SBI Launches Green Rupee Term Deposit Scheme.

Banking & Finance | Dated: 22 Feb 2026

The State Bank of India (SBI) has launched the SBI Green Rupee Term Deposit scheme to raise funds for financing environmentally friendly projects. The scheme is available to resident individuals, non-individuals, and NRI customers, offering flexible tenors.

🎯 Key Highlights:

  • The deposits are available in three tenors: 1111, 1777, and 2222 days.
  • Funds raised will be strictly allocated to sustainable green projects.
  • Senior citizens receive an additional interest rate benefit.

💡 Other Important Facts:

  • Scheme: Green Term Deposit.
  • Bank: SBI.
  • Purpose: Eco-friendly Projects.

📚 Test Your Knowledge:

Which public sector bank launched the Green Rupee Term Deposit scheme to fund sustainable projects?

Correct Answer: State Bank of India

🚀 Quick Recap:

About SBI

  • Chairman - Dinesh Kumar Khara
  • HQ - Mumbai