Syndicate Bank was first set up in Karnataka at Udupi in 1925 with a vision for social commitment. Those who wish to go for fixed deposits (FDs) with the bank can choose from the range of options including the Synd Tax Shield Deposit, Syndicate Suvidha Deposit, regular and senior citizen schemes. Syndicate Bank fixed deposits pay lucrative interest rates and gives customers other benefits as well. The highest FD rate paid by the bank as of now is 6.75% p.a. for a tenure that is from anywhere from 1 year to 2 years. The highest rate paid for senior citizens by the bank is 7.25% p.a. for the same investment period.
Given below is the revised list of fixed deposit rates offered by the bank for regular and senior citizen deposits as updated on 10 February, 2018:
|Tenure||Regular FD Rate(per annum)||Senior Citizen FD Rate(per annum)|
|7 days to 30 days||4.75%||5.25%|
|31 days to 45 days||5.00%||5.50%|
|46 days to 60 days||5.50%||6.00%|
|61 days to 179 days||6.00%||6.50%|
|180 days to 364 days||6.35%||6.85%|
|365 days to 2 years||6.75%||7.25%|
|More than 2 years to less than 5 years||6.60%||7.10%|
|5 years to 10 years||6.50%||7.00%|
*All rates are applicable for deposits that are of less than Rs.1 crore
Apply for an FD: Apply for a Syndicate Bank fixed deposit online or offline depending on your convenience. Existing customers who have registered for internet banking services will be able to apply for a fixed deposit online.
NRI term deposits: The other option for prospective customers who are Non-Resident Indians (NRIs) is to opt for NRO, NRE and FCNR term deposits.
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