SBI Green Rupee Term Deposit Scheme, Interest Rate, Features

What is SBI Green Rupee Term Deposit Scheme? Find out the Interest Rate and Features

State Bank of India (SBI), the largest public sector bank in the country, has introduced a lucrative fixed deposit scheme. It is called the “SBI Green Rupee Term Deposit (SGRTD) scheme. It is the latest fixed deposit scheme allowing premature withdrawals. So, let’s reveal some essential details rega this scheme.

What is SBI green rupee term deposit scheme

Many Indians, who wish to take advantage of SBI’s new schemes, are searching for what is SBI green rupee term deposit scheme. The goal of this scheme is to use funds for environmental efforts and eco-friendly projects and initiatives. 

This scheme mainly focuses on growing the green finance ecosystem in the country. So, continue reading to find out how beneficial SBI Green Rupee Term Deposit scheme is for customers. 

Key Features and Facts About the SBI Green Rupee Term Deposit Scheme

There are some features and facts about the SBI Green Rupee Term Deposit Scheme that you should know before visiting the nearest bank, which are:

• Eligibility Criteria: Any Indian person, entity, and NRI is eligible to take advantage of SBI’s green rupee term deposit scheme. 
• Min-Max. Deposit: A customer has to deposit 1000 rupees at least and there is no maximum deposit limit. 
• Tenor (s): The SGRTD scheme offers 1111, 1777, and 2222 days tenures for fixed deposits. These tenures are suitable for customers of all sorts of customers willing to save funds. 
• Loan facility: Overdraft and loan facilities are allowed against the fixed deposit. 
• Premature Withdrawal: Normal time deposit guidelines apply on pre-mature withdrawal of funds according to this scheme. 
• Availability of the Product: This fixed deposit scheme can be available via a branch channel. YONO and INB apps will also make this product available for a limited time. 

The above-given facts clarify important facts associated with the SBI Green Rupee Fixed Deposit scheme. Interested customers should check other terms and conditions as well to ensure it is a beneficial FD scheme. 

SBI Green Rupee Deposit Scheme Interest Rate

The SBI Green Rupee Term Deposit Scheme interest rate is as described in the below-given table:

• Retail:

• Bulk:

Carefully assess the SBI Green Rupee Term Deposit rates and other information to ensure this scheme will be beneficial for growing your fund in the long run.

Conclusion

The SBI Green Rupee Term Deposit (STD) is according to the guidelines set by the RBI for green deposits. Assess the SBI Green FD interest rate through the table shared in this news to ensure the scheme delivers advantages you are looking for.