Go Green with SBI’s New FD Scheme – SBI, on behalf of its customers, has launched another new FD scheme, offering two-fold benefits to investors. Additionally, the scheme provides three investment options to customers.

Citizens of India as well as NRIs can invest in this FD scheme. Both Indian citizens and NRIs are entitled to equal interest rates offered by the bank. The funds invested in this scheme are utilized by the bank to finance environmentally related projects in India.

Consequently, investing in this scheme offers dual benefits: contributing to environmental conservation and earning substantial interest rates from the bank. Let’s delve into the details of SBI’s new FD scheme and understand how to invest and the interest rates offered by the bank.

SBI Green Rupee Term Deposit Scheme

This FD scheme has been initiated by the Indian government, aiming to encourage investments that contribute to environmental improvement projects. The bank utilizes these funds to finance projects related to environmental conservation.

Despite its recent inception, this scheme has garnered significant popularity among the masses. Millions have already invested in this scheme, presenting you with a golden opportunity to benefit from higher interest rates by investing.

Investment Tenure

Under this scheme, customers can invest their funds for three different durations: 1111 days, 1777 days, and 2222 days, each offering varying interest rates.

SBI GRTD Scheme Interest Rate

SBI offers competitive interest rates to customers under this scheme. Depending on whether customers opt for retail or bulk investments, different interest rates are applicable.

SBI Green FD Retail Investment

For retail investors, the bank offers an interest rate of 6.65% for investments of 1111 days and 1777 days. Senior citizens enjoy a higher interest rate of 7.15% for the same investment durations.

For investments with a tenure of 2222 days, regular citizens receive an interest rate of 6.40%, while senior citizens receive 7.40%.

SBI Green FD Bulk Investment

Bulk investments under this scheme offer uniform tenure durations with interest rates varying accordingly. For investments of 1111 days and 1777 days, regular citizens receive an interest rate of 6.15%, while senior citizens receive 6.65%.

For investments with a tenure of 2222 days, regular citizens receive an interest rate of 5.90%, whereas senior citizens receive 6.40%.

By offering competitive interest rates and aligning investments with environmental projects, SBI’s new FD scheme provides investors with an attractive avenue to grow their wealth while contributing to a sustainable future.