State Bank of India (SBI) provides special fixed deposit (FD) schemes to entice investors by offering greater interest rates than ordinary FDs. The SBI Green Rupee Term Deposit was launched in 2023 to raise funding for green activities and the creation of a sustainable green finance ecosystem in India.
Schemes OfferedThe SBI Green Rupee Term Deposit includes three schemes: the 1111-day FD, the 1777-day FD, and the 2222-day FD.
Also Read– Sukanya Samriddhi Yojana: How to transfer SSY account from one bank to another
Interest Rates for General CitizensIn the retail category, general citizens receive a 6.65% interest rate for the 1111-day and 1777-day FDs, and a 6.15% interest rate for the 2222-day FD.
Bulk Category Interest Rates for General CitizensIn the bulk category, the 1111-day and 1777-day FDs pay 6.40% interest, while the 2222-day FD pays 6.15% interest.
Senior Citizens’ Interest Rates in Retail CategorySenior citizens earn greater interest rates, with 7.15% for the 1111-day and 1777-day FDs and 7.40% for the 2222-day FD in the retail category.
Read More: Fixed deposits offering highest interest rates in Oct – Lock in FDs before rate reductions
Senior Citizens’ Bulk Category RatesIn the bulk category, senior citizens are offered a 6.90% interest rate for the 1111-day and 1777-day schemes, and 6.65% for the 2222-day FD.
Focus on Green FinancingThe SBI Green Rupee Term Deposit is purposefully created to promote environmentally friendly enterprises and encourage investors to contribute to sustainability.
Attractive Features of SBI Green DepositSBI’s special FD has competitive interest rates, making it an interesting option for investors who want to earn more while supporting green projects.
For more news like this visit Officenewz.com.
