Bank of Baroda Green Term Deposit Scheme:- Bank of Baroda (Bank), one of India’s largest public sector banks, on Monday announced the launch of Bob Earth Green Term Deposit Scheme.
The scheme aims to raise savings to finance eligible environmentally friendly projects and services. As part of the ESG initiative, the Bank of Baroda has launched Earth Green Term Deposits, with the proceeds invested in projects and projects that promote environmental sustainability
Read the full paper and you have access to complete information about BOB Green Term Deposit Scheme.
Significance of BOB Earth Green Term Deposit Scheme
The Bank has made significant progress in integrating sustainability into all facets of its business operations, including risk management, governance, social responsibility, and environmental impact.
Depositors can now take advantage of both safe and secure financial returns and the chance to make a positive impact on the environment with the launch of the Bob Earth Green Term Deposit Scheme.
Tenors & Interest Rates of Bank of Baroda Green Term Deposit Scheme
One of BoB’s ESG programs is the Bank of Baroda Green Term Deposit Scheme which is creatively worded as a reminder of the planet’s Climate & Sustainability goals allowing customers to benefit from the scheme’s contribution to a better planet and monetary returns so always in all.
It offers annual interest rates ranging from 6.75 per cent for 12 to 18 months to 7.15 per cent for 777 days. Further, interest rates for longer terms of 1,111 days, 1,717 days and 2,201 days have been fixed at 6.40 per cent per annum
Green Deposits(Bank of Baroda Green Term Deposit Scheme)
A green deposit is a type of fixed-term deposit that investors can use to place extra money towards green projects.
These deposits give investors a way to invest excess cash balances in projects that benefit the environment, helping them to achieve their sustainability goals.
The money invested in this fixed-term deposit will support the funding of qualified enterprises and initiatives that facilitate the shift to a low-carbon, resilient to climate change, and sustainable economy.
Bank of Baroda Green Term Deposit Scheme Funds
Renewable energy, clean transportation, sustainable use of water and waste, energy efficiency, climate change adaptation, pollution prevention and control, green buildings, nature a biodiversity conservation, and other eligible green-related projects or areas will have funds raised through bob Earth Green Term Deposits.
Eligibility Criteria for Bank of Baroda Green Term Deposit Scheme
Bank of Baroda Green Term Deposit Scheme :-Any of Bank of Baroda’s branches throughout India can be used by both new and current clients to open a green deposit.
Regular FD Rates under the Bank of Baroda
| Tenors | Resident Indian Sr. Citizen | Residents / General Public |
| 7 days to 14 days | 4.75* | 4.25 |
| 15 days to 45 days | 5.00* | 4.5 |
| 46 days to 90 days | 6.00* | 5.5 |
| 91 days to 180 days | 6.10* | 5.6 |
| 181 days to 210 days | 6.25* | 5.75 |
| 211 days to 270 days | 6.65* | 6.15 |
| 271 days & above and less than 1 year | 6.75* | 6.25 |
| 360D (bob360) | 7.60* | 7.1 |
| 1 year | 7.35* | 6.85 |
| Above 1 year to 400 days | 7.35* | 6.85 |
| Above 400 days and upto 2 Years | 7.35* | 6.85 |
| Above 2 Years and upto 3 Years | 7.75* | 7.25 |
| Above 3 Years and upto 5 Years | 7.15 # | 6.5 |
| Above 5 Years and upto 10 Years | 7.50*** | 6.5 |
| Above 10 years (MACT/MACAD | 6.75* | 6.25 |
| Court Order schemes only) | ||
| 399 Days (Baroda Tiranga Plus Deposit Scheme) | 7.65* | 7.15 |
FaQ
Q.Which type of FD is best in Bank of Baroda?
Ans.Fixed deposits that provide tax exemption under Section 80C of the Income Tax Act are the most popular. The lock-in period of an FD with 5 years. Investing in this FD will provide an annual tax relief of Rs 1.5 lakhs.
Q.What is the money double scheme in Bank of Baroda?
Ans.This is a term deposit scheme offered by Bank of Baroda. Baroda Double Dhamaka Fixed Deposit, as the name implies, provides double reruns on your investments. A term/fixed deposit is a financial instrument by investing in which you can get assured returns on your investments.
Q.What is green deposit interest rate?
Ans.5.85 (Card Rate+0.25%) A minimum of Rs. 50,000 and a maximum of Rs. 1,99,99,999 are required. For Green Fixed Deposits, there is an extra interest rate of 0.20 to 0.25% above the fixed deposit card rates
Q.What is the official website of the Bank of Baroda?
Ans.https://www.bankofbaroda.in/ is the official website of the Bank of Baroda
Bank of Baroda Green Term Deposit Scheme: Interest Rate, Features, Tenure @www.bankofbaroda.in brothers, if you are liked given by jagokisan.com with the information then plz like and share so that other farmer brothers can also be helped