South Indian Bank has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), effective November 20, 2025. This adjustment impacts borrowers across various loan tenors and reflects changes in the bank's cost of funds structure.

New MCLR Rates

The bank has provided a detailed breakdown of the revised rates across different tenors:

Impact on Borrowers

The revised MCLR rates range from 8.15% for overnight MCLR to 9.65% for one-year MCLR. This change may affect the interest rates on various loans linked to the MCLR, potentially impacting both existing and new borrowers.

Regulatory Compliance

In line with regulatory requirements, South Indian Bank has informed the stock exchanges about this change in MCLR rates. The bank has stated that this information is being disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Accessibility of Information

For further details, the bank has announced that the revised MCLR rates will be available on their official website at www.southindianbank.bank.in . This ensures transparency and easy access to the updated lending rate information for all stakeholders.

Borrowers and investors are advised to take note of these changes, as they may influence lending rates and financial planning decisions.

South Indian Bank has introduced a new premium savings product exclusively for women, aiming to deepen its retail franchise and cater to affluent female customers, including Non-Resident Indians (NRIs). The 'SIB HER Account' comes packed with a range of financial and lifestyle benefits designed to appeal to this specific demographic.

Key Features of SIB HER Account

The SIB HER Account stands out with its comprehensive insurance coverage, offering air accident insurance up to ₹1.00 crore and cancer care coverage up to ₹25.00 lakh. These features address both travel safety concerns and health-related financial protection, which are increasingly important considerations for many customers.

The account also includes an auto-sweep facility, a feature that automatically transfers excess funds from the savings account to a fixed deposit, potentially offering higher interest rates on surplus balances. This can help account holders optimize their returns while maintaining liquidity.

For frequent travelers, the complimentary airport lounge access adds a touch of luxury and convenience to their journeys. This perk aligns with the premium positioning of the account and caters to the lifestyle needs of its target audience.

South Indian Bank's move to launch this women-centric product reflects a growing trend in the banking sector to create tailored financial solutions for specific customer segments. By bundling various financial services and lifestyle benefits into a single product, the bank aims to attract and retain affluent women customers, including those from the NRI segment.

The introduction of the SIB HER Account suggests that South Indian Bank is strategically focusing on expanding its retail banking offerings and enhancing its appeal to a key demographic. This product launch could potentially help the bank strengthen its position in the competitive retail banking landscape, particularly in the women's banking segment.

As with any financial product, potential customers are advised to carefully review the terms and conditions, including the ₹50,000.00 monthly balance requirement, to ensure the account aligns with their financial needs and capabilities.