Invest your fund for good cause

A new deposit product for promoting greener Earth

  • Benefits
  • Features
  • Eligibility Criteria
  • Documents Required
  • Interest rates & charges
  • Most Important Terms and Conditions (MITC)

bob earth Green Term Deposit : Features

Bank has specially designed this product which shows our commitment towards the goal to save environment. Bank has proposed a period of 1.5 years which reflects to limit temperature rise to 1.5°. Bank has proposed a period of 777 days which is a special number encourages you to contemplate your direction in life for a noble cause i.e. love for nature. Bank has also proposed a period of 1717 days under Green Deposit where 17 represents 17 sustainable Development Goals by UN and our Bank doubly emphasis on it.

  • MINIMUM DEPOSIT AMOUNT- Rs 5,000/- (and further in multiples of Rs. 100/-) for Callable Deposits. Above Rs. 1.00 crore for Non-Callable Deposits
  • MAXIMUM DEPOSIT AMOUNT-Less than Rs. 2.00 Crores
  • Sr. Citizen Preferential Rate is applicable only for “Resident Indian Sr. Citizen”.
  • Nomination facility will be available.
  • Auto-renewal facility will be available.

bob earth Green Term Deposit : Eligibility Criteria

  • An individual in his own name.
  • Jointly by more than one individual.
  • Minor of age above 14 years on terms as laid down by the Bank.
  • In the names of Clubs, associations, Educational Institutions, Partnerships and joint stock companies and any other institutions, which are eligible to open a Term Deposit, account as per Bank rules.
  • The product is available for minor account having age of 14 years and below with a maximum amount that can be accepted in minor account of this age group is  Rs. 1,00,000/-.

bob earth Green Term Deposit : Documents Required

    As per existing terms for FDR All documents applicable to 'Fixed Deposits' will apply.

bob earth Green Term Deposit : Interest rates & charges

Green Deposits below ₹ 2.00 Crores, ROI in % [Fresh & Renewal] - (w.e.f 07.03-2024)

Tenure of Green Deposit Resident/General Public/NRO Resident Indian Sr. Citizen NRE
12 months 6.75 7.25* 6.75
1.5 years 6.75 7.25* 6.75
777 days 7.15 7.65* 7.15
1111 days 6.40 7.05# 6.40
1717 days 6.40 7.05# 6.40
2201 days 6.40 7.40** 6.40

* incl. additional ROI 0.50% for Green Deposit for 12 months, 1.5 years & 777 days, # incl. additional ROI of 0.50+0.15 for Green Deposit for 1111 days & 1717 days, ** incl. additional ROI of 0.50%+0.50% for Green Deposit for 2201 days to Resident Senior Citizens

Non-callable (Single Deposit above Rs. 1.00 crore to less than 2.00 crore) will get additional interest rate of 0.15%

bob earth Green Term Deposit : Most Important Terms and Conditions (MITC)

  • Rate of Interest to Senior Citizen: An additional interest @ 0.50% is payable for deposits below Rs. 2 crore only.
  • Tax Deduction at Source:TDS will be deducted as per income tax rules. No TDS will be deducted if a person submits form 15G/15H as applicable.
  • TDS Certificate:TDS certificate will be provided to all customers.
  • Advance against Deposits:This facility is not available under this scheme.
  • Interest certificate available at request of customer
  • Deposit certificate-Term Deposit Receipt is provided
  • Term deposits can be transferred from one branch to another branch at the request of the customer.
  • Mode of Payment: Maturity proceeds are credited to the SB/ CA account of the customer. In cases where there are no operative accounts of the customer, maturity proceeds can be given in cash below Rs. 20,000 above which DD/pay order will be issued.
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