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    Syndicate Bank Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    5.5% - 8% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.75% - 7.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Syndicate Bank Fixed Deposit Rates is Rated as "Great!" by 12 Users

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    How to find the best rates for Syndicate Bank Fixed Deposit

    Syndicate Bank was established in Udupi in 1925. Its main objective of extending financial assistance to the local weavers by mobilizing small savings for the community, laid its groundwork.

    Today, Syndicate Bank’s brand equity is in the Pigmy Deposit Scheme, which was established in 1928. Under this scheme, initially, deposits as low as 2 annas daily were accepted by the bank.

    Today, Syndicate Bank collects around Rs. 2 crore, each day under this scheme.

    About Syndicate Bank Fixed Deposit

    Syndicate Bank offers a regular interest earning fixed deposit scheme. It can be customised with flexible tenure options to suit various requirements. With a minimum deposit amount of Rs. 1,000, the Syndicate Bank fixed deposit scheme allows flexible payout options.

    Loans up to 95% of the deposit amount and nomination facility are available under the Syndicate Bank fixed deposit scheme.

    About Syndicate Bank Short Term Fixed Deposit Interest Rates

    Syndicate Bank offers an interest rate of 7.50% p.a. for deposit tenures ranging from 30 days to 90 days. Tenures in the range of 91 days to 120 days are offered with an interest rate of 7.40% p.a.

    8% p.a. interest rate is offered to fixed deposit account tenures ranging between 121 days to 269 days. Tenures in the range of 270 days to 363 days are offered interest at the rate of 8.10% p.a.

    Tenures of exactly 364 days are offered an interest rate of 8% p.a.

    Tenures of exactly one year (365 days) are offered a rate of interest of 8.50% p.a.

    Syndicate Bank Medium and Long Term Fixed Deposit Interest Rates

    Fixed deposit accounts with tenures in the range of 1 year to 2 years are offered interest at the rate of 8.10% p.a. Fixed deposits in the range of 2 years to 5 years are given at an interest rate of 8% p.a.

    Tenures of exactly 5 years are given interest at the rate of 8% as well. Tenures ranging from 5 years to 7 years are offered an interest rate of 7% p.a.

    Syndicate Bank Fixed Deposit Senior Citizen Interest Rate

    Senior citizens are offered an additional 0.50% over the prevalent card rate for fixed deposit account tenures in the range of 1 year to 10 years.


    News About Syndicate Bank Fixed Deposit Rates

    • Fixed Deposit Rate Change for Syndicate Bank

      For deposits of less than 1 crore rupees, fixed deposit rates of Syndicate Bank have undergone some changes regarding the deposit slots as well as the rates themselves.

      As of today, deposits from 7 to 14 days are having a rate of interest of 5.5% per annum and that increases by 0.5% for the period of 15 days to 60 days. Another 1% increase brings the rate to 7% per annum for deposit period of 61 days to 90 days. From 91 days to 120 days, the effective rate of interest offered is 7.41% per annum which becomes 7.35% per annum for 121 days to 179 days. The rate then slides down to 7.31% for deposit tenures of 180 days to 269 days and climbs to 7.5% for deposit tenures of 270 days to exactly 5 years. This is the highest rate of interest on offer as the deposits for above 5 years up to 10 years earn interest at a rate of 6.75% per annum.

      16th February 2016

    • Syndicate Bank Fixed Deposit Rates

      Syndicate Bank has dealt cuts to the interest rates of its products owing to the repo rate reduction and the subsequent directive by the Reserve Bank of India. Its deductions, albeit fractional, have been consistent regarding its interest rates. While savings accounts have not been affected in any major way, the traditional investment tool of fixed deposits has faced the brunt of interest downsizing.

      The third month of the last quarter of 2015, December, has seen the lowest interest rate of 5.50% per annum for fixed deposits with Syndicate Bank. This interest rate is applicable for deposit tenures of 7 days to 14 days. From 15 to 30 days, the interest rate is 6% per annum. From 31 days to 60 days, an increase of 1% takes the applicable interest rate to 7% per annum. From 61 to 90 days, the interest rate slips down to 6% per annum and increases to 6.50% per annum for tenures of 91 days to 120 days. From 121 days to 179 days, the interest rate is fixed at 7.35% per annum and it slides a notch down to 7.31% per annum for periods of 180 days to 269 days. From 270 days to exactly 5 years, the maximum available interest of 7.50% per annum is allowed.

      11th December 2015

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