SBI Green Rupee Term Deposit Scheme 2024 Interest Rate, Invest Process, Eligibility, Calculator

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To encourage the citizens of the country to deposit some of their capital in the bank and to raise funds for environment-friendly initiatives and projects, the State Bank of India recently launched SBI Green Rupee Term Deposit Scheme 2024. Is of. Under this scheme, if a citizen of the state deposits some savings amount out of the earned amount in the bank, then he will be provided a good interest rate on the deposited amount. Today through this article we will provide you with complete information about SBI Green Rupee Term Deposit Scheme 2024 Interest Rate, Duration, Benefits, Application Process, etc. So stay connected with this article till the end and get information about the SBI Green Rupee Term Deposit Scheme. Get complete information about.

SBI Green Rupee Term Deposit Scheme 2024

State Bank of India has started the SBI Green Rupee Term Deposit Scheme 2024 to provide good interest rates to the citizens of the country by depositing some of the earned amount in the bank. The launch of this scheme will boost the green finance system in the country and raise funds for environment-friendly initiatives and projects. With the launch of this scheme, the citizens will develop the habit of saving the money earned by depositing it in the bank, due to which the citizens of the country will be able to get good interest rates on their deposited amount. Under this scheme, the period was fixed as 1111 days, 1777 days, and 2222 days on which the interest rate will be provided from 5.90% to 6.40%. Non-resident and resident citizens of the country can avail the benefits of this scheme. To get the SBI Green Rupee Term Deposit Interest Rate and other information under this scheme, eligible citizens can visit the bank’s branch or the official website.

Key Details Of SBI Green Rupee Term Deposit Scheme

Name Of Scheme SBI Green Rupee Term Deposit Scheme
Started In Which Country India
Started By State Bank of India {SBI}
Year 2024
Objective Providing FD to encourage citizens to deposit savings
Beneficiary Permanent and resident citizens of the country
Application Mode Online
Interest Rate 5.90% to 6.40%
Official Website sbi.co.in

Objective Of SBI Green Rupee Term Deposit Scheme 2024

The main objective of starting the SBI Green Rupee Term Deposit Scheme launched by the State Bank of India is to encourage the citizens of the country to deposit their savings by providing them a good interest rate on depositing some amount from their earned capital. So that a green finance ecosystem can develop in the country and environment-friendly initiatives can be promoted.

Benefits Of SBI Green Rupee Term Deposit Scheme 2024

The details of the benefits that the citizens of the country will get through the SBI Green Rupee Term Deposit Scheme 2024 launched in the country are as follows.

  1. Citizens of the country will be encouraged to deposit some amount of their earned money in the bank as savings.
  2. The launch of the scheme will promote environment-friendly initiatives in the country.
  3. This scheme will develop a green finance ecosystem in the country.
  4. Good interest rates will be provided to the citizens of the country which will improve their economic condition.
  5. Under the scheme, loan and overdraft facilities are available against the deposited amount.
  6. Under the scheme, the facility of premature withdrawal of the deposited amount is available.

SBI Green Rupee Term Deposit Scheme 2024 Interest Rate

The details of the interest rate offered on deposits through the SBI Green Rupee Term Deposit Scheme Interest Rate launched by the State Bank of India for both retail and wholesale deposits are as follows:

Time Bulk Deposits Retail Deposits
1111 Days 6.15 % 6.65 %
1777 Days 6.20 % 6.70 %
2222 Days 5.90 % 6.40 %

Eligibility Criteria Of SBI Green Rupee Term Deposit Scheme 2024

State Bank of India has set some eligibility criteria for providing benefits for SBI Green Rupee Term Deposit Scheme 2024, the details of which are as follows.

  1. All citizens of the country are eligible to invest under this scheme.
  2. Resident citizens of the country are also eligible to take advantage of this scheme.
  3. The age of the citizen investing should be more than 18 years.
  4. The citizen investing must have an account in the State Bank of India.
  5. Citizens should have all the necessary documents to invest.

Required Documents Of SBI Green Rupee Term Deposit Scheme 2024 Invest Amount

The details of the important documents required by eligible citizens of the country to invest in SBI Green Rupee Term Deposit Scheme 2024 are as follows.

  1. Aadhar card
  2. Address proof
  3. income certificate
  4. age certificate
  5. Passbook of bank account of State Bank of India
  6. mobile number
  7. passport size photo
  8. Nominee name and Aadhar card

Process Of SBI Green Rupee Term Deposit Scheme 2024 Invest

Any citizen of the country who wants to Invest in the SBI Green Rupee Term Deposit Scheme 2024 should either wait for the official release sbi.co.in of this scheme or invest offline by following this process.

  1. Visit your nearest State Bank of India bank branch.
  2. Get the application form for this scheme from the employees or officers present in that branch.
  3. Now enter all the details asked in this form correctly and enter the details of the amount and time you want to invest.
  4. Now attach all the required required documents with this form.
  5. Now you submit this form along with the investment amount in the same bank branch.
  6. In this way, you will be able to easily SBI Green Rupee Term Deposit Scheme 2024 Invest Amount.
Official Website sbi.co.in
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