Non-Cumulative Deposit
REPCO 55
A Special scheme of Fixed deposits which is launched on 19.11.2023. The feature of the schemes are
- Eligibility – All "A "Class Member customers of the Bank
- Period – 333 Days
- Rate of Interest - 8.25% for General, 8.75% for Senior Citizen[Age 60 and above]
- Interest Payable – On maturity(Simple Interest)
- Loan on deposit - Available.
- Preclosure Charges - As applicable to other Fixed Deposit
REPCO 400
A Special scheme of Fixed deposits which is launched on 17.07.2023. The feature of the schemes are
- Eligibility – All "A "Class Member customers of the Bank
- Period – 400 Days
- Rate of Interest - 8.00% for General, 8.50% for Senior Citizen[Age 60 and above]
- Interest Payable – Monthly (@ Discounted rate),Quarterly, Half yearly and on maturity(Simple Interest)
- Loan on deposit - Available.
- Preclosure Charges - As applicable to other Fixed Deposit
REPCO 12 Income
A Special scheme of Fixed deposits which is 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 – Periodical interest ie Monthly (@ Discounted rate),Quarterly, Half yearly interest
- Loan on deposit - Available.
- Preclosure Charges - As applicable to other Fixed Deposit
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.
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.
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.
