South Indian Bank Ltd. Head Office T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India
Personal
Accounts & Deposits
SIB Connect
SIB Connect is a savings account designed exclusively for students, providing them with the convenience and tools to manage their finances seamlessly. With no minimum balance requirement and a range of benefits, this account simplifies fee payments and everyday transactions for students in educational institutions. It enables them to focus on their academic journey while learning the basics of financial management.
Discover from a Wide Range of Savings Accounts Tailored to Suit Your Specific Needs
This exclusive student account offers multiple benefits to experience hassle-free banking while you are in your academic years:
The eligibility criteria for opening the SIB Connect Savings Account are as follows:
To open an SIB Connect Savings Account, you must provide the following documents:
With SIB, you have two options to open the SIB Connect Savings Account effortlessly in just a few steps. Depending on your convenience you can choose the account opening mode.
The fees and charges for the SIB Connect Savings Account are not only attractive but also affordable. This combination makes it one of our most sought-after account types. Check the below details of the fees and charges.
Initial Funding
Nil
Average Balance Requirement
Debit card Issuance Charges
Nil*
Online NEFT Charges
Other Bank ATM Usage
Five transactions per month.
Get answers to your queries
Only students aged above 17 years from institutions that have a tie-up with South Indian Bank are eligible to open this account.
No, SIB Connect is a zero-balance account with no Average Monthly Balance (AMB) requirement.
Yes, the account can be used with all its existing privileges and freebies even after the course is completed.
The debit card's validity is tied to the course duration and will expire upon course completion.
Yes, you need to manually apply for a new debit card through a branch or the SIB Mirror+ app. The same variant (Visa Classic/Rupay Classic) will be issued without any issuance charges, though normal AMC charges will apply.
Yes, you can upgrade to a higher variant debit card, but applicable issuance and AMC charges will apply.
Yes, you can upgrade to a higher variant by submitting a consent letter to the nearest SIB branch. Upgraded accounts will follow the specified features and charges of the new variant.
No, once the account is upgraded, it cannot be downgraded to the student category.
The e-lock facility allows you to lock your account or set transaction limits for added security. It requires activation through the SIB Mirror+ app.
In case of application of normal debit card, the issuance charge is waived while AMC charges are applicable. Normal AMC charges will apply to additional or replacement cards. Issuance charges will apply for higher card variants. However, Co-branded smart cards are free from ATM Issuance charges & AMC charges.
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