Sib Prime My Family | South Indian Bank

SIB Prime My Family

Enjoy more with your loved ones through SIB Prime, My Family. Extend your exclusive priority banking benefits to your family, ensuring they too experience the finest privileges. From comprehensive insurance coverage to discounted locker rentals, every benefit is thoughtfully chosen to enhance your family’s banking experience. Create lasting memories together while enjoying the exceptional advantages of SIB Priority Banking.

Features of SIB Prime My Family Account

SIB Prime My Family Features & Benefits

Locker

50% waiver on annual locker rent to SIB Prime Platinum customers for one locker per group (primary holder).
25 % waiver on annual locker rent to SIB Prime customers for one locker per group (primary holder).

Forex

Better rates on exchange value#
Zero charges for Foreign Inward Remittance Certificate (FIRC)
100 % waiver on issuance fee for SIB Multi Currency Travel Card for SIB Prime Platinium customers

Discounts on Loan Pricing#

Discount on applicable rate offered to general customers(REPO linked Lending Rate).
Concession on processing fee for selected retail loans.

Demat & Trading Account**

Free Demat Account opening and No Demat AMC (Applicable for Prime Platinum customers). Free Trading Account.

Insurance Cover

SIB Suraksha Kavach Insurance# offering coverage up to Rs. 10,00,000/-, extended to all the members for SIB Prime Platinum Customers
Get Rs. 199/- cashback per member credited to the account (Premium per person including GST: Rs. 275/-)

Debit Card

Complimentary Lounge Access with RuPay Platinum Debit Card – 1 visit per year at participating Domestic Airport Lounges in India and 1 visit per year at participating International Airport Lounges outside India.
Avail up to 3X Reward Points on all purchase transactions.
Unlimited free usage at SIB and other-bank ATMs
No Issuance charges and AMC

Service Charge Waivers

Free and unlimited cheque books
Waiver on DD/PO charges
Waiver on RTGS/NEFT and inter-branch fund transfer charges
Waiver on stop payment charges
Waiver on SMS alert charges
Waiver on cheque collection charges
Waiver on duplicate statement charges
Waiver on minimum balance charges for grouped family accounts
Waiver on folio charges in Savings Accounts

**T&C apply

#New India Assurance’s Accident Insurance (SIB Suraksha Kavach) with a maximum cover of Rs. 10,00,000/-, including personal accidental death, hospitalization expenses.

## Waiver of charges as per the offer of partners from time to time.

The above benefits are available only for SB account holders, other than MasterCard Platinum Business Debit Card.

Prime My Family Eligibility

Eligibility for SIB Prime My Family

A minimum Average Quarterly Balance (AQB) of Rs. 2 Lakhs in Savings Account (Individual or *Group value).
AQB is measured as combined balance across account/s linked to your Customer ID or over the account/s of family members linked to your “Group”.

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Eligibility

Join our Priority Banking Program

Experience our exclusive priority banking with exclusive privileges

SIB Prime Platinum

A minimum Average Quarterly Balance (AQB) of Rs. 5 Lakhs in Savings Account (Individual or *Group value).
AQB is measured as combined balance across account/s linked to your Customer ID or over the account/s of family members linked to your “Group”.*
A minimum net monthly salary credit of Rs. 2 Lakh in Salary Account is required.

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SIB Prime

A minimum Average Quarterly Balance (AQB) of Rs. 2 Lakhs in Savings Account (Individual or *Group value).
AQB is measured as combined balance across account/s linked to your Customer ID or over the account/s of family members linked to your “Group”.*
A minimum net monthly salary credit of Rs. 1 Lakh in Salary Account is required.

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In order to extend the features and benefits under the program to family members and to compute eligibility based on Family Account Value, customers need to submit the duly filled Customer Enrolment/ Family Grouping Form to his/ her respective Branch or RM.

*Total Relationship Value (TRV): Average Quarterly Balance of Savings/Current Account along with 10% of Fixed Deposit. TRV is measured as combined balance across account/s linked to Customer ID or over the account/s of family members linked to the “Group”. SIB Prime My Family – up to 8 members can be grouped in a group.