The tenure of the deposit is 5-20 years

Repco Bank launched a new scheme called ‘Repco Crown’ at all its branches in the country and locally in the city. The deposit scheme offers a higher rate of interest at 9.80 per cent per annum for senior citizens and 9.30 per cent for the general public. The tenure of the deposit is 5-20 years.

The interest rate will be floating and will be the maximum prevailing rate for the corresponding period. Customers can avail the option of quarterly interest for income or quarterly rest in case of growth. Quantum of deposit will be Rs.10,000 to Rs.1 crore, according to a statement issued by the branch manager of the bank, promoted by the Union Ministry of Home Affairs, Anupam Das. For details contact 0891-2559258.