Flexi Deposits

Smart Savings with Liquidity & Growth

South Indian Bank’s SIB Flexi Deposit offers the best of both worlds—higher interest returns and on-demand liquidity. Linked to your savings account, it ensures your idle funds grow while giving you access to them when needed, through an automated sweep-in facility. Ideal for NRIs who want efficient fund utilization without sacrificing earnings.

Linked to Savings Account – Deposit maintained in units of Rs.1,000 and linked to your SB account.
Sweep-In Facility – Automatic withdrawal on a Last In-First Out (LIFO) basis when your account needs funds.
Partial Withdrawals with Interest Calculation – Premature withdrawals earn interest based on the duration the deposit remained with the bank.
End-of-Day Adjustments – Flexi breaking occurs only at the end of the day, ensuring any intraday credits are utilized before withdrawal.
Quarterly Interest Payout – Interest is credited every quarter, ensuring regular earnings.
No Loan Facility – Loans cannot be availed against Flexi Deposits.
Pre-Closure Penalty – Premature withdrawals are subject to applicable penalties.
No Lien Marking – Lien cannot be marked against Flexi Deposits.
TDS Applicable – Tax Deducted at Source (TDS) applies on interest earned.

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

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

Simply log in, select the NRO Flexi 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 Flexi 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 NRO helpdesk.
Fund your FD 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.