What is the minimum balance in a SIB savings account?
South Indian Bank requires customers to maintain a minimum quarterly average balance ranging generally from Rs. 500 to Rs. 5,000, depending strictly on the branch location type—such as rural, semi-urban, urban, or metropolitan—and the specific savings product tier chosen. Accounts falling below these specified quarterly average thresholds attract non-maintenance penalty charges, whereas specialized zero-balance digital variants are exempt from this requirement.
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