South Indian Bank has introduced the SIB HER Account, a premium savings account designed exclusively for women across both domestic and NRI segments. The offering has been structured to combine banking benefits with lifestyle and protection features, targeting financially independent women and those seeking specialised financial solutions.
The SIB HER Account includes a premium debit card, concessions on retail loans, options for add-on family accounts and insurance coverage. The bank has positioned the account as a product that supports women at different stages of their financial journey.
Account holders can access an Auto Sweep facility on balances above ₹1 lakh, unlimited ATM withdrawals, and lounge access through the HER Debit Card. The product also includes ₹1 crore air accident insurance and ₹1 lakh personal accident cover for death at no additional cost. A cancer care insurance cover of up to ₹25 lakh is also available at a discounted premium.
The bank has added benefits such as a 50% waiver on locker rent, shopping and lifestyle offers, health and wellness tie-ups and milestone rewards linked to debit card usage. Three free add-on accounts can be opened for family members, and women customers can also avail 50% processing fee waivers on housing, vehicle and personal loans.
Additional features include premium discounts on term insurance for life cover of ₹2 crore and above. Customers can also conduct banking transactions with no charges on NEFT, RTGS, IMPS, demand drafts and cheque books. Linked loan products such as HER Haven (housing loan), vehicle loans and HER Power business loans carry concessions on processing charges and interest rates, with one-day sanction offered for business loans. HER Milestone Rewards further incentivise debit card spending.
Biji S S, Senior General Manager & Head – Branch Banking, 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 aged 18 to 54 years. A monthly balance of ₹50,000 is required, although this is waived if a customer maintains a fixed deposit of ₹1 lakh or completes debit card transactions worth ₹50,000 in the previous month.
With this launch, South Indian Bank continues to expand its customer-focused product suite, with specific attention to tailoring offerings for diverse customer groups.
