Syndicate Bank Indore

Last Updated : Feb. 22, 2017, 11:52 a.m.

About Syndicate Bank

Syndicate Bank stands true to its name, which means the combination of individuals and organization to undertake a specific task. Now you would question, how? Because the bank was founded by three people from three different fields-business, medical and engineering, wow! What a gallant effort it must have been for these gentlemen to work for a common goal despite being so different to each other. It was a critical time if not an adverse situation when the bank was born. The world was on the revamp mode post the loss of World War I (1914-1918) and our very own India was locking horns with the British administration. And suddenly, Mr. Upendra Anantha Pai, TMA Pai and Vaman Kudva came together to set up Syndicate Bank in 1925 in Udupi, Karnataka. However, the bank was known as Canara Industrial and Banking Syndicate earlier.

The foundation story is interesting and even more interesting is the way things panned out for the bank few years from thereon. It was 1928 when the bank thought of mobilizing small savings through Pigmy Deposit Scheme, wherein the depositors were allowed to deposit money into their bank accounts via collection agents. It soon became a rage among the customers. And the result is that the scheme is running successfully even now. The bank gets an average daily collection of ₹ 2 crores through the scheme. In the process, the scheme has become the face of the bank, which won’t be wrong to call considering its mammoth success.

Subsequent to the years of private ownership, came the much awaited moment of nationalization in 1969. The Government of India took the bank under its control. Now, the bank is striding along comfortably as it has a myriad of products that can satisfy the varied needs of the consumers. Yes, it’s the customization that has been the cornerstone of the bank’s success in all these years. Be it the corporate banking or retail banking, the bank is a preferred option for consumers across India.

Before choosing a bank for fulfilling the financial needs, all eyes are on its presence. And when it comes to Syndicate Bank, the presence is strong with as much as 3,000 branches and ATMs scattered along the cities, towns and even villages. The regional offices are more than 50 to monitor the flow of work at various banking channels in the regions.

Among the regions, Syndicate Bank also has a presence in Indore, a major city in the state of Madhya Pradesh. The bank is maintaining the operation of around 5-10 branches here. If you reside in Indore and want to know the Syndicate Bank branches there, below is table to look upon.

Syndicate Bank Indore Branches

Products Offered by Syndicate Bank in Indore

Depending on what your financial goals are, a Syndicate Bank product awaits you in Indore. The branch officials here are equipped with the necessary expertise to guide you towards your financial goals. If indeed arises the need to offer you financial products to fulfill your wishes, you can so easily avail attractive loans and deposits to serve your purpose. Some of the products that you can hope to grab at the bank’s branches in Indore includes a car loan, home loan, personal loan , loan against property, and much more. Therefore, a close look at the table below is imperative to find out the details pertaining to the products offered by the bank in Indore.

Basic Loan Details of Syndicate Bank in Indore

Documents You Need to Obtain Loans from Syndicate Bank in Indore