SBI vs BoB Fixed Deposits: Which is a better investment option in terms of returns?
Just a few of Indian banks provide their clients with green deposit options in an effort to generate capital for environmental projects and initiatives that support the growth of India’s green finance sector. The banks to introduce green fixed-rate notes are State Bank of India and Bank of Baroda.
Fixed Deposits: SBI vs BoB: We’ll ease your mind if you’re unsure whether government bank is the best place to put your money. State Bank of India and Bank of Baroda currently offer their clients the option of green fixed deposits.
SBI vs Bank of Baroda: A number of government banks offer their clients strong returns on their savings, but if you’re unsure which one to choose, we’ll ease your mind today. State Bank of India and Bank of Baroda currently offer their clients the option of green fixed deposits. It is advisable to verify the most recent interest rates before making any investments.
Customers can choose between a Bank of Baroda Earth Green Term Deposit and a Green Rupee Term Deposit through SBI. Let’s see where you stand to gain the most.
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Green Term Deposit Program of SBI
The Green Deposit Scheme offers greater interest rates to senior persons. Seniors who have deposits with terms of 1111 days and 1777 days are eligible to receive interest at a rate of 7.15 percent. Concurrently, deposits with a 2222-day duration will be eligible for interest at a rate of 7.40 percent. Regular people are receiving interest on FDs with maturities of 1111 days and 1777 days at a rate of 6.65%. Concurrently, retail deposits maturing in 2222 days are receiving interest at a rate of 6.40 percent.
Who is eligible to benefit from the plan?
Investments in this special deposit plan are open to residents, non-residents, and NRI customers. Through the branch network, you can take use of this scheme’s advantages. In addition, this program is not now accessible through digital channels like YONO or Internet Banking, although it is anticipated that it will be accessible online shortly.
Term Deposit at Bank of Baroda Earth Green
In addition, clients of Bank of Baroda can take advantage of the Earth Green Term Deposit option. The Bank’s strategy aims to raise deposits to finance eligible environmental projects and industries. Customers can use this service from the bank for amounts up to less than Rs 2 crore, but only up to Rs 5000. 6.75% for a year, 6.75% for 18 months, 7.17% for 777 days, 6.4% for 1111 days, 6.4% for 1717 days, and 6.4% for 2201 days are the interest rates that are available to bank customers.
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