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SBI Launches "Green Rupee Term Deposit" to Finance Eco-friendly Projects.

Banking & Finance | Dated: 10 Jan 2026

State Bank of India (SBI) has launched a new deposit scheme named "SBI Green Rupee Term Deposit" (SGRTD). The objective is to mobilize funds specifically for financing green initiatives and eco-friendly projects. It is available to resident individuals, non-individuals, and NRIs.

🎯 Key Highlights:

  • The deposit offers three tenors: 1111 days, 1777 days, and 2222 days.
  • It offers interest rates slightly below the retail term deposit rates but appeals to ESG-conscious investors.
  • This initiative supports the government's goal of achieving Net Zero carbon emissions by 2070.

💡 Other Important Facts:

  • Scheme: SBI Green Rupee Term Deposit.
  • Purpose: Green Financing.
  • Tenors: 1111/1777/2222 Days.

📚 Test Your Knowledge:

Which bank launched the "Green Rupee Term Deposit" (SGRTD) with tenors of 1111, 1777, and 2222 days?

Correct Answer: SBI

🚀 Quick Recap:

About SBI

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