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  • Syndicate Bank RD Interest Rates

    SYNDICATE BANK RECURRING DEPOSIT
     4.5 / 5.0   by 5 users
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    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Tenure Less than Rs. 1 crore (Per annum) Rs. 1 crore - Rs. 10 crore (Per annum) Rs. 10 crore - Rs 25 crore (Per annum) Rs. 25 crore - Rs. 50 crore (Per annum) Rs. 50 crore - Rs. 100 crore (Per annum) Rs. 100 crore and above (Per annum)
    1 year exact 6.6 6.25 5.5 5.5 5.5 5.5
    Above 1 year to 2 years 6.6 6.25 5.5 5.5 5.5 5.5
    Above 2 to less than 5 yrs 6.7 6.25 5.5 5.5 5.5 5.5
    Exact 5 yrs 6.7 6.25 5.5 5.5 5.5 5.5
    Above 5 to 10 yrs 6.7 6.25 5.5 5.5 5.5 5.5

    Get the Best Rates for a Syndicate Bank Recurring Deposit

    Recurring deposits are a great way to save money without feeling the pinch. Contribute a fixed amount over a period of time to receive a lump sum plus accumulated interest at the end of the tenure. Money saved will always come in handy to meet financial commitments or investments in the future. To open an RD with Syndicate Bank you need to deposit at least Rs. 100 per month. The tenures range from 12 months to 10 years. The monthly minimum balance in the RD account will earn compound interest that is calculated every quarter. Another attractive feature about a Syndicate Bank RD is that no tax is deducted from the interest earned. In case you delay you monthly contribution, Syndicate bank accepts the deposit with a nominal penalty fee. Loans are also offered against recurring deposits for up to 95% of the deposit amount. This amount depends on the length of the tenure left. There is also a nomination facility available.

    Syndicate Bank Short Term Recurring Deposit Interest Rates

    Short term RDs in Syndicate bank will be of above 1 year to 2 years terms. These deposits attract 7.00% to 6.75% interest per annum. For deposits less than Rs. 1 crore for a period of above 2 years to less than 5 years, you will receive interest of 6.75% per annum. For deposits above Rs. 1 crore to 10 crores, the interest rate is 6.25% per annum. If your deposit exceeds Rs. 50 crore, the interest rate is 6.00% to 6.25% per annum.

    Syndicate Bank Medium and Long Term Recurring Deposit Interest Rates

    Medium term deposits attract the same interest rate as short term RDs. But if you invest for a period of 10 years, then the interest rate falls to 6.50% per annum for the amount of less than 1 crore and 5.75% interest falls above 1 crore amount to 10 crores your deposit. You will earn greater interest over the period of 10 years.

    Syndicate Bank Senior Citizen Recurring Deposit Interest Rates

    Senior Citizens who open domestic RDs of less than Rs. 5 crore for a period of 1 year or more are eligible to receive an interest rate that is 0.50% above the regular rate card. This is payable only to resident Indians.

    Syndicate Bank Employees and Ex-employees Recurring Deposit Interest Rates

    Employees and ex-employees of Syndicate Bank are entitled to an additional interest of 1% per annum on their deposits irrespective of the deposit amount or tenure. This is not applicable on NRO deposits. If an ex-employee is a senior citizen, they are eligible for 1% + 0.50% per annum extra interest. This is applicable only to domestic RDs of less than Rs. 5 crore for a period of 1 year.

    Syndicate Bank NRE/NRO Recurring Deposit Interest Rates

    The interest rates offered on NRE and NRO recurring deposits are the same as the domestic RD rates. NRIs can open recurring deposits for 1 year to 10 years. NRE deposits are not eligible for the additional interest rate for employees, ex-employees and senior citizens.

    More you need to know about Recurring Deposit

    Read More Articles On RD

    News About Syndicate Bank Recurring Deposit Interest Rates

    • Syndicate Bank Revised Recurring Deposit Rates

      Recurring Deposits are the best way to save money without feeling a pinch in your income. Syndicate Bank offers attractive rates of interest on their RDs depending on the size of your investment and the duration of the deposit. For deposits of less than Rs.1 crore, interest rates range between 6.75% p.a. and 7.50% p.a. For deposits within Rs.1 crore and Rs.10 crore, the interest ranges between 6.00% p.a. and 7.00% p.a. Deposits of Rs.10 crore to Rs.100 crore and above will earn interest in the range of 6.00% to 7.00% p.a. The highest interest rate offered is on a deposit of less than Rs.1 crore for exactly 1 year tenure. Customers can earn 7.50% p.a. The lowest interest rate offered by Syndicate Bank on their RD scheme is 6.00% p.a. payable on deposits above Rs.1 crore for tenures of 5 years and above.

      1st July 2016

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    Syndicate Bank RD Rates Reviews

  • Page 1 of 1
    • Syndicate Bank Recurring Deposit
      "Good "
      SYNDICATE BANK
      0.5 3.0/5 "Satisfactory"
      I have recurring deposit with Syndicate bank and the interest rate is around 9.5% for the term of one year. If so I withdraw the money before the term got over they will charge penalty from the interest what I earned. Customer service is good with the Syndicate bank.
      Was this review helpful? 10
      , chennai
      Reviewed on Jun 28, 2016
    • Syndicate Bank Recurring Deposit
      "High charges"
      SYNDICATE BANK
      0.5 4.0/5 "Great!"
      The service provided by Syndicate bank based on the recurring deposit is really good.I do have this account for last 10years.The amount deposited gets doubled after completion of 8years.I pay around 1500Rs every month in the account.They do apply high charges for the account in yearly basis.
      Was this review helpful? 2
      , shimoga
      Reviewed on Sep 10, 2015
    • Syndicate Bank Recurring Deposit
      "Financial partner"
      SYNDICATE BANK
      0.5 4.0/5 "Great!"
      I had the experience of the recurring deposit with the Syndicate bank. The rate of interest is 8.5% and the minimum lock in period is 11 months. The services are okay with them. Online banking is not user friendly. 0.5% is the penalized amount if we withdraw money before minimum lock in period.
      Was this review helpful? 2
      , sivagangai
      Reviewed on Aug 25, 2015
    • Syndicate Bank Recurring Deposit
      "Simple process"
      SYNDICATE BANK
      0.5 5.0/5 "Blown Away!"
      I am holding a RD with Syndicate bank. Its a simple one, through one of my friend this deposit was opened and he recommend this. Once after the RD was matured I got a good amount. This RD was opened at the branch and there was no issues while closing this RD and it was closed in a good way,
      Was this review helpful? 4
      , bangalore
      Reviewed on Aug 17, 2015
    • Syndicate Bank Recurring Deposit
      "Fabulous"
      SYNDICATE BANK
      0.5 5.0/5 "Blown Away!"
      The customer service provided by Syndicate Bank was good for my recurring deposit. I just opened the account through online and I make my payments every month. And after 12 months I will be getting the full amount along with the interest. The due date given to me is 5th of every month and if in case I fail to pay then I will have to pay a late fee charges.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Mar 12, 2015
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