Multidimensional Digital Accounts for Educational Institutions, Trusts, etc.

SIB TASC Account offers ‘the next-level digital banking solutions’ for institutional clients, hospitals, trusts, cooperative societies, NGOs, clubs, and charity organizations.

Advantages of SIB TASC accounts


Open a new bank account and avail dedicated personal service, to resolve all your banking queries. Your multidimensional TASC account comes with a unique premium experience including tailored banking services to meet your specific needs.


Experience ease of collection options with a multitude of simple and absolutely hassle-free collection solutions through SIB E academia, SIB fee-book, and SIB pay-gate.


Open a digital online account and avail the professional, cutting edge, branded fee collection portal especially designed for institutions with multiple plugged-in payment options.


Avail of the SIB Student card, a debit card that comes with a personalised photograph and institutional branding.


Our Hi-Hi banking enables bulk payments, Corporate SIBerNet & SIB Mirror+ ensures 24X7 banking facility.


Especially for the employees of various corporate / institutions with multiple advantages and benefits make it stand head and shoulders above any regular savings account with multiple variants.

Types of SIB TASC accounts

  • Our Savings Bank account offers the latest technology-forward features for your ease of use.
  • We offer a differential rate of interest (subject to T&C) for existing and new bank account holders.
  • Integrated collections solutions are available, tailor-made to specific needs. 
  • Customers can avail at par DD / RTGS/ NEFT facilities (subject to T&C).

  • Bulk transfer of funds can be made through interbank transfer systems like NEFT and RTGS.
  • (VAN + API) ensures inward remittances of accounts on a real-time basis.
  • Avail DD / RTGS/ NEFT facilities (subject to T&C).
  • Tailor-made digital collection and payment solutions with customized MIS and reconciliation reports.

  • Amended Foreign Contribution Regulation Act, 2010, allows FCRA registration holders to open & operate the Designated FCRA Account with SBI, New Delhi Main Branch.
  • ANOTHER FCRA  Account –  such holders can either retain their erstwhile designated FCRA account (prior to Amendment to Act) held with South Indian Bank as Another FCRA Account or open another FCRA account  with South Indian Bank   to transfer the contribution amount from their FCRA account with SBI, New Delhi Main Branch
  • FCRA UTILISATION Account –  FCRA Registration  holders can also open and operate FCRA utilization account with South Indian Bank
  • Existing FCRA account with SIB after linking the same with the FCRA account with SBI, New Delhi Main branch can be converted to FCRA utilisation /another FCRA account (T&C ).
  • Debit Card facility is available in these 2 variants subject to restrictions

  • SIB Institutional Account tailor-made to suit the specific needs of Institutions such as Trusts/Associations/Societies/Clubs, Hospitals, Educational Institutions, Co-operative Societies, Govt. Organisations with no minimum balance commitment.
  • SIB Institutional Account is designed exclusively to cater the Institutional segment providing customisable easy payment and collection options.



Customisable Fee collection portal for the institution

  • Admin Portal for Complete access.
  • The institution has complete access to add/modify the data

Compiled solution to remit fees Offline and Online.

  • In-house tailor-made fee collection portal for institutions
  • Fee data handled by the bank
  • Comprehensive real-time reports updated for institutions via state-of-the-art dashboards
  • Daily email reports sent to institutions
  • Detailed account statements along with structured student details
  • Customizable according to the requirement
  • Facility to add fine and capture defaulters list and concessions
  • Fast and easy reconciliation

Easily digitize your collections with effortless SIB internet payment options


Bharat Bill Pay App or BBPS simplifies the complexity of fees and multiple bill payments by becoming your one-stop solution. You can access these services through various convenient digital channels like internet banking, mobile banking apps, and fintech apps


Comprehensive digital collections, allowing institutions to collect payments instantly through a dedicated web portal and mobile application.


A Virtual Account Number or a VAN is a system-generated exclusive account number that makes fund transfer more structured whether one transfers to a new bank account or an existing one. The latest APIs are available for reconciliation in real-time.


Dr. Fr. Abraham V M
Vice Chancellor, Christ (Deemed to be University)

“The smart card facility offered by South lndian Bank has changed our conventional counter payment system to payments with a simple tap by their specially designed debit cards; which gives a more digital face to our institution. The dual interface card is being used as a student access card and also for their multiple financial needs.”

Fr. (Dr.) Stephen Mavely
Vice Chancellor, Assam Don Bosco University

“It is a pleasure to put down a few lines in appreciation of services that South Indian Bank (both Ambari and Dispur branches) have been rendering to our society and university since 2008.

SIB has been providing us with outstanding banking services in every way - and that too with consistency and a friendly approach, always giving prompt attention to our banking needs.

The ATM machine at our Tapesia Campus has been a useful service, very much appreciated by all on campus. We do look forward to having one such ATM also at our Azara Campus to benefit over 2000 faculty and students of the School of Technology and School of Commerce and Management.”

Adv. K. Ananthagopan
President, Travancore Devaswom Board

 “Travancore Devaswom Board has been banking with South Indian Bank, since 2011. As a part of go digital at Sabarimala, South Indian Bank has come out with suitable digital solutions for collecting donations towards ‘annadhanam’ and ‘kanika’ initiatives which is first of its kind in Sannidhanam. These collection solutions are perfectly customer friendly and convenient to our devotees”
Overall, it’s a wonderful experience banking with South Indian Bank.

Fr. Dr. Binu Kunnath
Director, Caritas Hosiptal, Kottayam

“We have been banking with South Indian Bank Ltd since 1976. SIB has a tremendous dedicated team of professionals who are ready for any banking services at our doorstep. Digital tools like Sibernet, SIB Feebook and SIB Mirror+, Point of Sale devices, etc. are extremely good and useful. In total, we are experiencing next-generation banking through South Indian Bank.”

Fr. Arokiya Dass V , SJ
Chief Finance Officer-XIM University

The banking relationship with the South Indian Bank started in 2014 when the university was in quest of a bank who can provide the essential services at the onset of our Foundation Stone. The South Indian bank remained with us in all the way in grooming from stone to empire and now became one of the prestigious universities in the country, without such a banking partner such achievement would have been very difficult.