Union Minister of State for Home Affairs Ajay Kumar Mishra has launched New Repatriate Welfare Scheme, a deposit scheme of Repco Bank, a micro finance loan scheme and an app for Repco Micro Finance Ltd. (RFML) in Chennai.
Repco Bank chairman E. Santhanam, Managing Director R.S. Isabella and Board of Directors were present.
“Repco Subiksham” provides a new deposit scheme for senior citizens. It is a retail deposit scheme meant for senior citizens (aged above 60) and super senior citizens (age above 80), an official release said. “Interest rate is at 7.15% for senior citizen and 7.25% for super senior citizen”, it said.
