South Indian Bank introduces flexible savings accounts for NRIs

Published on April 20, 2023
Current Context: 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.
South Indian Bank introduces flexible savings accounts for NRIs
  • SIB SEAFARER is a special savings account for non-resident Indians (NRIs) who are working as sea farers or mariners. It has some attractive features such as:
    • 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
    • Free International Debit card and internet banking services
    • Airport lounge access with International debit card
    • 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.

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