The SBI Green Rupee Term Deposit (SGRTD) is a special fixed deposit scheme launched by the State Bank of India (SBI) to support environmentally sustainable projects. This unique deposit plan offers attractive interest rates, especially for the 1111-day tenure, making it a safe and profitable investment option for individuals and businesses.
SBI’s initiative aligns with global efforts to promote green financing, offering depositors an opportunity to earn high returns while contributing to eco-friendly projects. In this article, we’ll break down everything you need to know about this scheme, including its benefits, interest rates, eligibility, and how you can invest.
SBI Green Rupee Term Deposit
| Feature | Details |
|---|---|
| Scheme Name | SBI Green Rupee Term Deposit (SGRTD) |
| Tenure | 1111 days (other tenures available: 1777 & 2222 days) |
| Interest Rate (General Public) | 6.65% p.a. |
| Interest Rate (Senior Citizens) | 7.15% p.a. |
| Minimum Deposit | ₹1,000 |
| Maximum Deposit | No upper limit |
| Premature Withdrawal | Allowed as per SBI guidelines |
| Loan Facility | Available against the deposit |
| Official Website | SBI Green Rupee Term Deposit |
The SBI Green Rupee Term Deposit (SGRTD) 1111-day scheme is a fantastic investment opportunity offering high returns, security, and environmental benefits. With interest rates of up to 7.15% p.a., this scheme is ideal for individuals, businesses, and NRIs looking for a sustainable investment option.
What is the SBI Green Rupee Term Deposit?
The SBI Green Rupee Term Deposit is a fixed deposit scheme where SBI utilizes the collected funds to finance eco-friendly projects. The primary goal of this initiative is to contribute to India’s green economy while offering depositors a stable and secure investment option.
Why Invest in SBI’s 1111-Day Fixed Deposit?
- Attractive Interest Rates – Earn 6.65% p.a. (General) and 7.15% p.a. (Senior Citizens)
- Secure Investment – SBI is India’s largest bank, ensuring safety and reliability
- Supports Sustainability – Your funds will help green projects and eco-friendly initiatives
- Flexible Tenure Options – Available for 1111, 1777, and 2222 days
- Premature Withdrawal & Loan Options – Offers liquidity in emergencies
see also: Now TDS Will Not Be Deducted on FD Up to This Limit
SBI Green Rupee Term Deposit Interest Rates
SBI offers competitive interest rates under this scheme, higher than regular term deposits for certain tenures:
| Tenure | General Interest Rate | Senior Citizen Interest Rate |
|---|---|---|
| 1111 Days | 6.65% p.a. | 7.15% p.a. |
| 1777 Days | 6.70% p.a. | 7.20% p.a. |
| 2222 Days | 6.75% p.a. | 7.25% p.a. |
These rates are subject to change. Always check SBI’s official website for the latest updates.
Eligibility & Who Can Apply?
The SBI Green Rupee Term Deposit is available to:
- Resident Individuals (Single or Joint Accounts)
- Non-Resident Indians (NRIs) – Available under NRO and NRE deposits
- Businesses & Non-Individuals – Companies, Partnerships, Trusts, etc.
- Government Bodies & Institutions
How to Open an SBI Green Rupee Term Deposit?
Investing in this scheme is simple. Here’s how you can open an SGRTD account:
1. Visit the Nearest SBI Branch
Currently, this scheme is only available through SBI branches. You can locate the nearest branch using SBI’s branch locator.
2. Fill Out the Application Form
You’ll need to provide basic KYC documents, including:
- Aadhaar Card/PAN Card
- Address Proof
- Bank Account Details
- Initial Deposit Amount (Minimum ₹1,000)
3. Fund Your Deposit
Transfer the deposit amount through cash, cheque, or online transfer to start earning interest immediately.
4. Receive Your Deposit Certificate
Once processed, you’ll receive a fixed deposit receipt as proof of your investment.
Future Availability: SBI plans to offer this scheme on Internet Banking and YONO App soon.
Benefits of SBI Green Rupee Term Deposit
Higher Interest Than Regular FDs
The interest rates are higher than standard SBI term deposits, making it a great option for conservative investors.
Contributes to Green Projects
Your money will be used to fund eco-friendly and sustainable initiatives, helping India transition towards clean energy and environmental conservation.
Good for Businesses & NRIs
This scheme allows businesses and NRIs to invest while promoting a sustainable future.
Premature Withdrawal & Loan Options
Need funds before maturity? You can withdraw early (with minor penalties) or take a loan against your deposit.
see also: Slice Bank Zero Balance Account Earn Up to 9% Interest Daily
SBI Green Rupee Term Deposit FAQs
1. Is the SBI Green Rupee Term Deposit better than a regular FD?
Yes! This scheme offers higher interest rates while supporting environmental projects.
2. Can I withdraw my money before 1111 days?
Yes, but premature withdrawal penalties may apply. Check with SBI for details.
3. Is this scheme available online?
Currently, only available at SBI branches, but soon to be launched on YONO & Net Banking.
4. Are my funds safe in this scheme?
Absolutely! SBI is India’s largest bank, ensuring full safety and security.
5. Is TDS applicable on this deposit?
Yes, TDS is applicable as per income tax rules. You can submit Form 15G/15H for TDS exemption (if eligible).
