1. CUMULATIVE DEPOSIT

1. 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.

2. 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

3. 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.

4. 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.

2. NON CUMULATIVE DEPOSIT

1. FIXED DEPOSIT

To invest your money for a set period time and get returns with a higher rate of Interest. Interest is payable in monthly / quarterly / half yearly / annual rest. Short term deposits available.

• Eligibility - All Members
• Interest Payment - Monthly discounted simple rate at Monthly rest and Simple rate at Quarterly / Half yearly / annual rest
• Interest rate
• Monthly Interest Payable through SB / Cheque / NEFT
• Preclosure - Less 1% from the applicable ROI for the period
• Mode of operation - Self / E or S / other modes
• Loan on deposit available.

2. OORUNI / MPS

Special scheme for Retired / Senior Citizen to get Monthly Income from their deposit.Monthly interest payment without discount.

• Eligibility - Senior Citizen of 6o years ( 55 years for VRS), Defence service 50 years
• Period - 24 months
• Quantum of Deposit – Rs.1 lakh upto Rs.10 lakhs
• Interest Payment – Monthly without discount (non-cumulative)
• Monthly interest to be credited to SB A/c of the depositor / Cheque / NEFT.
• Interest rate
• Special Features - For all other deposit, interest is payable at quarterly rest. If a depositor needs monthly interest, the same is paid at discount. But in this MPS, interest is payable without discount as a gesture to Senior Citizen
• Additional Features - Monthly Interest upto Rs.1,000/- may be get at residence/doorsteps to above 70 years old resides within 10km of radius of Branch.
• Preclosure Charge - Less 1% from the applicable ROI for the period.
• Loan on deposit available.

3. MAHILA INCOME

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)
• Special Features - Irrespective of age 1-100 years get same special rate being female.
• Period – 18 Months
• Option - Income (Non cumulative)
• Interest rate
• Interest Payable at Monthly rest (Discounted rate) /
• Quarterly rest (Simple rate)
• 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.

3. DAILY DEPOSIT

Repco offers Traders friendly deposit scheme collected at your door steps and accounted through Intelligent Hand Held Device. This tiny / pigmy savings accumulates and becomes an asset for future needs

• Collection of Deposit - Daily at the door steps of depositor.
• Eligibility - All members
• Interest rate
• Quantum of Deposit - Min Rs.100
• Period - 12 months
• Loan on deposit available.
• Preclosure charges - 3% on the outstanding amount

4. SAVINGS BANK ACCOUNT

REPCO offers Savings accounts for the purpose of inculcating the habit of savings among member customers so that a portion of one's hard earned money can be set apart for short term needs.

Salient Features

• Nomination facility available
• Cash remittance at base branch is Free
• Cash withdrawal at base branch is permitted Freeupto 5 transactions in a month.
• Minimum balance of Rs. 250/- to be maintained in Savings Account
• Penalty will be levied for non-maintenance of minimum balance.
• PassBook facility is available
• Standing instructions facility is available
• Nomination facility is available

Eligibility

• Account can be opened in the names of individuals singly / jointly / with either or survivor options
• A guardian on behalf of a minor.

Documentation

• Latest passport size photograph of the applicant would be necessary to open an account.
• Proof of residence and identity should be furnished through any of the documents such as Passport, Driving License, Identity Card issued by income tax authorities, voter’s identity card for KYC compliance during membership.
• The account will be opened on submission of the duly filled in application form along with the initial deposit amount in cash (Minimum Rs.500/-) along with suitable introduction from a person known to the bank.

Interest rate

• Interest Rate (Daily Balance Basis) Interest rate This may change from time to time as decided by the bank. Such interest is calculated on daily product basis and paid to the customer twice per year. (i.e. At the end of March / September every year)

TDS

• No TDS For interest earned in SB Account.