SBI GREEN RUPEE TERM DEPOSIT

SBI GREEN RUPEE TERM DEPOSIT (SGRTD)

Reserve Bank of India has issued guidelines on 11th April 2023 regarding Framework for acceptance of Green Deposits as part of mobilising funds for financing green activities and projects and developing green finance ecosystem in the country. As such, amount mobilised under Green Deposit can be used to finance eligible green activities/projects only.

Accordingly, a new deposit scheme “SBI Green Rupee Term Deposit” has been introduced to mobilise deposits to support Bank in financing green initiatives.

Last Updated On : Thursday, 18-01-2024

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