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'.
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.
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.
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 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.
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.