Product Details
Bank Name
South Indian Bank
Account Name
SIB Ruby Savings Account
Account Type
Saving
Interest Rate
Balance Upto INR 2 Lackhs: 2.75% ,Balance Above Rs. 2 Lacs upto Rs. 1 Crore. Balance above 3 lakhs will be converted to Flexi Fixed Deposit in multiples of INR. 10,000/- with maximum holding period of 92 day, with an interest rate of 4.25%
Free Debit Card
No
Account Opening Fees
0
Debit Card Charges
Visa Platinum Joining Fee - INR 0. Annual fee - INR 300.
Annual Maintenance Fees
0
NEFT Charges
0
Minimum Account Balance
INR 25,000
IMPS Charges
Upto INR 1,000: INR. 0; 1,001 to 1 Lakh: INR.5; 1,00,001 to 2 Lakh: INR 15, above INR 2 Lakh: INR 17
Fees and Charges of
SIB Ruby Savings Account
SIB Ruby Savings Account
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits of
SIB Ruby Savings Account
Pros & Cons of
Pros
Free NEFT and RTGS.
Facility of sweep in deposit over the threshold of INR 3 Lakhs
Cons
SIB Ruby Savings Account
SIB Ruby Savings Account
The account comes with low interest rate and minimal value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai