Syndicate Bank
banner
 

Right Of Investors

 
  • The Bond will be issued within 7 days from the date of realization of the cheque.
  • The Certificate of Holding will be issued within 5 days from the date of tender of application.
  • The interest on the bond accrues from the date of subscription in cash or date of realization of cheque. The half-yearly interest warrants will be despatched one month in advance from the due date.
  • The interest on the date of 1st February / 1st August will be credited to the bank account or remitted by an interest warrant at the last registered address.
  • An advice of payment of interest will be issued to the investor one month in advance from the due date.
  • A sole holder may nominate one or more nominees to the rights of the bonds. Non-resident Indian can also be nominated.
  • The nomination will be registered at the Office of Issue and a Certificate of Registration will be issued to the holder.
  • The nomination can be varied by registering a fresh nomination.
  • The existing nomination can be cancelled by a request to the Office of Issue.
  • The redemption is due on the expiry of six years from the date of investment.
  • Early redemption facility is not available.
  • The investor is entitled to receive repayment amount within five clear working days from the date of tender of acquittance.
  • Facility for payment of half yearly interest / redemption proceeds can be availed through ECS or direct credit to the bank account. Applicants may indicate his choice, to avoid delay in receipt of interest / redemption proceeds.
  • In case the Branches does not comply with the above, you may lodge a complaint in writing in the form provided at the counter and address the same to the Head Office as under:

The Asst.General Manager (Accounts), 
Syndicate Bank, 
Head Office, 
MANIPAL – 576 104. 
(Karnataka State)

 
longvidya

Disclaimer: The contents of this website are purely for information dissemination. It does not constitute any solicitation of business.

2015 Syndicate Bank. All Rights Reserved     This Website is best viewed at 1280 x 800