Bank of Baroda: There are some Indian banks which are coming up with FD schemes to take care of the environment. Banks are working to raise money for schemes that help improve India’s environment.
Bank of Baroda: There are some Indian banks which are coming up with FD schemes to take care of the environment. Banks are working to raise money for schemes that help in improving India’s environment. State Bank of India and Bank of Baroda have launched Green FD. Here we are telling you about the Green FD of SBI and Bank of Baroda.
SBI Green Rupee Term Deposit
State Bank of India (SBI), the country’s largest public sector bank, has recently launched SBI Green Rupee Term Deposit (SGRTD). This is a special deposit scheme whose objective is to raise money for environment friendly projects. Any Indian, NRI, NRO can invest money in this scheme of SBI. SBI Green Rupee Term Deposit (SGRTD) can be invested in three different time periods. These are 1,111 days, 1,777 days and 2,222 days. This scheme is available through the branch network of the bank. SBI has said that it will soon be connected through digital channels like YONO and internet banking service. Slightly lower interest is being offered compared to regular SBI FD deposits. The interest rate on this is 6.15% – 7.40% per annum. Loan and overdraft service is available against the deposited amount.
Interest rate
1111 days – 6.65 %
1777 days – 6.65 %
2222 days – 6.40 %
Earth Green Term Deposit Scheme of Bank of Baroda
Bank of Baroda (BOB) has launched Earth Green Term Deposit Scheme. Its purpose is to raise money. This money will be invested in environment friendly projects. Bank of Baroda is giving annual interest of 7.15% on this. General public, resident Indians, NRI and HNI investors are eligible to invest in Bob Earth Green Term Deposit Scheme. Debdutt Chand, Managing Director and CEO, Bank of Baroda, said that the launch of Bob Earth Green Term Deposit Scheme will provide double benefit of stable and secure financial returns to the depositors. The money raised through Earth Green Term Deposit will be invested in green projects or areas. Existing and new customers of Bank of Baroda can open Green Deposit through any branch of the Bank across India.
| Time | From Rs 5000 to Rs 2 crore | |
| BOB Earth Green Deposits (Annual Interest) | ||
| one year 12 months | 6.75% | |
| 1.5 years i.e. 18 months | 6.75% | |
| 777 days | 7.15% | |
| 1111 days | 6.40% | |
| 1717 days | 6.40% | |
| 2201 days | 6.40% | |
