South Indian Bank Ltd. Head Office T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India
Interest Rates / Forex Rates
* Special rates for Senior Citizens, applicable only to Residents individually or jointly with another resident citizen. Penalty is applicable for premature withdrawal and reinvestment of Retail Rupee Term Deposits (including Recurring Deposits) at the rate of 0.50% for deposit amounts below Rs. 15 lakhs and 1% for deposit amounts of Rs. 15 lakhs and above for deposits opened/renewed up to 31st May 2022. The effective rate will be the net of applicable rate to the amount and period for which the deposit remained with the bank (less the penal rate) or the net of original contracted rate (less penal rate) whichever is less. Effective from 1st June 2022 , premature closure penalty is applicable for premature withdrawal and reinvestment of Retail Rupee Term Deposits (including NRE & Recurring Deposits) at the rate of 0.50% (for all tenors) for deposit amounts below Rs. 5 lakhs and 1% (for all tenors) for deposit amounts of Rs. 5 lakhs and above. The new change in penalty is applicable for all term deposits opened /renewed w.e.f. 1st June 2022.The effective rate will be the net of applicable rate to the amount and period for which the deposit remained with the bank (less the penal rate) or the net of original contracted rate (less penal rate) whichever is less.
Effective annualized rate of return for the Kalpakanidhi* (KND- Quarterly Compounding) deposits
* Special rates for Senior Citizens, applicable only to Residents individually or jointly with another resident citizen.
The exchange rates displayed here is for reference only, and are subject to change as per market movements, final rates applicable will be the prevailing rates at the time of conversion unless mentioned.
External Benchmark based Lending Rate (EBLR)
Applicable Repo Rate for all floating rate loans linked to External Benchmark (Repo) rate is revised to 5.50% w.e.f 07th June 2025
Marginal Cost of funds based Lending Rate (MCLR) for different tenors
MCLRs effective from 20th August 2025, please click here
Base Rate
Base Rate (BR) 9.75% (w.e.f 20th September 2020)
Benchmark Prime Lending Rate
Benchmark Prime Lending Rate (BPLR) 15.00% (w.e.f 11.11.2015)
HOUSING LOAN
*Fixed rate option also available **T&C apply
Schematic Loans linked to MCLR
Fixed Rate
1 Year MCLR + 0.45% or 3 Month MCLR + 0.85%
Floating Rate
*Fixed rate option also available
*Minimum & Maximum rate of interest is charged as per past quarter
Annual Percentage Rate
The following type of accounts are excluded from the above guidelines;
The norms are applicable to all borrowal accounts except stated above irrespective of the exposure
Terms & condition
All Foreign Exchange transactions are subject to rules, regulations & guidelines framed by RBI from time to time.
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