SYNDICATE BANK FREE
NRI Banking–It also caters its products and services to NRI clients such as remittances services, western union money transfer, loans against term deposit, currency exchange etc.ġ) ASBA:Syndicate Bank introduced a new hassle free solution for investment in Public Issues and Rights Issue called Application Supported by Blocked Amount (Synd ASBA) as per the SEBI guidelines. The bank provides cash management services, loans, RTGS, etc. It offers various kinds of loans such as tractor loans, loans to repay debts and many more other services.Ĭorporates banking– It caters services from large corporates to small and medium enterprises. It offers saving accounts, deposit scheme, current accounts, personal loans, housing loans, cash etc.Īgricultural Banking– With an objective to cater agricultural population, it has introduce many products and services to cater their requirements. Personal Banking– Under this segment it offers banking products and services for age groups starting from children to senior citizen. The bank is engaged in following business:
Much later in 1963 the name was changed to Syndicate Bank.
Under its Pigmy Deposit Scheme started in 1928, the bank used to collect 2 annas daily at the doorsteps of the depositors through its Agents. It was established by three visionaries Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician with an intention to provide financial support to the local weavers. Syndicate Bank was founded in 1925 under the name 'Canara Industrial and Banking Syndicate' in Udupi, Karnataka with seed capital of Rs.8000.
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