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Syndicate Bank NRI Services

Syndicate Bank NRI services offer banking facilities to all those Indian citizens who stay in abroad either for employment, business or any other purposes. All the products and services are designed just according to the requirements of the NRI customers.

Syndicate Bank NRI Account

Following are the types of NRI accounts that one can open with Syndicate Bank

Non Resident (External) Rupee Accounts (NRE A/Cs): These are the type of savings accounts that are mainly meant for meeting the uncertain expenses that might arise in one’s life. Customers can also open this account jointly. The bank also issues special cheques to the NRI account holders for easy identification process.

Non-resident (Ordinary) Rupee Accounts (NRO A/cs.): These accounts can be operated as Savings, Current, Recurring or Fixed deposit accounts. All the funds maintained in this account are non repatriable that is that the funds of the account holder in the foreign currency cannot be transferred to his or her home currency.

Foreign Currency Non Resident Accounts (FCNR (B) A/Cs): These accounts can be opened in four types of currencies that are US Dollars, Great Britain Pounds, Canadian Dollars and Australian Dollars. One can also get a loan against the deposits.

Resident Foreign Currency Account: This account can be opened by residential Indians. It can be opened in three currencies that are Dollars, Pounds and Euro. No interest is available under this account. All the NRI customers of the bank can at anytime click on the link given below and download the Syndicate Bank NRI account opening form. After filling up the application form with all the details customers are required to submit some important documents that are given below:
  • A cheque or draft.
  • Type of account, period and other important information.
  • Two passport size photographs.
  • Attested copies of passport.

Syndicate Bank NRI Interest Rate

From the table mentioned below one can find the interest rates applicable on the different types of Syndicate Bank accounts, products and services.

AccountInterest Rate (%)
NRE or FCNR Account4.00% p.a.
NRO Account4.00% p.a.
Home Loan 12.00% p.a. (up to 5 years)
13.00% p.a. (Over 5 years and upto 10 years)
NRI Rupee Savings Deposit4.00% p.a.

Syndicate Bank NRI Home Loans

The Syndicate Bank Housing loan scheme is known as SyndNivas. This loan is mainly taken for construction, acquisition or renovation of an existing house. All NRIs having an Indian passport with loan repaying capacity can apply for the loan. A home loan processing charge of Rs 700 on each lacs is imposed by the bank.

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