South Indian Bank

home interest rates

Deposits
Loans
Bulk Deposits
Forex Rates

DOMESTIC TERM DEPOSITS (Also applicable for NRO Accounts)

Interest rate on Domestic Term Deposits w.e.f 22nd November 2019

Period	Single Deposit less than Rs.2 crore
	General	Senior Citizens*
7 days to 45 days	4.00%	4.50%
46 days to 90 days	5.50%	6.00%
91 days	5.90%	6.40%
92 days to 180 days	6.00%	6.50%
181 days to less than 1 year	6.35%	6.85%
1 year to less than 2 years	6.60%	7.10%
2 Years	6.90%	7.40%
Above 2 years to up to and including 10 years	6.60%	7.10%
Tax Gain ( 5 Years )	6.60%	7.10%

* Special rates for Senior Citizens, applicable only to Residents individually or jointly with another resident citizen. Penalty is applicable for premature closure of deposits for withdrawal as well as for reinvestment of Term Deposits including Recurring Deposits and Daily Savings 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. The effective rate will be the net of applicable rate for the period of deposit remained with bank (less the penal rate) or the net of original contracted rate (less penal rate) whichever is less.

ALL SAVINGS ACCOUNTS (Also Applicable for NRO/ NRE Accounts)

Interest rate on Savings Accounts w.e.f 15th November 2019

End of the day Balance	Rate of Interest
Up to and including Rs 50.00 lakh	3.25% per annum
Above Rs. 50 lakhs - Up to and including Rs. 5 crores	3.75% per annum
Above Rs. 5 crore to less than Rs. 150 crore	6.00% per annum
Rs.150 crore and above	7.00% per annum

NRE TERM DEPOSITS

Interest rate on NRE Term Deposits with effect from 22nd November 2019

Period	Single Deposit less than Rs.2 crore
1 year to less than 2 years	6.60%p.a
2 years	6.90%p.a
Above 2 years to up to and including 10 years	6.60%p.a

Ø The revised rates will apply only to fresh deposits and on renewal of maturing deposits.

Ø No interest will be paid if closed within one year.

Ø No additional interest will be paid for Senior Citizens under NRE Term deposit schemes.

Ø There is no premature closure penalty charge for NRE Term deposits less than Rs.2 crore

NON CALLABLE DEPOSITS (Applicable for Domestic / NRO and NRE Accounts)

Interest rate on Non Callable Domestic / NRO and NRE Deposits w.e.f 22nd November 2019

Period	Single Deposit above Rs. 15.00 lakhs and less than Rs.2 crore
	General	Senior Citizens*
15 Months ( SIB MAXIMO)	6.65%	7.15%
*Special interest rate for Senior Citizens is not applicable to NRO and NRE customers.

FCNR(B) DEPOSITS

Interest rate per annum on FCNR(B) Deposits with effect from 01st January 2020

Currency wise units	Less than 250,000			250,000-500,000			Above 500,000
Maturity period/Currency	USD	GBP	EUR	USD	GBP	EUR	USD	GBP	EUR
1 Year to less than 2 Year	2.81%	1.80%	0.74%	2.91%	1.90%	0.84%	3.01%	2.00%	0.94%
2 Year to less than 3 Year	2.66%	1.82%	0.71%	2.66%	1.82%	0.71%	2.66%	1.82%	0.71%
3 Year to less than 4 Year	2.65%	1.85%	0.76%	2.65%	1.85%	0.76%	2.65%	1.85%	0.76%
4 Year to less than 5 Year	2.66%	1.88%	0.83%	2.66%	1.88%	0.83%	2.66%	1.88%	0.83%
5 Year	2.68%	1.92%	0.88%	2.68%	1.92%	0.88%	2.68%	1.92%	0.88%

Maturity period/Currency	AUD	CHF	JPY	CAD
1 Year to less than 2 Year	1.91%	0.45%	1.09%	3.21%
2 Year to less than 3 Year	1.91%	0.40%	1.04%	3.00%
3 Year to less than 4 Year	1.97%	0.45%	1.04%	3.02%
4 Year to less than 5 Year	2.14%	0.51%	1.05%	3.03%
5 Year	2.20%	0.57%	1.06%	3.05%

Ø There is no pre closure penalty for FCNR(B) deposits.

Ø No interest will be paid if closed within one year and one day (366days).

RFC ACCOUNT

Interest rate per annum on RFC Deposits with effect from 01st January 2020

Currency wise units	Less than 250,000			250,000-500,000			Above 500,000
Maturity period/Currency	USD	GBP	EUR	USD	GBP	EUR	USD	GBP	EUR
1 Year to less than 2 Year	2.81%	1.80%	0.74%	2.91%	1.90%	0.84%	3.01%	2.00%	0.94%
2 Year to less than 3 Year	2.66%	1.82%	0.71%	2.66%	1.82%	0.71%	2.66%	1.82%	0.71%
3 Year	2.65%	1.85%	0.76%	2.65%	1.85%	0.76%	2.65%	1.85%	0.76%

Maturity period/Currency	AUD	CHF	JPY
1 Year to less than 2 Year	1.91%	0.45%	1.09%
2 Year to less than 3 Year	1.91%	0.40%	1.04%
3 Year	1.97%	0.45%	1.04%

RFC SAVINGS ACCOUNT

	USD	GBP	EURO	AUD	CHF	JPY
Savings Bank A/c( w.e.f 11.11.2015)	0.50%	0.50%	0.50%	-	-	-

Effective Annualized Rate of Return (Indicative only)

In keeping with Reserve Bank of India guidelines to provide information on effective annualized rate of return on deposits of various maturities, the annualized rate of return for the Kalpakanidhi* (KND- Quarterly Compounding) deposits are indicated.

Period	General		Senior Citizen
*Annualized Rate of Return at minimum quarterly multiple of the maturity bucket for Kalpakanidhi (KND - Quarterly Compounding) Domestic Deposits (Also Applicable for NRO KND Deposits)**
(For Single deposits of less than Rs.2 crore)
Period	ROI	Annualized Yield	ROI	Annualized Yield
6 months	6.35%	6.40%	6.85%	6.91%
1 year	6.60%	6.77%	7.10%	7.29%
2 years	6.90%	7.33%	7.40%	7.90%
3 years	6.60%	7.23%	7.10%	7.84%
4 years	6.60%	7.48%	7.10%	8.13%
5 years	6.60%	7.74%	7.10%	8.43%
6 years	6.60%	8.02%	7.10%	8.76%
7years	6.60%	8.30%	7.10%	9.09%
8years	6.60%	8.60%	7.10%	9.45%
9years	6.60%	8.92%	7.10%	9.82%
10years	6.60%	9.24%	7.10%	10.21%

Annualized Rate of Return at minimum quarterly multiple of the maturity bucket for NRE KND* Deposits
Period	ROI		Annualized Yield
1 year	6.60%		6.77%
2 years	6.90%		7.33%
3years	6.60%		7.23%
4years	6.60%		7.48%
5years	6.60%		7.74%
6years	6.60%		8.02%
7years	6.60%		8.30%
8years	6.60%		8.60%
9years	6.60%		8.92%
10years	6.60%		9.24%

* Special rates for Senior Citizens, applicable only to Residents individually or jointly with another resident citizen.

DOMESTIC RATE OF INTEREST - GENERAL

External Benchmark based Lending Rate (EBLR)

All new floating rate retail loans( housing, auto etc) and loans to Micro and Small Enterprises are linked to Repo Rate. Applicable Repo Rate from 01st January 2020 is 5.15%, which will be reset at the beginning of every quarter

Marginal Cost of funds based Lending Rate (MCLR) for different tenors

MCLRs effective from 20th December 2019, please click here

Base Rate

Base Rate (BR) 9.95% (w.e.f 20^th December 2019)

Benchmark Prime Lending Rate

Benchmark Prime Lending Rate (BPLR) 15.00% (w.e.f 11.11.2015)

SCHEMATIC LOANS

Interest rates of schematic loans linked to REPO

Interest rates of schematic loans linked to MCLR

INTEREST RATE RANGE AND ANNUAL PERCENTAGE RATE

Interest Rate Range and Mean Interest Rate

Interest Rate Range of contracted loans for the past quarter (Oct -December 2019) for different categories of advances granted to individual borrowers:
Category	Mean Interest	Interest rate range*
SIB Home Loan	8.97%	8.60% - 13.70%
Mortgage Loan	10.75%	8.75% - 13.05%
Car Loan	9.12%	8.75% - 14.20%
Gold Loan (General)	10.08%	9.85% - 10.65%
Gold loan (Agri)	9.16%	7.00% - 9.50%
Educational Loan	12.29%	9.00% - 15.55%
Personal Loan	12.56%	10.15% - 14.45%
Loan against commercial property	10.51%	10.00% - 11.20%
SIB Decor	11.92%	11.50% - 12.00%
SIB Mini Rental Scheme	11.18%	9.50% - 11.75%
SIB Super Bike Loan	9.60%	9.60% - 9.60%
Two wheeler loan	12.70%	10.00% - 14.20%
Mobi Loan Commercial	11.60%	9.95% - 12.90%

*Minimum & Maximum rate of interest is charged as per past quarter

Annual Percentage Rate

Annual Percentage Rate (updated as on 24.06.2019)

ADDITIONAL INTEREST FOR OVERDUE ACCOUNTS

An additional interest to all borrowal accounts will be charged if the account is in overdue, as mentioned below,

Sl No	Overdue days between	Category	Additional Interest charged
1.	31 - 60 days	SMA - 1	Existing/Contracted Rate of Interest + 0.50%
2.	61 - 90 days	SMA - 2	Existing/Contracted Rate of Interest + 1.00%

The following type of accounts are excluded from the above guidelines;

a) Agriculture loans.

b) Gold Loans

c) FSLDs

d) Simple Interest Loans

e) Staff Loans.

f) FBP and Packing Credit.

The norms are applicable to all borrowal accounts except stated above irrespective of the exposure.

Bulk Deposit

Interest rates for Resident Term Deposits of Rs.2 Crore and above w.e.f 18.01.2020

Tenor	Rs.2.00 Cr to less than Rs.5.00 Cr	Rs.5.00 Cr to less than Rs.10.00 Cr	Rs.10.00 Cr to less than Rs.25.00 Cr	Rs.25 Cr to less than Rs.50.00 Cr	Rs.50.00 Cr to less than Rs. 100 cr	Rs. 100 cr and above
7-14 Days	4.50%	4.50%	4.50%	4.50%	4.50%	4.50%
15-30Days	4.70%	4.70%	4.70%	4.70%	4.70%	4.70%
31-60 Days	5.25%	5.25%	5.25%	5.25%	5.25%	5.25%
61- 89 Days	5.40%	5.40%	5.40%	5.40%	5.40%	5.40%
90-180 Days	5.50%	5.50%	5.50%	5.50%	5.50%	5.50%
181 days to less than 1 year	5.90%	5.90%	5.90%	5.90%	5.90%	5.90%
1 Year	6.60%	6.60%	6.60%	6.60%	6.60%	6.60%
1 Year 1 day to 370 Days	6.60%	6.60%	6.60%	6.60%	6.60%	6.60%
Above 370 Days to up to and including 2 Years	6.60	6.60%	6.60%	6.60%	6.60%	6.60%
Above 2 Years to up to and including 3 Years	6.60%	6.60%	6.60%	6.60%	6.60%	6.60%
Above 3 Years to up to and including 5 Years	6.60%	6.60%	6.60%	6.60%	6.50%	6.50%
Above 5 Years to up to and including 10 Years	6.60%	6.60%	6.60%	6.60%	6.50%	6.50%

Terms & condition

Ø The above rates are subject to change without notice.

Ø No additional interest will be paid to Senior citizen for deposits of Rs.2.00 Crore and above

Ø Premature closure penalty charges of 1% is applicable

NRE Bulk Deposit

Interest rates for NRE Term Deposits of Rs.2 Crore and above w.e.f 18.01.2020

Tenor	Rs.2.00 Cr to less than Rs.5.00 Cr	Rs.5.00 Cr to less than Rs.10.00 Cr	Rs.10.00 Cr to less than Rs.25.00 Cr	Rs.25 Cr to less than Rs.50.00 Cr	Rs.50.00 Cr to less than Rs.100.00 cr	Rs.100.00 Cr and above
1 Year	6.60%	6.60%	6.60%	6.60%	6.60%	6.60%
1 Year 1 day to 370 Days	6.60%	6.60%	6.60%	6.60%	6.60%	6.60%
Above 370 Days to up to and including 2 Years	6.60%	6.60%	6.60%	6.60%	6.60%	6.60%
Above 2 Years to up to and including 3 Years	6.60%	6.60%	6.60%	6.60%	6.60%	6.60%
Above 3 Years to up to and including 5 Years	6.60%	6.60%	6.60%	6.60%	6.50%	6.50%
Above 5 Years to up to and including 10 Years	6.60%	6.60%	6.60%	6.60%	6.50%	6.50%

Terms & condition

Ø The above rates are subject to change without notice.

Ø No additional interest will be paid to Senior citizen for deposits of Rs.2.00 Crore and above

Ø Premature closure penalty charges of 1% is applicable

All Foreign Exchange transactions are subject to rules, regulations & guidelines framed by RBI from time to time.

	TT	BILL	TC	TT	BILL	TC	DDSCQ
Forex Card Rates as on 17-01-2020 09:20	Selling			Buying
AED( UAE DIRHAM )	19.45	19.46	19.55	19.18	19.17	19.08	19.17
AUD( AUSTRALIAN DOLLAR )	49.26	49.27	50.13	48.67	48.67	47.79	48.65
CAD( CANADIAN DOLLARS )	54.81	54.82	55.58	54.16	54.18	53.26	54.15
CHF( SWISS FRANCS )	74.07	74.09	75.34	73.19	73.20	71.90
EUR( EURO CURRENCY )	79.57	79.58	80.24	78.62	78.63	78.06	78.60
GBP( GREAT BRITAIN POUNDS )	93.42	93.43	94.09	92.30	92.31	91.74	92.29
JPY( JAPANESE YEN )	64.88	64.89	65.83	64.10	64.11	63.14	64.09
SAR( SAUDI RIYAL )	19.03	19.06	19.18	18.86	18.89	19.03	18.89
SGD( SINGAPORE DOLLAR )	53.08	53.10	54.01	52.45	52.46	51.51	52.43
USD( UNITED STATES DOLLAR )	71.33	71.34	71.90	70.55	70.57	69.96	70.54

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.