The Indian Financial System Code, popularly known as the IFSC code, is an alphanumeric combination code exclusively allotted to every branch of banks. The IFSC code is an identification number for every branch for the seamless transfer of funds among the banks.
IFSC codes are mandatorily used for every fund transfer to eliminate any confusion or error in transactions especially in online transactions.
IFSC codes are 11 digit codes divided into three sections -
The first 4 digits are alphabets indicating the name of the bank.
0 is the fifth digit
The last 6 digits are specifically allotted to every branch of the bank.
For example - SYNB IFSC Code is SYNB0005646
SYNB stands for Syndicate Bank IFSC Code
005646 is a unique numerical code allotted to every branch.
Syndicate Bank was founded in 1925 by Ammembal Subba Rao Pai and was nationalized by the Indian government in 1968. It has been one of the most reputed commercial banks in the country. Syndicate Bank has been efficiently rendering its different social services like rural infrastructural development, funding self-employment opportunities for the youth, etc. The bank was earlier known as the Canara Industrial and Banking Syndicate Limited. Currently, there are more than 3000+ Syndicate branches in the country.
To find IFSC and MICR code online, there are two options available -
Syndicate Bank - Visit the official website of Syndicate Bank, and enter the city and area of the branch. The portal will display complete details regarding the IFSC Code on the screen.
External Platforms - There are various other portals or platforms available online like the official website of Reserve Bank of India that maintains Syndicate Bank IFSC code list of all branches.
To find the IFSC and MICR offline, without using the internet, you just have to go through the two documents that the Syndicate Bank provides to their account holders -
Passbook - The Passbook keeps a track of all the transactions made via the bank account. The account holders can get their PassBook updated by visiting the closest Syndicate Bank branch. You can find SYNB IFSC code and MICR code on the front page of the PassBook with other information.
Cheque Book - The cheque book is issued by the bank for transactional purposes. Every cheque leaflet has the IFSC and MICR Code printed on it.
NEFT stands for National Electronic Funds Transfer which is a very simple and safe method of fund transfer. NEFT is a very fast and quick process that takes a maximum of one day to complete a transaction.
To transfer money via NEFT at Syndicate Bank, you need the following information.
Bank and branch name of the receiver.
Receiver account details (account number, Syndicate bank IFSC code)
Amount of transaction
**Note - Making a payment via NEFT, the sender has to pay transaction charges to the bank. The charges are nil for transactions up to Rs. 1 Lakh. For transactions between Rs. 1 - 2 Lakhs, the transaction charge amount is Rs. 15+ taxes and for transactions above Rs. 2 Lakhs, the transaction charge amount is Rs. 25 + taxes.
Follow the steps mentioned below, to make any payment via NEFT
Step 1: Go to the official website of the bank
Step 2: Log in to your account using your credentials
Step 3: Choose the payment option, i.e. NEFT
Step 4: Enter the required details of sender and receiver
Step 5: Recheck all the filled information
Step 6: Tap on ‘Confirm’
Step 7: Select the ‘Submit’ option.
RTGS stands for Real-Time Gross Settlement System which is another one of the quickest ways for transferring funds. It is popular among users because it is a very safe, secure, and reliable method of fund transfer.
To make any payment via RTGS, you will have to initiate the payment by filling out the Syndicate Bank’s RTGS form. You will have to enter the required details and submit them along with supporting documents. The following information is required for RTGS fund transfer -
Bank and branch name of the receiver.
Receiver account details (account number, SYNB IFSC code)
Amount of transaction
**Note - Making a payment via RTGS, the sender has to pay transaction charges to the bank. The charges are nil for transactions up to Rs. 1 Lakh. For transactions between Rs. 2 - 5 Lakhs, the transaction charge amount is Rs. 25+ taxes and for transactions above Rs. 5 Lakhs, the transaction charge amount is Rs. 50 + taxes.
IMPS stands for Intermediate Payment System, which helps users to transfer funds in a very easy manner. You just have to log in to your account using your credentials. You will have to enter the required details, including the bank details of the sender and receiver. Make sure all the filled information is correct. Tap on the ‘Confirm’ button to complete the transaction.
Yes, you can find the IFSC code by using the account number. IFSC code is unique for each bank branch, so if you know the name and address of the bank then you can easily find the IFSC code on the official portal of RBI or the concerned bank.
The IFSC code of your bank branch will be mentioned on the cheque book and passbook issued by the bank. You can also find the IFSC code on the official website of RBI or the concerned bank.
You can find the Syndicate IFSC code mentioned on the cheque book and the passbook issued by the bank. You can also find the Syndicate IFSC code on the official portal of RBI and the Syndicate bank.
It is very simple to obtain your bank branch name using your IFSC code. You just have to visit the official portal of the RBI or the concerned bank. There you will find the list of bank branch names along with their IFSC code. You can search the bank branch according to your convenience.
Yes, the Syndicate Bank IFSC code has changed. The Syndicate Bank's new IFSC code is CNRB. The users had to shift to the new IFSC code from 1st July 2021 in all the IMPS/NEFT/RTGS transactions.
There are many benefits of the Syndicate Bank IFSC code which help you in all types of online transactions and services. You can find all the details about the bank and branch with the help of the IFSC. Some of these benefits are -
Net banking transactions
Fast fund transfers
Safe and secure transactions
Flawless fund transfer via NEFT/RTGS/IMPS
Instant verification and settlement process.
The IMPS is one of the easiest and simple ways of fund transfer. Some of the major benefits of IMPS are -
Quick transfer facility
Available anywhere and anytime
Automated updates about the transaction to both sender and payee
Secured and safe transactions.
After the merger of Syndicate Bank and Canara Bank, the IFSC code was changed from SYNB to CNRB. The users had to start using the new IFSC code from 1st July 2021.