FAQs

What is SIB Rewardz?

SIB Rewardz is our endeavor to reward our Debit Card holders for choosing to pay for products & services with South Indian Bank Debit Cards.

What are the benefits of SIB Rewardz program?

The program awards you SIB Reward Points for spending with your South Indian Bank Debit Cards and activating yourself on new age banking cannels like mobile and internet banking . The SIB Reward Point accrual structure is as follows:

SIB Rewardz Earning Structure:

SIB Debit Card type

SIB Reward Points earned/Rs.100 spent

Maestro/Classic/Gold/Titanium Debit Card

1

Platinum Debit Card

1.25

World Debit Card

1.5

SIB Reward Points earned will be doubled in the case of international transactions. For example, a Classic Debit Card holder will earn 2 points per Rs.100 payment.

Bonus SIB Reward Points

Debit Card transaction & Service Activation*

Bonus SIB Reward Points

First purchase with Debit Card within 2 months of issuance

50

Minimum of 5 transactions with spends over Rs. 10,000 within 2 months of issuance of Debit Card

50

Over Rs. 3,00,000 spends within a six month period

500

* ‘Activation’ implies that a customer has to make at least one transaction within two months with the said service to be eligible for the bonus SIB Reward Points.

Points for Other Banking Activities

Below is the complete list of banking activities through which you can earn SIB Reward Points. All the following points will be given from 1 November 2016 onwards:

Banking Activity

Description

SIB Reward Points

Relationship tenure

For concluding first year of relationship with the bank

100 Points

Average Balance

For maintaining average quarterly balance between
Rs. 25,000 to Rs. 1,00,000

25 Points

For maintaining average quarterly balance between
Rs. 1,00,001 to Rs. 5,00,000

50 Points

For maintaining average quarterly balance greater than  Rs. 5,00,000

75 Points

Recurring Deposit Account

RD for Rs. 2000 or more for minimum 12 months

100 Points

Mobile Banking Activation

For activation along with one payment/fund transfer within a month of account opening

100 Points

Internet Banking Activation

For activation along with one payment/fund transfer within a month of account opening

100 Points

Dormant Accounts

For activating an account which has been inactive for 2 years

100 Points

Salary Accounts

Opening / transferring of salary account to South Indian Bank

100 Points

Transferring loans

Transferring housing loan / car loan / retail asset product to SIB

50 Points for every
Rs. 1,00,000 transferred

Opening Premium SIB Account

For opening of SB-Silver & above accounts

SB Silver – 50 Points

Above Silver – 100 Points

Opening Premium Current A/c

For opening of Premium current accounts – CD Smart & above

200 Points

Opening of Term Deposit

Term Deposit for Rs. 1,00, 000 & above

100 Points

FCNR Deposits

Opening of an FCNR Deposit

200 Points

Updating personal details

Mobile Number

50 Points each (upto 100 points in a year)

E-mail ID

LPG Customer ID Linkage

SIB Mirror App Download

For every SIB Mirror app download and account activation/registration

100 Points

POS Installation

For every new POS machine installed

100 Points

You can spend on shopping, dining, watching movies, paying bills and more with your South Indian Bank Debit Cards to earn SIB Reward Points.

The accumulated SIB Reward Points can be redeemed to get products & services from a wide range of categories such as apparel, electronics, jewellery, home décor, kitchen appliances, movie tickets, air tickets, mobile/DTH recharge & more.

How do I become an SIB Rewardz member?

As a South Indian Bank Debit Card holder, you automatically get enrolled in the SIB Rewardz program. However, to view your SIB Reward Point balance and redeem them, you will have to activate your account by visiting www.sibrewardz.com 

You can activate your account as follows:
  1. Visit www.sibrewardz.com and go to the ‘First Time User’ option.
  2. Provide your South Indian Bank Debit Card number/Customer ID.
  3. Enter one-time-password (OTP) received on your registered mobile number, verify personal details and start redeeming.
How do I activate my SIB Rewardz account?

To activate your account, go to the ‘First Time User’ option. Provide your South Indian Bank Debit Card number/Customer ID, enter one-time-password (OTP) received on your registered mobile number, verify personal details and start redeeming.

Can I join SIB Rewardz if I live outside India but I am an Indian citizen?

As long as you have a valid South Indian Bank Debit Card, you can join SIB Rewardz.

Is SIB Rewardz open for Non- Indian citizens?

Yes, if you hold a valid South Indian Bank Debit Card, you automatically become a member of SIB Rewardz program.

What is the postal address to write to SIB Rewardz?

The Qube,A-703, MV Road, Marol, Off Andheri-Kurla Road, Andheri (E), Mumbai - 400059, India

What is the SIB Rewardz session logout time?

The session logout time is 15 minutes.