DEPOSIT, INSURENCE & LOANS IN SYNDICATE BANK

Deposit Products

Current Account

Current Accounts can be opened by individuals, partnership firms, private and public limited companies, HUFs / specified associates, societies, trusts etc.

Savings Bank

Savings Bank Account is aimed at the day to day saving needs of ordinary individuals.

SyndSamanya Savings Bank Account Scheme- No Frills (Zero Balance) Account aimed at persons below poverty line

Eligibility : All individuals

Minimum Balance : Zero Balance

Cash Receipt : No restrictions

No Restrictions for ATM Transaction

Fixed Deposit

A flexible interest earning Term Deposit with minimum deposit amount of Rs.1000/- for a period as short as 15 days or as long as 10 years.

Social Security Deposit

An ideal monthly income plan. All you need to do is to invest a lumpsum amount for a fixed period and receive monthly interest (at discounted rates) or quarterly interest.

Vikas Cash Certificate

An option to receive interest compounded quarterly, at the maturity of the Deposit.

SyndSuvidha

A Fixed Deposit with partial withdrawal facility A flexible and convenient scheme whereby a deposit is made for a fixed period from which amounts can be withdrawn in multiples of Rs.1000/- when needed. Interest is payable every quarter.

Synd Tax Shield Deposit Scheme

The new product SyndTaxShield is drawn on the lines of the Union Government notification on Bank Term Deposit Scheme, 2006 for the purpose of Sec 80C(2)(xxi) of the Income Tax Act.

Eligibility: Individuals / HUF eligible to open an account with the Bank

Minimum Deposit: Rs.100/- and multiples of thereof.

Maximum Deposit: Rs.1 00,000/-per person per annum

Tenure: Minimum of 5 Years

Rate of Interest: 9% p.a.

Insurance Products

Life Insurance

Launch of insurance products is part of Bank’s strategy to emerge as a One-Stop Financial Shop to its multitude of customers by offering a range of Savings, Loan, Life Cover, Income Cover, Risk Cover, Long Term Investment with or without risk cover and also Payment Products. All these add to customer convenience and satisfaction.

This tie-up with Bajaj Allianz makes it easy for customers to buy insurance products.

SyndSuraksha

A Group Life Insurance Cover in association with LIC of India.

The scheme is a Group Term Assurance for the savings bank account holders with very low premium offered in association with LIC of India.

Eligibility- A person having savings bank account in any of CBS branches of our bank either singly or jointly and should have completed 18 years age and not over 59 years of age

The sum assured is Rs.1,00,000/- in case of normal death and Rs.2,00,000/- in case of accidental death.

SyndArogya

SyndicateBank in association with United India Insurance Co. Ltd. has launched

A unique Mediclaim Insurance-cum-Personal Accident Scheme under

brand name SyndArogya for the benefit of account holders

Floater Policy 1+3 (Husband, Wife with two dependent Children) with

premium as per Plan A table and 1+5 (Husband wife with two dependent

Children and dependent Parents) with premium as per Plan B table.

Cover Available to Dependent Parents also as per Plan B. Entry age for

parents also 65 years renewable up to 80 years of age.

Ambulance charge up to Rs.1000/- Maternity Benefits and Baby Care up to

5% of Sum Assured.

Sum Insured Increased to Rs.5/- lacs in multiples of 50000/-.

Cost of Health Check up to 1% of Sum Insured after 3 claim free years.

Hospital cash up to Rs.1,000/- in case of hospitalisation of children up to

12 years age.

Treatment anywhere in India, Nepal or Bhutan in Indian currency.

SyndSMS Banking

SyndicateBank welcomes to another useful facility for the benefit of its tech-savvy customers. A mobile phone can make your banking experience more friendly and enjoyable by allowing you to stay connected with your account at any time. SyndSMS Banking is independent of the handset model and you can avail this facility from most of the service providers (GSM/CDMA). All that you have to do is to enter simple text messages for operating this facility.

Loan Scheme:

SyndSuvidha

SyndicateBank meets the varied personal credit requirements of different classes of people. To meet urgent personal needs / purchase consumer durables like TV, Fridge, Washing Machine, Audio / Video Equipment etc.

Eligibility: Agriculturists

Quantum: 50% of average gross annual income or Rs.1 lakh whichever is less for clean loans. 80% of the durable or 50% of annual income or 0.50 lakh whichever is less.

SyndLaghuUdhyami

Persons / Units eligible for assistance

Business Units Retail, Small and Medium Traders

Artisans, Tiny Sectors

Small Scale Industrial Units

Professional and Self- Employed Persons

Maximum eligible limit Rs.10 lakhs

Credit Guarantee cover (CGMSE) available

SyndMahila

Working & non-working women with an identified source of income or savings:

Age group : 20 to 50years

Min Rs.10,000/-, Max Rs 1,50,000/-.

SyndNivas

Purpose: For construction / acquisition of a house / flat or for acquiring a

site and building a house thereon

For making extensions / renovation to existing house. For NRIs, loan

available for acquisition of house for self- occupation on return to India.

Applicant not more than 55 years of age For salaried class, applicant

should have completed 5 years of service and the remaining period of

service left shall not be less than 5 years

Quantum: 72 months’ gross salary or 5 times of annual agricultural

income.

SyndNivas Plus

To meet genuine personal or business credit requirement.

Eligibility: Housing loan customers of our Bank who have demonstrated a

satisfactory repayment record of 2 years

Subject to a maximum of Rs.3 lakhs.

SyndPigmy

To meet contingency of pigmy depositors with regular contribution of 24

months

3 times pigmy deposit balance with maximum Rs.1,50,000/-.

Repayment: 35 months for loans and overdrafts renewable on yearly basis

SyndRent

To meet urgent personal expenses / credit needs;

Eligibility: Bonafide owners of residential / commercial property

Quantum: 75% of the rental value

Repayment: Not exceeding 60 months

SyndVahan

To buy new / second hand 4-wheeler or new 2-wheeler

Persons having minimum annual income of Rs.1 lakh for 4 wheeler and

Rs.50,000/- for 2wheeler

Quantum: 95% on road price for new vehicle

SyndSaral

To meet urgent personal credit requirements

Eligibility: Permanent employees of Central / State Government Offices /

Undertakings / reputed companies / firms / educational institutions. Non-

salaried class like Doctors / Engineers / Lawyers Chartered Accountants /

Architects / Consultants and Pensioners

Quantum for Clean loan: Salaried Class: 12 months gross salary with

salary credit and maximum Rs.3 lakhs with letter of undertaking from the

employer.

Pensioners: Aged < 65 yrs: 10 months gross pension with a maximum of

Rs.2 lakhs. Aged 65-70 yrs. 6 months gross pension with a maximum of

Rs.1 lakh. Aged >70 yrs: 5 months gross pension-max. Rs.50000/-

Quantum for Non-salaried Class: 50% of gross annual income as per

Income Tax Assessment Order (ITAO) (100% of average gross annual

income, as per TAOs of immediate preceding 3 years) or 60% of value of

immovable property to be mortgaged to the Bank (subject to maximum

amount of Rs. 5 lakhs)

Quantum for Secured Loan: 80% of purchase price of NSC / IVP / KVP if

completed 24 months from date of purchase and 65% of purchase price if

completed 13-23 months); 80% of surrender value of LIC policy / purchase

price of RBI Relief Bonds / other Government securities.

SyndSenior

Pensioners in receipt of regular monthly pension through our Bank from Central / State Governments / Public Sector Units / Defence Establishments.

Quantum details of loan that can be sanctioned based upon age profile of the borrower are as follows: 60-65 years 18 times the gross monthly pension being routed through our Bank Rs. 3 Lakhs. 65-70 years 18 times the gross monthly pension being routed through our Bank Rs. 1 Lakh 50 thousand.

SyndVidya

SyndicateBank has introduced a comprehensive education loan scheme, Syndvidya, which is student responsive and parent-friendly. The scheme makes available finance to cover expenses related to education such as fees payable to College, Hostel, Examination, Library, Laboratory fees, Cost of Books, Equipments, Travel expenses for studies abroad etc. The loan scheme carries liberal limits of Rs.10 Lakhs for courses within the country and Rs.20 Lakhs for overseas courses.

SyndUdyog

Scheme for financing small and medium entrepreneurs

Target Group: Manufacturing Units, Trading Units & Service Entities

Eligibility: Credit requirement of the applicant party / unit shall not be more

than Rs.50 lakhs. The annual sales / revenue turnover of the applicant

party / unit shall not be more than Rs.250 lakhs.

Nature of facility: Overdraft / Loans, Bill limit, LCs / BGs offered in one

package at competitive rates within a predetermined overall limit (not

exceeding Rs.50 lakhs.)

Credit guarantee Scheme (CGMSE) available for SMES

SyndJaiKisan

To simplify the system of credit delivery to the farmers, taking a holistic view on their credit requirement covering entire gamut of expenditure related to investments on Agriculture, Contingencies, Consumption and other pressing social obligations, the Bank has introduced a hassle free, farmer friendly credit scheme called “SyndJaiKisan

All existing farm loan customers from the operational area of the Bank, with satisfactory past track record for a period of 2 years and owning irrigated lands and cultivating at least two crops annually or cash crops or plantation crops. Farmers cultivating single crop with assured irrigation are also eligible.

Farmers engaged in Pisciculture and Scampiculture activity in the farm

ponds established on theirown lands.

Farmers engaged in dairy, goatery, piggery and taking up the activity in a

scientific manner in the farms established on their own lands.

The farmer should have already mortgaged/ created charge on their lands

in favour of the Bank or willing to offer lands as security by way of

mortgage I charge creation to the Bank.

Major portion of the investment should be directly related to farm

development.

For consumption and other pressing social obligation there is maximum

ceiling of 30% of total limit to be sanctioned.

SyndSwarna Express

Personal Loans / OD against pledge of Gold ornaments to salaried professional / self-employed individuals.

Repayment: Repayable within 24 months in case of loan. In case of OD, limit shall be renewed once in two years, interest to be serviced regularly. Reasonable rate of interest & simplified documentation. In case of OD facility, interest will be charged only on utilisation.

NEFT: No amount limit. Best suited for retail customer remittance of below Rs. 1.00 lakh. Funds get credited on- line from any NEFT enabled Bank branch to any NEFT enabled Bank branch across the country. Only Rs.25/- per transaction.

RTGS: Faster remittance of large value transactions of Rs,1 .00 lakh and above from any RTGS enabled Bank branch to any RTGS enaed Bank branch across the country.