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.
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
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:
As a Syndicate Bank's customer, allowing online fund transactions using NEFT or RTGS services is an efficient and comfortable task.
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:
Charges required to use NEFT transactions at Syndicate Bank:
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.
Charges required for using Syndicate Bank RTGS fund transfer system
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.
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?
Procedure to add beneficiary
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.
Key details required to fill:
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.
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.
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.
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:
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:
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.
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.
Steps to make fund transfer using Syndicate Bank Mobile App after adding the beneficiary
Steps to delete beneficiary in Syndicate Bank online
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.
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.
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?