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Money & Banking - Co-operatives
States - Tamil Nadu
Repco Bank scheme for seniors

Madurai, Nov. 19

Repco Bank (Repatriates’ Co-operative Bank), coinciding with the celebration of its 40th Foundation Day, has introduced a special deposit scheme ‘REPCO 40’. The scheme offers an interest rate of 12 per cent for senior citizens and 11.5 per cent for others. It is open for a limited period and those who have retired after 58 years of age, VRS optees above 55 years and those who have completed 60 years of age are treated as ‘Senior Citizens’ to i nvest in the above scheme, a press release from the bank said.

— Our Correspondent

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