Why Daily Deposits?

Experience the revolution of savings with Repco's Daily Deposit Scheme. We take pride in offering convenient door-to-door service, making saving a friendly habit. Trust Repco, the brand that empowers you to build a strong financial foundation.

Tenure

6 months, 12 months, 18 months

Doorstep Services

Savings collected at your doorstep

Our Deposits Schemes

Daily Deposit

A small amount of money saved regularly will save us time. In order to make saving a friendly habit, Repco offers the Daily Deposit Scheme, where your savings are collected at your doorsteps and accounted for through intelligent handheld devices. This savings scheme is truly a futuristic asset-building plan.

Eligibility - All Members

Quantum of Deposit- Minimum Rs. 100

Period - 6 months, 12 months, 18 months

Loan on deposit available

Interest rate - 1% for 6 months period, & 1.5% for 12 months period, & 2% for 18 months period

Collection of Deposit - Daily at the door steps of depositor

Door to Door Step Collection Available

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Frequently Asked Questions

  • Ordinary A class member of the bank can deposit at Repco Bank.
    • Individuals who are competent to contract under Section 11 of the Indian Contract Act 1872.
    • Individual repatriates from Burma, Sri Lanka, Vietnam, and other countries, including their first generation, who are competent to contract under Section 11 of the Indian Contract Act 1872.
    • Any multi-state cooperative society or any cooperative society.
    • Central Government.
    • State Government.
    • The National Co-operative Development Corporation was established under the National Co-operative Development Corporation Act 1962 (26 of 1962).
    • Any other corporation owned or controlled by the government.
    • Any government companies.
    • Such class or classes or persons or associations of persons as may be permitted by the central registrar having regard to the nature and activities of a multi-state cooperative society.

    • Yes, deposits would be pre-closed with applicable interest rates for the run period minus 1%.

    • Yes, senior citizens often get higher interest rates on Fixed Deposits compared to the general category of customers.

    • The maturity date is the end date of your Fixed Deposit when you can withdraw the principal amount along with the interest earned.

    • The minimum and maximum investment tenure for a Deposit can vary from scheme to scheme, but it's usually between 30 days and 5 years.

    • Yes, only for senior citizens and there are special schemes to get monthly interest without discounted rate.

    • Based on the request of the customer, interest can be credited to the SB A/c with Repco Bank, or through a Cheque or transfer of interest through NEFT to an account held with another bank.

    Repatriates Cooperative Finance and Development Bank Ltd. (REPCO BANK) was registered on November 19, 1969, as a Cooperative Society under the relevant provisions of the Madras Cooperative Societies Act, 1961, with jurisdiction over the State of Tamil Nadu, Andhra Pradesh, Karnataka, Kerala and the Union Territory of Puducherry.

    Repco Towers, No : 33, North Usman Road,
    T.Nagar, Chennai - 600017

    Ph No - 044-28340715

    Email - ho@repcobank.co.in

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