SIB Platinum

SIB Platinum Privilege Savings Account - Benefits

Available to citizens of any age group
Enjoy exclusive access to Airport Lounges with your Platinum Debit Card
Experience the convenience of WhatsApp Banking or Mobile/Internet Banking for on-the-go financial services
Avail free and unlimited ATM transactions for hassle-free withdrawals
Secure a free Rupay Platinum or Visa Platinum Debit Card with NIL issuance fees
Make the most of unlimited cheque books
Leverage free IMPS/UPI transactions to manage your finances instantly
Get the added benefit of insurance schemes for your peace of mind

You must meet the following eligibility requirements:

You must be a resident
You must be 18 years or over

You need to provide the following documents to open the SIB Platinum Privilege Savings Account:

Identify Proof: Passport, Voter ID, Aadhaar Card, or any other government-issued ID
Address Proof: Aadhaar Card, Passport, Utility Bills, etc
PAN Card/Form 60: Mandatory for opening the account

Particulars	Charges
Initial Funding	Rs. 1,00,000/-
Average Monthly Balance	Rs. 1,00,000/-
Debit Card Issuance Charges	Nil*
SMS Charges	Nil*

Open your SIB Platinum 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 Platinum Account is a premium savings account offered by SIB, tailored to provide exclusive banking privileges and enhanced benefits.

Account holders are provided with either a Visa Platinum NFC Debit Card or a RuPay Platinum NCMC Debit Card. The annual maintenance charge is Rs. 600/- + GST for the RuPay Platinum NCMC Debit Card and Rs. 375/- + GST for the Visa Platinum NFC Debit Card.The annual maintenance charge is waived completely upon maintenance of required balance.

Daily Withdrawal Limit: Rs. 1,00,000/-
Daily Shopping Limit: Rs. 3,50,000/-
Tap and Pay Limit: Payments up to Rs. 5,000/- per transaction, with a maximum of 5 such transactions allowed per day.

No, account holders enjoy unlimited free transactions at both South Indian Bank ATMs and other bank ATMs.

The account requires maintaining an average monthly balance (AMB) of Rs. 1,00,000/- to enjoy all the benefits associated with the account.

Yes, failing to maintain the required AMB may result in penalty charges and the unavailability of certain complimentary features.

The daily collective limit for NEFT/IMPS transfers via SIBerNet is Rs. 5 lakhs. This limit can be extended up to Rs. 20 lakhs using a debit card.

You can apply for the SIB Platinum Account by visiting your nearest South Indian Bank branch or through the Bank's official website.

To open an SIB Platinum Account, applicants need to provide standard KYC documents including proof of identity, proof of address and recent passport-sized photographs.

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