Verified Bank Tariff
South Indian Bank Limited Charges & Fees
- Charges verified
- 5
- 5 checked rules · 4 fee categories · 2 account variants
Complete official Schedule of Charges for South Indian Bank Limited. Every fee entry is backed by verified citations, 18% GST treatment, waiver conditions, and RBI dispute rights.
At a glance
South Indian Bank Limited’s own figures, before GST. Tap a figure for its source.
- SMS alerts
Not verified yet
No official figure checked for this bank.
- Demand draft
Not verified yet
No official figure checked for this bank.
- RTGS
Not verified yet
No official figure checked for this bank.
- IMPS
Not verified yet
No official figure checked for this bank.
- NEFT
Bank’s figure
Free
- Minimum balance
South Indian Bank Limited, Minimum balance
From South Indian Bank — Basic Savings Bank Deposit Account
Verified
Bank’s figure
Free
- Cheque return
Not verified yet
No official figure checked for this bank.
- Locker rent
Not verified yet
No official figure checked for this bank.
Verified Fee Categories for South Indian Bank Limited
Debit card charges2 checked entries
Basic Savings Bank Deposit Account (BSBDA) · Other
₹0 (Free)
Trigger Condition
South Indian Bank BSBDA PMJDY Debit Card only.
Verified on 2026-08-15
Basic Savings Bank Deposit Account (BSBDA) · Other
₹0 (Free)
Trigger Condition
South Indian Bank BSBDA PMJDY Debit Card only.
Verified on 2026-08-15
Minimum balance charges1 checked entry
Basic Savings Bank Deposit Account (BSBDA) · General
₹0 (Free)
Trigger Condition
South Indian Bank Basic Savings Bank Deposit Account only. The official product page states Minimum Balance: Nil / Zero Balance Requirement.
Verified on 2026-08-15
NEFT charges1 checked entry
SB NRO Gold Savings Account · General
₹0 (Free)
Trigger Condition
South Indian Bank SB NRO Gold Savings Account only. The official product page states modified features applicable from 01-Sep-2023, including free and unlimited NEFT/RTGS. No broader savings-account or channel scope is inferred.
Verified on 2026-08-15 · Effective: 2023-09-01
Other bank charges1 checked entry
Basic Savings Bank Deposit Account (BSBDA) · Other
4 free withdrawals per month (all transactions excluding digital), then Rs20 + taxes per additional transaction (₹20.00 per withdrawal after 4 free)
Trigger Condition
South Indian Bank BSBDA only. The free allowance covers all withdrawals/transactions described by the product page excluding digital transactions; the rule is therefore not mislabeled as ATM-only.
Verified on 2026-08-15
What South Indian Bank Limited prints on your statementStatement narrations · 5 decoded
5 narrations decoded against South Indian Bank Limited's own schedule of charges — the plain-English and Hinglish meaning, the exact amount including GST, and how to avoid it.
DEBIT CARD AMCThe annual maintenance charge for keeping your debit card active. It is charged once a year whether or not you use the card.
DEBIT CARD FEEA one-time fee charged when a debit card is issued to you.
EXCESS WDL CHGA charge for withdrawals beyond the free number allowed on your account.
MIN BAL CHGA penalty for not keeping the required average balance in your account for the month or quarter.
NEFT CHGA charge on an outward NEFT transfer. Under RBI rules NEFT sent through internet or mobile banking on a savings account carries no charge.
Annual Account Leakage AuditHow much is South Indian Bank Limited quietly deducting every year?
How much is South Indian Bank Limited quietly deducting from your account every year?
Run our 60-second audit to total the charges we can trace to published tariff documents.
Official South Indian Bank Limited tariff documentsThe bank’s own Schedule of Charges and website
Disputing a Wrongful Charge at South Indian Bank LimitedDispute & Refund Assistance · RBI three-level route
Under Reserve Bank of India (RBI) consumer protection directives, account holders have statutory rights to claim refunds for unauthorized debits, failed ATM transactions, or penalties debited without prior notification.
Branch / Helpdesk Ticket
Email South Indian Bank Limited customer service quoting the transaction ID and account details. TAT: 7 working days.
Principal Nodal Officer
If unresolved within 7 days, escalate to South Indian Bank Limited's Principal Nodal Officer (PNO). TAT: 14–30 days.
RBI Banking Ombudsman
Lodge a statutory complaint on the RBI CMS Portal (cms.rbi.org.in) if rejected or delayed past 30 days.
Need a pre-filled grievance email draft for AMB penalties or debit card AMC?
Open Dispute Letter GeneratorFrequently Asked Questions (South Indian Bank Limited)4 questions
What is the minimum balance (AMB) requirement in South Indian Bank Limited?
In South Indian Bank Limited, the minimum average balance (AMB/MAB) varies by account tier and branch location. Regular savings accounts in metros typically require maintaining the published threshold, while salary accounts and BSBDA zero-balance accounts have ₹0 AMB requirements.
What are the debit card annual maintenance charges (AMC) for South Indian Bank Limited?
Annual debit card charges at South Indian Bank Limited depend on the issued card variant (Classic, Platinum, Millennia, or Signature) plus 18% GST. Customers can also request basic RuPay Classic cards which feature nil or minimal AMC under RBI financial inclusion norms.
Can South Indian Bank Limited deduct minimum balance penal charges without sending an SMS?
No. Under RBI Master Direction (DBOD.No.Leg.BC.21/09.07.006/2015-16), South Indian Bank Limited is legally mandated to notify the customer via SMS or email giving them a 30-day notice window to restore their balance before any penalty can be debited. If debited without prior notification, you are entitled to a full reversal.
How do I dispute a wrongful fee or charge deducted by South Indian Bank Limited?
To dispute a wrongful deduction at South Indian Bank Limited: (1) Send an email to the Branch Manager / Customer Service citing the relevant RBI circular and transaction ID. (2) If unresolved within 7 days, escalate to South Indian Bank Limited's Principal Nodal Officer (PNO). (3) If unresolved after 30 days, lodge a complaint with the RBI Banking Ombudsman via the CMS portal (cms.rbi.org.in).