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Personal Banking  Accounts & Deposits  Term Deposits  SIB 750

SIB 750

On the occasion of our Banks “Founders Day” i.e. 29th January our 750th branch was inaugurated at Pallikara, Ernakulam by our Brand Ambassador Bharat MAMMOOTTY. We are pleased to introduce a short term deposit scheme where we are incentivizing our customers with better interest rates on this grand occasion.

Salient Features of SIB 750
  • Period of Deposit 15 months.
  • Rate of interest 9.6% for General ,NRE and NRO Deposits
  • Rate of Interest for Senior Citizen Domestic deposits will be 10.10 %
  • The scheme will be open for a short period only.
  • The scheme will be available in Domestic/NRO/NRE categories and will carry same rates.
  • Minimum amount of deposit is Rs 1000/- and maximum amount  Rs One Crore only.
  • Rates for deposits above One Crore to be obtained from our Treasury Dept.
  • The deposit is made available in Cumulative and Simple interest schemes.FD/KND
  • If monthly interest is required it will be at discounted rates as applicable.
  • Recurring Deposits opened for 15 months during this period also will be getting same interest as applicable to SIB 750
  • Flexi Deposits of 15 months will also be offered same rate of interest
  • Preclosure penalty as applicable to other deposits (i.e. 0.5% up to 15 lakhs and 1% for deposits of 15 lakhs and above).
  • The Additional interest for Senior Citizen is not applicable to NRO and NRE Deposits.
  • NRE deposits if closed prematurely before one year no interest will be credited as per RBI directives.
  • TDS and all other feature same as that of other term deposits