SIB Silver

Discover the Exclusive Benefits of Your SIB Silver Savings Account:

Available for citizens aged 18 and above
Access to WhatsApp Banking, Internet Banking, and Mobile Banking services
Free and unlimited ATM transactions for added convenience
Enjoy insurance schemes made as per your needs
Free Visa Classic/Rupay Classic Debit Card with no hidden costs
Seamless Fund Transfers via IMPS, UPI, NEFT, and RTGS

The eligibility criteria for opening the SIB Silver Privilege Savings Account are as follows:

The applicant must be a resident individual

To open a Silver Privilege Savings Account, you must provide the following documents:

Identity Proof: Passport, Voter ID, Aadhaar Card, or any other valid government- issued ID
Address Proof: Acceptable documents include Aadhaar Card, Passport, Utility bills (e.g., electricity, water, or gas bills), etc.
PAN Card/Form 60: Mandatory for opening the account

Particulars	Charges
Initial Funding	Rs. 5,000/-
Average Balance Requirement	Rs. 5,000/-
Debit Card Issuance Charges	Nil*
Online NEFT Charges	Nil*
Demand Draft	Rs. 50,000/- free per month.
Outward NEFT/RTGS	Rs. 1,00,000/- free per month.

Open your SIB 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 Silver Account is a savings account designed for individuals aged 18 and above. It offers a range of benefits including debit card facilities, higher transaction limits, and more.

Account holders receive a Visa Classic NFC or RuPay Classic NCMC Debit Card with no issuance fees.

Here are the limits related to ATM usage:

SIB ATM Usage: Unlimited transactions
Other Bank ATM Usage: 5 free transactions per month
Daily Withdrawal Limit: Rs. 50,000/-
Daily Shopping Limit: Rs. 2,00,000/-
Tap and Pay Limit: Payments up to Rs. 5,000/- per transaction, with a maximum of 5 such transactions per day

You must maintain a minimum Average Monthly Balance (AMB) of just Rs. 5,000/- to avail all the benefits.

Yes, failure to maintain the required AMB may result in charges and the unavailability of certain freebies associated with the account. Click here to see an overview of charges.