Syndicate Bank was founded by Shri T M A Pai in the year 1925 in Udupi. The main objective of the bank was to provide financial assistance to the weavers who were at that time facing a challenge due to the crisis in the handloom industry. Way back the bank was popularly known as Canara Industrial and Banking Syndicate Limited. The bank was nationalised in the year 1969 along with 13 other major commercial banks by the Government of India. The headquarters of Syndicate Bank is in Manipal.
The bank that started with a capital of 8000/- has grown leaps and bounds in the 93 years of its existence. Prathama Bank in Moradabad district was the first Regional Rural Bank promoted in the year 1975 by Syndicate Bank. The bank expanded its business within India and also overseas. The bank has a branch in London and National Exchange Companies at Doha and Muscat. As on date, the branch has a wide network of 4000 branches across the country.
The bank offers various corporate and retail banking services and products. Credit Cards are one among the products provided by the Bank. The Syndicate Bank credit cards are well known for the interest on revolving credit facility as low as 2% and the minimal fee charged.
The procedure for the obtention of the card is very simple and hassle-free. The bank also has a pre-approved card facility for its customers having housing loan, car loan, term deposits, and pigmy deposits.
Additional Info: Also check Syndicate Bank Balance Check Number
There is one category of Syndicate Bank Credit Card i.e., Syndicate Bank Global Credit Card.
There are two variants under Syndicate Bank Visa Global Credit Card.
The following are the features of Syndicate Bank Credit Card
Cash withdrawal up to 15% of the credit limit for Classic Cards and 25% of the credit limit for gold Cards is permitted.
1 reward point will be given for every 400/- spent on the card.
The reward points can be redeemed for payment of renewal fee of the existing card or the points will be credited to the credit card account of the cardholder in multiples of 500 at 0.50 per reward point with a maximum redemption of 500 points.
No joining fee will be charged for both primary and add-on Classic Card and Gold Card.
The renewal fee is 300/- for the primary card of Classic Credit Card and RS. 150/- for the add-on card.
The renewal fee is 500/- for the primary card of Gold Credit Card and 250/- for the add-on card.
The following are the charges for Syndicate Bank Credit Cards
|Name of the Charge||Amount|
2% p.m. if the minimum amount due is paid within the due date.
2.5% p.m. if the minimum amount due is not paid within the due date.
|Charges for cash withdrawal at Syndicate Bank ATMs||2% of the transaction amount with a minimum of 50/-|
|Charges for cash withdrawal at domestic ATMs other than Syndicate Bank ATM||2.5% of the transaction amount with a minimum of 100/-|
|For Cash withdrawn Overseas||2.5% of the transaction amount with a minimum of 200/-|
|Foreign Currency mark-up fee||3% of the transaction amount.|
|Charges for a balance enquiry at domestic ATMs||RS. 15/-|
|Charges for a balance enquiry at overseas ATMs||30/-|
|Cheque bounce charges||200/- per occasion|
|Charge slip retrieval||RS. 150 for each charge slip|
|Limit enhancement charges||200 per request|
|Charges for the usage of the card over the credit limit||100/- per instance|
Steps to apply for the Card through Bank?s Website
Steps to be followed by existing customers
You can directly apply for the credit card online
New Customers should follow the following steps to apply for the Credit Card.
Steps to apply for the Credit Card through MyMoneyMantra
Use the digital platform provided by MyMoneyMantra to apply for the Credit Card.
Steps to apply for the Card Offline
To apply for the card offline, you have to visit the nearest Syndicate Bank branches and apply for the credit card by submitting the relevant documents.
Additional Reading: Check Credit Bureau of India
The following are the eligibility criteria for Syndicate Bank Credit Card.
Self-employed individuals/professionals, and businessmen should have a minimum annual income of 1.00 lakh for Classic Card and 2.00 lakhs for Gold Card.
Senior citizens are not eligible for Gold Cards. The minimum annual income for Senior Citizens to be eligible for Classic Card is 60,000/-
Also Check: Cibil Score for Credit Card
The following are the documents required for Syndicate Bank Credit Card
Documents required for NRI and PIO and Foreign Nationals working in India
Additional Reading: How to Improve Cibil Score fast?
The payment for Syndicate Bank Credit Card can be made in the following ways
You can use the Syndicate Bank Customer Care Services for the following:
You can call the following Customer Care Numbers:
Know how good your score is
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You will have to register for the net banking facility if you are a customer of Syndicate Bank. You will have to then log in using the User ID and Password. The payment can then be made using the funds transfer option.
ECS mandate has to be downloaded from the official website of the Bank and submitted in triplicate. The 9 -digit MICR code of the bank and branch as appearing on the MICR cheque has to be mentioned. You will have to then choose the payment option i.e., whether the entire outstanding balance in the statement or the minimum amount due as mentioned in the bill has to be paid.
You can then present the ECS mandate to the bank where you are maintaining an account. The signature of the cardholder on all the copies of the ECS mandate has to be authenticated by a competent authority of the bank where the account is maintained. A copy of the ECS mandate will be retained at the originating bank and the other two copies have to be sent to Syndicate Bank at the following address:
Card Centre No.35, 1st Floor
Bangalore ? 560009
Ensure to maintain sufficient balance in the account on the ECS due date.
The following are the safety tips for Syndicate Bank Credit Cards
Cash can be withdrawn to the extent of 15% of the credit limit for Classic Cards and up to 25% of the credit limit for Gold Cards.
The customers having housing loans, car loans, term deposits, pigmy deposits, Defence Personnel, and Judges are eligible for pre-approved credit cards. The relationship of the customers with the Bank is considered to issue the pre-approved credit cards.
10% of the outstanding amount in the billing statement is the minimum amount due that has to be paid on the due date.
The billing statement will be generated on the 20th of every month and has to be paid within the 10th of the succeeding month.