SIB Smart Corporate Salary Account

SIB Smart Corporate Salary Account - Features

No minimum balance maintenance
No issuance charges and first-year annual maintenance fee waived on the Classic Debit Card
Enjoy unlimited free transactions at South Indian Bank ATMs
Free internet and mobile banking services
Transaction flexibility with 5 free transactions at other bank ATMs per month; unlimited if you maintain an average balance of Rs. 10,000/-
Generous withdrawal limit of Rs. 50,000/- and purchase limit of Rs. 2,00,000/- per day
Free RTGS/NEFT transactions up to Rs. 50,000/- monthly
Enjoy a waiver on locker rentals at any branch

SIB Smart Corporate Salary Account - Eligibility

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 Subsequently, the salary account will be converted to a normal SB Privilege account, and all special benefits will be withdrawn.

SIB Smart Corporate Salary Account - Documentation
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: Nil Annual Maintenance: Nil for the first year
RTGS/NEFT Transfers	Free up to Rs. 50,000/- per month. Charges will be applied beyond the free limit.
Online Transactions	Free Online & Own Bank transactions
Cheque Book	Free first 5 leaves every year. Additional leaves will be charged.
Demand Drafts	Free issuance up to Rs. 20,000/- annually. Charges apply for amounts above this limit.

Open your SIB Smart 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 for individuals earning a monthly net salary between Rs. 10,000/- and Rs. 25,000/-.

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.

Yes, you can enjoy unlimited free transactions at SIB ATMs and 5 free transactions at other bank ATMs per month. Unlimited transactions at other bank ATMs are available if you maintain a monthly average balance of Rs. 10,000/-.

No, Internet Banking or Mobile Banking are free for SIB Smart Salary Account holders.

Yes, you are eligible for a discount on locker rentals.