South Indian Bank – Review and Features

South Indian Bank commonly known as SIB is the one of the most popular and famous banks in India. It is a private bank with the headquarters located in the city of Thrissur, Kerala, India. The total branches of the South Indian Bank in India are almost 830 and it is one of the oldest banks of India which was founded during the Swadeshi movement in the year of 1929. South Indian Bank is the first bank among the private sector banks in Kerala in 1964.

Milestones& Facts:

  • It is the first private sector bank that opened a currency chest on behalf of RBI in April 1992.
  • It is the first bank in Kerala to implement Core banking system.
  • The South Indian Bank has as many as 830 branches all across India.
  • The total ATMs of South Indian Bank is 1258 only in India.

The vision of the bank is to be the most preferred bank in the areas of customer services, stokehold values and corporate governance. The South Indian Bank has won numerous awards and recognitions and has become the one of the famous banks of India. The South Indian bank is recognized in India because of its numerous valuable services in regards of banking.


Personal Banking:

Personal banking is of vast range in South Indian Bank. Ranging from personal accounts to money transfers; it provides its best services in all the sectors. The opening of account in South Indian Bank will allow you to experience next generation banking. The bank offers saving accounts, term deposits, and financial inclusions. It also provides personal loans, Mobi loans, home loans, gold loans, educational loans, agricultural loans and flexi loans.

In regards of insurance, the South Indian Bank provides the best life, health and general insurance plans for households or for business interests. In addition to above these, the South Indian Bank also provides fast and reliable money transfers with in the country or outside the country; money transferring is not now a difficult job. Ranging from domestic transfers to international transfers, money transfer is now become an easy task. Value addition of South Indian Bank is a tradition with the account opened. The bank offers different types of value added services including online banking.

NRI Banking:

Besides personal banking, South Indian Banking also offers NRI banking to its clients that really make you feel the next generation banking. The rich experience of SIB serves the NRI in creating products and services that suits your needs the best. With the South Indian NRI Banking, accounts and deposits are made easy.

Business Banking:

With the business banking in South Indian Banking, make business very convenient. Business accounts, domestic finance, international money transferring and value added services have added a lot to the services of the South Indian Services. You can extend your business firm through the great funding provided by the business banking of South Indian Bank.

If you are considering adopting any service of the bank, then feel free to contact at the official website of South Indian Bank or call them at their head office.


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