BANGALORE: Syndicate Bank has introduced two new term deposit schemes Synd 400 Plus and Synd 500 Plus. For Synd 400 Plus, the rate of interest for deposits below Rs. 15 lakh is nine per cent and for Rs. 15 lakh and above 9.20 per cent. The rates for Synd 500 Plus are 9.25 per cent and 9.40 per cent, respectively. For senior citizens, the rate will be 10 per cent. The scheme closes on April 30.