Personal BankingPriority BankingBenefits to Customers
Product/ Service
Benefits to customers
SIB Prime Platinum Customers
SIB Prime Customers
Eligibility
Savings Bank relationship more than 5 Lacs
Savings Bank relationship between 3- 5 Lacs
Debit Card
Customers belonging to Prime Platinum can avail the Personalized SIB Mastercard World EMV Chip Debit Card for free as long as they are part of the program. Debit Card is provided with the following benefits:
(a) 10% cash back (maximum of Rs. 200) on purchase transactions per month.
(b) 3X reward points on all purchase transactions using SIB Debit Card.
(c) No charges for usage at SIB as well as Non SIB ATMs.
Customers belonging to Prime can avail the Personalized SIB Mastercard World EMV Chip Debit Card for free as long as they are part of the program. Debit Card is provided with the following benefits:
(a) 5% cash back (maximum of Rs. 100) on purchase transactions per month.
(b) 2X reward points on all purchase transactions using SIB Debit Card.
(c) No charges for usage at SIB as well as Non SIB ATMs.
Locker
50% waiver on Annual Locker rent to SIB Prime Platinum customers for one locker per group.
25% waiver on Annual Locker rent to SIB Prime customers for one locker per group.
Doorstep Banking
Free upto 2 instances per month
NA
Business Debit Card
Mastercard Platinum Business Debit Card would be offered free of cost (without issuance fee and AMC) to eligible Prime Platinum customers.
Mastercard Platinum Business Debit Card would be issued free of cost (AMC applicable) to eligible Prime customers.
Insurance Cover
Free SIB Suraksha Kavach insurance cover extended to all group members.
Free SIB Suraksha Kavach insurance limited to self & spouse only.
Forex
Better rates in exchange value
-No FIRC charges
100% Waiver on issuance fees on Multicurrency Travel card for Prime Platinum Customers.
Better rates in exchange value
-No FIRC charges
50% Waiver on issuance fees on Multicurrency Travel card for Prime Customers.
Pricing for Loans
Discounts on applicable rate offered to general customers (floor rate MCLR).
50% waiver on processing fees for Retail Loans (in addition to all other concessions)
Discounts on applicable rate offered to general customers (floor rate MCLR).
25% waiver on processing fees for Retail Loans (in addition to all other concessions)
Demat & Trading account
Free Demat Account without opening charges and AMC. Free Trading Account to the SIB Prime Customer for initial cheque of Rs. 10000(within 30 days of opening). Waiver of charges as per the offer of partners from time to time.
Free Demat Account without opening charges and 50% waiver on AMC. Free Trading Account to the SIB Prime Customer for initial cheque of Rs. 10000(within 30 days of opening). Waiver of charges as per the offer of partners from time to time.
Common Features to SIB Prime Platinum and SIB Prime
Wealth Management Solution
Priority Banking customers can enjoy comprehensive wealth management solution that will help maximise their wealth.
Free Digital Banking services
SIB Prime customers can enjoy the convenience of anytime, anywhere banking via free NetBanking, Mobile Banking and Phone Banking.
Enhanced security using application based OTP/ DSC
Enhanced security features such as application based OTP and Digital Signature Certificate (DSC) as 2FA in SIBerNet on applicable Accounts based on customer request.
Credit Card
Priority Banking Customers can avail a South Indian Bank SBI Platinum Credit Card with annual fees reimbursement in the form of Gift Vouchers* as long as they are part of the program. (*Card Issuance to SIB  Prime Customers and related IDs will be subject to internal Bank policy)
Cash Withdrawals Branches
Free withdrawals at all SIB Branches
Standing Instructions
Free
Service Charge waivers for transactions
All these charges are waived of for SIB  Prime platinum customers:
-DD/PO charges
-Inter-branch funds transfer charges
-Stop payment charges
-Cheque collection charges
-Duplicate statement
NEFT
Free through Mobile/ Net banking
RTGS
Free through Mobile/ Net banking
Bill Pay
Free
Instant Alerts
Free