Fixed Deposits

Secure & Grow Your Savings

South Indian Bank’s NRO Fixed Deposit scheme offers NRIs a safe and stable way to grow their India-based earnings. Whether you're receiving rental income, pensions, or local remittances, our Fixed Deposit plans provide attractive interest rates, flexible terms, and easy account management — all while ensuring your money works harder for you.

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 15 days to 10 years.
Convenient Withdrawals – Interest can be withdrawn periodically or transferred to other accounts as per instructions.
Local Fund Management – Accounts are maintained in Indian Rupees for managing local remittances like rent and other earnings.
Joint Account Facility – Open a fixed 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 Fixed Deposit either online or offline, as per your convenience:
Online Mode
Open your NRO Fixed Deposit instantly using:

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

Simply log in, select the NRO 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 NRO 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 NRI/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 FD Calculator to estimate your returns based on deposit amount, tenure, and interest payout frequency.