Syndicate Bank Chennai
Last Updated : Aug. 30, 2018, 5:10 p.m.
About Syndicate Bank
Isn’t it amazing to note that people from different walks of life coming together to establish a bank? But that has how things panned out for Syndicate Bank, which you could see in your town. At a time when the country was seeing the martyrs laying down their lives for the country, there were three gentlemen who wanted to revolutionize the banking industry. Little did they know that the bank would go down as one of the most successful banks in India. Upendra Anantha Pai, an influential businessman, an engineer Vaman Kudva and a physician Dr. TMA Pai all combined together to form Canara Industrial and Banking Syndicate, which was the earlier name of Syndicate Bank. The bank was founded by these gentlemen in 1925. Three years later, the bank came up with Pigmy Deposit Scheme to mobilize small savings. But hardly the founders would have got the sniff of its grand success. The scheme is still ruling with the bank garnering a collection of ₹ 2 crores via the scheme.
Be it the success of the scheme or its modus operandi, the government took note of the bank’s development and finally got it under its control in 1969, more than 4 decades after the bank was founded. After that, the bank’s growth started to move up all the time. And it is due to the distinct strategies, the bank has managed to create its own space across a myriad of banking verticals- retail, corporate, international, MSME, rural, etc.
When it comes to the presence of the bank, it has a robust branch and ATM network, serving varied customer requirements. Both branches and ATMs of the bank are over 3000, exemplifying its massive reach in the country. The bank also maintains an operational presence in London, the UK.
Chennai, the city of temples and beaches, is full of Syndicate Bank branches. The total branch count would be around 60-70 in the city. From the main street to Mylapore, the bank has covered the Chennai territory well. If you want to avail the banking services of Syndicate Bank in Chennai, the below table will help you reach to your nearest branch comfortably.
Syndicate Bank Chennai Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Armenian Street | 69 Armenian Street, Chennai, Tamil Nadu | SYNB0006000 | 600025003 | 044-25223505, 25224101, 2522410 |
| Perambur | 53/2 Patel Road Lane, Perambur, Chennai, Tamil Nadu-600011 | SYNB0006001 | 600025012 | 044-25511942 25512746 |
| Nandanam | PB No.3359, Tamil Nadu Housing Board Building, 331 Anna Salai, Nandanam Chennai, Chennai, Tamil Nadu-600035 | SYNB0006004 | 600025010 | 044-24343226 24344384 |
| Royapettah | 16 Masilamani Road, Balaji Nagar, Royapettah, Chennai, Tamil Nadu-600014 | SYNB0006005 | 600025014 | |
| Kodambakkam | Ist Floor Chitra Towers, 332/2 Arcot Road, Kodambakkam, Chennai, Tamil Nadu-600024 | SYNB0006007 | 600025006 | 044-24801032, 24802935 |
| Purasawalkam | Sowdha Plaza, No.201, , Purasawalkam High Road, Purasawalkam, Chennai, Tamil Nadu-600007 | SYNB0006008 | 600025013 | |
| Teynampet | 170 Eldams Road, Teynampet, Chennai, Tamil Nadu, 600018 | SYNB0006010 | 600025017 | |
| Triplicane | 287 Dr. Natesan Road, Opposite To Ice House Police Station, Triplicane, Chennai, Tamil Nadu-600005 | SYNB0006011 | 600025016 | |
| Mint Street | PB No.74, 479 Mint Street, Sowcarpet, Chennai, Tamil Nadu-600079 | SYNB0006012 | 600025007 | 044-25202973, 25202965 |
| George Town | AVC Plaza, 168 Govindappa Naicken Street, George Town, Chennai, Tamil Nadu-600001 | SYNB0006013 | 600025005 | 044-25369408, 25369831 |
| Egmore | 16, Police Commissioner Off, Road, Egmore,Chennai, Tamil Nadu-600008 | SYNB0006014 | 600025004 | 044-28190334, 28192793 |
| Mylapore | 245 Ramakrishna Mutt Road, Mylapore, Chennai,Tamil Nadu-600004 | SYNB0006015 | 600025009 | 044-24641769, 24643739 |
| Nungambakkam | Satya Plaza, No 7, Thirumurthy Nagar, Main Road, Nungambakkam, Chennai, Tamil Nadu-600034 | SYNB0006018 | 600025011 | 044-28260806, 28270043 |
| Arumbakkam | 364 Poonamalle High Road, Amminjikarai, Post Arumbakkam, Chennai, Tamil Nadu-600106 | SYNB0006021 | 600025002 | 044-23634590, 23634624 |
| Peravallur | Plot No 2/17, Balaram Reddy Street, Opposite TVK Nagar Bus Terminus, Peravallur, Chennai, Tamil Nadu-600082 | SYNB0006023 | 600025020 | 044-26713673 |
| Chennai Overseas | 12, Smith Road, Off Mount Road, Chennai, Tamil Nadu-600002 | SYNB0006024 | 600025024 | 044-28520379, 28523099 |
| Fort.St.George | Fort.St.George, Chennai, Tamil Nadu-600009 | SYNB0006025 | 600025021 | 044-25670363 |
| Mylapore | 245 R K Mutt Road, Mylapore, Chennai, Tamil Nadu-600004 | SYNB0006026 | 600025025 | 044-24618154, 24935048 |
| Anna Nagar | Plot No 1742 18Th Main Road, West Anna Nagar, Chennai, Tamil Nadu-600040 | SYNB0006028 | 600025027 | 044-26184104, 26182933 |
Products Offered by Syndicate Bank in Chennai
Be it a personal loan to meet all your personal needs or a car loan to bring home the all new car, Syndicate Bank offers you a wide range of options to fulfill your financial needs in the city of Chennai. As any intelligent customer, you would want to know the offers in detail, right. To help you decide on opting Syndicate Bank for your financial goals, the details of various products are explained in a table below. Glance there to know the details.
Basic Details of Syndicate Bank Loans in Chennai
| Products | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| 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 salary | 11.75% - 16.25% | 0.5% of the loan amount with a minimum of ₹ 500 plus service tax, as applicable | Upto 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 value | 8.85% - 11.25% | 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 | 7.30% Onwards | As applicable by the bank | Upto 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 premises | Upto 80% of the rent receivables, based on the unexpired lease period | 10.75%-11.25% p.a. | As applicable by the bank | Upto 10 Years |
| Synd Vidya Scheme (Education Loan) | Students who have got the admission to a recognized institution either in India or abroad | Upto ₹ 10 Lakhs in India Upto ₹ 20 Lakhs Overseas | 10.25%-11.50% p.a. | NIL | Upto 15 Years |
| Synd Mortgage Scheme | Residential or commercial property owners belonging to both salaried and non-salaried classes | For 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 bank | Upto 10 Years |
Documents Sought by Syndicate Bank for Loans in Chennai
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Chandigarh | SCO 66-67 Sector 17 B, Bank Square, Chandigarh-160017 | SYNB0009650 | 160025001 | 0172-2703328, 2702931 |
| Chandigarh Sector 38 | Sco 174-175, Sector-38, Chandigarh-160014 | SYNB0009652 | 160025004 | 0172-2692830 |
| Sector 47 | Mount Carmel School, Sector 47, Chandigarh-160047 | SYNB0009653 | 160025008 | 0172-2631456 |
| Sector 36A | Punjab State Board Of, Technical Education, Sector 36A, Chandigarh- 160036 | SYNB0009654 | 160025007 | 0172-2622762 |
| Chandigarh Regional Office | Chandigarh Regional Office, Bank Square SCO 76-77, Sector 17 B, Chandigarh- 160 017, | SYNB0009651 | 160025999 | 0172-2728603, 2704417, 2703721, 2703689 |