SIB Premium Corporate Salary Account

SIB Premium Corporate Salary Account - Features

Zero balance account with no maintenance requirements
Complimentary RuPay Platinum Debit Card with lounge access and waived fees
High daily transaction limits of Rs. 3,50,000/- for purchases and Rs. 1,00,000/- for withdrawals
Salary overdraft facility up to Rs. 3 lakhs
Complimentary accidental insurance with the RuPay Card
Unlimited free ATM transactions across SIB and other bank ATMs
Free RTGS/NEFT transactions up to Rs. 2 lakhs monthly
Special waivers on processing fees for vehicle and housing loans

SIB Premium Corporate Salary Account - Eligibility

You must have a minimum monthly net salary of 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 Subsequently, the salary account will be converted to a normal SB Privilege account, and all special benefits will be withdrawn.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 Premium Corporate Salary Account - Documentation

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

PAN card or Form 60
Address Proof (Aadhaar Card, Passport, etc.)
ID proof (Passport, Voter ID, etc.)
CSA Annexure

Particulars	Charges
Minimum Balance Charges	No charges for maintaining a zero-balance account
ATM Transactions	Unlimited free transactions across SIB and other bank ATMs
RTGS/NEFT Transfers	Free up to Rs. 2 lakhs monthly; standard charges apply beyond this limit
Cheque Book	Free up to 50 leaves annually; charges apply for additional leaves
Demand Drafts	Free up to Rs. 50,000/- annually; charges apply for higher amounts

Open your SIB Premium 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 minimum monthly net salary requirement is Rs. 50,000/-.

No, the account remains free of charges if the salary is credited regularly.

Airport lounge access is enabled automatically on your RuPay Platinum Debit Card. Do present the card at eligible lounges to avail of the benefit.

No, the waiver is applicable only for Vehicle loans and Housing loans.

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.

Cheque books (up to 50 leaves per year) and DD issuance (up to Rs. 50,000/-) are free. Beyond these limits, standard charges apply.

Yes, you can upgrade your existing South Indian Bank savings account to an SIB Premium Salary Account by meeting the eligibility criteria and submitting the required documents.

Yes, Internet Banking and Mobile Banking services are provided free of charge to SIB Premium Salary Account holders.

You can apply for an overdraft facility by visiting the nearest branch or contacting your Relationship Manager. Approval is subject to terms and conditions.

No, this account is exclusively for salaried individuals with a monthly net salary of Rs. 50,000/- and above.

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