Existing and new customers of Bank of Baroda can open a Green Deposit through any of the Bank’s branches across India.
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bob Earth Green Term Deposits interest rate
Interest rate on bob Earth Green Term Deposits vary between 6.2% to 7.15% for amounts between Rs 5,000 to below Rs. 2 Crore for general citizens. For senior citizens, the bank offer interest rate between 7.05% to 7.65%
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Where will the funds be used?
The funds raised will be allocated to eligible green projects/sectors such as Renewable Energy, Clean Transportation, Sustainable Water, Waste Management, Energy Efficiency, Climate Change Adaptation, Pollution Prevention and Control, Green Buildings, Biodiversity Conservation.
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What are Green Deposits?
According to the South Indian Bank website, “Green Depositis a fixed-term deposit for investors looking to invest their surplus cash reserves in environmentally friendly projects. These deposits provide investors a platform to fulfil their sustainability goals by investing surplus cash balances in environmentally beneficial projects. he investment in this fixed tenure deposit will go towards financing eligible businesses and projects that promote the transition to a low-carbon, climate-resilient, and sustainable economy.”
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Bank of Baroda regular FD rates
Bank of Baroda offers interest rate between 4.25% to 7.25% on amounts below Rs 2 crore for tenure ranging between 7 days to 10 years for general citizens.
