SBI: 9 Things to know about SBI Green Rupee Term Deposit Scheme [Full Details]

Written by Sravan

Updated on:

Tenure
[in Days]
Tenure
[in Years]
General
Citizens
Senior
Citizens
1111 Days3 Year 0.5 Months (Approx)6.65%7.15%
1777 Days4 Year 10 Months (Approx)6.65%7.15%
2222 Days6 Year 1 Month (Approx)6.40%7.40%
SBI Green rupee term deposit scheme interest rate

From the above chart it is clear that the Regular Citizens will get more interest for 1,111 days period than depositing for 2,222 days period.

General PublicSenior Citizens
TenorsRevised Rates for Public
w.e.f. 27/12/2023
Revised Rates for Public
w.e.f. 27/12/2023
7 days to 45 days3.50%4.00%
46 days to 179 days4.75%5.25%
180 days to 210 days5.75%6.25%
211 days to less than 1 year6.00%6.50%
1 Year to less than 2 years6.80%7.30%
2 years to less than 3 years7.00%7.50%
3 years to less than 5 years6.75%7.25%
5 years and up to 10 years6.50%7.50%*
SBI Regular Fixed Deposit Interest Rates
General PublicGeneral Public
TenorsRegular
Fixed Deposit
Green Rupee
Term Deposit
3 years to less than 5 years6.75%6.65%

However, If you deposit in a regular FD for a period of 5 years to a period of 10 years, you will get 6.50% rate of interest and in case of Green deposit scheme, you will get 6.40% rate of interest p.a..

General PublicGeneral Public
TenorsRegular
Fixed Deposit
Green Rupee
Term Deposit
5 years and up to 10 years6.50%6.40%
Senior CitizensSenior Citizens
TenorsRegular
Fixed Deposit
Green Rupee
Term Deposit
3 years to less than 5 years7.25%7.15%
Senior CitizensSenior Citizens
TenorsRegular
Fixed Deposit
Green Rupee
Term Deposit
5 years and up to 10 years7.50%7.40%

To deposit money in SBI Green Deposit Scheme, you have to visit your SBI home branch and join in it. As there is no online facility of SBI Internet Banking or SBI Yono facility at present to deposit through this scheme. But there is a good chance that it will be available in online very soon.

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Author is a Qualified CMA with rich industry experience for more than 6 years. He is an All India Ranker (AIR-101) in CMA and also a Semi-Qualified Chartered Accountant having a quite good experience in teaching the subjects of Accounting and Costing to the commerce aspirants.

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