REPCO ANBU MAGAN

Repco offers a special scheme exclusively for Boy children with the objective of empowering and ensuring their welfare, which was launched on 15.09.2023 . The features of the schemes are:

• Eligibility – Boy Child less than 18 years only
• Period – Minimum of 3 Years and maximum of 5 years ( in multiple of 3 months starting from 3 years)
• Rate of Interest - 8.50 % PA (Quarterly Compounding)
• Interest Payable – On Maturity
• Loan on deposit - Available for education and medical expenses of the boy child only
• Preclosure Charges - As applicable to other Fixed Deposit

REPCO THANGA MAGAL

Repco offers a special scheme exclusively for Girl children with the objective of empowering and ensuring their welfare, which was launched on 17.08.2023 . The features of the schemes are:

• Eligibility – Girl Child less than 18 years only
• Period – Minimum of 3 Years and maximum of 5 years ( in multiple of 3 months starting from 3 years)
• Rate of Interest - 8.50 % PA (Quarterly Compounding)
• Interest Payable – On Maturity
• Loan on deposit - Available for education and medical expenses of the girl child only
• Preclosure Charges - As applicable to other Fixed Deposit

REPCO 12 Growth

A Special scheme of Fixed deposits which was launched on 02.05.2023. The feature of the schemes are

• Eligibility – All Member customers of Bank
• Period – 12 Months
• Rate of Interest - 7.55% for General, 8.05% for Senior Citizen[Age 60 and above]
• Interest Payable – Quarterly compound interest
• Loan on deposit - Available.
• Preclosure Charges - As applicable to other Fixed Deposit

CASH CERTIFICATE

Repco offers this Money multiplier scheme - An ideal way for your investment to get a good yield in future. Interest paid not only on your deposit amount but also on the interest payable by the bank. Thus, your investment grows faster for the future use.

• Eligibility - All Members
• Period - Min 12 months and Max 60 months
• Interest Payment - On Maturity (Compounded Quarterly)
• Interest rate
• Preclosure - Less 1% from the applicable ROI for the run period
• Mode of operation - Self / E or S / other modes
• Loan on deposit available.

RECURRING DEPOSIT

A small amount of monthly remittance of deposit slowly and steadily growing along with interest and end up with a large kitty on maturity.

• Eligibility - All Members
• Period - Min 1 year and Max 5 years
• Option - Growth (Cumulative quarterly)
• Interest rate
• Interest Payable – On Maturity (Compounded quarterly)
• Preclosure - Less 1% from the applicable ROI for the run period
• Penalty on late payment : Charges - Rs.2/- per 100

FLEXIBLE RECURRING DEPOSIT

Repco offers very flexible monthly savings scheme. Multiple monthly remittance are possible. Interest calculated on daily basis and credited quarterly.

• Eligibility – Individuals Only
• Period – 12 to 60 months
• Interest rate
• Core amount - The member customer must decide the core amount of deposit per month Min Rs.1,000/- & Max Rs.5,000/-
• Less than the core amount will not be accepted either in one lot or lots
• Maximum remittance - Ten times of the core amount or Rs. 50000 per month whichever is lower payable in one or more installments in a month. Each installment shall not be less than the core amount.
• Penalty - levied for core amount or shortfall in core amount.
• Loan on deposit available.
• Preclosure Charge - Less 1% from the applicable ROI for the period

Special Features

• Multiple monthly remittance possible.
• Interest calculated on daily basis and credited quarterly.

MAHILA GROWTH

Recognising the importance of women and to empower them, Repco offers a special scheme exclusively for Women depositors.

• Eligibility – Individual Female Members Only (including Minor)
• Period – 18 Months
• Option - Growth (Cumulative quarterly)
• Interest rate
• Interest Payable – On Maturity (Compounded quarterly)
• Preclosure - Less 1% from the applicable ROI for the period
• Mode of operation - Self / E or S / other modes
• First depositor shall be female
• Loan on deposit available.
• Special Features - Irrespective of age 1 day to more than 100 years get same special rate being female.