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AKAASH

ASHISH
CHITTY
NAGESWAR
DEVLEENA
SAIKAT
PRESENTED NIKHIL
NEHA
BY BALWINDAR
TANYA
RASHMI
SATYA
SAIKARUN
RAVI KIRAN
PRUDHVI
FIX YOUR MONEY TODAY
WE WILL FIX YOU
TOMMROW
Syndicate Bank was established in 1925 in Udupi,
With a capital of Rs.8000/-
Sri Upendra Ananth Pai, a businessman
Sri Vaman Kudva, an engineer
Dr.T M A Pai, a physician
Their objective was primarily to extend financial
assistance.
The bank collected as low as 2 annas daily under its
Pigmy Deposit Scheme started in 1928.
This scheme is the Bank's brand equity today and
the Bank collects around Rs. 2 crore per day under
the scheme.
Total business as per march 2017 is 4,67,626 cr.
INTRODUCTION

Deposits placed the rate of interest


with the bank for offered to these are
fixed period higher than on
savings accounts

The minimum
Before 1992 Intr.
period of s is 7
rate was
days, maximum
stipulated by
period is 120
R.B.I.
months
WHAT IS FIXED DEPOSIT ???

INVESTMENT FOR INTEREST AT A


A FIXED PERIOD SPECIFIED RATE

TIME OF MATURITY
GET THE INTEREST
WITH PRINCIPAL
PERIODIC PAYOUT
ALSO AVAILABLE
Tax Deduction and Contains Where the interest paid per individual in excess
ofRs.10,000/-, bank has to deduct tax at source if the depositor has not
submitted Form 15H or 15G or certificate u/s 197(1) of the Income tax
Act,1961

Date of issue
The main contents
of Fixed Deposit Due date
Receipt

Amount

Rate of
TAX interest
DEDUCTION
Amount of
Period of
maturity
deposit
Maturity Value = P x (1 + Find Maturity ValueIf you have
r/n)^nt P = Principal invested Rs. 1,00,000 in a bank
Amount r = Rate of for 3 years with interest rate
Interest t = Number of of 5 %, that is compounded
Period n = Compounded half yearly
Interest Frequency

To find How to Find


the
interest
Maturity Value
earned in FD?
maturity value
will be =
100000 x (1 +
Earned Amount = Maturity
(5/100)*2)2x3
Value - Principal Amount
= 115762.5

interest earned will be


115762.5 100000 which is
Rs. 15762.5
TRUST

SOLE
INDIVIDUALS PROPRIETOR
SHIPS

WHO CAN
OPEN
ASSOCIATION
/
HUF SOCITIES/CL
UBS
LIMITED
COMPANIES
PREMATURE
WITHDRAWL
FACILITY

FIXED
SAFETY IN
RETURNS & DEPOSIT LIQUIDITY
FLEXIBILITY
OF TENURES BENEFITS

HIGHER INTEREST SECURITY FOR


RATES LOAN
PRODUCT CODE
401 , 402

TENURE- 7 DAYS TO MONTHLY/QUATERLY/


120 MONTHS ANNUALY INTEREST

PREMATURE
LOAN UPTO 95% WITHDRAWL
AVAILABLE

SYNDICATE BANK FIXED DEPOSIT


INTEREST RATE ON FIXED DEPOSIT
Rate of Interest (% p.a.)

Sr No. Period of Deposit/ Tenors


Less than 1 cr 1 cr to less than 5 cr 5 cr to less than 25 cr 25 cr & above

1 7 to 14 days 04.75 04.50 04.50 04.50

2 15 to 30 days 04.75 04.50 04.50 04.50

3 31 to 45 days 04.75 04.50 04.50 04.50

4 46 to 60 days 04.75 04.50 04.50 04.50

5 61 to 90 days
INTEREST RATES ON DEPOSITS
05.50 05.00 05.00 05.00

6 91 to 120 days 05.50 05.00 05.00 05.00


(w.e.f. 10/08/2017 )
7 121 to 179 days 05.50 05.00 05.00 05.00

8 180 to 269 days 06.15 05.00 05.00 05.00

9 270 to less than 1 year 06.15 05.00 05.00 05.00

10 1 year exact 06.50 05.50 05.30 05.30

11 Above 1 year to 2 years 06.50 05.50 05.25 05.25

12 Above 2 to less than 5 yrs 06.60 05.50 05.25 05.25

13 Exact 5 yrs 06.50 05.50 05.25 05.25

14 Above 5 to 10 yrs 06.50 05.50 05.25 05.25


WHY WE INVEST IN FD INSTEAD OF SAVINGS A/C ???

FIXED DEPOSIT SIMPLE SAVINGS DEPOSIT

PRINCIPAL 200000 PRINCIPAL 200000

RATE OF INTEREST 6.60% RATE OF INTEREST 4.00%

PERIOD 60 MONTHS PERIOD 60 MONTHS

INTEREST GIVEN 77445 INTEREST GIVEN 44038

MATURITY VALUE 277445 MATURITY VALUE 244038


COMPARISON BETWEEN BANKS

BOB

HDFC

ICICI INTEREST RATES FOR 2-5


YEARS

SBI

SYNDICATE

5.60% 5.80% 6.00% 6.20% 6.40% 6.60% 6.80% 7.00%

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