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.
Save upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD+
Fully Tax-Free* (unlike FD), Life Cover Included
Mentioned below are the interest rates for Domestic Deposits less than Rs 2 Cr (as of Feb 22, 2023):
Tenure | General FD Rate | Senior Citizens FD Rate |
7* days to 45 days | 3.25% | 3.25% |
46 days to 90 days | 4.50% | 4.50% |
91 days to 179 days | 4.50% | 4.50% |
180 days to 269 days | 5.50% | 6% |
270 days to less than 1 Year | 5.50% | 6% |
1 year only | 6.75% | 7.25% |
Above 1 year to less than 2 years | 6.80% | 7.30% |
400 Days | 7.15% | 7.65% |
666 Days | 7% | 7.50% |
2 years & above to less than 3 years | 6.80% | 7.30% |
3 years & above to less than 5 years | 6.50% | 7% |
5 years & above to 10 Years | 6.50% | 7% |
*Rates are applicable only for a single deposit of Rs 5 lakhs. Below that amount, the minimum deposit tenor is 15 days.
BANKS | GENERAL CITIZENS | SENIOR CITIZEN |
Axis Bank FD Rates | 2.50% - 5.75% | 2.50% - 6.50% |
Bandhan Bank FD Rates | 3.00% - 5.00% | 3.75% - 5.75% |
Bank of Baroda FD Rates | 2.80% - 5.25% | 3.30% - 6.25% |
Bank of India FD Rates | 2.85% - 5.05% | 3.35% - 5.55% |
Canara Bank FD Rates | 2.90% - 5.40% | 2.90% - 5.90% |
Central Bank of India FD Rates | 2.75% - 5.00% | 2.90% - 3.25% |
DBS Bank FD Rates | 2.50% - 5.50% | 3.50% - 6.00% |
HDFC Bank FD Rates | 2.50% - 5.60% | 3.00% - 6.35% |
IDFC Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
Indian Bank FD Rates | 2.90% - 5.15% | 3.40% - 5.65% |
Indian Overseas Bank FD Rates | 3.40% - 5.20% | 3.90% - 5.70% |
IndusInd Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
Punjab National Bank FD Rates | 2.90% - 5.25% | 3.50% - 5.75% |
SBI FD Rates | 5.30% - 5.40% | 5.80% - 6.20% |
UCO Bank FD Rates | 2.55% - 5.05% | 3.80% - 6.30% |
Yes Bank FD Rates | 3.25% - 6.25% | 3.75% - 7.25% |
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.
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.
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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
It is advisable to reconfirm the FD Rates from the bank before making any decision based on the data provided below.
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 2023Tenure | 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 |
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 |
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 |
*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable
tax slabs post 31st march 2023
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in