Bank Of Baroda Launches Special Earth Term Deposit Scheme; Know Tenure, Interest Rates And Other Features

BOB Earth Green Term Deposit:  The Bank of Baroda, a public sector lender, has introduced the 'BOB Earth Green Term Deposit Scheme' to collect funds for environmentally friendly developmental projects. Existing and new customers can open green deposits at any branch of the Bank of Baroda across the nation.

Key factors of Bob Earth Green Term Deposit Scheme

- BOB Earth Green Term Deposit offers the opportunity to earn handsome returns across a range of tenors and contribute to making India a green and sustainable economy.

- The bank is offering interest rates up to 7.15 per cent. Eligible investors for the BOB Earth Green Term Deposit Scheme are the General Public, Resident Indians, NRIs and High Net Worth Individuals (HNIs).

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- Investment amount - Rs 5,000 To Rs 2 Crore

- Interest Rates for BOB Earth Green Term Deposit Scheme

For 12 months - 6.75%

For 18 Months i.e 1.5 years- 6.75%

For 777 days- 7.15%

For 1111 days- 6.40%

For 1717 days- 6.40%

For 2201 days- 6.40%

Under the Earth Green Term Deposit Scheme, the Bank of Baroda has introduced some innovative terms to commemorate the planet’s climate and sustainability goals, i.e. one-and-a-half-year terms – aimed at limiting global temperature rise to 1.5 degrees. Pre-industrial levels and a tenure of more than 1717 days – emphasis on the 17 United Nations Sustainable Development Goals, according to the bank.

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