Kalpakanidhi Deposits

Secure & Grow Your Wealth

South Indian Bank’s Kalpakanidhi NRE Term Deposit is a tailor-made investment product for Non-Resident Indians (NRIs), offering attractive interest rates, tax-free earnings, and complete repatriability. Designed for long-term financial security, this deposit ensures guaranteed returns and peace of mind.

Reinvestment Plan - Interest is compounded quarterly, maximizing returns
Flexible Tenure - Choose a fixed deposit period ranging from 1 year to 10 years
Higher Effective Returns - Quarterly compounding enhances overall earnings
Auto-Renewal Option - Hassle-free automatic renewal at maturity
Full Repatriation - Both principal and interest can be repatriated
Joint Account Facility - Open the 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 Term Deposit

You can open an NRE Kalpakanidhi Deposit either online or offline, as per your convenience:

Online Mode
Open your NRE Deposit instantly using:

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

Simply log in, select 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 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.

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

KND is a reinvestment plan with interest-compounded quarterly. In normal FDs, interest pay-out is happening on a monthly/quarterly basis.

Kalpakanidhi Deposit can be opened from 6 months onwards.

Yes, presently our Bank is offering additional interest benefit for Senior Citizens and the same is applicable for SIB’s Kalpakanidhi Deposits also except Non-callable deposits.

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