Syndicate Bank FD Rates

The Syndicate Bank FD rates are quite sought after because of the profitable returns. The bank also provides flexible pay-out 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.

Features of Syndicate Bank Fixed Deposit

Investment Amount  Minimum - Rs.1000 Maximum- No Maximum Limit
Tenure  Minimum - 15 daysMaximum- 10 Years
Interest Rate  Minimum - 3.50 %Maximum- 5.45%

Syndicate Bank Fixed Deposit Rates 2020

Syndicate Bank FD Rates in India
Tenure General Public FD Rates Senior Citizen FD Rates
7 days to 45 days 3.50% 3.50%
46 days to 90 days 4.30% 4.30%
91 days to 179 days 4.30% 4.30%
180 days to 364 days 4.85% 5.35%
1 year 5.50% 6.00%
1 year 1 day to 1 year 364 days 5.50% 6.00%
2 years to 2 years 364 days 5.50% 6.00%
3 years to 10 years 5.45% 5.95%

Comparison of FD Rates by Top 10 Financial Institutes

Name Interest Rates Tenure  
Axis Bank 5.75% 5 years to 10 years View Details
Bank of Baroda 5.30% 5 years 1 day to 10 years View Details
Bank of India 5.40% 5 years to 10 years View Details
Canara Bank 5.45% 3 years to 10 years View Details
Central Bank of India 5.35% 5 years to 10 years View Details
HDFC Bank 5.50% 5 years 1 day to 10 years View Details
ICICI Bank 5.50% 5 years 1 day to 10 years View Details
IDBI Bank 5.70% 7 years 1 day to 10 years View Details
State Bank Of India 5.40% 5 years to 10 years View Details
Yes Bank 7.00% 1 year to 10 years View Details

About Syndicate Bank

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 and earn interest on the amount. This the safest form of investment that earns the investor a steady source of income.

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.

For Domestic Deposits - Rs. 2 Cr to less than Rs. 10 Cr (As on September 01, 2020)

Period of Deposit

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 364 days

3.30%

3.35%

1 year

4.55%

4.60%

Above than 1 year to less than 2 years

4.10%

4.15%

2 years and above to less than 3 years

4.10%

4.15%

3 years and above to less than 5 years

3.50%

3.55%

5 years and above to 10 years

3.50%

No Quote

Note: The aforementioned Syndicate Bank FD interest rates are applicable to W.E.F. 01/09/2020. 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.

For NRO Fixed Deposit - Less than Rs. 2 cr (As on Aug 10, 2020)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.)

7 days to 45 days

Less than Rs. 2cr

3.00%

46 days to 90 days

Less than Rs. 2cr

4.00%

91 days to 179 days

Less than Rs. 2cr

4.05%

180 days to 364 days

Less than Rs. 2cr

4.50%

1 year

Less than Rs. 2cr

5.40%

Above than 1 year to less than 2 years

Less than Rs. 2cr

5.35%

2 years and above to less than 3 years

Less than Rs. 2cr

5.35%

3 years and above to less than 5 years

Less than Rs. 2cr

5.30%

5 years and above to 10 years

Less than Rs. 2cr

5.30%

Note: The aforementioned Syndicate Bank FD interest rates are applicable W.E.F. 10/08/2020 and are for NRO fixed deposits that are less than Rs.2 Cr.

For NRO Fixed Deposit - Rs. 2 cr to Less than Rs. 10 Cr (As on September 01, 2020)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (% p.a.) where pre-mature withdrawal is allowed

7 days to 45 days

Rs. 2 cr to Rs. 10 cr

3.05%

46 days to 90 days

Rs. 2 cr to Rs. 10 cr

3.10%

91 days to 179 days

Rs. 2 cr to Rs. 10 cr

3.25%

180 days to 364 days

Rs. 2 cr to Rs. 10 cr

3.30%

1 year

Rs. 2 cr to Rs. 10 cr

4.55%

Above than 1 year to less than 2 years

Rs. 2 cr to Rs. 10 cr

4.10%

2 years and above to less than 3 years

Rs. 2 cr to Rs. 10 cr

4.10%

3 years and above to less than 5 years

Rs. 2 cr to Rs. 10 cr

3.50%

5 years and above to 10 years

Rs. 2 cr to Rs. 10 cr

3.50%

Note: The aforementioned Syndicate Bank FD interest rates are applicable W.E.F. 01/09/2020 and where pre-mature withdrawal is allowed.

Written By: PolicyBazaar - Updated: 03 November 2020
Compare with other Bank
Gold Rate Today Silver Rate Today
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL