Repco Bank Fixed Deposit Rates (Updated: 2026)

1. Different Types FD Schemes and Special Promotional offers List

Apart from regular FDs, Repco Bank also offers a few special schemes for women, senior citizens, retired employees, and children. These schemes are designed for specific needs such as regular monthly income, higher returns, or long-term savings.

1. Repco Fortune Plus

If you’re looking for a short-term FD with a higher interest rate, this scheme is worth considering.

• Tenure: 12 months
• Interest Rate: Up to 7.50% (General) and 8.00% (Senior Citizens)
• Interest Payout: Paid at maturity
• Best For: Investors who want to park money for 1 year and earn better returns

2. Repco 56 / Repco 400

These are special promotional FD schemes launched during important milestones of the bank and usually offer higher rates than regular FDs.

• Tenure: Around 400 to 560 days
• Interest Rate: Up to 8.25% (General) and 8.75% (Senior Citizens)
• Interest Payout: Paid at maturity with compounding benefits
• Best For: Investors chasing special FD offers and higher interest rates

3. Repco Mahila Income Scheme

This FD is specially designed for women who want a regular income from their savings.

• Tenure: 18 months
• Interest Rate: 7.60% p.a.
• Interest Payout: Monthly or quarterly
• Eligibility: Female account holder only

4. Repco Mahila Growth Scheme

This scheme is for women who don’t need regular income and want their money to grow until maturity.

• Tenure: 18 months
• Interest Rate: 7.60% p.a.
• Interest Payout: Interest gets compounded and paid at maturity
• Eligibility: Female account holder only

5. Ooruni Monthly Income Scheme

A useful FD option for retired people who want a fixed monthly income after retirement.

• Tenure: 24 months
• Interest Rate: Up to 8.00% p.a.
• Interest Payout: Monthly income
• Eligibility: Senior citizens (60+), VRS retirees (55+), and ex-servicemen (50+)
• Maximum Deposit: ₹10 lakh

6. Thanga Magal & Anbu Magan Scheme

These schemes are meant for children and can help parents build a future fund for education or other important needs.

• Tenure: 3 to 5 years
• Interest Rate: 7.00% p.a.
• Interest Payout: Compounded quarterly and paid at maturity
• Thanga Magal: For girl children
• Anbu Magan: For boy children
• Special Rule: Loans against these deposits are generally allowed only for education or medical expenses

💡 Practical Tip – If you are a senior citizen, woman investor, or planning savings for your child, don’t look only at the interest rate. Some of these special schemes provide regular monthly income, while others focus on long-term wealth creation. Choose the scheme based on your goal, not just the highest percentage.

2. Key Features & Benefits of Repco FD

Before opening a Repco Bank FD, here are a few things worth knowing:

1. Start with Just ₹1,000

You don’t need a big amount to begin. Repco Bank allows you to open an FD with as little as ₹1,000.

2. Large Deposits Follow Different Rates

If your FD amount is more than ₹3 crore, it falls under the bulk deposit category. The interest rate may be different from normal retail FD rates.

3. Need Money Early? FD Can Be Closed

Life doesn’t always go as planned. If you need your money before maturity, Repco Bank allows premature closure. However, the bank will pay the applicable interest for the period the FD remained active, minus 1% penalty.

4. Loan Facility Without Breaking the FD

In case of an emergency, you don’t always have to close your FD. Repco Bank lets you take a loan of up to 90% of the FD amount, while your deposit continues earning interest.

5. Your Money Gets Insurance Protection

Repco Bank deposits are covered under DICGC insurance up to ₹5 lakh per depositor, including eligible principal and interest amount.

6. Returns Stay Fixed

Once you book the FD, the interest rate is locked. Even if market rates go up or down later, your FD return remains unchanged.

💡 Tip: Many people make one big FD of ₹5 lakh or ₹10 lakh. A smarter approach is to split the amount into 2–3 separate FDs. If you suddenly need ₹2 lakh for a medical bill, family function, or business need, you can break only one FD and keep the others running normally.

3. Key Eligibility & Investment Guidelines

Before opening a Repco Bank FD, keep these important points in mind:

1. Savings Account Requirement

For most FD schemes, you may need an active Repco Bank Savings Account, especially if the interest or maturity amount is credited directly to your account.

2. Bulk Deposit Rules

FDs above ₹3 crore are treated as bulk deposits. These deposits may earn different interest rates compared to regular retail FD accounts.

3. Flexible Tenure Options

Repco Bank offers FD tenures ranging from 12 months to 60 months, allowing you to choose a period that matches your savings goal.

4. Monthly Interest Facility Available

Senior citizens can opt for special schemes that provide monthly interest payouts without any discounted rate. Interest can be credited to a Repco Bank Savings Account, paid through cheque, or transferred via NEFT to an account in another bank.

Insight: If you need regular income after retirement, a monthly income FD can be more useful than a normal FD. It gives a fixed cash flow every month while keeping your original deposit amount safe.

4. Repco FD: Cumulative vs Non-Cumulative (Quick Guide)

(a.) Cumulative FD (Growth Option)

In a cumulative FD, the interest stays in the deposit and keeps earning more interest. You receive the full amount only at maturity.

Example: ₹1 lakh @ 7.50% for 1 year → Maturity around ₹1,07,710

• Repco Cumulative Schemes:
  • Repco Fortune Plus (12 Months)
  • Repco Mahila Growth Scheme (18 Months)
  • Repco 56 / Repco 400 Scheme
  • Thanga Magal & Anbu Magan Scheme

Best For: Investors who don’t need regular income and want maximum maturity value.

(b.) Non-Cumulative FD (Income Option)

In a non-cumulative FD, interest is paid regularly to your savings account. The principal amount remains unchanged until maturity.

Example: ₹1 lakh @ 7.50% → Around ₹625 monthly income

• Repco Non-Cumulative Schemes:
  • Repco Fortune Plus (Income Option)
  • Repco Mahila Income Scheme
  • Ooruni / Monthly Payment Scheme

Best For: Senior citizens, retirees, homemakers, or anyone needing regular monthly income.

💡 Simple Rule – Need monthly income? → Choose Non-Cumulative FD OR Need bigger maturity amount? → Choose Cumulative FD.

5. How to Open a Repco Bank FD (Step-by-Step)

Opening a Repco Bank Fixed Deposit is quite simple. Just follow these steps:

Step 1: Keep Your Documents Ready

Before visiting the branch, keep these documents with you:

• Aadhaar Card
• PAN Card
• Passport, Voter ID, or other valid ID proof
• Address proof
• Two passport-size photographs
• Form 15G or Form 15H (if applicable)

Step 2: Open a Savings Account (If Needed)

Many Repco Bank FD schemes require a Repco Savings Account for interest payouts or maturity payments. If you don’t already have one, the branch may ask you to open it first.

Step 3: Choose the FD Scheme

Select the FD scheme that suits your goal, such as:

• Regular Fixed Deposit
• Repco Fortune Plus
• Repco Mahila Scheme
• Ooruni Monthly Income Scheme
• Repco 56 / Repco 400

The bank staff can help you choose the right option.

Step 4: Fill the FD Form and Deposit Money

Fill in the FD application form, add nominee details, choose the tenure, and deposit the money through cash, cheque, NEFT, RTGS, or bank transfer.

Step 5: Collect Your FD Receipt

Once the deposit is successfully created, the bank will provide an FD receipt or certificate. Keep it safely, as it contains your deposit details and maturity information.

💡 Practical Tip – Before booking the FD, decide whether you want monthly income or a higher maturity amount. This will help you choose between a Non-Cumulative FD and a Cumulative FD.

6. FD Interest Rates Comparison (Tenures of 1 to 2 Years)

📌 Quick Take – Among these banks, Repco Bank offers one of the highest FD rates, especially under its special schemes like Repco 56. Investors looking for higher returns may find Repco attractive, while larger banks such as SBI are often preferred for their wider branch network and brand familiarity.

Read – Fixed Deposit Rates in India (2026)

Frequently Asked Questions