Bank of Baroda launched Green FD, know from interest rate to who can invest, read all details

Bank of Baroda Green FD: Green FD has been launched by Bank of Baroda. Launched under the name Bob Earth Green Term Deposit Scheme, the scheme aims to finance projects related to the environment. Let us tell you that Green FD has already been launched by SBI.

A press release issued by Bank of Baroda on March 11, 2024 stated that Bob Earth Green Term Deposit provides an attractive investment opportunity to investors. The bank will offer up to 7.15 percent interest on investment in green FDs. These FDs can be invested for different periods. Their interest rates are also different.

Bob Earth Green Term Deposit: Minimum investment

Bob Earth Green Term Deposit Scheme has a minimum deposit of Rs. 5000 can be started with an investment. In this, a single investor can invest a maximum of Rs. 2 crores can be invested.

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 a 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 registration on the app is currently closed by the bank.