SBI FD Scheme: 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. Keeping this in mind, SBI has started special green term deposit.
SBI FD Scheme: 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. Keeping this in mind, SBI has started special green term deposit. According to SBI, the purpose of this special scheme is an initiative to raise funds for green activities and environment friendly projects in the country.
1. SBI Green Rupee Term Deposit: Who can apply?
Any Indian, NRI, NRO can raise money in this scheme of SBI.
2. The investment will be for so many days
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.
3. How can I apply?
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.
4. Interest on SBI Green Rupee Term Deposit (SGRTD)
Slightly lower interest is being offered compared to regular SBI FD deposits. The interest rate on this is 6.15% – 7.40% per annum.
1111 days – 6.65 %
1777 days – 6.65 %
2222 days – 6.40 %
5. Loan Service
Loan and overdraft service is available against the deposited amount.
6. TDS
TDS is applicable as per income tax rules.
7. SBI said that senior citizens, employees, employees will be eligible for higher interest rates under the Senior Citizen Scheme than the rate applicable to the public. However, the benefit of additional interest will not be available to NRI Senior Citizens/NRI Employees.
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