South Indian Bank’s New Deposit Scheme Launched

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South Indian Bank’s New Deposit Scheme Launched

The new deposit scheme of South Indian Bank – SIB 750 – has been introduced in the market by film star Mammootty, the bank’s brand ambassador. The product was launched to commemorate the 750th branch opening.

Assuring interest rates of up to 10.10 per cent, the SIB 750 is envisaged as a limited period deposit scheme.

The function held in connection with the inauguration of South Indian Bank’s 750th Branch and 787th ATM at Pallikkara in Ernakulam District, was presided over by V. A. Joseph – Managing Director and CEO of the bank.

SIB Travel Card, another innovative offering from the bank was also launched at the function.

A real boon for frequent travelers, the travel card enables its users to withdraw money while abroad and in the particular currency of that particular country. Besides, if necessary, the card holder’s account can be topped up from any branch of the bank.

South Indian Bank executive directors Abraham Thariyan and Cheryan Varkey, Bobby M. Jacob, Managing Director, Anna Group of companies and Shyla Noushad, President, Kunnathunadu Grama Panchayath were the other dignitaries who spoke at the function.

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