Fixed Deposit

Secure & Grow Your Foreign Currency Savings

South Indian Bank’s RFC (Resident Foreign Currency) Fixed Deposit is a specialised deposit product for returning NRIs who wish to retain and grow their foreign earnings in foreign currency. It offers the perfect blend of security, liquidity, and flexibility—ensuring your global wealth continues to grow even after returning to India

Quarterly Interest Payout – Earn simple interest every quarter for consistent returns.
Flexible Tenure Options – Choose a deposit period ranging from 1 year to 3 years.
Multi-Currency Holding – Maintain deposits in GBP, USD, EUR, AUD, CHF, CAD, and JPY.
Eligible for Returning NRIs – Open an RFC Fixed Deposit if you have stayed abroad for at least one year before returning to India.
Full Repatriability – Balance can be repatriated or transferred to NRE/FCNR(B) accounts if the account holder becomes an NRI again.
Flexible Fund Usage – Use your savings for bona fide expenses like travel, children's education abroad, and other permitted needs.
Secure Asset Management – Foreign assets acquired before returning to India can be credited to the RFC account.
No Loan Facility – Loans cannot be availed against RFC Fixed Deposits, ensuring capital preservation.

For Returning NRIs:

Visit the nearest South Indian Bank branch with proof of NRI status before return (minimum 1 year stay abroad).
Submit valid KYC documents and fill out the RFC Fixed Deposit application form.
Choose your preferred currency and tenure.
Deposit the amount through foreign inward remittance or transfer from NRE/FCNR(B) account.
Start earning quarterly interest on your foreign currency savings.

Download Application Form

To view the latest interest rates, click here

Plan Your Returns
Use our FD Calculator to estimate your returns based on deposit amount, tenure, and interest payout frequency.

Frequently Asked Questions

To get answers to the frequently asked queries

A fixed deposit can be opened for any amount subject to a minimum of Rs. 100/- and Flexi Deposit with a minimum of Rs. 1000/-.
In Digital Platform, the minimum amount required is Rs. 1000/-

To know more about our interest rates, click here

Loans/advances may be allowed up to 90% of the amount outstanding in the INR deposit account except against those opened under Tax Gain Scheme, Flexi Deposit scheme, Fast Cash Deposit, Non-Callable and Security Deposit.

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