The Central Government in consultation with the Reserve Bank of India (RBI) notified the amalgamation of Syndicate Bank with the Canara Bank through a vide gazette notification dated March 4, 2020. The amalgamation came into effect from April 1, 2020. Hence, the customers who had fixed deposit account in the Syndicate Bank were transferred to Canara Bank.
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No Savings A/c Required
FD Starts from Rs 2000
Card Limit = 90% of FD
*Rates are subject to change as per the bank's discretion.
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| Highest slab rate | 7.25% p.a. (444 days) |
| For 1 year | 6.85% p.a. |
| For 2 years | 6.85% p.a. |
| For 3 years | 6.80% p.a. |
| For 4 years | 6.80% p.a. |
| For 5 years | 6.70% p.a. |
| Tax-Saving FD | 6.70% p.a. |
The interest rates are updated as of 25 November 2024
To know more about Canara Bank Fixed Deposits: Click here
Card limit is 90% of FD Amount
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6.5%INTEREST ON FD
Investors can check the maturity amount of their Syndicate Bank Fixed Deposits using paisabazaar’s FD Calculator. The investors need to enter the amount they wish to deposit, preferred tenure of investment and the rate of interest to know how much their investment will be worth at maturity. Alternatively, customers can check the interest and maturity amount for reinvestment schemes using Paisabazaar’s compound interest calculator.
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
