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SBI launches "Green Rupee Term Deposit" to fund eco-friendly projects.

Banking & Economy | Dated: 29 Nov 2025

State Bank of India (SBI) has introduced a new deposit scheme named "SBI Green Rupee Term Deposit" (SGRTD). The funds raised through this scheme will be exclusively used to finance green projects such as renewable energy, green building, and water conservation, supporting India's net-zero goals.

🎯 Key Highlights:

  • The scheme offers three tenors: 1111 days, 1777 days, and 2222 days, with interest rates slightly higher than regular fixed deposits to attract investors.
  • It is open to resident individuals, non-individuals, and NRIs, providing an opportunity for customers to contribute directly to sustainability.
  • This initiative aligns with the RBI's framework for Green Deposits aimed at fostering a green finance ecosystem in India.

💡 Other Important Facts:

  • Scheme: SBI Green Rupee Term Deposit.
  • Tenors: 1111, 1777, 2222 days.
  • Purpose: Funding Green Projects.

📚 Test Your Knowledge:

Which bank launched the "Green Rupee Term Deposit" scheme?

Correct Answer: SBI

🚀 Quick Recap:

About SBI

  • Chairman – C.S. Setty
  • HQ – Mumbai