Archive · 19 Aug 2025
Repco Bank Launches Deposit Mela in Tirupati
Repco Bank is having a big event in Tirupati called a 'Mega Deposit Mela' to encourage people to save money with them.
If you're a senior citizen, you can earn a good amount of interest, and others can too.
They also have special savings plans for women and kids.
The bank is doing well, making a lot of money recently, and even gave some money to the government as a dividend.
This mela is a chance for everyone in the area to learn more about saving money with Repco Bank.
Repco Bank launched a Mega Deposit Mela in Tirupati.
Senior citizens are offered 8.25% interest, and others receive 7.75%.
Special deposit schemes are available for women and children under 18.
The bank reported a record net profit of Rs 140 crore for FY 2024-25.
A dividend cheque of Rs 22.90 crore was handed to Union Home Minister Amit Shah.
- Who
- Repco Bank, including Chief Manager P Swarna Deepika, Chairman E. Santhanam, Director C. Thangaraju, and MD O.M. Gokul.
- What
- Repco Bank launched a Mega Deposit Mela, offering various deposit schemes.
- When
- The event was announced on Monday.
- Where
- The launch was at Repco Bank's Tirupati branch.
- Why
- To promote deposit schemes and encourage savings among residents.
- Bank
- Repco Bank
- Event
- Mega Deposit Mela
- Location
- Tirupati
- Senior Citizen Interest Rate
- 8.25%
- Other Interest Rate
- 7.75%
- FY 2024-25 Net Profit
- Rs 140 crore
- Dividend Cheque
- Rs 22.90 crore