SBI FD: State Bank of India has launched a special Fixed Deposit called SBI Green Rupee Term Deposit (SGRTD). In this scheme your FD money will be used only for environment-friendly projects, like clean energy, green buildings or other sustainable initiatives. So you get safe returns like a normal FD.
Who Can Open This Green FD?
This scheme is open to almost all types of customers. Any Indian resident, NRI, or NRO account holder can invest in this FD. It works just like a normal term deposit, but your deposit is invested in a separate green ond that SBI uses only for eco‑friendly projects.
Tenure Options and How to Apply
Unlike regular FDs where you can choose many different tenures, the Green Rupee Term Deposit is offered only for three fixed periods: 1,111 days, 1,777 days, and 2,222 days.
you can open this FD by visiting an SBI branch, through YONO app, Internet Banking, and Mobile Banking, so customers can invest from home.
Interest Rates on SBI Green Rupee Term Deposit
The interest rates on this scheme are a little lower than normal SBI FDs of similar tenure, because it is a special thematic product. For now, the bank is offering about
- 6.65% per annum for 1,111 days.
- 6.65% per annum for 1,777 days.
- and 6.40% per annum for 2,222 days.
Extra Benefits for Senior Citizens and Staff
Senior citizens always get a higher interest rate than normal customers on SBI FDs, and this benefit continues in the Green Rupee Term Deposit as well.
In addition, existing SBI employees and retired staff are eligible for extra interest over and above the standard senior citizen rate. However, NRI senior citizens and NRI employees do not get these extra interest benefits; they get only the standard interest applicable to their category.
Loan, Overdraft and Tax (TDS) Rules
Just like a normal FD, you can take a loan or overdraft against the Green Rupee Term Deposit instead of breaking it if you need money urgently. SBI generally allows loans against FD up to a fixed percentage of the deposit, and the interest on such loans is slightly higher than the FD interest.
TDS (Tax Deducted at Source) is deducted on interest as per income tax rules if your total FD interest crosses the threshold in a financial year. To reduce or avoid TDS, eligible investors can submit Form 15G or Form 15H, depending on age and total income.
Why This FD Is Special
This FD is different because it connects safe, fixed returns with a social and environmental purpose. Your deposit remains in SBI, which is a trusted public sector bank, you earn assured interest for a fixed period, and your money is earmarked for green and sustainable projects.
If you want a low‑risk investment and also wish to support climate‑friendly development in a simple way, the SBI Green Rupee Term Deposit can be a good option to consider. Always check the latest interest rates and terms on SBI’s official website or with your branch before investing, because banks can revise FD rates from time to time
