SIB RUBY is bundled with bouquet of offerings which will satisfy the customer’s investment and insurance appetite.

Features of SIB RUBY
Product Name
Individuals of age 18 years and above.
Category of Customers
Domestic / NRI Customers
Minimum Required balance
Rs. 25,000/- in SB A/c
Interest Rate:
Special Rate above Rs.3.00 Lacs: 4.75% for general Citizen and 5.25 % for Senior citizen.
SB balance above 3 lakhs will be converted to Flexi Fixed Deposit in multiples of Rs. 10,000/- with maximum holding period of 92 days. Present Interest rate for 92 days is 4.75% for General Customers and 5.25% for Senior Citizens. (Sweep In and Sweep out would be provided based on one time request from customers).
The maximum amount of sweep out deposit (either as a single deposit or multiple deposits) is restricted to Rs.10,00,000/- (Rupees Ten lacs only) per account at any point of time. Once the facility is activated, customer will also have the option to cancel the sweep facility at any time on request. (Sweep facility is not applicable for NRE accounts)
For below Rs.3.00 Lacs, prevailing SB Interest rates will be applicable.
Free Accidental Insurance Coverage
Personal Accident Death Insurance Cover of Rs. 10 Lacs.
Including, Personal accident hospitalizations cover Rs.1 Lac
Baggage Travel insurance up to Rs.50,000/-
Debit card
Visa Platinum NFC/ Rupay Platinum/Mastercard Platinum without issuance charge/AMC.
For NRO account,Domestic variants- Mastercard Titanium, Rupay Classic.
Mastercard World can be issued on customer request with issuance fees/ AMC.
ATM withdrawal
Free and Unlimited ATM withdrawal at all banks ATM
Waiver in Locker rent
25% waiver on the first year rent (Maximum up to Rs.500 for small & medium lockers only)
Waiver in Processing Fees
25% concession on processing fee(maximum to the amount of Rs.2500)for Housing Loan, Vehicle Loan, Personal Loans, Educational Loans, ODAP, LAP, Rental and Mini Rental.
Free and unlimited
Demand Draft
Charges waived for DD amount Rs.1,00,000/- per month.

In addition to the above mentioned features, customer will be upgraded to Prime and Prime platinum based on the AMB maintained in the account and offers applicable to the priority banking customers shall be provided.
All waivers/freebies subjected to applicable AMB being maintained, else normal charges apply.