NEWS & ADVICE : FIXED DEPOSITS
Repco Bank brings new FD scheme
By Neelima Shankar
Nov 28, 2011
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Repco Bank has brought a revision in interest rates of its fixed deposits.

The deposit scheme of the bank having maturity of 22 months, that is Repco-22 will now attract an interest of 10.60% for general citizens and 11% for senior citizens.

Also, deposit account holders will be given the choice between choosing to receive lumpsum interest on maturity of the deposit or periodical interest.

Mr J. Gireeshkumar, Chief Manager at the Thiruvananthapuram branch of the bank also said that employees of Kerala government will be eligible for senior citizen cadre upon the age of superannuation.


 


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