Kalpakanidhi

Maximize Your Foreign Currency Savings

South Indian Bank’s Kalpakanidhi Term Deposit is a high-return reinvestment plan tailored for NRIs aiming to grow their foreign currency savings securely. With half-yearly compounding, multiple currency options, and full repatriability, this deposit offers stability, enhanced earnings, and insulation from exchange rate risks.

Reinvestment Plan – Interest is compounded half-yearly, maximizing effective returns.
Flexible Tenure Options – Choose from deposit periods ranging from 12 months to 5 years.
Higher Effective Returns – Compounded interest ensures better earnings over time.
Multi-Currency Investment – Maintain deposits in GBP, USD, EUR, AUD, CHF, CAD, and JPY.
Attractive Interest Rates – Earn high returns on your foreign currency savings.
Customizable Maturities – Accounts can be opened for different tenure options.
Exchange Rate Protection – Investment is insulated from currency fluctuations, ensuring financial stability.
Full Repatriability – Both principal and interest can be freely repatriated.
Joint Account Facility – Open a deposit jointly with another NRI for added flexibility.

To view the latest interest rates on SIB FCNR Term Deposit, click here

Online Mode:

Inform your South Indian Bank branch or Relationship Manager about your interest.
You’ll receive a process initiation request via SIB Mirror+.> Engagement Hub
Upon authentication, your application will be processed digitally.

Offline Mode:

Visit your nearest South Indian Bank branch.
Submit KYC documents and proof of NRI status.
Complete the application form and fund the deposit through inward remittance or transfer from NRE/FCNR(B) account.

Download Application Form

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