Fast Cash Deposit

Flexible & Short-Term Savings Solution

The SIB Fast Cash Deposit from South Indian Bank is tailor-made for NRIs looking for ultra-short-term savings options with quick access to funds and competitive interest rates. Whether you want to park surplus Indian income or manage your short-term liquidity smartly, this scheme ensures ease, flexibility, and growth.

Ultra-Short-Term Deposits – Choose from 30, 46, or 91-day tenures with cumulative or non-cumulative options.
Partial Withdrawal Flexibility – Withdraw part of the deposit while the remaining balance continues to earn interest.
Easy Renewals – Automatic renewal ensures seamless continuation without visiting a branch.
Attractive Interest Rates – Earn competitive fixed deposit rates applicable for similar durations.
Local Fund Management – Accounts maintained in Indian Rupees for managing local remittances like rent.
Joint Account Facility – Open a Fast Cash Deposit as a joint account with another NRI or resident Indian.
Tax Applicability – Interest earned is subject to Indian Income Tax as per applicable laws.
Restricted Repatriation – Repatriation of interest is permitted, while principal repatriation is subject to RBI guidelines.

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

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

Simply log in, select the NRO Kalpakanidhi 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 NRO Kalpakanidhi 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 Deposit through:
- Inward remittance from abroad
- Transfer from your existing NRE/NRO 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 Deposit Calculator to estimate your returns based on deposit amount, tenure, and interest payout frequency.