Syndicate Bank Fixed Deposit Rates

Syndicate Bank provides investment schemes such as Fixed Deposits (FDs) or Term Deposits with rewarding returns. The range of Syndicate Bank FD interest rates range from 2.95% p.a. to 5.50% p.a. The interest rates were last modified on 8 February 2021.

Syndicate Bank Domestic Term Deposits Interest Rates: Below Rs.2 Crore

Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
7 days to 45 days 2.95% 2.95%
46 days to 90 days 3.90% 3.90%
91 days to 179 days 4.00% 4.00%
180 days to less than 1 year 4.45% 4.95%
1 year only 5.20% 5.70%
Above 1 year to less than 2 years 5.20% 5.70%
Above 2 years to less than 3 years 5.40% 5.90%
Above 3 years to 10 years 5.50% 6.00%

*The Syndicate Bank FD rates tend to change at the discretion of the bank. The rates of interest in this table are valid as of 10 July 2021.

Syndicate Bank FD Rates: At a Glance (Below Rs.2 crore)

  • Highest Syndicate Bank Fixed Deposit rate (General Public): 5.50% p.a. for 3 years to 10 years.
  • Range of tenure period: 7 days to 10 years.
  • Range of interest rates: 2.95% p.a. to 5.50% p.a.
  • Interest rate for tenure of 1 year: 5.20% p.a.
  • Highest Senior Citizen FD rate: 6.00% p.a. for a tenure of 3 years to 10 years.

Syndicate Bank Fixed Deposit Interest Rates: Rs.2 crore to Rs.10 crore

Tenure bracket Callable Non-Callable
7 days to 45 days 3.05% NA
46 days to 90 days 3.10% 3.15%
91 days to 179 days 3.25% 3.30%
180 days to less than 1 year 3.30% 3.35%
1 year only 3.90% 3.95%
Above 1 year to less than 2 years 3.90% 3.95%
Above 2 years to less than 3 years 3.90% 3.95%
Above 3 years to less than 5 years 3.40% 3.45%
Above 5 years to 10 years 3.40% No Quote

*The Syndicate Bank Term Deposit interest rates tend to change at the discretion of the bank. The rates of interest in this table are valid as of 10 July 2021.

Syndicate Bank Tax Saving FD Rates

The interest rates for the tax saving FD is as given below:

Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
5 years 5.50% 6.00%

Syndicate Bank NRI FD rates 2021

Syndicate Bank NRO FD Rates

The NRO FD rates are as give below:

Tenure bracket Rate of Interest (per annum)
7 days to 45 days 2.95%
46 days to 90 days 3.90%
91 days to 179 days 4.00%
180 days to less than 1 year 4.45%
1 year only 5.20%
Above 1 year to less than 2 years 5.20%
Above 2 years to less than 3 years 5.40%
Above 3 years to 10 years 5.50%

*The Syndicate Bank FD rates tend to change at the discretion of the bank. The rates of interest in this table are valid as of 10 July 2021.

Syndicate Bank Non-Resident External (NRE) Deposit Rates

The following table provides the Syndicate Bank NRE FD rates*:

Duration Less than Rs.2 cr (% p.a.) Above Rs. 2 cr to less than Rs. 10 cr (% p.a.)
1 year 5.20 3.90
Above 1 year and below 2 years 5.20 3.90
Above 2 years and below 3 years 5.40 3.90
Above 3 years and below 5 years 5.50 3.40
Above 5 years and up to 10 years 5.50 3.40

*The Syndicate Bank NRE FD interest rates tend to change with time. The interest rates given here are valid as of 10 July 2021

Syndicate Bank FCNR (B) Term Deposit Rates

The interest rates* for Foreign Currency Non-Resident (Bank) deposits are provided against the specific foreign currency**:

Loan Amount Interest Rate Duration AUD (% p.a.) CAD (% p.a.) EUR (% p.a.) GBP (% p.a.) USD (% p.a.)
Above 1 year and below 2 years 0.53 0.98 NA 0.57 0.85
Above 2 years and below 3 years 0.69 1.24 NA 0.77 0.99
Above 3 years and below 4 years 0.90 1.49 0.02 0.91 1.22
Above 4 years and below 5 years 1.13 1.71 0.09 1.02 1.44
5 years 1.34 1.86 0.16 1.10 1.60

*The Syndicate Bank FCNR (B) Term Deposit rates tend to change with time. The interest rates given here are valid as of 10 July 2021

**USD- US Dollar, GBP- Pound Sterling, EUR- Euro, CAD- Canadian Dollar and AUD-Australian Dollar

Features & Benefits of Syndicate Bank Fixed Deposits

Some of the features and benefits of the Syndicate Bank FD are:

  • Interest payment is as per the depositor's choice on a monthly, quarterly, half-yearly, or annual basis
  • Loan facility available of up to 90% of the deposit amount
  • Facility of part-withdrawal of deposits in Rs.1,000 units with the balance continuing to earn the contracted interest rate

Syndicate Bank Eligibility Criteria for FD

The eligibility criteria are as given below:

  • Indian citizens
  • Non-Resident Indians
  • Individuals
  • Hindu Undivided Family (HUF)
  • Companies
  • Associations
  • Partnerships
  • Minors under the care of an adult guardian

Documents Required for Syndicate Bank FD Opening

The documents required to open a Syndicate Bank FD are as given below:

  • Application to open FD in the bank's prescribed form.
  • Copy of PAN Card
  • Form 60 or 61 (if there is no PAN Card)
  • Two photographs of the depositor
  • Proof of identity
  • Proof of address
  • Applicable documents for companies, HUFs, proprietorships, companies, or partnership firms

Syndicate Bank Loan Against FD

Loan against FD can be availed for a Syndicate Bank FD up to 90% of the deposit amount.

Nomination Facility on Syndicate Bank FD

Nomination facility is available for fixed deposits offered by Syndicate Bank.

FAQs on Syndicate Bank Fixed Deposit Rates

  1. What is the highest fixed deposit interest rate for Syndicate Bank?

    The highest fixed deposit interest rate for Syndicate Bank domestic term fixed deposit is 5.50% p.a. for a tenure ranging from 3 years and up to 10 years.

  2. Are there any special rates for senior citizens FD of Syndicate Bank?

    Yes, senior citizens are provided an additional interest rate of 0.50% while Super Senior Citizens who are above the age of 80 are provided 0.75% additional interest rate.

  3. Is there any minimum amount that I have to give for opening a Fixed Deposit with Syndicate Bank?

    The minimum amount for opening an FD with Syndicate Bank is Rs.1,000.

  4. Is it possible to change the tenure of my existing fixed deposit account with Syndicate Bank?

    Once a fixed deposit is opened, it is not possible to change the tenure.

  5. In how many years FD will double in Syndicate Bank?

    This will depend on the tenure you have chosen and the contracted rate of interest at the time.

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