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Syndicate Bank unveils new deposit scheme ‘Synd Disha’

06 Feb 2014 Evaluate

Syndicate Bank has launched a new deposit scheme ‘Synd Disha’, with a tenor of 444 days and carrying an interest rate of 9.25%. The bank will announce its formal launch on February 06, 2014.

The scheme, Synd Disha, is mainly targeted at pensioners and middle-range investors Senior citizens will be offered 9.75% interest under the scheme, in which an amount less than Rs 10 crore can be deposited.

The deposit is applicable to all domestic investors, NRE and NRO investors and through this scheme will be open for a limited period and the bank hopes to mobilize Rs 10,000 crore.

Peers
Company Name CMP
State Bank Of India 958.10
PNB 116.80
Bank Of Baroda 236.00
Canara Bank 119.50
Union Bank Of India 172.30
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