State Bank of India (SBI) launched SBI Green Rupee Term Deposit (SGRTD) in an effort to raise money for projects and activities that promote the environment and help India s green finance ecosystem flourish.
India Business News: The State Bank of India (SBI) has extended the deadline for applying for SBI WeCare, a fixed deposit scheme designed to provide higher interest rates to senior citizens for terms lasting between 5 to 10 years. According to ET, SBI WeCare was introduced to protect senior citizens' income by offering them extra interest.
Banks are promoting sustainable practices by offering Green Fixed Deposits to support social and environmental issues. Here is list of banks offering green fixed deposits.