NEWS & ADVICE : FIXED DEPOSITS
Syndicate Bank to introduce customer friendly products in the retail segment
By Neelima Shankar
Sep 25, 2012
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To attract more customers, Syndicate bank has planned to launch a number of products and facilities which make banking experience simpler and easier.

The first among these products will be e-Term deposits. It is a facility through which customers will be allowed to transfer their balances from savings accounts to fixed deposits simply through internet banking. All that is required by them to use the service is registration on internet banking. The product is scheduled to be launched in about 10 days.

The Manipal headquartered bank will also be introducing a gold debit card and e-lounge branches. The gold debit cards would allow cardholders to withdraw about Rs. 1 lakh from ATMs. Currently, the bank allows its debit card holders to withdraw Rs. 15, 000 from the ATMs.

The e- lounge branch will be a 24 hour self service branch and it will be first opened in Bangalore. Later, the bank plans to introduce more such branches in other metros.


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