Syndicate Bank 2024- The Syndicate Bank FD Calculators tool can be found on the bank’s website. The depositor can learn more about the fixed deposit scheme’s interest rate and returns by using the online calculator. Interest rates for a variety of timespans are provided by the Syndicate Bank FD Calculator.
Depending on the investor’s financial objective, he or she can deposit capital for a longer time horizon or for a shorter period of time, like one week or one month. Additionally, the investor receives asset allocation insights from the Syndicate Bank FD Calculator. In a fixed deposit plan, it lets the depositor decide how much capital needs to be divided up.
Syndicate Bank 2024
The returns for a specific time period can be calculated by investors using the Syndicate Bank 2024 Calculator. There are a variety of investor-friendly fixed deposit options offered by the . All members of society are eligible to participate in the fixed deposit scheme. For both domestic and non-resident investors, the offers FD plans. In addition, the bank offers juniors and minors varying interest rates to encourage early investment. Guardians of young children and seniors over sixty are also included in the program.
Corporate entities, like businesses, can use the Syndicate Bank FD Calculator to invest their excess cash and get decent returns. Joint account holders, such as a married couple or a HUF, can also use the Syndicate Bank FD Calculator to estimate returns and evaluate the schemes’ tax advantages. The investor’s age, tax bracket, and the term chosen for the deposit’s maturity period are all taken into account when calculating the interest rate using the Syndicate Bank FD Interest rates Calculator.
Syndicate Bank 2024 Details
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About Syndicate Bank
India’s oldest and most prominent commercial bank is Syndicate Bank. In 1969, the bank was nationalized. On April 1, 2020, the bank merged with Canara Bank. Syndicate Bank’s FD rates will now be determined by Canara Bank’s FD interest rate. Manipal, Karnataka, is the location of the bank’s headquarters. There are 4103 branches of the bank in India, 88 of which were recently established. The bank has supported numerous rural banks, thereby contributing to India’s grassroots development.
The Syndicate Bank fixed deposit scheme lets investors put money down for a set amount of time and get interest on it. This is the most secure type of investment that provides investors with a dependable income stream.
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Syndicate Bank FD Rates in India General Public FD Rates
| Tenure | General Public FD Rates | Senior Citizen FD Rates |
| 7 days to 45 days | 2.90% | 2.90% |
| 46 days to 90 days | 3.90% | 3.90% |
| 91 days to 179 days | 3.95% | 3.95% |
| 180 days to less than 1 year | 4.40% | 4.90% |
| 1 year | 5.00% | 5.50% |
FD Rates in India
It is advisable to reconfirm the Syndicate Bank 2024 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
| 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 |
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For NRE Fixed Deposit – Less than Rs. 2 cr
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (% p.a.) |
| 1 year | Less than Rs. 2cr | 5.00% |
| Above than 1 year to less than 2 years | Less than Rs. 2cr | 5.00% |
| 2 years and above to less than 3 years | Less than Rs. 2cr | 5.10% |
| 3 years and above to less than 5 years | Less than Rs. 2cr | 5.25% |
| Unique 111 days | Less than Rs. 2cr | 5.35% |
| 5 years and above to 10 years | Less than Rs. 2cr | 5.25% |
Read More- Canara Bank 2024 Interest Rate For FD
For NRE Fixed Deposit – Rs. 2 cr to Less than Rs. 10 Cr
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (% p.a.) |
| 1 year | Rs. 2 cr to Rs. 10 cr | 3.65% |
| Above than 1 year to less than 2 years | Rs. 2 cr to Rs. 10 cr | 3.65% |
| 2 years and above to less than 3 years | Rs. 2 cr to Rs. 10 cr | 3.65% |
| 3 years and above to less than 5 years | Rs. 2 cr to Rs. 10 cr | 3.40% |
| 5 years and above to 10 years | Rs. 2 cr to Rs. 10 cr | 3.40% |
FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 0% | For 5 years with interest of 0% |
|---|---|---|
| ₹ 50,000 | ₹ 50,000 | ₹ 50,000 |
| ₹ 1 lakh | ₹ 1,00,000 | ₹ 1,00,000 |
| ₹ 2 lakh | ₹ 2,00,000 | ₹ 2,00,000 |
| ₹ 5 lakh | ₹ 5,00,000 | ₹ 5,00,000 |
| ₹ 10 lakh | ₹ 10,00,000 | ₹ 10,00,000 |
Syndicate Bank FCNR (B) Term Deposit Rates
| Duration | AUD (% p.a.) | CAD (% p.a.) | EUR (% p.a.) | GBP (% p.a.) | USD (% p.a.) |
| Above 1 year and below 2 years | 0.53 | 0.98 | NA | 0.57 | 0.85 |
| Above 2 years and below 3 years | 0.69 | 1.24 | NA | 0.77 | 0.99 |
| Above 3 years and below 4 years | 0.9 | 1.49 | 0.02 | 0.91 | 1.22 |
| Above 4 years and below 5 years | 1.13 | 1.71 | 0.09 | 1.02 | 1.44 |
| 5 years | 1.34 | 1.86 | 0.16 | 1.1 | 1.6 |
How Does a Syndicate Bank FD Calculator Work?
The depositors’ input is taken into account by the Syndicate Bank FD Interest Rates Calculator, which takes into account a variety of factors. For instance, when determining the interest rate, the calculator takes into account the age of minors and senior citizens. Young investors and senior citizens typically receive higher interest rates from the Syndicate bank FD. The principal amount for adults aged 18 to 60 is taken into account by the Syndicate Bank FD Interest Rates Calculator.
For domestic investors and NRI entrepreneurs, the bank offers attractive rates. The depositors need to be aware that returns on longer-term deposits are significantly higher. When it comes to preparing and planning one’s financial objectives, the Syndicate Bank FD Interest rates Calculator works well. The following table displays the Syndicate Bank FD Interest Rate Calculator:
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Interest rates for Local Fixed Deposits less than Rs 2 Crore
| Period | Rate of interest percentage per annum for the general public | Annualized Interest yield percentage per annum for the general public | Rate of interest percentage per annum for senior citizen
| Annualized Interest yield percentage per annum for senior citizen |
| Seven days to 45 days | 2.95 | 2.98 | 2.95 | 2.98 |
| 46 days to 90 days | 3.90 | 3.96 | 3.90 | 3.96 |
| 91 days to 179 days | 4.00 | 4.06 | 4.00 | 4.06 |
| 180 days to less than 1 Year | 4.45 | 4.52 | 4.95 | 5.03 |
| One year only | 5.20 | 5.30 | 5.70 | 5.82 |
| one year and upwards to less than two years | 5.20 | 5.30 | 5.70 | 5.82 |
| Two years and upwards but not exceeding three years | 5.40 | 5.51 | 5.90 | 6.03 |
| Three years and upwards but not exceeding five years | 5.50 | 5.61 | 6.00 | 6.14 |
| Five years & above to 10 Years | 5.50 | 5.61 | 6.00 | 6.14 |
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