SIB Executive Corporate Salary Account

SIB Executive Corporate Salary Account - Features

Enjoy the flexibility of zero minimum balance
Transaction limits of Rs. 3,50,000/- daily purchase and Rs. 1,00,000/- ATM withdrawal limits
Exclusive RuPay Platinum Debit Card including complimentary Airport Lounge access and no annual fees (conditions apply)
Complimentary Accidental Insurance covers accidental death for RuPay cardholders
Avail overdraft up to Rs. 2 lakhs for financial convenience
Internet and mobile banking for seamless transactions
Avail processing fee waivers on vehicle and housing loans
Unlimited ATM transactions free at SIB and other bank ATMs

SIB Executive Corporate Salary Account - Eligibility

You must have a minimum monthly net salary between Rs. 25,000/- and Rs. 50,000/-
You must be an Indian resident aged 18 years or 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 Subsequently, the salary account will be converted to a normal SB Privilege account, and all special benefits will be withdrawn.

SIB Executive Corporate Salary Account - Documentation

To open an account, you will require the following documents:

Identity Proof: Passport, Voter ID, Aadhaar Card, or any other valid government-issued ID
Address Proof: Aadhaar Card, Passport, Utility bills, etc.
PAN Card/Form 60: Mandatory for account opening
CSA Annexure: For corporate onboarding

Particulars	Charges
Minimum Balance Charges	Zero charges for maintaining a zero-balance account
Debit Card Annual Fees	Waived for the first year; subsequent years waived with monthly purchases
RTGS/NEFT Transfers	Free up to Rs. 1 lakh monthly; charges apply beyond this limit
Cheque Book	Free up to 25 leaves annually; charges apply for additional leaves
Demand Drafts	Free issuance up to Rs. 25,000/- annually; charges apply for higher amounts

Open your SIB Executive 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

The SIB Executive Salary Account is designed for individuals earning a monthly net salary of Rs. 25,000/- to Rs. 50,000/-.

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.

You can enjoy free RTGS/NEFT transactions up to Rs. 1 lakh monthly. Charges apply beyond this limit.

The RuPay Platinum Debit Card linked to your account provides lounge access. Do present the card at eligible lounges to avail of the benefit.

Yes, overdraft facility is available. Please visit the nearest branch for details and approval.