The private sector bank, South Indian Bank, has launched a new fixed deposit scheme, called SIB 750. The new product was launched by actor Manmootty, who is also the bank's brand ambassador. This new deposits scheme was launched to mark the setting up of the bank's 750th branch.
SIB 750, which is being offered for a limited period, offers customers interest rates to the tune of 10.10 percent.
To mark the occasion, a function was held to inaugurate South Indian bank's 750th bank branch and 787th ATM. Both the branch and the ATM have been opened at Pallikkara in Ernakulam District. The function was presided over by the Managing Director and CEO of SIB, Mr. V. A. Joseph.
In addition to SIB 750, a travel credit card, SIB travel card has also been introduced by the bank.