Repco Thanga Magal

Secure her dreams with Thanga Magal, where every deposit sparkles a brighter future. Gift your child a lifetime of opportunities, because she deserves the best.

Repco Thanga Magal - Safeguard your child's dreams and ambitions with Repco Thanga Magal scheme

Eligibility - Girl child less than 18 years old

Pre-closure - Less than 1% from the applicable ROI for the period

Period- Min 3 years and Max 5 Years

Loan On Deposit - Loan shall be permitted for the girl and guardian shall be a member of the bank

Interest Payment - On maturity

Why Choose Thanga Magal ?

Secure her dreams with Thanga Magal, where every deposit sparks a brighter future. Gift your child a lifetime opportunity because she deserves the best.

Every deposit sparkles a brighter future of your child

Benefit from an exceptional 7.75% interest rate

Secure her dreams with unmatched financial growth and support.

Deposits of up to 100 lakhs

Embrace this golden opportunity to empower your daughter's journey.

Thanga Magal Calculator

Calculate your deposit amount based on scheme, deposit period and average interest rate. We are making your calculations more transparent with a hassle-free experience.

1. Name of the Scheme
1L
2C
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OverView

Amount Invested 1,00,000

Amount Earned

Rate of Interest

Tenure Rate of Interest w.e.f. 20.05.2024
General Senior citizen Bulk deposit (2Cr. and above)
Scheme Rate of Interest w.e.f. 18-03-2024
ROI Eligibility
Repco Thanga Magal 7.75% Girl child less than 18 years
Scheme Rate of Interest w.e.f. 18-03-2024
ROI Eligibility
Repco Anbu Magan 7.75% Boy child less than 18 years
Scheme Rate of Interest w.e.f. 25-09-2023
General Senior citizen
Repco Mahila(18 Months, Exclusively for Women - no age bar) 8.00% 8.00%
Scheme Rate of Interest w.e.f. 02-05-2023
Savings Bank 3.00%

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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