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Syndicate

Syndicate Bank Ltd. is one of the oldest and most important commercial banks of India. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with other 13 major commercial banks of India, was nationalized on 19 July 1969, by the Government of India. Sri T M A Pai, Upendra Pai and Vaman Kudva founded the bank in 1925 in Udupi. Their goal was to extend financial assistance to locals who were crippled by the handloom industry crisis.

Syndicate Bank also sponsored the first regional rural bank in India called Prathama Bank, in Moradabad distri Uttara Pradesh in 1975. The stocks of the Syndicate Bank are listed on Bombay Stock Exchange, National Stock Exchange, Mangalore Stock Exchange and Bangalore Stock Exchange. The Bank is well equipped with the latest technology, knowledge and competition. More recently, the Bank launched an ambitious technology plan called Centralised Banking Solution (CBS) whereby 500 of our strategic branches with their ATMs are being networked nationwide over a 4 year period. They have already already achieved CBS implementation among all its branches, which means that the bank is 100% CBS enabled.

Syndicate Internet Banking:

SyndicateBank is aware of the fact that information technology is an essential part of Banking. The Bank has always tried to deliver products and services using the latest available technology. Syndicate’s online banking service works as an enabler in the development of business and ensures that customers are both benefited and delighted.

Core Banking Solution (Syndicat-e-banking)

“The Bank is the first among the Public Sector Banks to implement Core Banking Solution (CBS), way back in 2001. During 2007 and 2008, CBS was further consolidated and the overall CBS network of the Bank increased to 1829 branches/offices spread across 1033 centres and accounted for about 96% of the Bank’s business. All their branches have already implemented CBS.

The CBS Project has enabled the Bank to deliver banking products and services over multiple delivery channels like networked ATMs, Telebanking, Internet Banking and Mobile Banking, so as to provide Anywhere Anytime Anyhow (AAA) banking service to customers. With the introduction of CBS, the Bank has transformed the Branch customers to Bank customers thereby achieving significant shift in customer preference from brick-and-mortar channel to 24×7 delivery channels.”

According to the Syndicate Bank, their Online Banking service is proving to be very successful, and every single day more and more people are joining the program. Syndicate reports that the number of users has increased considerably over the last few years. In addition to the basic services of account details, statement of accounts etc., the following services are provided make the bank’s online experience even better:

- e-ticketing for Railway ticket reservation
- Utility Bill payment through Internet banking
- Payment of Direct & Indirect Taxes – for both individuals and Corporates

Tips for Safe Internet Banking

- Access Syndicate Bank Internet Banking only by typing: www.syndicatebank.in. in the address bar of your browser and then click on Retail option. Do not go to any other site or click on links in any e-mail message to get linked to syndicate bank Website. Change your passwords periodically.

- Syndicate Bank never seeks information from customers regarding their user-ids and passwords.

- Avoid online banking from public or shared computers or a virus infected computer. Do not open multiple browser windows while banking online.

Check out the full list of security tips here.

To start using Syndicate’s online banking service you must sign in using your login ID and password through the log in page which is located on the following url: https://netbanking.syndicatebank.in/netbanking/

External Resources:

- Syndicate e-Banking

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