With a mission to impart ‘Savings Habit’ among studentsSouth Indian Bankhas come up with this product named ‘SIB JUNIOR ’. This product is an SB account exclusively for students.

  • Students having completed 10 years of age with an upper age limit of 18 years are eligible to open a SB account with any of our branches. Introduction from the Principal / Head Master / HOD & Photo Identity Card are sufficient for opening such an account. Usual introduction is acceptable.
  • SB account may be opened at least with a minimum cash remittance of Rs.10/-. However, a minimum balance of the a/c is Rs 150/-, has to be maintained within a period of 3 months.
  • Free cheque books can be issued and free Internet based fund transfer may be allowed when the account holder attains the age of majority (18 years) and also by keeping a monthly average balance of Rs.1000/-. Maximum Penalty for non maintenance of minimum balance which will be applicable in such accounts is Rs.100/- + ST per month as on date.
  • Free ATM cum Global Debit Card: ATM cum Global Debit Card will be issued free of cost.
  • Parents can open an ABB account with any of our Branches for easy fund transfer.
  • Free fund transfer will be permitted from Parents Account to SIB Junior Account.
  • Bank may consider Education Loans to eligible students.

You may contact the nearest branch for more details.