Kochi, Nov 18: South Indian Bank has launched SIB HER Account, a premium savings account exclusively designed for women. The initiative aims to empower and reward financially independent women by combining attractive banking benefits with lifestyle privileges, catering to personal well-being and convenience.

The SIB HER Account is thoughtfully crafted to support women at every stage of their financial journey. It offers a wide range of benefits, including a premium debit card, locker rent concessions, retail loan discounts, add-on accounts for family members, and comprehensive insurance coverage. Available to both domestic and NRI customers, the account reflects South Indian Bank’s commitment to serving women across segments and geographies.

Account holders can enjoy higher returns on savings through the Auto Sweep facility for balances above ₹1 lakh, unlimited ATM withdrawals, and complimentary lounge access with the premium HER Debit Card. The account also provides ₹1 Crore Air Accident Insurance and ₹1 Lakh Personal Accident Cover, free of charge, along with Cancer Care Insurance coverage of up to ₹25 lakhs at a special discounted premium.

Women customers can avail a 50% waiver on locker rent and enjoy exclusive offers on shopping, lifestyle, health, and wellness. Milestone rewards celebrate their financial achievements, while families benefit from three free add-on accounts. The account also offers a 50% waiver on processing fees for housing, vehicle, and personal loans.

Further, the SIB HER Account extends special premium discounts on term insurance for life cover of ₹2 crore and above, exclusively for women. Free banking transactions cover NEFT, RTGS, IMPS, demand drafts, cheque books, and more. Dedicated loans, including HER Haven (Housing Loan), Vehicle Loan, and HER Power Business Loan, come with attractive concessions on processing fees and interest rates, alongside one-day sanction for business loans. Account holders can also earn HER Milestone Rewards via the debit card, making every transaction rewarding.

Biji S S, Senior General Manager & Head – Branch Banking, South Indian Bank, said,
“The SIB HER Account reflects our commitment to empowering women with products that understand their evolving financial needs and aspirations. This initiative combines financial independence with lifestyle benefits, offering premium banking privileges, comprehensive financial protection, and focused support for asset creation.”

The account is available to women aged 18 to 54 years, with a monthly balance requirement of ₹50,000. This requirement is waived if the customer maintains a fixed deposit of ₹1 lakh or achieves 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, offering tailored products that promote inclusivity, empowerment, and financial independence for women.