South Indian Bank Ltd. Head Office T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India
Personal
Accounts & Deposits
SIB Ruby
South Indian Bank’s Ruby Savings Account is crafted for customers seeking a perfect blend of investment and insurance solutions. With its unmatched benefits, top-notch insurance schemes, and ease of access, this account caters to all your financial aspirations.
Discover from a Wide Range of Savings Accounts Tailored to Suit Your Specific Needs
Experience unparalleled privileges with SIB Ruby Account:
You must meet the following eligibility requirements to open the SIB Ruby Savings Account:
You need to provide the following documents to open the SIB Ruby Savings Account:
Open your SIB Ruby Savings Account effortlessly through the following modes:
Offline Mode:
Online Mode:
Charges related to SIB Ruby Savings Account are as below.
Initial Funding
Rs. 25,000/-
Average Balance Requirement
Debit Card Issuance Charges
Nil
Online NEFT Charges
Get answers to your queries
SIB RUBY is a savings account designed to meet customers' investment and insurance needs. Individuals aged 18 years and above are eligible to open this account.
The minimum balance required for the SIB RUBY account is just Rs.25,000/-.
For balances below Rs.3,00,000/-, the prevailing savings account interest rates apply. For balances above Rs.3,00,000/-, the amount will be converted into a Flexi Fixed Deposit in multiples of Rs.10,000/- with a maximum holding period of 92 days, at the prevailing interest rate for 92 days.
The maximum amount that can be converted into a sweep-out deposit is Rs.10,00,000/- per account at any point in time.
SIB RUBY includes the following insurance coverage:
The total premium is Rs.275, with Rs.199 borne by the bank, and Rs.76 charged to the customer.
SIB RUBY customers are issued one of the following debit cards without any issuance charges:
Mastercard World is also available upon request, with applicable fees.
Yes, SIB RUBY customers enjoy free and unlimited ATM withdrawals across all bank ATMs.
SIB RUBY customers receive a 25% concession on processing fees for various loans, including housing loans, vehicle loans, personal loans, educational loans, ODAP, LAP, and rental and mini rental loans. The maximum concession limit is Rs.2,500.
Yes, SIB RUBY customers receive a 25% waiver on the first-year rent for small and medium lockers, up to a maximum of Rs.500.
If the required AMB is not maintained, normal charges will apply, and customers may lose access to certain waivers and benefits associated with the account. Sign up today and experience premium banking with SIB Ruby Savings Account!
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