South Indian Bank - FD Schemes

South Indian Bank was established during the Swadeshi movement and holds several firsts in Indian banking history. It became the first private sector bank to open a currency chest for the RBI in April 1992 and the first to launch an NRI branch in November 1992. 

Over the years, it has become popular among fixed deposit investors due to its wide range of FD schemes and competitive interest rates. As of September 26, 2025, the bank offers up to 6.60% p.a. on a 1-year FD for regular customers and up to 7.10% p.a. for senior citizens (same tenure). 

Want to invest? Read this article to know about the various South Indian Bank FD schemes along with their main features.

What are the different fixed deposit schemes in South Indian Bank?

South Indian Bank runs several fixed deposit schemes to meet the different needs of investors. From regular FDs to flexi deposits to insurance-linked products, each scheme provides a mix of safety + assured returns. 

For more clarity, check out the latest South Indian Bank FD plans 2025:

A) South Indian Bank Flexi Cumulative Deposit

The South Indian Bank Flexi Cumulative Deposit is a fixed deposit scheme linked to a savings account. It offers flexibility by allowing automatic withdrawals (sweep-in) when your savings account balance falls below a set level. 

Instead of breaking the entire deposit, only the required portion is withdrawn. Interest is accumulated and paid at maturity. Check out some key features of this South Indian Bank FD scheme:

Feature	Details
Minimum Deposit Amount	₹1,000
Linked Account	Savings Bank (SB) account
Sweep-In Facility	Automatic transfer from the deposit to the SB account if the balance goes below the threshold
Withdrawal Order	Last In – First Out (LIFO)
Amount Withdrawn	Only the required portion is withdrawn, not the 100% deposit
Interest Calculation on Partial Withdrawal	Interest paid for the actual period at pre-mature closure rates
Interest Payout	On maturity (cumulative)
Loan Facility	Not available
Lien Marking	Not permitted
Pre-closure	Allowed with a penalty
TDS	Deducted as per income tax rules

Note: The above features are valid as of September 26, 2025. Investors must do their own research before investing. 

B) Kalpakanidhi

The Kalpakanidhi is a cumulative FD scheme. It allows your deposit to grow through quarterly compounding of interest. Instead of receiving interest payouts periodically, the interest is added back to the principal. 

It is meant for investors who want to reinvest interest and build a larger corpus over the chosen period. Check out some key features of this South Indian Bank FD plan:

Feature	Details
Type	Reinvestment plan
Deposit Tenure	From 6 months to 10 years
Interest Compounding	Quarterly compounding (interest is added to the principal every 3 months)
Payout of Interest	Paid along with the maturity amount (not periodic)
Renewal	Option for automatic renewal on maturity

Note: The above features are valid as of September 26, 2025. Investors must do their own research before investing. 

C) South Indian Bank Tax Gain, 2006

The South Indian Bank Tax Gain, 2006, is a special 5-year fixed deposit scheme offered under the Government’s Bank Term Deposit Scheme, 2006. It allows individuals and Hindu Undivided Families (HUFs) to claim income tax deductions under Section 80C of the Income Tax Act, 1961. 

It is specifically designed for investors who want both guaranteed returns + tax-saving benefits. Check out some key features of this fixed deposit scheme in South Indian Bank:

Feature	Details
Eligibility for Tax Benefit	Deposits up to ₹1.5 lakh per financial year qualify for deduction under Section 80C.
Deposit Limits	Minimum deposit: ₹100 and Maximum: ₹1.5 lakh (in multiples of ₹100).
Eligible Depositors	Individuals (single), Joint accounts (first holder gets tax benefit), and HUF (Karta).
Nomination	Allowed, but not if the deposit is opened for or on behalf of a minor.
Tenure	Fixed for 5 years
Premature withdrawal	Not allowed before completion of 5 years
Interest Payment	You get the option of simple interest or compound interest.
Loan Facility	Deposits cannot be pledged or used as security for loans.

Note: The above features are valid as of September 26, 2025. Investors must do their own research before investing. 

D) FD Vantage

FD Vantage is a special financial product that combines guaranteed FD returns with insurance cover. The deposit earns normal FD interest rates, and as an extra benefit, investors get insurance cover (depending on the chosen variant). 

This South Indian Bank FD plan is available for both residents and NRIs (insurance valid only when the NRI is in India). Check out some key features of this South Indian Bank FD scheme:

Feature	Details
Minimum Deposit Amount	₹1 lakh
Maximum Deposit Amount	Less than ₹3 crore
Tenure	Minimum 1 year and above
Taxation	Interest is taxable and TDS is applicable as per income tax rules
Insurance Coverage	Provided based on the chosen variant (see table below)
Eligibility	Resident and NRI individuals
Eligibility (Age)	Alpha: 18 to 70 years; Beta: 5 to 80 years; Gamma: 18 to 50 years
Joint Deposits	The insurance benefit applies to only one holder
Renewal	Insurance cover is also available on renewal of deposits
Linked Account	A savings or current account in the depositor’s name is mandatory
Insurance Conditions	Benefits are subject to the insurer’s terms and conditions

Note: The above features are valid as of September 26, 2025. Investors must do their own research before investing. 

Insurance Coverage by Variant

Variant	Minimum Deposit	Insurance Coverage
FD Vantage – Alpha	₹1 lakh	₹2 lakh – Accidental death and permanent disability ₹1 lakh – Partial disability
FD Vantage – Beta	₹3 lakh	₹10 lakh – Accident cover ₹1 lakh – Hospitalisation expenses
FD Vantage – Gamma	₹5 lakh	₹2 lakh – Life insurance cover

Note: The above features are valid as of September 26, 2025. Investors must do their own research before investing. 

E) South Indian Bank QEnd

South Indian Bank QEnd is a fixed deposit product designed for customers who prefer to receive interest payouts at the end of every financial quarter (June, September, December, and March). It works on a simple interest payout structure and is available for both resident and non-resident customers.

Check out some key features of this South Indian Bank FD plan:

Feature	Details
Tenure	Minimum: 7 days; Maximum: 10 years
Deposit Amount	Less than ₹3 crore
Interest Payout	Simple interest, paid at the end of each financial quarter (June, September, December, March)
Eligibility	Available for Domestic, NRE, and NRO customers
Premature Closure	Allowed with penalty (as per term deposit rules)
TDS	Deducted as per income tax rules
Loan Facility	Loans can be availed against the deposit

Note: The above features are valid as of September 26, 2025. Investors must do their own research before investing. 

Need More Options? Browse Multiple FD Schemes on the GoldenPi Platform!

South Indian Bank offers multiple fixed deposit schemes, with each serving different investor needs. These schemes provide non-market-linked returns and come with several unique features. Some popular South Indian Bank FD plans are:

• SIB Flexi Cumulative Deposit (savings-linked FD with sweep-in and cumulative maturity)
• Kalpakanidhi Deposit (reinvestment with quarterly compounding)
• SIB Tax Gain 2006 (tax-saving FD with 5-year lock-in)
• FD Vantage (FD with bundled insurance cover)
• SIB QEnd (FD with interest payout at financial quarter ends)
  
  

Are you looking for more fixed-income options? You can visit the GoldenPi platform and explore FD options offered by leading small finance banks and NBFCs. The booking process is 100% digital and can be completed online within minutes. No branch visit needed.