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Interest Rates


(w.e.f. 05/08/2019 )

Sr No. Period of Deposit/ Tenors

Rate of Interest (% p.a.)

Less than ₹ 2 cr

Rate of Interest (% p.a.)

₹ 2 cr to less than ₹ 5 cr

1 7 to 45 days 4.75 4.75
2 46 to 90 days 5.75 5.75
3 91 days to Less than 1 Year 6.00 6.00
4 1 Year exact 6.50 6.50
5 Above 1 Years to upto 2 years 6.70 6.70
6 Above 2 Years to upto 5 Years 6.50 6.50
7 Above 5 Years to 10 Years 6.50 6.50

*Synd 400, Synd 500 and SyndSmartShe schemes stand withdrawn w.e.f 05.08.2019. The exiting accounts shall continue at the contracted rates till maturity.

  • Acceptance of deposits of ₹ 5 crores and above is at the discretion of the Bank. For accepting / renewing term deposits of ₹ 5 crores and above, branches have to get prior permission of CO:BS&P Department through respective ROs. It shall be noted that deposits of ₹ 5.00 crores and above are to be accepted only at the designated Branches.
  • Additional interest of 0.50% over the card rate is payable to Resident Indian Senior Citizens on Domestic Term Deposits of less than ₹ 1.00 Crore and the maturity tenor of above 180 days. w.e.f 16.07.2018(Not applicable to NRO deposits).
  • Employees / eligible Ex-employees, other than those who come under the category  mentioned in volume VII, Point No. 7.2.27(MOI), are eligible for an additional interest of 1%over the card rate irrespective of the amount and tenor of deposit  (Not applicable on NRO deposits / Capital Gain Accounts Scheme 1988), for the deposit made out of their known/declared income only.
  • Eligible ex-employees, who are Senior Citizens and eligible for an additional interest of 1% payable to employees / eligible ex-employees are also eligible for an additional interest of 0.50% payable to Resident Indian Senior Citizens on domestic term deposits of less than ₹ 1.00 Crore & maturity tenor above 180 days only.
  • 0.75% extra on the applicable deposit rates for war widows & differently abled personnel, whose salary/pension is being routed through our Bank. The benefit of additional interest 0.75% will be capped at 0.75% including additional interest available for senior citizens. (Circ No 457/2015) 
  • For rate of interest on deposits of ₹ 5.00 Crores and above, please contact the nearest branch.

Note :

The above rates are subject to revision from time to time.

Customers may contact the nearest branch of Syndicate Bank for details.

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