How to find the best rates for South Indian Bank
One of the early banks in south India, South Indian Bank came into existence during the Swadeshi movement. The bank was the results when few entrepreneurs joined together at Thrissur, a major city in Kerala.
With branches all over India and a clientele across the world, the South Indian Bank provides world class service and is manned by tech-savvy professionals. It provides both cumulative and non-cumulative fixed deposits with attractive interest rates.
You can check the latest interest rates from South Indian Bank in the table given above. Fixed deposit rates are highly dynamic figures that tend to change according to the market or company policies. As such, you should be sure you have the latest rates before applying for a fixed deposit account.
South Indian Bank short term FD rates
South Indian Bank offers FDs with interest rate varying from 4% to 9.25% for fixed deposits. For the minimum FD tenor of 15 to 45 days, the bank offers 4% interest. For the next slab of 46 to 90 days and from 91 to 180 days respectively, the interest rate goes up by 3% to 7 %.
For a tenor of 181 days to less than 1 year, the bank offers 8.25%.
South Indian Bank medium and long term FD rates
For 1 year and above but less than 15 months and above 15 months but less than 3 years, the rate jumps by 0.55% to 8.8%. For the 15-month SIB deposits and for deposits above 3 years but below 10 years, the interest rates are 9% and 8.75% respectively. South Indian Bank also provides tax saver deposits at 8.75%.
South Indian Bank Senior Citizen FD rates
South Indian Bank provides 0.50% more interest to senior citizens over 60. However, this benefit is only available to resident senior citizens.
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