Syndicate Bank Mumbai
Last Updated : Feb. 22, 2017, 12:53 p.m.
About Syndicate Bank
Over 3,000 branches and ATMs is basically the identity of public lender Syndicate Bank, according to the most. But how the bank travelled along to reach this position may not be known to you, right! Actually, the bank was gifted to the Indian society by three individuals- Vaman Kudva, Upendra Anantha Pai and TMA Pai. Notwithstanding the different backgrounds, these three gentlemen were on the same page as far as establishing the bank was concerned. 1925 was the year when the efforts of these three came into ground. Yes, Syndicate Bank was born and so arose the curiosity of people towards the same.
The excitement got to the new level when the bank had rolled out a unique service of picking the deposits of customers at their doorstep. The service was none other than Pigmy Deposit Scheme, which now counts among the successful programs the bank has rolled out in its 92-year old vigil. The bank receives a collection of nearly ₹ 2 crores on the back of this scheme. And looks like, the scheme is gonna continue forever.
The result of the service along with the smooth functioning of the bank translated into the bank getting acquired by the Government of India in 1969. After this glorious moment, the bank never looked back as it moved on the path of continuing growth in various fields of banking serving a large number of customers. The bank has been exceptional in creating a huge bunch of clients in retail, corporate, NRI, rural and MSME categories.
How does the bank manage such huge client base? Valid question, right! It’s due to the competent professionals and the key focus on introducing new technologies to impress upon the customers. The professionals of the bank are highly dedicated to the customer’s cause and provide appropriate suggestions to enable sound financial decisions. As far as technology is concerned, it has brought many including the Centralized Banking Solution (CBS) to strike a perfect co-ordination between the branches and ATMs.
From a paid-up capital of ₹ 8,000 in 1925, the bank has grown its business into crores through advances and deposits. In the process, the bank has established over 3,000 branches and ATMs across India, a point stated at the start of the show. In addition, the bank has set up over 50 regional offices to take stock of the branch work across several regions of the country. The overseas operation is also taken care of with a branch in London, the UK.
Mumbai, the ‘Mayanagri’ as we famously call, is a home to around 70-100 branches of Syndicate Bank. So all you ‘Mumbaikars’ wherever you are, there is a whole lot of information regarding the branches, their address, IFSC, MICR and others to catch upon the moment you get your eyes on the below table.
Syndicate Bank Mumbai Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Mumbai Central Accounts Office | Lawrence & Mayo House, 2Nd Floor; 276 D N Road, Fort Mumbai, Mumbai, Brihan Mumbai, Maharashtra-400001 | SYNB0005003 | 400025001 | 022-22075943, 22071726, 22079996 |
| Matunga | Gurudev Mansion Matunga Estate, K A S. Road, Matunga, Mumbai, Brihan Mumbai, Maharashtra-400019 | SYNB0005005 | 400025028 | |
| Mulund | 543 Sagar Nivas, Netaji Subhash Road, Mulund West, Mumbai, Brihan Mumbai, Maharashtra-400080 | SYNB0005006 | 400025030 | |
| Broach Street | 56, Ashok Chambers, 1St Floor, 56 Devaji Rajanshi Marg, Broach Street-Masjid (East), Mumbai, Brihan Mumbai, Maharashtra-400009 | SYNB0005007 | 400025013 | 022-23480079, 23480625, 23483866 |
| Khar | Kuky Villa , 4Th Road, Khar (West), Mumbai, Brihan Mumbai, Maharashtra-400052 | SYNB0005008 | 400025020 | |
| Chembur | 82-B, Pokar Mansion, NG Acharya Marg, Chembur, Mumbai, Brihan Mumbai, Maharashtra-400071 | SYNB0005009 | 400025009 | 022-25215123, 25214496, 25212015 |
| Andheri East | Sangam Cinema Compound, 127, Andheri Kurla Road, J.B.Nagar, Andheri East, Mumbai, Brihan Mumbai, Maharashtra-400059 | SYNB0005011 | 400025002 | 022- 28320715, 28329537, 28327283 |
| Tardeo | Gold Coin A Plot No 1/407, P.T.M. Malaviya Road, Near Haji Ali, Tardeo, Mumbai, Brihan Mumbai, Maharashtra-400034 | SYNB0005012 | 400025036 | |
| Lamington Road | 167, Navyug Nivas, Opp Minerva Cinema, Dr Dadasaheb Bhadkamkar Marg, Mumbai, Brihan Mumbai, Maharashtra-400007 | SYNB0005013 | 400025022 | |
| Colaba | 4 & 5 Kartar Bhavan, Arthur Bunder Road, Colaba Cause Way, Colaba, Mumbai, Brihan Mumbai, Maharashtra-400005 | SYNB0005014 | 400025010 | 022-22838344, 22851903, 22830674 |
| Kalbadevi | 1 Ganeshwadi, Zaveri Bazar, Kalbadevi, Mumbai, Brihan Mumbai, Maharashtra-400002 | SYNB0005015 | 400025018 | |
| Malabar Hill | 12 J M Mahta Road, Shreepal Nagar, Malabar Hill, Mumbai, Brihan Mumbai, Maharashtra-400006 | SYNB0005016 | 400025025 | |
| Goregaon | Sahyagiri, Plot No 3 & 4, Samant Estate, Goregaon East, Mumbai, Brihan Mumbai, Maharashtra-400063 | SYNB0005017 | 400025016 | 022-26864907, 26864904 |
| Pali Hill | Rukhsana Apartment, Plot No 11, Dr Ambedkar Road, Union Park, Pali Hill, Mumbai, Brihan Mumbai, Maharashtra-400052 | SYNB0005018 | 400025005 | |
| International Business Branch | 2nd Floor, 10, Homji Street, Fort, Mumbai, Maharashtra-400023 | SYNB0005020 | 400025077 | |
| Malad East | 22 A Shivam Building, Subhash Lane, Daftary Road, Malad East , Mumbai, Brihan Mumbai, Maharashtra-400097 | SYNB0005021 | 400025024 | |
| Andheri West | 210/C, Vimal Apartments, C D Barfiwala Marg, Juhu Lane, Andheri West, Mumbai-400058 | SYNB0005022 | 400025003 | 022-26207208, 26207179 |
| Vile Parle | Jal Palace, Shradhanand Road, Vile Parle East, Mumbai, Brihan Mumbai, Maharashtra-400057 | SYNB0005023 | 400025038 | |
| Santacruz East | Dr Dadhich House, Near Santacruz Railway Station, Santacruz East, Mumbai, Brihan Mumbai, Maharashtra-400055 | SYNB0005026 | 400025035 |
Products Offered by Syndicate Bank in Mumbai
Staying in Mumbai and in need of loans to meet your requirements? Choose from the above branches of the city. The loans available at these branches include a personal loan , car loan, home loan, loan against property, and much more. These loans are offered at attractive interest rates with flexible repayment tenure for you to feel comfortable with. So, without any delay, let’s get started with the details of these loans in a below table.
Loan Details of Syndicate Bank in Mumbai
| 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 Required to Avail Loans from Syndicate Bank In Mumbai
| Documents | Salaried | 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 Rent | 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 Mortgage Scheme | 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 | 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 |