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Syndicate Bank Relief Measures for Flood Victims in Tamil Nadu & Puducherry

Organization : Syndicate Bank
Announcement : Relief Measures for Flood Victims in Tamil Nadu & Puducherry

Website : http://www.syndicatebank.in/english/home.aspx
Notification https://www.statusin.in/uploads/12992-VICTIMS.pdf

Related:
Contribution To Chief Minister’s Public Relief Fund Tamil Nadu 2015 : https://www.statusin.in/12834.html

Relief Measures for Flood Victims :

** 10 to 25% of additional loan facilities to the original loan amount of existing regular loans for rehabilitation [including Housing Loans]. For regular overdraft account holders, upto 15% enhancement over the existing limit.
** Concession in interest rate for the new loans given for rehabilitation under the flood relief.

Applicable Only For Tamil Nadu & Pondicherry

** No processing charges for MSME, Agriculture/Retail loans in the affected districts viz., all our branches [except Port Blair] under our Chennai Region and Cuddalore, Pondicherry, Karaikal, Villianur districts of our Salem Region.
** For existing regular Vehicle Loans – additional loans – maximum up to ˆ50,000/- for repairs. Repayment period for 5 years with 6 to 12 months initial repayment holiday.
** Waiver of penal interest for two quarters up to 31.03.2016 for all loans.
** Recovery process of e-auction postponed for the present from the scheduled date i.e. 09.12.2015 for the branches in the flood affected districts.
** No service charges for using other Bank’s ATM Cards through our ATM for next 3 months in Tamil Nadu State.
** Pensioners who could not submit Life Certificate in November 2015 may draw their pension and submit the Life Certificate within 2 months.

Synd SMS Banking :
SyndicateBank welcomes to SyndSMSBanking, another useful facility for the benefit of its techsavvy customers. A mobile phone can make your banking experience more friendly and enjoyable by allowing you to stay connected with your account at any time.

SyndSMSBanking is independent of the handset model and you can avail this facility from most of the service providers (GSM/CDMA). All that you have to do is to enter simple text messages for operating this facility.

 

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About Us :
Syndicate Bank was established in 1925 in Udupi, the abode of Lord Krishna in coastal Karnataka with a capital of Rs.8000/- by three visionaries – Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician – who shared a strong commitment to social welfare.

Their objective was primarily to extend financial assistance to the local weavers who were crippled by a crisis in the handloom industry through mobilising small savings from the community.

The bank collected as low as 2 annas daily at the doorsteps of the depositors through its Agents 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.

Contact :

For details of above relief measures, please contact our Field General Manager’s Office at Chennai at the following Help Desk from 10.00 a.m. to 7.00 p.m. (working days).

Mail address: chennaifloodhelp [AT] syndicatebank.co.in

Contact Nos:
1. Sri P Karuppaiah, AGM – 94443 95800
2. Sri K Shanmugam, Chief Manager – 94443 97365

*Terms & Conditions apply

Categories: Bank

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  • The Annual Report, including the Audited Accounts of the Bank for the year ended 31 March 2016 has been in your hands for some time.

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