SIB Gold

SIB Gold Privilege Savings Account - Benefits

Available to citizens aged 18 years or more
Enjoy seamless banking with Mobile and Internet Banking facilities
Free and unlimited ATM transactions across the country
Complimentary Cheque Book, and other added benefits
Avail insurance schemes tailored for your safety
IMPS/UPI support for fast and secure money transfers

You must meet the following eligibility criteria:

You should be a resident individual
You must be 18 years of age or older

To open the SIB Gold Account, the following documents are required:

Identify Proof: Valid government-issued ID such as a Passport, Voter ID, Aadhaar Card, etc.
Address Proof: Documents like Aadhaar Card, Passport, or Utility Bills, etc.
PAN Card/Form 60: Mandatory for opening the account

Particulars	Charges
Initial Funding	Rs. 10,000/-
Average Balance Requirement	Rs. 10,000/-
Debit Card Issuance Charges	Nil*
Online NEFT Charges	Nil*
Demand Draft	Rs. 1,00,000/- free per month
Outward NEFT/RTGS	Rs. 2,00,000/- free per month

*T&C apply

Open your SIB Gold Privilege Savings 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 Gold Account is a premium savings account offered by South Indian Bank, designed to provide account holders with enhanced banking privileges, exclusive benefits, and greater convenience.

To maintain the SIB Gold Account, an average monthly balance (AMB) of Rs. 10,000/- is required.

Account holders enjoy a variety of benefits, including:

Free Cheque Leaves: Up to 25 leaves per calendar year.
Free Outward RTGS/NEFT Transactions: Transactions up to Rs. 2,00,000/- per month are free.
Free Demand Drafts: Issued for amounts up to Rs. 1,00,000/- per month.
Free Net Banking (SIBerNet): NEFT and RTGS transactions are free. IMPS transactions are free for accounts maintaining an AMB of Rs. 50,000/- or more.
Mobile Banking Services: Enjoy seamless access to a wide range of banking services via the Bank’s mobile app.

Yes, failing to maintain the required AMB may result in penalty charges and discontinuation of certain complimentary features associated with the account.

Account holders can make unlimited ATM withdrawals at South Indian Bank ATMs.

Yes, a debit card is provided with the SIB Gold Account, offering convenience for cashless transactions and withdrawals.

The daily collective limit for NEFT/IMPS transfers through SIBerNet is Rs. 5 lakhs, extendable up to Rs. 20 lakhs using a debit card. The free RTGS transaction limit is Rs. 2 lakhs per month, applicable for branch and online transactions combined.

You can apply for the SIB Gold Account by visiting the nearest South Indian Bank branch or applying online through the Bank’s official website.

Applicants must provide standard KYC documents, including: