SBI vs BoB Fixed Deposits: If you are confused about which government bank to invest your money in, then today we will remove your tension. At present, State Bank of India and Bank of Baroda are providing green fixed deposit facility to the customers.
SBI vs Bank of Baroda: Many government banks are giving good returns on deposits to the customers, but if you are confused about which government bank to invest your money in, then today we will remove your tension. At present, State Bank of India and Bank of Baroda are providing green fixed deposit facility to the customers. Before investing anywhere, you should check the latest interest rates-
SBI is providing the facility of Green Rupee Term Deposit and Bank of Baroda Earth Green Term Deposit to the customers. Let us check where you will get more benefit.
SBI Green Term Deposit Scheme
Senior citizens are getting the benefit of higher interest under the Green Deposit Scheme. Senior citizens are getting interest at the rate of 7.15 percent on deposits with tenure of 1111 days and 1777 days. At the same time, interest at the rate of 7.40 percent will be available on deposits with a tenure of 2222 days. Common citizens are getting the benefit of interest at the rate of 6.65 percent on FDs of 1111 days and 1777 days. At the same time, interest is being given at the rate of 6.40 percent on retail deposits maturing in a period of 2222 days.
Who can take advantage of the scheme?
Residents, Non-Individuals and NRI Customers are all eligible to invest in this special deposit scheme. You can avail the benefits of this scheme through branch network. Apart from this, this scheme is not yet available on digital channels like YONO, Internet Banking, but it is expected that soon this scheme will also be available online.
Bank of Baroda Earth Green Term Deposit
Apart from this, Bank of Baroda is providing Earth Green Term Deposit facility to the customers. The objective of this scheme of the Bank is to mobilize deposits to fund qualifying environmental initiatives and sectors. The bank has brought this facility to customers for amounts ranging from Rs 5000 to less than Rs 2 crore. The interest rates offered to bank customers are 6.75% for one year period, 6.75% for 18 months, 7.17% for 777 days, 6.4% for 1111 days, 6.4% for 1717 days and 6.4% for 2201 days.
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