See the Latest FD & Savings rates from South Indian Bank.

South Indian Bank offers a variety of deposit options to both non-seniors and seniors looking for short- and long-term fixed-return investments. Customers with varying eligibility criteria and personal financial needs can choose from a variety of deposit schemes, including the SIB Flexi Smart Deposit, Kalpaka Nidhi Scheme, SIB Flexi Deposit, SIB Tax Gain 2006, Fast Cash Deposit, Fixed Deposits, Recurring Deposits, FD Vantage, SIB Care, and SIB Maximo-Non Collable Deposits. The bank adjusted its interest rates on term deposits and savings accounts in October, as we'll see below.

Bank FD Rates in South Indian Bank for Regular Customers

The bank changed its fixed deposit interest rates on October 8, 2021, and as a result of the most recent update, South Indian Bank now offers the highest interest rate of 5.65 percent to the general public on deposits of less than Rs 2 crore with a five-year maturity. The following are the most recent fixed deposit interest rates for the general public:

Senior Citizen FD Rates in South Indian Banks

Senior citizens will continue to receive a 0.50 percent bonus on all deposits, regardless of tenure. Senior citizens will now receive the highest return of 6.15 percent on deposits of less than Rs 2 crore maturing in 5 years.

Interest Rates on Savings Accounts in South Indian Banks

South Indian Bank has also recently changed its savings account interest rates, which will take effect on October 21, 2021. As a result of the most recent modification, South Indian Bank now offers the following interest rates on all savings accounts, including NRO/NRE accounts.