South Indian Bank Ltd comes with new generation banking and technology

The South Indian Bank Ltd is one of the oldest banks which were founded in South India. The bank was established on 29th January, 1929 in Thrissur city by a group of enterprising men when Swadeshi movement was gathering momentum. At that time their capital was only 22,000. They formed this bank to liberate the business community from the clutches of greedy money lenders. In the year 1960, the South Indian Bank took over fifteen other smaller bank at the time of crisis in the banking industry and by then it has gained the people confidence. It also became the first private sector bank that open a currency chest on behalf of Reserve bank of India and open the first NRI branch. It also gets the status of the scheduled bank in 1946 under the act of Reserve bank of India.

The South Indian Bank Ltd has large number of network and holds around 545 branches spread across more than 23 states in India. For the customers convenience it has set up around 250 ATMs all over the country. It is the first private sector banks in Kerala that has issued credit card option for the customers. The customers get more benefits from these services. The bank offers many useful services that benefits different segment of the society. It includes accounts and deposits, loans, mutual funds, insurance, money transfers and many other value added services. It provides different type of deposits like Savings accounts, Current account, fixed deposit etc. The bank benefits to their customers by giving them various loan schemes like Education loan.

It helps many student those who have financial problem and cannot afford higher education. They can use education loan by filling few requirements of the bank. The bank provides loans for many courses like MCA, M.Sc., Medical degree, Engg. Degree, all govt. recognized diploma courses etc. The interest rate for the loan is also very low. You also get one percent of concession if the interest is serviced during the study period. You can repay your loan within 5 years or six months after getting the job.

The South Indian Bank Ltd uses latest technology to serve its customer. People can use net banking, mobile banking to see their account information and make their bill payments. Credit card and ATM help them in urgent cash problem. The bank is considered as a pro active bank with a competent tech savvy professional in India that are serving its customers.

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