Investment
in India - Banking System

Banking System - Banks In India

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The South Indian Bank's shares are
listed on three stock exchanges in India namely BSE, NSE and CSE - The
Cochin Stock Exchange Ltd. The stock code Number of the Bank in BSE is
532218 (BSE).
Till 31.03.2005, 65% of the total shares of the Bank are were issued in
Demat segment. From 1st June, 2005, M/s. Karvy Computershare Private
Ltd., are the Registrars and Share Transfer Agents of the Bank. The
address is as given below:
KARVY HOUSE
46, AVENUE 4,
STREET NO.1,
BANJARA HILLS
HYDERABAD- 500 034
PHONE NO. 040- 23312454/23320751/752/251
FAX NO. 040- 23311968/23323049
WEB SITE: www.karvycomputershare.com
South Indian Bank Credit Card
The Bank has issued credit card named as 'Cancard - Visa' which is
accepted over 70,000 showrooms, Hotels, Airlines, Railways, Hospitals,
etc. The features of the card are as follows:
- Free insurance upto Rs. 400,000
- Free air travel insurance of Rs. 4
lakhs for self and Rs. 2 lakhs for spouse
- Free personal insurance of Rs. 2
lakhs for accidental death of self, and Rs. 1 lakh for death of
spouse
- Free baggage insurance up to Rs.
25,000/- while on travel
- Purchase protection of up to Rs.
25, 000/- against the risk of fire, riot, strike, malicious damage,
terrorism and theft-during the transportation of goods purchased
through Cancard visa from any establishment to your residence and
while kept at your residence subsequently, for a period of one year
from the date of purchase.
- Concessional premium rates for
personal accident insurance or Mediclaim through the Cancomfort
Insurance scheme available to Card holders and family members.
South Indian Bank NRI Services
The following types of deposits are offered to the NRIs:
- Non-Resident (External) Rupee
Accounts Scheme (NRE)
- Foreign Currency (Non-Resident)
Accounts (Banks) Scheme. (FCNR-B)
- Non-Resident (Ordinary) Rupee
Account (NRO)
- Resident Foreign Currency Account
(RFC)
Term Deposit of South Indian Bank
Kalpakanidhi Deposit
It is a re-investment plan with cumulative interest. Interest is added
to the principal on quarterly basis. Principal along with interest is
paid only on maturity date.
Fixed Deposit
Simple interest will be paid quarterly. Monthly interest scheme is also
available at discounted rate.
Recurring Deposit
Remittance as monthly instalments over a period of time. Amount
remitted plus interest will be paid on Maturity date.
The common features attached to the schemes are as follows:
- Nomination facility is available in
respect of all deposit accounts
- Interest earned in excess of Rs.
5,000/- per annum in respect of all the accounts, except 'Recurring
Deposit' and 'Savings Bank' is liable for deduction of tax at source
- Loans are available on term deposit
upto 90% of the deposit amount
Head Office
South Indian Bank Ltd.
T.B Road,
Mission Quarters,
Thrissur 680 001
Telephone : 2420020, 2420058, 2420113
2429333 (Secretarial Dept)
Email: sib@vsnl.com
Website of South Indian Bank
www.southindianbank.com
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