Syndicate Bank Interest Rates on FD, Feb 2017

Fixed Deposit Interest Rate of Syndicate Bank

Last Updated 18th Feb 2017
Tenure General Rates Senior Citizen Rates
7 days to 14 days 4.75% 5.25%
15 days to 30 days 4.75% 5.25%
31 days to 45 days 4.75% 5.25%
46 days to 60 days 4.75% 5.25%
61 days to 90 days 5.50% 6.00%
91 days to 120 days 5.50% 6.00%
121 days to 179 days 5.50% 6.00%
180 days to 269 days 6.25% 6.75%
270 days to 364 days 6.25% 6.75%
1 year 6.80% 7.30%
1 year 1 day to 2 years 6.50% 7.00%
2 years 1 day to 4 years 364 days 6.50% 7.00%
5 years 6.00% 6.50%
5 years 1 day to 10 years 6.00% 6.50%
Read Latest News on Syndicate Bank Here
  • Syndicate Bank offers FD interest rates upto 6.80% per annum.
  • Interest on deposits with Syndicate Bank is typically compounded quarterly.
  • Syndicate Bank accepts deposits starting at Rs. 1000 for various tenures.
  • For senior citizens (age more than 60 years), Syndicate Bank offers higher interest rate over and above rates mentioned below.
Calculate Syndicate Bank
FD Maturity Amount

Syndicate Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Syndicate Bank pays 1% lower ROI than that applicable for actual duration of deposit.

Loan against Syndicate Bank FD

  • Syndicate Bank offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Syndicate Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Syndicate Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Syndicate Bank in your city - Find Syndicate Bank Branches here

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  • Syndicate Bank FD rates with other banks in India

About Syndicate Bank

Syndicate Bank is a nationalized public sector bank. It was established in 1925 with its first office at costal region of Karnataka, Udupi. It was then named as 'Canara Industrial & Banking Syndicate Ltd'. The primary objective of the business was to extend the financial assistance to local weavers. The name of the bank was changed to Syndicate Bank Limited in 1964 and the head office of the bank was shifted to Manipal. Currently, Syndicate Bank has over 3,300 branches in India and a branch in London offering core banking-e-banking services under anywhere-anytime-anyhow banking. Bank has been conferred "Best Bank Award" amongst all the Banks in the RSETI movement. Bank has been awarded Banking Excellence Award 2013 for the second best public Bank in overall performance by State forum of Bankers Club Kerala. The net profit of the bank stood at Rs. 409.3 crore for the year ended March 2014.
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News - Feb 2017
28th Jul 16 Syndicate Bank posts Q1 Net Profit at R79 cr, NPAs up
Syndicate Bank reported a net profit of Rs 79.13 crore , which is lower by 73.9 percent compared to year ago period . The results of this year are not comparable to past year due to exceptional write-off. The Bank stated in its regulatory filing that Previous quarter results are not comparable with the current quarter since there was an exceptional item of write-off on account of fraud at three branches of Jaipur region. The total income showed a slight increase by 1.5percent to R6, 419 crore, while interest income increased by 4.7percent to Rs. 1479 crore compared to a year ago period . . Asset Quality deteriorated as the Gross NPAs in June Quarter were 7.53% of gross advances , compared with 3.72%a year ago . Net NPAs stood at 5.04%, compared with 2.36% in the year-ago period. The bank has upgraded NPAs of Rs 220.42 crore and made recoveries of Rs444.70 crore.
08th Jul 16 Syndicate Bank revises MCLR, base rate
Syndicate Bank revised its Marginal Cost of Funds Based Lending Rate (MCLR) . The revised overnight MCLR will be 9.40 per cent (existing MCLR 9.50 per cent), one month MCLR 9.45 per cent (existing MCLR 9.55 per cent), three months MCLR 9.45 per cent (existing MCLR 9.55 per cent), six months MCLR 9.50 per cent (existing MCLR 9.60 per cent) and one year MCLR 9.55 per cent (existing MCLR 9.65 per cent). This will be in effect from 11th July 2016. The bank has also revised its base rate and BPLR . Base rate revised 9.60 per cent (existing rate 9.70 per cent) and BPLR revised 13.85 per cent (existing 13.95 per cent). This will also be in effect from 11th July 29, 2016. This cut in interest rates should result in lower interest for banks customer for home loan
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