How Does It Work

Welcome to SIB Rewardz, a Debit Card loyalty program by South Indian Bank which gives its customers the best benefits. At South Indian Bank, we aim to be the best in customer service, providing a secure, dynamic and conducive banking environment to our customers. SIB Rewardz is part of our effort to show the commitment and value we have toward our patrons.

We use the best technology and processes to give you a streamlined and fruitful banking experience, where you can maximise your spending power by earning SIB Reward Points every time you pay with your SIB Debit Card. These SIB Reward Points have a monetary value and can be used to get a wide range of products and services for free across thousands of stores in India.

How to earn SIB Reward Points

When you have a South Indian Bank Debit Card, you earn SIB Reward Points every time you use it to make payments in stores or online. So by using your Debit Card wherever possible, to pay for shopping, groceries, at cinemas, restaurants, online stores or bill payment portals, you are increasing the number of SIB Reward Points you earn. You can also book flight, bus and train tickets or pay for hotel rooms with your SIB Debit Card and earn SIB Reward Points. These points can later be redeemed for a host of free products and services.

Multiply SIB Reward Points with Max Get More

You can earn up to 5 times more SIB Reward Points by shopping at Max Get More partner stores. There are over 7000 stores to choose from, spread throughout India. When you shop at a Max Get More partner store, you can earn up to 5 times extra SIB Reward Points.

Redeeming your SIB Reward Points

You have the choice to redeem your accumulated SIB Reward Points through here on the SIB Rewardz website and also at Max Get More partner stores.

  • On the SIB Rewardz website, you can redeem your SIB Reward Points to get free products and services from a wide range of product categories. Product categories include apparel, toys, kitchenware, books, electronics and personal care items, with new products constantly being added. Some of the services you can avail of are booking air and bus tickets, buying movie tickets, mobile and DTH recharge, hotel bookings, and gift vouchers.
  • SIB Reward Points can also be redeemed at Max Get More partner stores across India. There are over 7000 stores associated with South Indian Bank through Max Get More. You can shop at a wide range of brands, with product categories ranging from apparel and electronics to jewellery and hotels. To see the entire list of Max Get More partner stores, Click here.

Remember, you must have a minimum balance of 200 SIB Reward Points for redemption. Each SIB Reward Point is worth Rs. 0.25. Thus, with 1000 SIB Reward Points, you get free shopping worth Rs. 250.

SIB Rewardz Membership

South Indian Bank Debit Card holders are automatically enrolled into the SIB Rewardz Program and accrue SIB Reward Points with Debit Card spends. You can redeem these SIB Reward Points on sibrewardz.com by:

Registering and activating your SIB Rewardz account: To activate your account, go to the ‘First Time User’ option. Provide your South Indian Bank Debit Card number, enter one-time-password (OTP) received on your registered mobile number, verify personal details and start redeeming. Click here to Register now.

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 must have a minimum balance of 200 SIB Reward Points for redemption. Each SIB Reward Point is worth Rs. 0.25. Thus, 1000 SIB Reward Points get you free shopping worth Rs. 250.

SIB Reward Point Expiration: The validity of SIB Reward Points is three years excluding the date of their allocation. Post this, these SIB Reward Points will expire and will be unusable for redemption.

To learn about your SIB Reward Point Balance, log into your personal SIB Rewardz Account or Call the SIB Rewardz Help Desk at 1800-108-8757. Help Desk Timings: Mon-Sat from 9 AM to 6 PM. To start redeeming your SIB Reward Points, Click here now.

Max Get More Benefits

If you choose to swipe your South Indian Bank Debit Card at the wide network of 7000+ popular Max Get More partner stores, ranging from apparel and jewellery to electronics and health services, you will get the benefit of earning additional SIB Reward Points.

You can redeem your SIB Reward Points at Max Get More partner stores.

Featured Max Get More Partners

max
max
max
max
max
max

View all Max Get More Partners