Syndicate Bank introduces two new Term Deposit Schemes

Bangalore, Feb 26 (UNI) Public Sector Syndicate Bank today announced the introduction of two new Term Deposit Schemes - 'Synd 400 Plus' and 'Synd 500 Plus'.

A sum of Rs 25,000 would be the single minimum deposit accepted for both the schemes. While the term of 'Synd 400 Plus' would be 400 days to 499 days, it would be 500 days to less than two years for 'Synd 500 Plus', according to a bank release here.

'Synd 400 Plus' attracted nine per cent interest for deposits less than Rs 15 lakhs and 9.20 per cent for deposits of Rs 15 lakhs and above. 'Synd 500 Plus' attracted 9.25 per cent interest for deposits less than Rs 15 lakhs and 9.40 per cent for deposits of Rs 15 lakhs and above, the release said.

UNI