Bank of Baroda has launched the bob Earth Green Team Deposits scheme to raise deposits that will be deployed towards financing eligible environment-friendly projects and sectors.

Banking & Finance

Bank of Baroda has launched the bob Earth Green Team Deposits scheme to raise deposits that will be deployed towards financing eligible environment-friendly projects and sectors. As part of its Environmental, Social, and Governance (ESG) initiatives, the scheme proceeds will be specifically earmarked for environment-friendly projects and sectors. The bank is offering up to 7.15% annual interest rates to investors, depending on the tenor, and anyone, including high-net-worth individuals (HNIs), resident Indians, and the general public, can invest in the scheme. Depositors can start their investment from Rs5,000 up to below Rs2 crore. Both existing and new customers of Bank of Baroda can open a green deposit through any of its branches across India.


      These include a 1.5-year tenure, which represents the goal of limiting the increase in global temperature to 1.5 degrees Celsius above pre-industrial levels, and a tenure of 1717 days, which emphasises the 17 Sustainable Development Goals of the United Nations twice.

     

     

 

     


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