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Bank of Baroda Green FD: Green FD has been launched by Bank of Baroda. This scheme, launched under the name of Bob Earth Green Term Deposit Scheme, aims to finance environment related projects. Let us tell you, Green FD has already been launched by SBI.
A press release issued by Bank of Baroda on March 11, 2024, said that the Bob Earth Green Term Deposit offers investors an attractive investment opportunity. The bank will give interest up to 7.15 percent on investment in green FD. Investment can be made in this FD for different periods. Their interest rates also differ.
BOB Earth Green Term Deposit: Minimum Investment
One can start with a minimum investment of Rs 5000 in Bob Earth Green Term Deposit Scheme. In this, a lump sum investor can invest a maximum of Rs 2 crore.
BOB Earth Green Term Deposit: Interest Rates
- One year – 6.75 percent
- 1.5 years – 6.75 percent
- 777 days – 7.15 percent
- 1111 days – 6.4 percent
- 1717 days – 6.4 percent
- 2201 days – 6.4 percent
Where will the money be used?
The funds under BOB Earth Green Term Deposit will be used to finance green projects like renewable energy, clean transportation, water and waste management, pollution prevention and control, green buildings, biodiversity conservation.
How can you invest?
Any customer can easily open a Green FD by visiting the Bank of Baroda branch. At the same time, due to lack of registration on the Bob World app, new customers cannot avail the online facility, because the registration on the app is currently closed by the bank.