Interest Rates | South Indian Bank

Interest rate on Domestic Term Deposits w.e.f 14th May 2026

Period	Single Deposit less than Rs.3 crore
	General	Senior Citizens*
7 days to 30 days	2.90%	3.40%
31 days to 90 days	3.50%	4.00%
91 days to 99 days	4.50%	5.00%
100 daysto 180 days	4.80%	5.30%
181 days to 270 days	5.50%	6.00%
271 days to less than 1 year	5.90%	6.40%
1 year	6.25%	6.75%
Above 1 year to 371 days	5.85%	6.35%
372 days	6.40%	6.90%
373 days to less than 18 months	6.05%	6.55%
18 months	6.60%	7.10%
Above 18 months to less than 30 months	5.85%	6.35%
30 months	6.80%	7.30%
Above 30 months to less than 5 years	6.20%	6.70%
5 years to less than 66 months	5.70%	6.20%
66 months (Green deposit)	6.00%	6.50%
Above 66 months to upto and including 10 years	5.70%	6.20%
Tax Gain ( 5 Years )	5.70%	6.20%

* Special rates for Senior Citizens, applicable only to Residents individually or jointly with another resident citizen.

Penalty is applicable for premature withdrawal and reinvestment of Retail Rupee Term Deposits (including Recurring Deposits) at the rate of 0.50% for deposit amounts below Rs. 15 lakhs and 1% for deposit amounts of Rs. 15 lakhs and above for deposits opened/renewed up to 31^st May 2022.
Effective from 1^st June 2022 , premature closure penalty is applicable for premature withdrawal and reinvestment of Retail Rupee Term Deposits (including NRE & Recurring Deposits) at the rate of 0.50% (for all tenors) for deposit amounts below Rs. 5 lakhs and 1% (for all tenors) for deposit amounts of Rs. 5 lakhs and above.
Effective from 26^th March 2026, premature closure penalty is applicable for premature withdrawal and reinvestment of Retail Rupee Term Deposits (including NRE & Recurring Deposits) at the rate of 1% for all tenors and for all deposit amounts. The change in penalty is applicable for all term deposits opened /renewed w.e.f. 26^th March 2026.

The effective rate will be the net of applicable rate to the amount and period for which the deposit remained with the bank (less the penal rate) or the net of original contracted rate (less penal rate) whichever is less.

Interest rate on Savings Accounts w.e.f 21st April 2026

End of the day Balance	Rate of Interest
Less than Rs. 1 crore	2.25% per annum
Rs. 1.00 crore - less than Rs. 5.00 crore	2.50% per annum
Rs. 5.00 crore - less than Rs. 25.00 crore	4.50% per annum
Rs. 25.00 crore and above	6.00% per annum

Interest rate on NRE Term Deposits with effect from 14th May 2026

Period	Single Deposit less than Rs.3 crore
1 year	6.25%
Above 1 year to 371 days	5.85%
372 days	6.40%
373 days to less than 18 months	6.05%
18 months	6.60%
Above 18 months to less than 30 months	5.85%
30 months	6.80%
Above 30 months to less than 5 years	6.20%
5 years to less than 66 months	5.70%
66 months (Green deposit)	6.00%
Above 66 months to upto and including 10 years	5.70%

The revised rates will apply only to fresh deposits and on renewal of maturing deposits.

No interest will be paid if closed within one year.

No additional interest will be paid for Senior Citizens under NRE Term deposit schemes.

Penalty is applicable for premature withdrawal and reinvestment of Retail Rupee Term Deposits (including Recurring Deposits) at the rate of 0.50% for deposit amounts below Rs. 15 lakhs and 1% for deposit amounts of Rs. 15 lakhs and above for deposits opened/renewed up to 31^st May 2022.
Effective from 1^st June 2022 , premature closure penalty is applicable for premature withdrawal and reinvestment of Retail Rupee Term Deposits (including NRE & Recurring Deposits) at the rate of 0.50% (for all tenors) for deposit amounts below Rs. 5 lakhs and 1% (for all tenors) for deposit amounts of Rs. 5 lakhs and above.
Effective from 26^th March 2026, premature closure penalty is applicable for premature withdrawal and reinvestment of Retail Rupee Term Deposits (including NRE & Recurring Deposits) at the rate of 1% for all tenors and for all deposit amounts. The change in penalty is applicable for all term deposits opened /renewed w.e.f. 26^th March 2026

Interest rate on Retail Non Callable Domestic/NRO/NRE Term Deposits w.e.f 16th May 2026

Period	Single Deposit above Rs.1 crore and less than Rs.3 crore
	General	Resident Senior Citizens
1 year	6.45%	6.45%
30 months	7.00%	7.00%

Interest rate per annum on FCNR(B) Deposits with effect from 05th June 2026

Maturity period/Currency	USD		GBP	EUR	AUD	CHF	JPY	CAD
Amount	Up to & including 5L	Above 5L
1 year to less than 2 years	4.10%	4.50%	4.00%	3.00%	4.20%	0.05%	0.20%	3.50%
2 years to less than 3 years	4.25%	4.25%	3.75%	2.00%	3.50%	0.00%	0.20%	3.50%
3 years to less than 4 years	4.00%	4.00%	2.45%	1.00%	3.00%	0.00%	0.05%	3.15%
4 years to less than 5 years	3.75%	3.75%	2.45%	1.00%	3.20%	NA	0.05%	3.20%
5 years	3.90%	3.90%	2.45%	1.00%	3.45%	NA	0.05%	3.25%

There is no pre closure penalty for FCNR(B) deposits.
No interest will be paid if closed within one year.

Interest rate per annum on RFC Deposits with effect from 05th June 2026

Maturity period/Currency	USD		GBP	EUR	AUD	CHF	JPY
Amount	Up to & including 5L	Above 5L
1 year to less than 2 years	4.10%	4.50%	4.00%	3.00%	4.20%	0.05%	0.20%
2 years to less than 3 years	4.25%	4.25%	3.75%	2.00%	3.50%	0.00%	0.20%
3 years	4.00%	4.00%	2.45%	1.00%	3.00%	0.00%	0.05%

	USD	GBP	EURO	AUD	CHF	JPY
Savings Bank A/c ( w.e.f 24.02.2021)	0.50%	0.50%	0.50%	-	-	-

Effective annualized rate of return for the Kalpakanidhi* (KND- Quarterly Compounding) deposits

Annualized Rate of Return at minimum quarterly multiple of the maturity bucket for Kalpakanidhi* (KND - Quarterly Compounding) Domestic Deposits (Also Applicable for NRO KND Deposits)
(For Single deposits of less than Rs.3 crore)
Period	General		Senior Citizen
Period	ROI	Annualized Yield	ROI	Annualized Yield
6 months	4.80%	4.83%	5.30%	5.34%
1 year	6.25%	6.40%	6.75%	6.92%
18 months	6.60%	6.88%	7.10%	7.42%
2 years	5.85%	6.16%	6.35%	6.71%
30 months	6.80%	7.34%	7.30%	7.93%
3 years	6.20%	6.76%	6.70%	7.35%
4 years	6.20%	6.98%	6.70%	7.61%
5 years	5.70%	6.54%	6.20%	7.20%
66 months	6.00%	7.05%	6.50%	7.74%
6 years	5.70%	6.74%	6.20%	7.44%
7 years	5.70%	6.94%	6.20%	7.69%
8 years	5.70%	7.16%	6.20%	7.95%
9 years	5.70%	7.38%	6.20%	8.22%
10 years	5.70%	7.61%	6.20%	8.50%

Annualized Rate of Return at minimum quarterly multiple of the maturity bucket for NRE KND* Deposits
Period	ROI		Annualized Yield
1 year	6.25%		6.40%
18 months	6.60%		6.88%
2 year	5.85%		6.16%
30 months	6.80%		7.34%
3 year	6.20%		6.76%
4 year	6.20%		6.98%
5 year	5.70%		6.54%
66 months	6.00%		7.05%
6 year	5.70%		6.74%
7 year	5.70%		6.94%
8 year	5.70%		7.16%
9 year	5.70%		7.38%
10 year	5.70%		7.61%

* Special rates for Senior Citizens, applicable only to Residents individually or jointly with another resident citizen.

External Benchmark based Lending Rate (EBLR)

Applicable Repo Rate for all floating rate loans linked to External Benchmark (Repo) rate is revised to 5.25% w.e.f 06th December 2025

Marginal Cost of funds based Lending Rate (MCLR) for different tenors

MCLRs effective from 20th May 2026, please click here

Base Rate

Base Rate (BR) 9.75% (w.e.f 20th September 2020)

Benchmark Prime Lending Rate

Benchmark Prime Lending Rate (BPLR) 15.00% (w.e.f 11.11.2015)

Interest rates of schematic loans linked to REPO

Floating Rate – Fixed Rate of Schematic loans linked to REPO rate

Sl No:	PRODUCT	Category	Interest rate
1	HOME LOAN	HOUSING LOAN	Repo Rate + 1.95% (presently 7.20%) onwards.
1	HOME LOAN	AFFORDABLE HOUSING LOAN	Repo Rate + 4.00% (presently 9.50%) onwards
2	GOLD LOAN	GOLD POWER- OD other than re-pledge - Floating Rate. Applicable for Retail & MSME category loans	Repo Rate + 9.05% (presently 14.55%) onwards
		GOLD LOAN PERSONAL (OD) – Floating Rate	Repo Rate + 9.05% (presently 14.55%) onwards
		GOLD MAX/ GOLD MAX AGRI SCHEMES – Fixed rate	6 months MCLR +0.45 (presently 10.05%) onwards
3	CAR LOAN	SIB CAR LOAN (NEW CAR) - Fixed Rate	Repo Rate + 3.30% (presently 8.80%) onwards
3	CAR LOAN	SIB CAR LOAN (USED CAR) – Fixed Rate	Repo Rate + 5.30% (presently 10.80%) onwards
4	COMMERCIAL VEHICLE/CONSTRUCTION EQUIPMENT LOAN	SIB CE PLUS – Fixed Rate	Repo rate + 4% (presently 9.50%) onwards**
		SIB CV PLUS – Fixed Rate	Repo rate + 4% (presently 9.50%) onwards**
		SIB CAPTIVE PLUS – Fixed Rate	Repo rate + 4% (presently 9.50%) onwards**
		SIB MOBILOAN COMMERCIAL – Floating Rate	Repo rate + Op. Cost + 6% (presently 14.35%) onwards**
5	PERSONAL LOAN	SIB PERSONAL LOAN SCHEME- Fixed Rate	Repo Rate + 4.74% (presently 9.99%) onwards
6	EDUCATION LOAN	SIB VITJNAN PRADHAN SCHEME (VPS) - Floating rate	REPO rate + 4.85 % (presently 10.35%) onwards
		SIB EXCELLENCE – Floating Rate	Repo Rate + 4.60 % (presently 10.10%) onwards
		EDUSUM – Floating Rate	Repo Rate + 10.75 % (presently 16.25%) onwards
7	GLOBAL EDUCATION	SIB GLOBAL EDUCATION – Floating Rate	Repo Rate + 4.74 (Presently 9.99%) onwards
8	BILLS	VENDOR FINANCE - Floating Rate	91D T-Bill+3.64% to 91D T-Bill+4.64%
		VENDOR FINANCE PLUS - Floating Rate	91D T-Bill + 4.14% to 91D T-Bill + 5.14%
		DEALER FINANCE - Floating Rate	91D T-Bill+3.64% to 91D T-Bill+4.64%
		SIB CORPORATE BILL DISCOUNTING - Floating Rate	91D T-Bill+2.64% to 91D T-Bill+3.89%
9	MSME LOANS	SIB MINI RENTAL SCHEME - Floating Rate	Repo Rate+ 3.86% (presently 9.36%) onwards
		SIB RENTAL- Floating Rate	Repo Rate+ 3.86% (presently 9.36%) onwards
		SIB LOAN FOR PURCHASING COMMERCIAL PROPERTY- Floating Rate	Repo Rate+ 3.86% (presently 9.36%) onwards
		SME COMPOSITE LOAN (Files not processed under SMILE)	Repo Rate+6.45% (presently 11.95%) onwards
		SME COMPOSITE LOAN (SMILE)	Repo Rate+5.60% (presently 11.10%) onwards
		SIB LAP POWER	Repo Rate+ 3.86% (presently 9.36%) onwards
		SIB UDAY	Repo Rate + 7.05% (presently 12.55%) onwards
		SMALL BUSINESS LOAN	Repo Rate + 5.15% (presently 10.65%) onwards
		SIB GST POWER BUSINESS LOAN	Repo Rate + 3.86% (presently 9.36% ) onwards
10	LOAN AGAINST SECURITIES	LOAN AGAINST MUTUAL FUND	Repo rate + 4.74% (presently 9.99% onwards)**
10	LOAN AGAINST SECURITIES	LOAN AGAINST SHARES	Repo rate + 4.86% (presently 10.11% onwards)**
11	AGRI	FARM GATE PROCESSORS - Non-Individuals	Repo rate + 4.31% (presently 9.56% onwards)

*Fixed rate option also available
**T&C apply

Interest rates of schematic loans linked to MCLR

Schematic Loans linked to MCLR

Fixed Rate

Sl No:	Category	Interest rate
1	Gold Loan Scheme (Personal)	1 Year MCLR + 0.45% or 3 Month MCLR + 0.85%
2	Micro Gold	Year MCLR + 2.65% to 1 Year MCLR + 3.15%
3	Gold Loan Agri	1 Year MCLR + 0.30% to 1 Year MCLR + 1.65% or 6 Month MCLR + 0.50%
4	SIB Business Loan	1 Year MCLR + 4.20% to 1 Year MCLR + 8.20%
5	Kisan Credit Card (Interest Subvention)	7.00 %

Floating Rate

Sl No:	Category	Interest rate
1	Gold Power	1 Year MCLR + 3.90%
2	SIB Rental	1 Year MCLR + 2.50% or 1 Year MCLR + 2.75%
3	SIB Pharma Plus	1 year MCLR + 0.80% to 1 year MCLR + 3.05%
4	Trader's Overdraft	1 Year MCLR + 1.00% to 1 Year MCLR + 2.75%
5	Mortgage Loan	1 Year MCLR +1.25% to 1 Year MCLR +2.75%
6	SIB Loan For Purchasing Commercial Property	1 Year MCLR + 2.00% or 1 Year MCLR + 2.25%
7	SIB GST Business Loan (for non MSME/Agri-ancillary manufacturing units)	1 Year MCLR + 0.50% to 1 Year MCLR + 2.75%
8	SIB Mini Rental Scheme	1 Year MCLR + 2.50% or 1 Year MCLR + 2.75%
9	Kisan Credit Card - General	1 Year MCLR+1.50% to 1 Year MCLR+2.00%
9	Kisan Credit Card - ULI	1 Year MCLR+1.50%
10	Agriculture Term Loan - General	1 Year MCLR+1.50% to 1 Year MCLR+2.00%
10	Agriculture Term Loan - SMF	1 Year MCLR+0.50%
11	Finance Against Warehouse Receipts/ eNWR - Farmer	1 Year MCLR+0.50%
	Finance Against Warehouse Receipts/ eNWR - Agro/ Food Processing Units	1 Year MCLR+1.25% to 1 Year MCLR+2.75%
12	Farm Mechanization Scheme	1 Year MCLR+1.50% to 1 Year MCLR+2.75%
13	Farm Gate Processors - Individuals	1 Year MCLR + 1.05% to 1 Year MCLR + 2.80%
14	Finance Scheme for Harvesting and Transport	1 Year MCLR

*Fixed rate option also available

Interest Rate Range and Mean Interest Rate

Interest Rate Range of contracted loans for the past quarter (Jan - Mar 2026) for different categories of advances granted to individual borrowers:
Category	Mean Interest	Interest rate range*
Agri Loan	9.32%	8.20% - 11.95%
Car Loan	8.48%	8.20% - 15.35%
Education Loan	10.02%	8.99% - 12.13%
Gold loan (Agri)	10.03%	9.20% - 11.60%
Gold Loan (General)	9.99%	9.50% - 14.85%
Gold Power and Gold Power Repledge	10.21%	9.45% - 13.65%
Mobi Loan Commercial	10.30%	9.55% - 11.05%
Mortgage Loan	9.35%	7.10% - 13.15%
Personal Loan	16.83%	9.69% - 20.85%
SIB Home Loan	8.24%	7.20% - 13.33%
SIB Rental and Mini Rental Scheme	8.58%	7.10% - 9.75%
Loan Against Securities	10.10%	9.99% - 10.50%
Loan Against Mutual Fund	10.10%	9.99% - 10.50%

*Minimum & Maximum rate of interest is charged as per past quarter

Annual Percentage Rate

Interest rates for Resident Term Deposits of Rs.3 Crore and above w.e.f 07-06-2026

Tenor	Rs. 3.00 Cr to less than Rs. 5.00 Cr	Rs. 5.00 Cr to less than Rs. 10.00 Cr	Rs. 10.00 Cr to less than Rs. 25.00 Cr	Rs. 25 Cr to less than Rs. 50.00 Cr	Rs. 50.00 Cr to less than Rs. 100 cr	Rs. 100 cr to less than Rs. 200 cr	Rs. 200 cr and above
7-14 Days	3.25%	3.25%	3.25%	5.00%	5.00%	5.00%	5.00%
15-30Days	3.25%	3.25%	5.00%	5.25%	5.25%	5.25%	5.25%
31-60 Days	5.25%	5.25%	5.75%	5.75%	5.75%	5.75%	5.75%
61- 90 Days	5.50%	5.50%	5.75%	5.75%	5.75%	5.75%	5.75%
91-180 Days	5.90%	6.00%	6.00%	5.90%	5.90%	5.90%	5.90%
181 days to 270 days	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%
271 days to 365 days	6.50%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%
366 Days to 389 Days	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%
390 Days	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%
Above 390 Days to up to and including 2 Years	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%
Above 2 Years to up to and less than 3 Years	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%
3 Years	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%
Above 3 Years to less than 5 Years	5.60%	5.60%	5.60%	5.60%	5.60%	5.60%	5.60%
5 Years	5.80%	5.80%	5.80%	5.80%	5.80%	5.80%	5.80%
Above 5 Years to up to and including 10 Years	5.80%	5.80%	5.80%	5.80%	5.80%	5.80%	5.80%

Terms & condition

The above rates are subject to change without notice.
No additional interest will be paid to Senior citizen for deposits of Rs.3.00 Crore and above
Premature closure penalty charges of 1% is applicable

Interest rates for NRE Term Deposits of Rs. 3 Crore and above w.e.f 07-06-2026

Tenor	Rs. 3.00 Cr to less than Rs. 5.00 Cr	Rs. 5.00 Cr to less than Rs. 10.00 Cr	Rs. 10.00 Cr to less than Rs. 25.00 Cr	Rs. 25 Cr to less than Rs. 50.00 Cr	Rs. 50.00 Cr to less than Rs. 100 cr	Rs. 100 cr to less than Rs. 200 cr	Rs. 200 cr and above
366 Days to 389 Days	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%
390 Days	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%
Above 390 Days to up to and including 2 Years	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%
Above 2 Years to up to and less than 3 Years	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%
3 Years	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%
Above 3 Years to less than 5 Years	5.60%	5.60%	5.60%	5.60%	5.60%	5.60%	5.60%
5 Years	5.80%	5.80%	5.80%	5.80%	5.80%	5.80%	5.80%
Above 5 Years to up to and including 10 Years	5.80%	5.80%	5.80%	5.80%	5.80%	5.80%	5.80%

Terms & condition

The above rates are subject to change without notice.
No additional interest will be paid to Senior citizen for deposits of Rs. 3.00 Crore and above
Premature closure penalty charges of 1% is applicable

Interest rates for Resident Term Deposits (Non-Callable) of Rs.3 Crore and above w.e.f 07-06-2026

Tenor	Rs. 3.00 Cr to less than Rs. 5.00 Cr	Rs. 5.00 Cr to less than Rs. 10.00 Cr	Rs. 10.00 Cr to less than Rs. 25.00 Cr	Rs. 25 Cr to less than Rs. 50.00 Cr	Rs. 50.00 Cr to less than Rs. 100 cr	Rs. 100 cr to less than Rs. 200 cr	Rs. 200 cr and above
91-180 Days	5.90%	6.00%	6.00%	5.90%	5.90%	5.90%	5.90%
181 days to 270 days	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%
271 days to 365 days	6.50%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%
366 Days to 389 Days	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%
390 Days	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%
Above 390 Days to up to and including 2 Years	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%
Above 2 Years to up to and less than 3 Years	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%
3 Years	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%
Above 3 Years to less than 5 Years	5.70%	5.70%	5.70%	5.70%	5.70%	5.70%	5.70%
5 Years	5.90%	5.90%	5.90%	5.90%	5.90%	5.90%	5.90%

Terms & condition

The above rates are subject to change without notice.
No additional interest will be paid to Senior citizen for deposits of Rs. 3.00 Crore and above
Premature withdrawal of this deposit is not allowed till maturity.

Interest rates for NRE Term Deposits (Non Callable) of Rs.3 Crore and above w.e.f 07-06-2026

Tenor	Rs. 3.00 Cr to less than Rs. 5.00 Cr	Rs. 5.00 Cr to less than Rs. 10.00 Cr	Rs. 10.00 Cr to less than Rs. 25.00 Cr	Rs. 25 Cr to less than Rs. 50.00 Cr	Rs. 50.00 Cr to less than Rs. 100 cr	Rs. 100 cr to less than Rs. 200 cr	Rs. 200 cr and above
366 Days to 389 Days	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%
390 Days	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%
Above 390 Days to up to and including 2 Years	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%	6.05%
Above 2 Years to up to and less than 3 Years	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%
3 Years	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%
Above 3 Years to less than 5 Years	5.70%	5.70%	5.70%	5.70%	5.70%	5.70%	5.70%
5 Years	5.90%	5.90%	5.90%	5.90%	5.90%	5.90%	5.90%

Terms & condition

The above rates are subject to change without notice.
No additional interest will be paid to Senior citizen for deposits of Rs.3.00 Crore and above
Premature withdrawal of this deposit is not allowed till maturity.

All Foreign Exchange transactions are subject to rules, regulations & guidelines framed by RBI from time to time.

The exchange rates displayed here is for reference only, and are subject to change as per market movements, final rates applicable will be the prevailing rates at the time of conversion unless mentioned.

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