What is the Special FD Scheme of Bank of Baroda? Attractive rates and more; Important things to know about Bob Earth Green term deposits
Managing Director and CEO of Bank of Baroda said the launch of the Bob Earth Green Term Deposit Scheme offers depositors the dual benefits of stable and secure financial returns and the opportunity to contribute to a greener planet.
Bank of Baroda recently introduced BOB Earth Green Term Deposit Scheme to generate funds for eco-friendly projects. Investors can open a Green Deposit account with any Bank of Baroda branch in India.
“The Bank has made great strides in embedding sustainability into its operations, including our approach to risk management, governance, social responsibility and environmental impact,” said Debadatta Chand, Managing Director & CEO of Bank of Baroda, according to Mint.
He stated that the launch of the Bob Earth Green Term Deposit Scheme offers savers the dual benefits of stable and secure financial returns and the opportunity to contribute to a greener planet.
“As one of India’s leading banks, Bank of Baroda is committed to advancing its ESG mandate and strengthening its green finance portfolio,” he added.
Important things to know about Bob Earth Green term deposits
This scheme offers attractive interest rates on various tenors and also helps the country in its mission to have a green and sustainable economy.
Bob Earth Green Term Deposits Interest Rates
This scheme has interest rates of up to 7.15% per year. Investors such as the general public, NRIs, resident Indians and high net worth individuals (HNIs) can invest in the BOB Earth Green Term Deposit Scheme.
BOB Earth Green Term Deposit Tenors Amount
The tenor amount starts from ₹5,000 and one can invest up to ₹2 Crore or less
The Bob Earth Green term deposit scheme: interest rate range
Interest rates
- For 1 year i.e. 12 months is 6.75
- For 1.5 years i.e. 18 months is 6.75
- For 777 days this is 7.15
- For 1111 days this is 6.40
- For 1717 days this is 6.40
- For 2201 days this is 6.40
Bob Earth Green Term Deposit Unique ownership rights
The bank has come up with a number of unique property rights that recall the planet’s climate and sustainability goals, such as
- A term of office of one and a half years means that the global temperature increase must be limited to 1.5 degrees Celsius above pre-industrial levels.
- Tenure 1717 days focuses on the United Nations’ goal of 17 sustainable development goals.