Bank of Baroda Green FD: Green FD has been launched by Bank of Baroda. A minimum of Rs 5,000 and a maximum of Rs 2 crore can be invested in this FD.
Bank of Baroda Green FD: Green FD has been launched by Bank of Baroda. The objective of this scheme, launched under the name Bob Earth Green Term Deposit Scheme, is to finance projects related to the environment. Let us tell you, Green FD has already been launched by SBI.
In a press release issued by Bank of Baroda on March 11, 2024, it was stated that Bob Earth Green Term Deposit provides an attractive investment opportunity to investors. 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 are also different.
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 maximum investment of Rs 2 crore can be made by a lump sum investor.
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 funds be used?
The money 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 among others.
How can you invest?
Any customer can easily open a Green FD by visiting the Bank of Baroda branch. At the same time, new customers cannot avail the online facility due to lack of registration on the Bob World app, as the registration on the app is currently closed by the bank.
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