Bank of Baroda Introduces Earth Green Term Deposit Scheme, Offering 7.15% Interest

Bank of Baroda (BOB) unveils its latest initiative, the Earth Green Term Deposit Scheme, aimed at mobilizing funds for environmentally sustainable projects.

With an attractive annual interest rate of 7.15%, the scheme appeals to a wide spectrum of investors, including the general public, resident Indians, NRIs, and HNIs.

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Promoting Environmental Sustainability

The Earth Green Term Deposit Scheme embodies Bank of Baroda’s commitment to fostering eco-friendly initiatives.

By channeling funds into projects such as renewable energy, clean transportation, and sustainable water management, the scheme contributes to mitigating environmental challenges while offering financial returns to investors.

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Dual Benefits for Depositors

Debdutt Chand, Managing Director and CEO of Bank of Baroda, underscores the dual benefits of stability and financial security for depositors participating in the Earth Green Term Deposit Scheme.

Investors can expect reliable returns while contributing to the advancement of green technologies and practices.

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Investment Options and Interest Rates

With investment options ranging from Rs 5,000 to Rs 2 crore, the Earth Green Term Deposit Scheme offers competitive interest rates across various tenures.

Notably, investors can earn an annual interest rate of 7.15% for deposits maturing in 777 days, aligning their financial goals with environmental stewardship.

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