South Indian Bank launches ‘SIB HER Account’, a premium savings account designed exclusively for women
Kochi,
November 18, 2025: South Indian Bank has launched SIB HER
Account, a premium savings account exclusively designed for women. The product
aims to empower and reward today’s financially independent women by offering a
host of attractive banking and lifestyle privileges, combining financial
benefits with personal well-being and convenience.
The
SIB HER Account has been thoughtfully crafted to support women at every stage
of their financial journey. It comes with an array of exclusive benefits such
as a premium debit card, locker rent offers, retail loan concessions, add-on
accounts for family members, and comprehensive insurance coverage. The account
is available for both domestic and NRI customers, reflecting South Indian
Bank’s commitment to serving women across segments and geographies.
With
this new offering, account holders can enjoy higher returns on their savings
through an Auto Sweep facility on balances above ₹1 lakh, along with unlimited
ATM withdrawals and complimentary lounge access with the premium HER Debit
Card. The account extends ₹1 Crore Air Accident Insurance and ₹1 Lakh Personal
Accident Cover for death, made available absolutely free to account holders,
along with a Cancer Care Insurance Cover of up to ₹25 lakhs available at a
special discount on premium.
Further
enhancing the experience, women customers can avail a 50% waiver on locker
rent, exclusive offers on shopping, lifestyle, health, and wellness, as well as
milestone rewards that celebrate their financial achievements. The product also
extends financial benefits to families with three free add-on accounts and
provides 50% processing fee waivers on housing, vehicle, and personal loans.
Adding
to its list of empowering features, the SIB HER Account offers special premium
discounts on term insurance for life cover of ₹2 crore and above, exclusively
for women. Customers also benefit from free banking transactions, with no
charges on NEFT, RTGS, IMPS, demand drafts, cheque books, and more. The SIB HER
Account also offers HER Haven (Housing Loan), Vehicle Loan, and HER Power
Business Loan, providing women customers with attractive concessions on
processing fees and interest rates, along with the convenience of one-day
sanction for business loans. Customers can also avail exclusive HER Milestone
Rewards through the Debit Card, making every transaction more rewarding.
Biji
S S, Senior General Manager & Head – Branch Banking of South Indian Bank
said, “The SIB HER Account reflects our belief in empowering women with
products that understand their evolving financial needs and aspirations.
Through this initiative, we aim to empower women by combining financial
independence with lifestyle benefits, ensuring they enjoy premium banking
privileges, comprehensive financial protection, and focused support for asset
creation.”
The
SIB HER Account is available to women between the ages of 18 and 54 years.
Customers are required to maintain a monthly balance of ₹50,000; however, this
requirement is waived if they maintain a fixed deposit of ₹1 lakh or achieve
debit card transactions of ₹50,000 in the previous month.
With
this launch, South Indian Bank continues to strengthen its focus on
customer-centric innovation, building a robust suite of products tailored to
diverse customer needs while reaffirming its commitment to inclusivity and
empowerment.
About South Indian Bank:
South Indian
Bank is a Kerala-based private sector Bank with a nationwide presence. The
Bank’s shares are listed on the Stock Exchange Mumbai (BSE) and the National
Stock Exchange of India Ltd., Mumbai (NSE). [South Indian Bank has 948 branches,
5 Ultra Small Branches / Satellite Branches, 1147 ATMs, and 126 CRMs across
India and a representative office in Dubai, UAE. For more information, please
log on to https://www.southindianbank.com/
