South Indian Bank Ltd. Head Office T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India
NRI Savings Account
NRI Saving account allows you to transfer your earnings to India in a convenient manner. Now, Sit at the comfort of your home or office and open an account custom suited for your needs, by filling the online NRI Savings account opening form.
A NRI Savings Account with us allows you to route all your personal financial transactions in a secure and convenient way.
Features of SB NRE/NRO Silver Accounts
SB – NR Silver NRE/ NRO
Average Monthly Minimum Balances Required (AMB)
Rs.5,000/-
Special Features:
Flexibility to maintain minimum balance of Rs. 5,000/- in linked accounts (eligible for last 2 opened NR accounts)
No minimum balance in SB required on maintenance of NRI Term Deposit of Rs. 1,00,000/- and above
Debit Card variants
VISA Classic &
Rupay Classic
Debit card issuance fee
No Charges
AMC for Debit card (annually)
AMC Applicable,
AMC will be waived on the following conditions:
1st Year AMC is waived if any of the following conditions are satisfied within 90 days from card issuance: (i) Minimum 3 purchases transactions of any amount using the card. (ii) Purchase transactions worth Rs.5000 or more using the card. (iii) Average Balance of Rs. 50,000 in the account in the last 90 days.
2nd year AMC will be waived if AYB of Rs. 10,000 or above is maintained.
ABB Cheque Book
(Rs. 3/leaf above free leaves limit)
25 Leaves / Yearly Free
Features of SB NRE/NRO Platinum Accounts
SB – NR Platinum
NRE / NRO
Rs. 1,00,000/-
Flexibility to maintain minimum balance of Rs. 100,000/- in linked accounts (eligible for last 2 opened NR accounts)
No minimum balance in SB required on maintenance of NRI Term Deposit of Rs. 5,00,000/- and above
VISA Platinum NFC &
Rupay Platinum
2nd year AMC will be waived if
AYB of Rs. 50,000 or above is maintained.
Rates will vary as per the card variant.
Debit Card Transaction Charges
(through other banks ATMs in India)
Unlimited
(If AMB is not maintained, Rs.20 + GST per transaction above the free limits for cash withdrawal and Rs.8 Plus GST per transactions for non-financial transactions over and above the 5 free transactions mandated by RBI)
NEFT/RTGS/ Funds transfer (Outward)
Drafts/ Pay orders Charges:
SMS Charges
Demat & PIS
Free Issuance & AMC
Additional Benefits:
25% concession on Loan processing fee upto maximum of Rs.2500/-(Subject to Loan approvals).
Accident death cover of Rs.10.00 lakhs including accidental hospitalization cover of Rs.1.00 lakhs in India
Focused on added convenience and uncompromising on security, SIBerNet offers you a host of services and features which are sure to simplify and enhance your banking journey. For a walk through of the services hosted on SIBerNet, read on.
*Get behind the wheel with ease, thanks to competitive terms and inclusive credit criteria
Interest Earned on NRE Savings account is exempt from tax in India & Interest earned on NRO Savings account is subject to tax deduction at sources at 30% & education cess at 3% which totals to 30.9% plus surcharge if any
NRE Savings account - Repatriation of credit balance permitted without any ceiling limit. NRO Savings account – Restricted Repatriation is offered.
Application form duly filled and signed
Two passport size photographs
Copy of latest valid passport
Valid VISA/Resident ID
PAN CARD or FORM 60
Overseas Address Proof
An account payee cheque of existing NRE a/c of the applicant with any Bank in India, drawn in his name for a minimum Rs 2000/- or Original account statement of overseas / Indian bank account at least for 3 month period concerned bank’s seal.
Can avail value added services such as, Global ATM-cum-Debit Card for NRE accounts and Domestic ATM-cum-Debit Card for NRO Accounts.
Internet Banking Service.
Standing instruction for remittance of insurance premium, rent and similar payments carried out.
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