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Syndicate Bank
Syndicate Bank is one of the established banks among the
Nationalised banks. This bank has various branches all over the country, Head Office
located in Manipal.
products and services
1. Bhramara Deposit Scheme - A/c can be opened for a period from 1 year
to 10 years. Minimum initial contribution shall be Rs. 10/- per month or in multiple of
Rs. 10 with a maximum contribution of Rs. 5000/-.
2. Fixed Deposit - Period of investment shall be from 4 to 6 days
to 120 days. The deposit amount can be opened with a minimum sum of Rs. 50/-.
3. Social Security Deposit - Salient Features
- Minimum amount accepted under this scheme is
Rs. 1000/-.
- Interest at the end of every calendar month
will be paid discounting the monthly value of interest.
- Where quarterly interest is opted, actual
interest is paid without any deduction by way of discounted value.
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4.
Syndicate Suvidha - Salient Features :
- The account can be opened with Rs. 10,000/- and above,
but in multiples of Rs. 1,000/- for minimum period of 46 days and maximum of 10 years.
- Interest is payable at half-yearly intervals according
to the rate applicable to deposits at the time of opening the account.
- In case of urgent need of funds, the depositor may
withdraw a portion of the amount deposited, in multiples of Rs. 1000/-. There is no
restriction as regards the number of such withdrawals, during the currency of the deposit.
- A single deposit receipt will be issued while opening
the account and partial withdrawals will be marked by the bank on the same receipt.
- On the amount withdrawn the bank will pay interest at
1% less than the rate applicable for the completed period. The remaining amount will earn
interest at the original contracted rate.
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5. Vikas Cash Certificate - Salient
Features
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- It earns compound interest.
- Available in convenient denominations.
- Can be opened for periods from 6 months upto 10
years.
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6. Pragathi Cash Certificate - Salient
Features |
You
may invest a small odd sum for a period ranging from 1 to 10 years in Pragathi Cash
Certificate and get a bigger round sum on maturity. It is issued and convenient
demoninations of Rs. 1000/-, Rs. 10000/- and Rs. 1,00,000/-.
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7.
Cumulative Deposit - Salient Features |
- The deposit amount can be
opened for periods of one year to 10 years with minimum monthly instalments of just Rs.
10/-.
- The deposit shall mature for
payment 30 days/one month after the last instalment is paid or on the expiry of the period
for which the deposit is accepted whichever is later.
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8. Amar Deposit - Salient Features |
- Amar Deposits can be opened for
different periods viz., one to ten years.
- You can open the account for a
period of 1 year to 10 years. Monthly contributions can range from Rs. 10/- upto a maximum
of Rs. 5000/- in multiples of Rs. 10/-.
- One can pay any amount as
monthly instalment which may be equivalent to or more than the initial instalment.
However, monthly instalmens shall not exceed in any month 10 times the initial amount or
Rs. 5000/- whichever is less.
- Interest is calculated on
monthly minimum balance between 10th and last day of the month at the rate applicable to
the period fixed while opening the account.
- Interest is credited to the
account half yearly.
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The
bank also offers vide range of loans for various categories of individuals like personal
loan, vehicle loan, house loan, educational loan. The interest rates applicable may vary
from time to time. |
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