The Repatriates Cooperative Finance and Development Bank (Repco) Bank Ltd., has introduced a special term deposit –Repco 41'. The rate of interest offered for a period of 15 months under the scheme is 11 per cent per annum for senior citizens and 10.50 per cent for others. Depositors have the option to get either monthly interest or cumulative interest on the deposits. Another short term deposit with a slab period of 181 days to 364 days has been launched with a interest rate of 10.10 per cent per annum for senior citizens others.