Centralized Direct Debit Services

With the Centralized Direct Debit Services offered by South Indian Bank, our customers can make regular payments, monthly/quarterly/half yearly to Mutual Fund SIP Investments/Loan EMIs (Vehicle/Equipment Loans)/Insurance premium etc. The payment can be made by directly debiting their account and thereby making their payments to various billers/institutions.

This facility will be made available to all our customers irrespective of their branches being located in ECS/non-ECS locations. Hence, through this direct debit arrangement our customers need not submit post dated cheques every time for making their payments in mutual funds/insurance premiums.

Customers can collect the mandate forms of various mutual fund companies from any of the SIB branches and the mandate forms for paying the insurance premiums from the respective insurance companies. The duly filled mandate forms for mutual funds can be submitted to any of our SIB branches and the mandate forms for insurance needs to be submitted to the respective agencies/companies by the customer.

Our customers can now enjoy a much faster and easier payment mode of Mutual Funds/ Loan EMIs (Vehicle/Equipment Loans)/ Insurance Premium payments through this Direct Debit arrangement.

For further details contact Collection Management Cell:
Email Id: [email protected]
Ph: 0484-2384503

Contact Address:

The South Indian Bank Ltd
Strategic Alliances & Digital Business Department (Digital Products-Direct Debit Service)
Administrative Block-II, 7th Floor, North Zone
Rajagiri Valley, Kakkanad, Kerala-682039
Mail: [email protected]

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