Bank of Baroda Launches bob Earth Green Term Deposit Scheme

Bank of Baroda, one of India’s leading public sector banks, has announced the launch of the bob Earth Green Term Deposit Scheme. The scheme aims to raise deposits that will be used to finance eligible environment-friendly projects and sectors, fostering India’s transition to a green and sustainable economy.

Interest Rates

Up to 7.15% p.a. on deposits ranging from Rs. 5,000 to Below Rs. 2 Crore.

Tenors & Interest Rates

Time Period	Interest Rate
1 year (12 months)	6.75%
1.5 years (18 months)	6.75%
777 days	7.15%
1111 days	6.40%
1717 days	6.40%
2201 days	6.40%

Allocation of Funds and Eligible Sectors

Allocation: Funds raised will be allocated to eligible green projects/sectors such as:

Renewable Energy
Clean Transportation
Sustainable Water and Waste Management
Energy Efficiency
Climate Change Adaptation
Pollution Prevention and Control
Green Buildings
Biodiversity Conservation

Accessibility

Existing and new customers can open a Green Deposit through any Bank of Baroda branch across India.

Previous Initiatives

Green Initiatives: On Bank of Baroda’s 116th Foundation Day, the Bank launched green initiatives under the name of “bob Earth” to reaffirm its commitment to environmental responsibility.
Step Forward: The launch of bob Earth Green Deposits represents a continued effort in this direction.

About Bank of Baroda

Establishment: Founded on 20th July 1908 by Sir Maharaja Sayajirao Gaekwad III.
Ownership: 63.97% stake owned by the Government of India.
Global Presence: Serves a customer base of ~165 million through over 70,000 touch points spread across 17 countries in five continents.
Digital Banking: Offers various banking products and services through digital banking platforms.