SBI launches green rupee term-deposit scheme to mobile funds for climate-friendly projects

The bank said the scheme is open to all individuals including non-resident Indians and offers investors the flexibility to choose from three distinct tenors: 1,111 days, 1,777 days, and 2,222 days.

SBI launches green rupee term-deposit scheme to mobile funds for climate-friendly projects
SBI on Friday launched a green rupee term-deposit scheme, image credit: Reuters

Country's largest lender State Bank of India (SBI) on Friday launched a green rupee term-deposit scheme with an aim to finance environment-friendly projects.

The bank said the scheme is open to all individuals including non-resident Indians and offers investors the flexibility to choose from three distinct tenors: 1,111 days, 1,777 days, and 2,222 days.

Currently, the scheme is available through the branch network and it will soon be made available through digital channels such as Yono and online banking, chairman Dinesh Khara said in a statement.

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Written By: PTI
Updated: Fri, Jan 12, 2024
03:20 PM IST
PTI
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