Syndicate Bank Bhubaneswar

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About Syndicate Bank

What a way to start off a journey that spanned over 9 decades of fulfilling the dreams of people around the country. Yes, it is in reference to Syndicate Bank, a public lender with over 3,000 branches and ATMs across India. The foundation of the bank was credited to stupendous efforts of three gentlemen from three different walks of life. An astute businessmen, Upendra Ananth Pai, a noted physician Dr. TMA Pai and an engineer Vaman Kudva were the brains behind today's Syndicate Bank, which was previously named as Canara Industrial and Banking Syndicate. 

The bank was founded in 1925 and three years later started Pigmy Deposit Scheme, wherein depositors were able to deposit money in the hands of bank-appointed agents. What was started to mobilize small savings has now turned into a brand equity for Syndicate, which collects around 2 crores per day via the scheme. The series of revolutions didn't stop with the scheme as the bank kept introducing new technologies to outnumber its competitors over a period of time. It has introduced Centralized Banking Solution (CBS) to create a strong network of branches and ATMs that are spread across the country. 

The hall of fame came in the year 1969 when the Government of India took over the reins of the bank from the private ownership. Post that monumental success, Syndicate Bank has proven to be a reliable partner for retail, corporate, NRI, MSME and rural customers to serve their financial needs through a wide range of products in both deposit and loan categories. For people looking to avail the services of alternate banking channels, the bank offers Internet Banking, Mobile Banking, SMS Banking, etc. All these services add a lot of convenience for the customers in today's ever so fast running life. 

The presence of the bank is impressive with branches and ATMs spread across the entire sphere of India. And if you are staying in Bhubaneswar, the capital of Odisha, you can bank from about 10-15 branches. The branch officials are co-operative and do their best to resolve your financial queries. At the same time, they can identify your needs and provide you the best product to fulfill the same. So, feel free and walk all the way to Syndicate Bank branches in Bhubaneswar. Want to know the branch locators of Syndicate Bank in Bhubaneswar? Check out the information below. 

Syndicate Bank Bhubaneswar Branches

Branch NameComplete AddressIFSCMICRContact Detail
PatrapadaPlot No C-359/1818, Near Techno School, Patrapada, Bhubaneshwar, Odisha- 751019SYNB0008058751025013
Bhubaneshwar (Main)Kalpana Square, Bhubaneswar, Khurda, Odisha-751014SYNB00080017510250020674-2312288, 2313388
NayapalliA/62 (1) Nayapalli, Unit 8, Near Kalyan Mandap, Bhubaneswar, Khurda, Odisha-751012SYNB00080077510250040674-2536462, 2396959
I R C VillageNayapalli F 1 & 3, Indradhanu Market, I R C Village, Nayapalli, Bhubaneswar, Khurda, Odisha-751015SYNB00080087510250050674-2557152
Ashoka MarketOrissa Rural Housing, Development Corporation Ltd, Station Square, Bhubaneswar, Khurda, Odisha-751009SYNB00080097510250060674-2535642
DDCE BuildingDirectorate Of Dist Ance &, Continuing Education Building, Utkal University, Vanivihar, Bhubaneswar, Odisha-751004SYNB00080157510250070674-2586792
Utkal University CampusUtkal University Campus, Vanivihar, Bhubaneswar, Khurda, Odisha-751004SYNB00080167510250080674-2584041
Cet CampusCet Campus, Kalinga Nagar, Ghatikia, Bhubaneswar , Khurda, Odisha-751003SYNB00080177510250090674-2384109
Kharavela NagarGround Floor, Hotel Gayatri, Unit-3, Kharavela Nagar, Bhubaneswar-751 001SYNB0008018751025001
Bhubaneshwar Regional OfficeBhubaneshwar Regional Office, F4, II-Floor, Indradhanu Market Complex, Irc Village Nayapalli, Pin : 751015SYNB00080037510259990674-2551506, 2550011
BaramundaPlot No 382/1156 Near Delta Chhak Paikanagar, Unit-18, Baramunda, Bhubaneswar, Odisha-751003SYNB00079957510250150674-2551506

Products Offered by Syndicate Bank in Bhubaneswar 

Want to enrich your financial journey with Syndicate Bank in Bhubaneswar? A huge pipeline of products is there for you to grab. From a plethora of financial products like a home loan, car loan, loan against property and much more, you are complete in every sense of your financial journey there. But choosing any of the products will depend upon your wishes. If you are planning a trip down to the Europe, a personal loan is right there to enable that dream. In a similar vein, a home loan can take you to your dream home. A detail on all these products is shown in the table below for you to look at.

Basic Loan Details of Syndicate Bank in Bhubaneswar

ProductsEligibilityLoan AmountInterest RateProcessing FeeTenure
Synd Saral (Personal Loan)Permanent employees working in state or central govt units, reputed private firms, teachers, pensioner, doctors, professionals, etc.Not more than annual gross salary10.20% - 13.20%0.5% of the loan amount with a minimum of ₹ 500 plus service tax, as applicableUpto 5 Years
Synd Nivas (Home Loan)Available to resident Indians, NRIs holding the Indian Passport, Person of Indian Origin, Hindu Undivided Families (HUFs)Upto 70%-90% of the property value8.45%0.125% of the loan amount
Minimum- ₹ 500
Maximum-₹5,000
Upto 30 Years
Synd Vahan (Car Loan)Minimum annual income should not be less than ₹2 lakhs.

Individuals, proprietors, partnership firms, agriculturists, trusts and few others are eligible to receive the loan.
Upto 95% of the on-road price or 3 times the gross annual income, whichever is lower for new cars.
Used car finance is limited to 10 lakhs or 70% of the valuation amount, whichever is lower
9.10%As applicable by the bankUpto 7 years for new cars

Upto 5 years for used cars
Synd Rent Residential or commercial property owners who have let out the property to government, reputed firms and even Syndicate Bank's premisesUpto 80% of the rent receivables, based on the unexpired lease period10.75%-11.25% p.a.As applicable by the bankUpto 10 Years
Synd Vidya Scheme (Education Loan)Students who have got the admission to a recognized institution either in India or abroadUpto ₹ 10 Lakhs in India
Upto ₹ 20 Lakhs Overseas
10.25%-11.50% p.a.NILUpto 15 Years
Synd Mortgage SchemeResidential or commercial property owners belonging to both salaried and non-salaried classesFor salaried-10 times of the net annual income
For non-salaried-10 times of last 3 years average gross annual income
11.50%-11.75% p.a.As applicable by the bankUpto 10 Years

Documents Sought by Syndicate Bank for Loans in Bhubaneswar

DocumentsSalaried Self-employed
Synd Saral (Personal Loan)Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Synd Nivas (Home Loan)Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID

Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement

Property Documents Showing Cost Estimate, Property Registration Copy
Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Property Documents Showing Cost Estimate, Property Registration Copy
Synd Vahan (Car Loan)Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Margin Copy, Car Registration Copy
Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Margin Copy, Car Registration Copy
Synd RentIdentity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Synd Mortgage SchemeIdentity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Documents of the property to be mortgaged
Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement

Documents of the property to be mortgaged

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