South Indian Bank Introduces 'SIB Quick FD' for Seamless Fixed Deposit Booking
South Indian Bank has introduced a new product variant, 'SIB Quick FD' that allows customers to open Fixed Deposits (FDs) seamlessly using funds from their other bank accounts. This initiative enhances accessibility and convenience, enabling customers to invest in FDs digitally using UPI.
South Indian Bank continues to drive innovation and enhance customer experience by offering simplified and efficient digital banking solutions. With SIB Quick FD, FD booking has become more accessible and streamlined. Customers with valid KYC can now open fixed deposits effortlessly using UPI, making secure investments more convenient than ever.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : Shri Vijoy Kumar Singh appointed as Director (IM&O) of CONCOR
Key Highlights:
- No Prior Relationship Required: Customers can open a fixed deposit without an existing savings account with South Indian Bank.
- Instant & Paperless Process: The entire FD booking process is entirely digital, ensuring a quick and hassle-free investment in just 5 minutes.
- Fund FD using UPI: Customers can fund their FDs using UPI, enhancing convenience.
- Minimal Documentation: Only PAN and Aadhaar details are required, streamlining the on-boarding process.
- 24*7 Availability: FDs can be opened anytime, ensuring flexibility.
- Affordable Investment Entry: Fixed deposits start at just ?1,000, making them accessible to a wider audience.
- Attractive Returns: Competitive interest rates with the flexibility of premature withdrawals.
- Secure & Insured: Deposits are covered under DICGC insurance up to ?5 lakhs, ensuring peace of mind.