SBI launches Green Rupee Term Deposit?
Banking & Finance
The bank offers three tenures of 1111 Days, 1777 Days and 2222 Days and interest rate varies if the investment is made under retail scheme or bulk deposit scheme. UnAccording to the ICICI Bank website, “These aren't just your typical financial instruments; they're a commitment towards safeguarding the environment, offering investors a unique blend of fiscal security and ethical investing.”der the scheme, the bank offers 6.65% on tenure of 1111 Days, 1777 Days.
SBI has launched SBI Green Rupee Term Deposit in an effort to raise cash for funding green activities and projects, as well as to expand the country's green finance ecosystem.
According to the ICICI Bank website, “These aren't just your typical financial instruments; they're a commitment towards safeguarding the environment, offering investors a unique blend of fiscal security and ethical investing.”
Resident Individuals, Non- Individual and NRI Customers can invest in this special deposit.
About State Bank of India (SBI) :
Founded: 1 July 1955, Chairperson: Dinesh Kumar Khara
Headquarters: Mumbai
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