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Repatriates Cooperative Finance hikes interest rate

Special Correspondent

Thiruvananthapuram: Repatriates Cooperative Finance and Development Bank Ltd., a Government of India enterprise with branches in Thiruvananthapuram, Punalur and Kulathupuzha in Kerala, has revised its interest rates for term deposits during the current month, which is being observed as deposit mobilisation month.

The revised rates are 5 per cent for 30 to 45 days, 6 per cent for 46 to 89 days, 7 per cent for 90 to 364 days, 8 per cent for one to less than three years and 8.25 per cent for three to five years.

The interest on Diamond plus scheme for two years is 9.50 per cent.

Senior citizens will get 0.5 to 1 per cent more interest for some of these deposits.

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