional leaves for maintaining higher balances

Frequently Asked Questions

Get answers to your queries

The waiver is valid for 3 years from the account opening date.

The minimum balance requirement is Rs. 50,000/- for rural/semi-urban branches and Rs. 1,00,000/- for metro/urban branches.

If you don’t maintain the balance after the waiver period, non-maintenance charges will apply: Rs800/- for balances below 50% of AMB and Rs650/- for balances between 50-100% of AMB.

Yes, free cash deposits are allowed up to 15 times the previous month’s AMB, capped at Rs4 Cr per month.

You can apply online via the SIB website or offline at any SIB branch.

Apply Now