BOB Special FD 2024 Scheme announced as “BoB Earth Green Term Deposit.” Investors can get a higher interest rate of up to 7.15% for 5k to 2Cr deposits with an 18-month tenure. Let me know the complete details.
BOB Green FD 2024: Key Benefits
- The BOB Earth Green Term Deposit Scheme offers attractive interest rates of up to 7.15%.
- This Term Deposit Scheme is available between 18 Months, 777 Days, 1111 Days, 1717 Days and 2201 Days.
- Investors can deposit in the range of Rs. 5 thousand to Rs. 2 crores.
Bank of Baroda has recently launched a special Green Deposit Scheme, following in the footsteps of the State Bank of India. This BOB Green FD scheme 2024 offers the highest interest rates to customers who wish to invest in environmental protection departments and organizations. The BOB Earth Green Term Deposit Scheme offers attractive interest rates of up to 7.15% and is available to the General Public, Resident Indians, NRIs, and High-Net-Worth Individuals, with a deposit range of Rs. 5 thousand to Rs. 2 crores.
The BOB Earth Green Term Deposit Scheme offers several tenure schemes. One-year green deposits carry an interest rate of 6.75%, while 18-month green deposits offer a similar interest rate. A maximum interest rate of 7.15% is offered on a special tenure of 777 days, while deposits with a maturity period of 1111 days and 1717 days offer an interest rate of 6.4%. Green deposits with a tenure of 2201 days also offer an interest rate of 6.4%.
The bank will use the funds collected through this scheme for green projects like eligible renewable fuels, clean transportation, water, waste management, environmental changes, pollution control, green buildings, and biodiversity conservation. This is a unique opportunity to be part of the process of transforming India towards a greener and sustainable economy.
