Fixed Deposit Rate of Syndicate Bank

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 60 days 4.75% 5.25%
61 days to 179 days 5.50% 6.00%
180 days to 364 days 6.25% 6.75%
1 year 6.80% 7.30%
1 year 1 day to 4 years 364 days 6.50% 7.00%
5 years to 10 years 6.00% 6.50%

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Syndicate Bank is the oldest and one of the major commercial banks of India. The bank was nationalized in 1969. 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 to deposit an amount for a fixed period of time and earn interest on the amount. This the safest form of investment that earns the investor a steady source of income.

The Syndicate Bank FD rates are quite sought after because of the profitable returns. The bank also provides flexible payout options.

Syndicate Bank FD rates are dependent on various factors and change with changes in those factors. The first important factor is the period of deposit. The longer the investor invests the amount the higher will be the interest and the same pattern works for the amount deposited.

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.

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