With a mission to impart ‘Savings Habit’ among students South Indian Bank has come up with this product named ‘SIB JUNIOR ’. This product is an SB account exclusively for students.

• Students having completed 12 years of age with an upper age limit of 23 years are eligible to open a SB account with any of our branches. Introduction from the Principal / Head Master / HOD & Photo Identity Card are sufficient for opening such an account. Usual introduction is acceptable. 
• SB account may be opened at least with a minimum cash remittance of Rs.10/-. However, a minimum balance of the a/c is Rs 150/-, has to be maintained within a period of 3 months. 
• Free cheque books can be issued and free Internet based fund transfer may be allowed when the account holder attains the age of majority (18 years) and also by keeping a quarterly average balance of Rs.1000/-. Penalty for non maintenance of minimum balance will be applicable in such accounts (Rs.250/- + ST per quarter as on date). 
• Free ATM cum Global Debit Card: ATM cum Global Debit Card will be issued free of cost. 
• Parents can open an ABB account with any of our Branches for easy fund transfer. 
• Free fund transfer will be permitted from Parents Account to SIB Junior Account. 
• Bank may consider Education Loans to eligible students.
  
  

You may contact the nearest branch for more details.

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