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Find Syndicate Bank IFSC & MICR Code

Syndicate Bank IFSC Code

The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.

The Syndicate Bank IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'SYNB', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.

How to Search for Syndicate Bank IFSC Codes?

If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Syndicate Bank branch. If you are looking for online IFSC Code of Syndicate Bank you can find here in Goodreturns.

State Wise Syndicate Bank IFSC & MICR Code

About Syndicate Bank

Syndicate Bank is yet another government owned bank that has decades of existence and growth to its credit.  The bank was established way bank in 1925 by three visionaries in Udupi. Since than it has grown manifold and emerged as an established and well entrenched player in the banking industry in India.

An interesting tit-bit on Syndicate Bank

The bank had started a Pigmy Deposit Scheme way back in 1928. It used to collect 28 annas in that year. Today, the scheme still continues. The one big difference is that the scheme today the bank collects as much as Rs 2 crores under the scheme.

Syndicate Bank and rural development

Syndicate Bank has had a big role to play in rural development, through a series of initiatives. In 1975, Syndicate Bank Sponsored the First Regional Rural Bank of the country- ‘Prathama Bank, which opened at Moradabad in Uttar Pradesh.

Kissan Credit Card, Syndicate Farm House, Syndicate Rural Development Trust, Synd Swarozgar Credit Card, Syndicate Kisan Samrudhi Credit Card, Synd Jaikisan, SyndKisan Sathi and Homestead Farming, are some of the initiatives that the bank has taken towards rural development.

Variety of banking services

Syndicate Bank today provides a host of services including loans, deposits, credit cards, efiling etc. The company also manages exchange houses in different locations in the Middle East.

Its e-services include Aadhar Seeding, internet banking, mobile banking, SMS banking, online tax payment etc.

Since Syndicate Bank has a host of branches, it is important to have the IFSC code of each branch. We have provides you with the IFSC Code of Syndicate Bank branches in the country.

Format of Syndicate Bank IFSC Code

In order to identify transactions made through that branch, each branch of a bank in India has a particular IFSC code allocated to it.

IFSC code allocated to it. Alphanumeric, unique codes are IFSC codes and by using the IFSC code or MICR code of his / her particular bank branch one can perform electronic fund transfer or online transactions. The use of these codes is obligatory for all banks in India to perform online transactions. When one transfers money, the IFSC code guarantees that there is no uncertainty. The code for IFSC consists of 11 characters. Three sections are included: the first four characters are alphabets that reflect the bank 's name, then following the figure ‘0’ which is kept for future use, usually, the final six characters are numbers that signify a specific branch of a bank. For instance: IFSC code of Syndicate Bank Chandigarh, Chandigarh Branch is SYNB0009650

On the above example the first four letter ‘SYNB’ reflects the bank’s name i.e. Syndicate Bank

‘0’ is kept for future use

The last 6 digits ‘009650’ reflects the branch of the bank i.e. Syndicate Bank Chandigarh, Chandigarh Branch 

How to find the IFSC And MICR Codes of Syndicate Bank Online?

Anyone can uncover a bank's IFSC codes and MICR codes if they remember the bank's full name and the branch they are searching for. For instance, if the IFSC code of a specific branch of Syndicate Bank is needed, it can be identified easily and is printed on Syndicate Bank's cheque books / leaves. The Reserve Bank of India provides a full list of the IFSC codes of all the banks in India. Conversely, to find the IFSC code, you must log in to the bank's official website. You can also log in to the financial websites of a third party, such as Goodreturns.in, to find this specific. By browsing on to Goodreturns, a full list of IFSC codes for almost all the banks in India, including Syndicate Bank, will be introduced to you. The procedures you can take to get the IFSC or MICR codes are as follows: 

  • Visit Goodreturns.in and select ‘Banking’ from the top bar of the page
  • Now click on ‘IFSC Code’ option and then on the next page you need to select your bank’s name, branch, state and city
  • Now click on ‘Find Bank’ option and instantly you will get the specific IFSC Code of your selected bank branch along with the phone number, address of the branch, name, branch code etc.

Details required to make fund transfer using Syndicate Bank NEFT and RTGS facilities

As a Syndicate Bank's customer, allowing online fund transactions using NEFT or RTGS services is an efficient and comfortable task.

National Electronic Funds Transfer (NEFT)

The process operates based on Deferred Net Settlements as you transfer funds using NEFT or National Electronic Funds Transfers. It is performed on an hourly basis, which indicates that batches are pushed out. In case you have debited the balance within the time-frame defined by the bank, the receiver will be credited on the same day. If not, on the next working day, the amount will be settled. To use the NEFT service at Syndicate Bank, you will need the following details:

  • Name of the beneficiary as per his / her bank account
  • Name of the bank and particular branch of the beneficiary
  • Bank account number of the beneficiary
  • IFSC code of the receiver’s bank branch
  • Amount to be transferred to the beneficiary

Charges required to use NEFT transactions at Syndicate Bank:

  • Up to Rs.1 lakh- NIL
  • Rs. 1 lakh to Rs 2 lakh- Rs. 15 /- per transaction + applicable tax
  • Above Rs 2 lakh- Rs. 25/- per transaction + applicable tax

Real Time Gross Settlement System (RTGS)

Unlike NEFT, the Real Time Gross Settlement System (RTGS) involves completing transactions on an individual transaction level, which ensures that the transfer of transfers is separately arranged and not batch-wise. RTGS may be the best choice if you are searching for the fastest way to transfer money. It is not only one of the fastest forms of transfer of funds, but it is also one of the easiest. Syndicate Bank assumes that all of the transfers are completed on the same day that the fund is debited by the customer, unless it has been completed beyond the time period specified. To use the RTGS service at Syndicate Bank, you'll need the below listed specifics.

  • Name of the beneficiary
  • Bank and branch name of the beneficiary
  • IFSC code of the beneficiary’s bank branch
  • Amount you need to transfer to the beneficiary 
  • Bank account number of the beneficiary

Charges required for using Syndicate Bank RTGS fund transfer system

  • For an amount of Rs. 2 lakh to Rs.5 lakh: Rs. 25/- per transaction + ‘applicable taxes
  • For an amount of Rs. 5 lakh and above: Rs. 50/- per transaction + ‘applicable taxes

Alternatives to find Syndicate Bank IFSC Code

Specifics, such as the name of the payee, account number, IFSC code of the receiving branch of the Syndicate Bank, and the amount, must be provided in order to transfer funds to the Syndicate Bank's beneficiary account of a specific branch. Once all these specifics have been provided by the remitter, the transfer of funds is performed where the IFSC code helps to define the receiving bank's appropriate branch in order to complete the transaction. Syndicate Bank customers can use the following methods to check for the IFSC Code & MICR Code of a specific branch:

Syndicate Bank Cheque Book: At the top of the Syndicate Bank's cheque, the IFSC code is printed, while the cheque number and MICR code can be found at the bottom of the cheque. 

Syndicate Bank Passbook: It is also possible to search Syndicate Bank's IFSC Code on the bank passbook of the account holder. Additionally, to find these financial system codes, account holders can also access the official site of the Reserve Bank of India.

Syndicate Bank Net Banking and Mobile Banking App: The IFSC and MICR code can also be found by bank account holders on the mobile banking application of Syndicate Bank and the net banking platform supported by the bank.    

All You Need To Know About Syndicate Bank NEFT

With all NEFT-enabled banks in the country using their specific internet banking accounts, all Syndicate Bank customers can use NEFT services. NEFT is a quick, easy and secure system of fund transfer that is used from anywhere in India to transfer money from one bank account to another bank account. In order to conduct an NEFT transaction, one must provide the account information of the payee / beneficiary and the IFSC code without which an NEFT transaction can not be conducted. The Reserve Bank of India (RBI) controls and governs the NEFT system. To use NEFT services, one must have an active net banking account. 

How to transfer funds via NEFT from Syndicate bank to another bank account?

  • Visit the Syndicate bank website and sign in to your account using the required credentials.
  • Now go to the ‘Payment’ section and click on ‘NEFT’
  • Fill the required details of beneficiary, payment and other related details and then click on ‘Initiate’
  • Now verify the provided details and click on ‘Confirm’
  • Under the  ‘Transaction Initiation Authorization’ page, enter the ‘Passcode’ and click on the ‘Submit’ option.

Procedure to add beneficiary

  • Visit the Syndicate bank website and sign in to your net banking account using your username and password
  • Head to the ‘Beneficiary Maintenance’ section and click ‘Create Beneficiary’
  • Fill all the required details of the beneficiary such as name, bank and branch details, account number and IFSC code
  • Once you fill all the details, verify it and click on ‘Add’

Procedure to pay credit card dues via Syndicate Bank NEFT

Please keep in mind that Syndicate Bank NEFT transactions will be accepted Monday to Saturday during the bank's operating hours. On bank holidays, NEFT facilities will not be operational.

  • Visit Syndicate Bank net banking portal and sign in to your account using the required credentials i.e. username and password
  • Now add your credit card as a beneficiary and trigger online transfer using NEFT method to the beneficiary
  • Once your transaction is successful you will get a confirmation message on your registered mobile number

Key details required to fill:

  • Name of the beneficiary’s bank
  • IFSC Code of the beneficiary’s bank branch
  • Name of the beneficiary’s branch and bank account number of the beneficiary
  • Transaction code

Syndicate Bank NEFT charges

You must consider that for all Syndicate Bank NEFT transactions, GST charges may be imposed. Also, please be aware that the below-listed rates are for each successful transaction.

  • For an amount up to Rs.1 lakh: Nil
  • Above Rs.1 lakh to Rs.2 lakh: Rs.15
  • Above Rs.2 lakh: Rs.25

Key advantages of Syndicate Bank NEFT

  • No any risk of fraudulent activities and unsuccessful transaction
  • The flexible and safe money transfer approach
  • The fund transfer mechanism is regulated by the Reserve Bank of India (RBI) and is thus a trustworthy and well-founded process.
  • The transaction fee is minimal, which makes the method more efficient and hassle-free.

Cons of Syndicate Bank NEFT

  • Not as efficient and effective as IMPS. The transfer is instantaneous in the case of IMPS, but the NEFT transfer is performed in a batch-wise phase.
  • NEFT services are not accessible on bank holidays.
  • In an emergency, this service can not be used for transferring funds as there might be some delays for a successful transaction

Procedure to transfer fund via IMPS, Syndicate Bank

Know how Syndicate Bank IMPS facilities can be used to transfer money immediately. Syndicate Bank IMPS (Immediate Payment Services) immediately transfers funds of up to Rs 50,000 within a matter of seconds to any bank account in India. This is the instant fund transfer facility offered by the Syndicate Bank to all its customers. Any account holder of Syndicate Bank now, i.e. Saving Account, Current Account, Staff Account, Overdraft etc. can use NPCI services to make transfers and payments from their mobile phone, i.e. using IMPS.

IMPS can be used in Syndicate Bank's mobile banking app for transferring interbank funds. Customers can also transfer the money straight via their mobile, under which transaction becomes successful immediately. NPCI has set a cap for fund transfer using mobile number or IFSC along with account number or Aadhaar. 

Procedure to register for mobile number for IMPS at Syndicate Bank 

Customers should download the application form needed from the 'www.syndicatebank.in' website or visit the branch to access the application form.

The branch where the account is being operated should be provided with the filled application form

A confirmation SMS will be sent to the customer regarding the mobile banking facility extended to his / her account.

Using the Green PIN facilities, customers can register and trigger the Mobile Banking facilities and generate the MPIN immediately.

Syndicate Bank RTGS Form

The RTGS payment facility is one of the best payment facilities that different banks provide to its customers. It is possible to make such transactions through the bank or through online means. When you fill out the Syndicate Bank RTGS form, you will need to have the beneficiary's bank account information as well as your bank account details and cheque book. The bank provides all its customers with RTGS payment services, and the bank charges a fee in lieu of delivering this facility. 

Syndicate Bank RTGS payment

Here are the steps to follow if you want to make an RTGS payment from your Syndicate Bank account by visiting the bank:

  • You'll need to locate the RTGS form for the Syndicate Bank.
  • Enter the date on which you need to initiate the payment
  • You will see a section to fill bank account details after this. You will need to correctly add the details of your bank account respectively.
  • Also, enter the details of the cheque and specify the date of the cheque and the same serial number.
  • The name, account number and bank information of the beneficiary will have to be mentioned in the section ‘Provide the beneficiary account details’
  • Next, you will need to insert the beneficiary account's IFSC code.
  • And at last, you need to sign the form to authorize the payment.
  • You will have to submit it to the official after filling out the Syndicate Bank RTGS form, who will check the information and process the transfer.

Syndicate Bank NEFT Form

Syndicate Bank offers both online and offline NEFT services. If Syndicate Bank customers are unsuccessful to access their net banking or mobile banking account, by reaching the bank branch and using the Syndicate Bank NEFT Form, they can make transactions offline. In the ways listed below, customers can use the NEFT service:

Offline

  • The specifics needed when filling out the Syndicate Bank NEFT Form Offline are listed below.
  • Name, account number, IFSC code of the recipient
  • Account type of the recipient
  • Name, account number and IFSC code of the sender
  • Amount to be transferred by the remitter to the recipient

Online

  • The following are the specifics needed when filling out the Syndicate Bank NEFT Form online:
  • Name, account number, IFSC code of the recipient
  • Account type of the recipient
  • Name, account number and IFSC code of the sender
  • Select NEFT fund transfer option in case of online method
  • Amount to be transferred by the remitter to the recipient

Syndicate Bank NEFT Timing

Credit to the account of the beneficiary shall be released within two working days of the confirmation of the transaction request. Transfers of funds made after 6:00 PM on weekdays and 3:00 PM on Saturdays will be operated on the next business day as stated. 

Note: Customers will be unable to make any NEFT transactions on the specified holidays.    

How To Add Payee In Syndicate Bank Mobile Banking App?

Adding the beneficiary in the Syndicate Bank Mobile app can be done using both IFSC and MMID option. Hence, by following the below-listed steps you can initiate the same.

Using IFSC

  • Open the Syndicate app in your mobile phone and head to the ‘Transfers’ tab
  • Now tap on the ‘Add Beneficiary Using IFSC’ option and enter name of the beneficiary, account number, IFSC, MPIN and then tap on ‘Submit’.

Using MMID

  • Open the Syndicate Bank Mobile App and navigate to ‘Transfers’ tab
  • Tap on ‘Add Beneficiary Using MMID’ and enter name of the beneficiary, account number, MMID and MPIN
  • Now tap on ‘Submit’ and you are done

Steps to make fund transfer using Syndicate Bank Mobile App after adding the beneficiary

  • Open the Syndicate Bank Mobile App and navigate to the ‘Transfer’ tab
  • Now tap on ‘View Beneficiary’ and select the beneficiary to whom you want to transfer
  • Tap on ‘Submit’ and enter the amount to be remitted and then tap on ‘Submit’
  • Now enter your MPIN in order to complete the procedure

Steps to delete beneficiary in Syndicate Bank online

  • Open the Syndicate Bank mobile app and go to the ‘Transfer’ tab
  • Now tap on ‘Delete Beneficiary’ and select the beneficiary to whom you want to delete.
  • Now tap on ‘Delete’ in order to confirm and you are done.

Syndicate Bank Working Hours

In India, Syndicate Bank is a widely known bank. It supports corporations and clients with its banking and financial services. If you intend to visit the bank for any banking or non-banking transactions, then you can consider the timing of India’s most trusted bank i.e. Syndicate Bank. Syndicate Bank continued working from 10:00 AM to 4:00 PM from Monday to Saturday (except 2nd & 4th Saturdays) as usual after the COVID-19 lockdown. In the aftermath of India's coronavirus epidemic, Syndicate Bank limited its operations towards essential banking services, such as cash deposits/withdrawals, cheque clearance, money transfers and government transactions. However, for the customers, the bank has restored all its activities. In order to ensure adequate social distancing, sanitation and cleanliness, extra measures are taken at the bank. While entering and leaving the branch, customers visiting the bank must wear a face mask and use hand sanitizer. The bank advises its customers to rely on the government's social distancing guidelines and to use the financial services channels of Syndicate Bank via Net-banking or Syndicate Bank Mobile Banking.

Syndicate bank current NEFT and RTGS timings

Requests for NEFT transactions are issued and handled at Syndicate Bank from Monday to Friday until 6:00 PM and on Saturdays (except 2nd & 4th Saturdays) until 3:00 PM. Coming to RTGS the transactions under the same are handled on a 24x7 basis at Syndicate Bank with effect from December 1, 2020. 

How to make fund transfer through IMPS, Syndicate Bank?

Syndicate Bank IMPS (Immediate Payment Services) instantly transfers funds of up to Rs 50,000 within a moment to any bank account in India. This is the immediate fund transfer facility offered by Syndicate Bank, a nationalised public sector bank in India. Every account holder of Syndicate Bank now, i.e. Saving Account, Current Account, Staff Account, Overdraft etc. can use NPCI services to make transfers and payments from their mobile phone, i.e. Through IMPS.

IMPS can be used in Syndicate Bank's mobile banking app for transferring interbank funds. Customers can also transfer the funds directly via their smartphone, where payment is instantaneous. NPCI has set a cap for the mobile number or IFSC money transfer along with the account number or Aadhaar. 

Steps to register your mobile number for IMPS at Syndicate Bank?

  • Customers can access the application form required from the 'www.syndicatebank.in' website or visit the branch to access the application form.
  • Fill the application form and submit the same at the branch where the account is being operated.
  • A confirmation SMS will be sent to the customer on his or her mobile number regarding the mobile banking service provided to his/her account.
  • Using the Green PIN facilities, customers can register and trigger the Mobile Banking facilities and generate the MPIN instantly.

 

 

 

 

 

 

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