SBI Green Rupee Term Deposit (SGRTD)

SBI FD Interest Rates

*SBI FD Interest Rates W.e.f.15th July, 2025

What is SBI Green Rupee Term Deposit (SGRTD)?

The SBI Green Rupee Term Deposit allows you to open a fixed deposit account specifically designed to raise funds for green projects. Your money will directly support financing eligible green activities, such as renewable energy projects, pollution control, and sustainable agriculture.

SBI Green Rupee Term Deposit (SGRTD) Interest Rates

As of May 18, 2025, here are the interest rates for the SBI Green Rupee Term Deposit:

SBI 2222 Day Fixed Deposit Interest Rate

Following are the interest rates for the SBI 2222 Green Rupee Term Deposit:

SBI 2222 Day Fixed Deposit Interest Rate (Retail)

Below is the table containing special rates of SBI 2222 Day Fixed Deposit for deposits from ₹1.01 crore to less than ₹3 crore:

SBI 2222 SBI Green Rupee Term Deposit Interest Rate (Bulk)

The table below shows the SBI 2222 days fixed deposit from ₹3Cr & above

Features of the SBI Green Rupee Term Deposit (SGRTD) Scheme

• Eligibility: Individuals, businesses, and non-resident Indians (NRIs) can all participate in this scheme.

• SGRTD Deposit Amount: ₹1,000 - No Limit

• Tenure Options: You can choose from three specific tenures:

  • 1,111 days

  • 1,777 days

  • 2,222 days

• Interest Rates: The bank sets the interest rates at 10 basis points below the standard card rate for both retail and bulk deposits.

• Premature Withdrawals: You have the option to withdraw your funds before maturity.

• Loan Facility: You can access an overdraft or demand loan against your Green Deposit, providing financial flexibility when you need it.

• Product Availability: Currently, you can open this deposit through SBI branch locations. The bank plans to make it available soon via Internet Banking (INB) and the YONO app for added convenience.

• Nomination Facility: You can nominate a beneficiary for your deposit, ensuring that your investment is secure and can be transferred in case of unforeseen circumstances.

• KYC Compliance: The account will adhere to the Know Your Customer (KYC) guidelines as per regulatory requirements to ensure safe banking practices.

• TDS Regulations: Tax Deducted at Source (TDS) applies according to Income Tax Rules. You can submit Form 15G or 15H to request non-deduction of TDS if you meet the eligibility criteria.

• Account Transfer: You can transfer your account to any SBI branch across India, providing flexibility and convenience.

• Conversion Restrictions: Please note that you cannot convert an existing Term Deposit Receipt (TDR) into a Green Rupee Term Deposit or vice versa.

Benefits of the SBI Green Rupee Term Deposit Scheme

Investing in SGRTD offers several advantages:

• Support for Green Initiatives: Your funds will directly contribute to environmentally friendly projects.

• Attractive Interest Rates: The competitive rates make this scheme a lucrative investment option.

• Accessibility: With a minimum investment amount of just ₹1,000, many people can easily participate.

• Insurance Coverage: The Deposit Insurance and Credit Guarantee Corporation (DICGC) insures your deposits up to ₹5 lakh.

How to Invest in SGRTD

You can easily invest in the SBI Green Rupee Term Deposit by following these steps:

1. Visit an SBI Branch: Open an account at any SBI branch near you.

2. Online Options: Soon, you will be able to access this scheme through digital platforms like YONO and Internet Banking.

3. Complete the Application: Fill out the required forms and submit your investment amount.

Conclusion

The SBI Green Rupee Term Deposit provides an excellent opportunity for you to invest responsibly while earning competitive returns on your savings. By choosing this scheme, you secure your financial future and actively contribute to promoting environmental sustainability. Consider investing in SGRTD today and help create a greener planet!