Why Savings Bank Accounts

Saving money provides financial security, helps achieve goals, prepares for emergencies, reduces stress, allows for future opportunities and freedom. To develop the habit of saving among customers, Repco offers savings bank accounts.

Nomination facility available

Cash withdrawals are permitted upto 60 times for 6 months.

A penalty will be levied for non-maintenance of the minimum balance

Standing instructions facility is available

Cash remittance at base branch is Free (Up to Rs. 10.00 lac Per day)

Minimum balance of Rs. 100/- to be maintained in Savings Account

Passbook facility is available

Simple, Fast & Secure


The 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 a passport, driving licence, identity card issued by income tax authorities or 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. 100/-) along with a suitable introduction from a person known to the bank.

No TDS for interest earned in Savings Bank Account.

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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, N0:33, North Usman Road ,T.Nagar, Chennai - 600017

Ph No - 044-28340715

Email - ho@repcobank.co.in

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