Syndicate Bank FD Interest Rates

Syndicate Bank FD Rates in India

Mentioned below are the interest rates for Domestic Deposits less than Rs 2 Cr (as of Feb 22, 2023):

*Rates are applicable only for a single deposit of Rs 5 lakhs. Below that amount, the minimum deposit tenor is 15 days.

The next important factor is the economic conditions of India. When the economy is growing at a great pace the demand for credit increases and the bank turns to its resources to lend the money. This will cause an increase in the FD rates as banks want cash to lend out.

About Syndicate Bank

Syndicate Bank is the oldest and one of the major commercial banks in India. The bank was nationalized in 1969. The bank was merged with Canara Bank on the 01st of April 2020. The rate of interest of Canara Bank for FDs will now apply to Syndicate Bank FD rates. The bank has its headquarters in Manipal, Karnataka.

The bank has 4103 branches spread across India and 88 out of these 4103 branches were opened recently. The bank has sponsored many rural banks and has thus contributed to the development of India at the grass-root level.

Syndicate Bank fixed deposit scheme offers investors the to deposit an amount for a fixed period and earn interest on the amount. This is the safest form of investment that earns the investor a steady source of income.

About Syndicate Bank Fixed Deposit Interest Rate Calculator

Syndicate Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

• The amount that is invested

• The Rate of Interest offered

• The tenure of the Fixed Deposit Account

• The compounding period, that is, yearly, half-yearly, quarterly, or monthly

• The FD Amount

Once entered the following details, an investor will come to know:

• The maturity value of the FD

• The total interest earned during the complete tenure

Syndicate Bank FD Rates in India

It is advisable to reconfirm the FD Rates from the bank before making any decision based on the data provided below.

1. For Domestic Deposits - Rs. 2 Cr to less than Rs. 10 Cr (As of August 09, 2021)

   Period of Deposit	Callable (%)	Non-Callable (%)
   7 days to 45 days	2.90%	NA
   46 days to 90 days	3.10%	3.10%
   91 days to 179 days	3.25%	3.25%
   180 days to less than one year	3.25%	3.25%
   1 year	3.65%	3.65%
   Above than 1 year to less than 2 years	3.65%	3.65%
   2 years and above to less than 3 years	3.65%	3.65%
   3 years and above to less than 5 years	3.40%	3.40%
   5 years and above to 10 years	3.40%	No Quote

   Note: The aforementioned Syndicate Bank FD interest rates apply to W.E.F. 09/08/2021. The non-callable deposits are bulk deposits wherein premature withdrawal is not allowed. The facility of auto-renewal is also not available for non-callable deposits. The bank does not accept bulk deposits under this segment for tenures that are below 46 days and above 5 years.

   
   *Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
   All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

2. For NRE Fixed Deposit up to Rs. 2 cr (w.e.f. 19 December 2022):

   Tenure	Interest Rates (% p.a.) of Deposits less than Rs 2 crore
   1 year	6.75
   Above 1 year to less than 2 years	6.80
   666 days	7.00
   2 years to less than 3 years	6.80
   3 years to less than 5 years	6.50
   5 years to 10 years	6.50

3. Canara Bank NRE FD Rates from Rs. 2 cr to less than 10 cr (w.e.f. 19 December 2022):

   Tenure	Interest Rates (% p.a.) of Deposits less than Rs 2 crore
   1 year	6.75
   Above 1 year to less than 2 years	6.80
   666 days	7.00
   2 years to less than 3 years	6.80
   3 years to less than 5 years	6.50
   5 years to 10 years	6.50

4. NRO Fixed Deposit of Rs. 2 cr less than Rs. 10 cr (As of Feb 22, 2023):

   Tenure	Interest Rates (% p.a.)
   7 days to 45 days	2.90
   46 days to 90 days	3.10
   91 days to 179 days	3.35
   180 days to 269 days	3.35
   270 days to less than 1 year	5.75
   1 year	6.00
   Above 1 year to less than 2 years	6.00
   2 years to less than 3 years	6.00
   3 years to less than 5 years	6.00
   5 years to 10 years	3.40