Kalpakanidhi

Smart Investment for Returning NRIs

SIB Kalpakanidhi is South Indian Bank’s specialized RFC Reinvestment Deposit, tailored for returning NRIs and PIOs looking to grow their foreign currency savings with compounded returns. With flexible tenure, multi-currency support, and full repatriability, it ensures wealth preservation and financial flexibility for global needs.

Reinvestment Plan – Interest is compounded half-yearly, ensuring higher returns.
Flexible Deposit Tenure – Choose from 1 year to 3 years to suit your financial goals.
Higher Effective Returns – Half-yearly compounding maximizes earnings over time.
Multi-Currency Holding – Maintain deposits in GBP, USD, EUR, AUD, CHF, CAD, and JPY.
Eligible for Returning NRIs – Available for Persons of Indian Origin (PIOs) who have stayed abroad for at least one year.
Full Repatriability – Funds can be repatriated or transferred to NRE/FCNR(B) accounts if the account holder becomes an NRI again.
Flexible Fund Usage – Balance can be used for expenses like travel, children’s education abroad, and other legitimate 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 deposits, ensuring funds remain intact.

You can open a Kalpakanidhi RFC Deposit in 3 simple steps

Visit your nearest South Indian Bank branch with documents proving at least one year of overseas stay.
Fill out the application form and submit KYC and RFC account documentation.
Fund the account through foreign inward remittance or transfer from your NRE/FCNR(B) account.

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.