South Indian Bank introduces flexible savings accounts for NRIs
South Indian Bank has launched flexible saving products for NRI customers dubbed as SIB SEAFARER and SIB PULSE for mariners and healthcare professionals are just the instances for the same.With these products, NRIs can now take advantage of the freedom to either keep deposits or the required minimum amount in their savings accounts, stated a press release issued by South Indian Bank.
Features of SEAFARER
· Flexibility to maintain a minimum balance of Rs.10,000/- in linked accounts (eligible for the latest 2 NR Accounts opened)
· No minimum balance required for the maintenance of the NRI Term Deposit of Rs.2,00,000/- and above
· Experience best in class digital banking through Mirror+ and SiBerNet.
· UPI payment facility available
· Airport lounge access with International debit card available
· Priority banking facility available for you and your family
· Special rates for inward remittances*
Features of SBI PULSE
· Flexibility to maintain a minimum balance of Rs.10,000/- in linked accounts (eligible for the latest 2 NR Accounts opened)
· NR Term Deposit above Rs.2 Lakh or • RD with minimum monthly instalment above Rs.20,000/-
· Get 1000 SIB REWARD points on opening the NRE/ NRO account together
· Preference for 25% waiver on processing fees for Home Loans and Vehicle Loans.
· Priority banking facility available for you and your family
· UPI payment facility available
· Airport lounge access with International debit card.
SIB savings account interest rate w.e.f 20th November 2022
End of the day BalanceRate of InterestUp to and including Rs 2.00 lakh2.50% per annumAbove Rs. 2.00 lakh - less than Rs. 5.00 crore2.75% per annumRs. 5.00 crore - less than Rs. 25.00 crore4.50% per annumRs. 25.00 crore - less than Rs. 50.00 crore4.20% per annumRs. 50.00 crore and above6.00% per annum
SIB NRO FD rates
PeriodSingle Deposit less than Rs.2 crore GeneralSenior Citizens*7 days to 30 days2.65%3.15%31 days to 90 days3.25%3.75%91 days to 99 days4.25%4.75%100 days6.00%6.50%101 days to 180 days4.50%5.00%181 days to less than 1 year5.00%5.50%1 year6.60%7.10%1 year 1 day7.00%7.50%1 year 2 days to 499 days6.50%7.00%500 days (SIB 94 Plus)7.40%7.40%501 days to less than 30 months6.50%7.00%30 months7.00%7.25%Above 30 months to less than 5 years6.50%7.00%5 years to less than 66 months6.00%6.50%66 months (Green deposit)6.50%7.00%Above 66 months to upto and including 10 years6.00%6.50%Tax Gain ( 5 Years )6.00%6.50%
SIB NRE FD rates
PeriodSingle Deposit less than Rs.2 crore1 year6.60%p.a1 year 1 day 7.00%p.a1 year 2 days to 499 days6.50%p.a500 days (SIB 94 Plus)7.40%p.a501 days to less than 30 Months6.50%p.a30 Months7.00%p.aAbove 30 months to less than 5 years6.50%p.a5 years to less than 66 months6.00%p.a66 months (Green deposit)6.50%p.aAbove 66 months to upto and including 10 years6.00%p.a
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This story originally appeared on: India Times - Author:Faqs of Insurances
