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Madurai, Sept. 25

Repatriates Co-operative Finance and Development Bank (REPCO Bank) has increased the interest rates on its deposits by introducing two special schemes effective from September 8. Under Repco Reward Senior Citizens scheme, the interest will be 11.25 per cent per annum for 15 months for senior citizens and 11 per cent for the general public and they can draw the interest on a monthly, quarterly or half-yearly basis. Under Repco Star Scheme, the interest rate is compounded an d the interest is paid with the principal on maturity. The yield will be around 11.90 per cent.

— Our Correspondent

More Stories on : Fixed Deposits | Private Banks

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