Bank of Baroda: Bank of Baroda (BOB) has come up with a special FD scheme for its customers. The name of the special FD of the bank is Earth Green Term Deposit Scheme. The purpose of this scheme of Bank of Baroda is to raise money for special schemes.
Bank of Baroda: Bank of Baroda (BOB) has come up with a special FD scheme for its customers. The name of the special FD of the bank is Earth Green Term Deposit Scheme. The purpose of this scheme of Bank of Baroda is to raise money for special schemes. BOB This money has been invested in environment friendly projects. The special thing is that Bank of Baroda is offering 7.15% annual interest on this special FD.
These people can invest
General public, resident Indians, NRI and HNI investors are eligible to invest in BOB Earth Green Term Deposit Scheme. Existing and new customers of Bank of Baroda can open Green Deposit through any branch of the Bank across India. The bank is giving interest ranging from 6.40 percent to maximum 7.1 percent to the customers.
Money will be invested here
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 used for green projects or renewable energy, clean transportation, sustainable water and waste management, energy efficiency, climate change adaptation, pollution prevention and control, green buildings, biodiversity.
| 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% | |
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