Fixed Deposits

Secure Your Savings & Earn Assured Returns

Looking for a safe and rewarding investment option? South Indian Bank’s NRE Fixed Deposit scheme offers NRIs the perfect blend of security, steady returns, and full repatriation benefits. With flexible tenures, interest payout options, and tax advantages, it's an ideal choice for building wealth while maintaining easy liquidity.

Quarterly Interest Payout - Simple interest is paid every quarter
Monthly Interest Option - Monthly interest payout available at a discounted rate
Flexible Tenure - Choose deposit periods ranging from 1 year to 10 years
Convenient Withdrawals - Interest can be withdrawn periodically or transferred to other accounts as per your instructions, subject to regulations
Full Repatriation - Both principal and interest can be fully repatriated
Joint Account Facility - Open a fixed deposit as a joint account with another NRI
Tax Benefits - No Income Tax Deduction at Source (TDS) on interest earned
Wealth & Income Tax Exemption - Balance is exempt from wealth tax, and interest earned is tax-free in India
Loan Facility - Avail loans against the security of your NRE Fixed Deposit

You can open an NRE Fixed Deposit either online or offline, as per your convenience:
Online Mode
Open your NRE Fixed Deposit instantly using:

SIB Mirror+ (Mobile Banking App)
SIBerNet (Internet Banking Portal)

Simply log in, select the NRE Fixed Deposit option, choose your tenure and amount, and confirm the deposit - no paperwork needed.

Offline Mode
Prefer visiting a branch? Here's how:

Download and fill the NRE Fixed Deposit Application Form.
Submit the form along with required KYC documents at your nearest South Indian Bank branch or send them via email to our NRI helpdesk.
Fund your FD through:
- Inward remittance from abroad
- Transfer from your existing NRE/FCNR(B) account

A bank representative will guide you through the rest of the process.