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Old 17th December 2015, 03:54 PM
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Join Date: May 2012
Posts: 58,013
Default Re: What is the minimum balance in Syndicate Bank

As you want to get the details of minimum balance required for Savings Account in Syndicate Bank so here is the information of the same for you:

Minimum balance required for Savings Account in Syndicate Bank is Rs 1000/=

These accounts can be opened by eligible person/s and certain organisations / agencies (as approved by the Reserve Bank of India (RBI)

The Bank requires a satisfactory introduction of the person/s opening the account by a person acceptable to the Bank.

The Bank is required to obtain two recent photographs of the person/s opening the account, as per RBI directives.

The account holder is required to maintain certain minimum balance in the account, as specified by the Bank from time to time.

Interest is presently paid on half yearly basis , calculated on a daily product basis, with a minimum of Rs.1/-.

Cheques, dividend warrants drawn in the name of account holder/s will only be collected through this account. Instruments endorsed in favour of the account holder/s will not be collected through savings bank account.

Business transactions shall not be routed through Savings Bank Account. If routed, the Bank will recover the interest paid and may also close the account.

Application Form of Savings Account in Syndicate Bank:

Contact Details:

Syndicate Bank
Naya Bazar,
Rajasthan 305001

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