SIB Basic Corporate Salary Account

Zero balance requirement for account maintenance
Unlimited free transactions at South Indian Bank ATMs and 5 free transactions at other bank ATMs every month
Free RTGS/NEFT transactions up to Rs. 20,000/- monthly
Complimentary internet and mobile banking services
Classic Debit Card with waived issuance and first-year annual maintenance charges
Daily transaction limits of Rs. 50,000/- for cash withdrawals and Rs. 2,00,000/- for purchases
Free demand drafts worth Rs. 5,000/- annually

You must have a monthly net salary between Rs. 10,000/- and Rs. 25,000/-
You must be an Indian residents aged 18 years and above
A regular salary credit to the account is mandatory to retain benefits. If the salary is not credited to the account for 3 consecutive months, charges as per the normal SB Privilege account will be applicable. Subsequently, the salary account will be converted to a normal SB Privilege Account, and all special benefits will be withdrawn.

It is easy to open a Basic Corporate Salary Account with SIB.

To open an account, please provide the following documents:

PAN card or Form 60
Address proof (e.g., Aadhaar card, Passport)
ID proof (e.g., Voter ID, Driving License)
CSA Annexure

Particulars	Charges
Minimum Balance Charges	No charges will be applied for maintaining a zero-balance account
Debit Card Annual Fees	Issuance: Free First-year Annual Maintenance: Free
RTGS/NEFT Transfers	Free up to Rs. 20,000/- per month. Charges apply beyond this limit
Online Transactions	Free NEFT & transactions within South Indian Bank accounts
Cheque Book	Free (5 leaves annually). Additional leaves are chargeable
Demand Drafts	Free issuance up to Rs. 5,000/- annually. Charges apply for higher amounts

Open your SIB Basic Corporate Salary Account effortlessly in just a few steps:

Offline Mode:

Visit your nearest South Indian Bank branch
Fill out the Account Opening Form
Submit necessary KYC documents

Online Mode:

Visit SIB Video KYC Portal
Verify your identity using PAN & Aadhaar
Complete KYC via video call
Deposit funds to activate your account

Frequently Asked Questions

Get answers to your queries

This account is designed for individuals earning a monthly net salary of up to Rs. 10,000/-.

No, this is a zero-balance account.

Yes, all transactions at South Indian Bank ATMs are free. Additionally, you get 5 free transactions at other bank ATMs every month. If you maintain an average monthly balance of Rs. 10,000/-, all other bank ATM transactions are free.

A regular salary credit to the account is mandatory to retain benefits. If the salary is not credited to the account for 3 consecutive months, charges as per the normal SB privilege account will be applicable. Subsequently, the salary account will be converted to a normal SB Privilege account, and all special benefits will be withdrawn.

No, both internet and mobile banking are free for account holders.

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