Skip to main content

How to Verify Property Legality Before Buying – Avoid Scams and Legal Issues

Post a Comment

SBI Green Rupee Term Deposit (SGRTD): A Sustainable Investment Opportunity

The State Bank of India (SBI) has launched a new fixed deposit scheme, SBI Green Rupee Term Deposit (SGRTD), to promote environmental sustainability. This initiative aims to raise funds for green projects, fostering eco-friendly development while offering investors a secure and stable return on their investments.

Why Invest in SGRTD?

If you are looking for a safe investment option that also contributes to environmental conservation, SGRTD is an excellent choice. This scheme allows investors to participate in green initiatives while ensuring their funds remain secure.

Who Can Invest?

Both Indian residents and Non-Resident Indians (NRIs) can invest in this scheme. NRO account holders are also eligible, making this an ideal opportunity for investors who seek both stable returns and a positive environmental impact.

Investment Tenure

SBI offers three different tenure options for SGRTD:

  • 1,111 days
  • 1,777 days
  • 2,222 days

This long-term investment is specifically designed for individuals seeking stable interest rates and secure financial growth.

Interest Rates Offered

While SGRTD offers a lower interest rate than regular fixed deposits, it still provides competitive returns:

  • 6.65% per annum for 1,111 days and 1,777 days.
  • 6.40% per annum for 2,222 days.

These rates ensure a steady return while supporting sustainable investments.

Additional Benefits for Senior Citizens

Senior citizens enjoy higher interest rates under this scheme. Additionally, SBI’s existing and retired employees are eligible for extra interest benefits. However, NRI senior citizens and employees are not eligible for these additional benefits.

Loan and Overdraft Facility

Investors can avail loans and overdraft facilities against their deposits without breaking their FD, ensuring liquidity when needed. This feature is similar to traditional FD schemes.

TDS and Tax Considerations

  • Tax Deducted at Source (TDS) applies as per Income Tax regulations.
  • Investors can submit Form 15G or 15H to avoid excess tax deductions, provided they meet eligibility criteria.

How to Invest?

Currently, SGRTD is available through SBI branches. Soon, it will also be accessible via YONO App, Internet Banking, and Mobile Banking, making the investment process seamless and convenient.

Why Choose SBI Green Rupee Term Deposit?

  • Eco-Friendly Investment: Funds raised are utilized for sustainable and green projects.
  • Secure & Guaranteed Returns: A safe investment with stable interest rates.
  • Flexible Tenure Options: Choose from 1,111, 1,777, or 2,222 days.
  • Additional Benefits for Seniors & SBI Employees: Higher interest rates for eligible individuals.
  • Liquidity Through Loan & Overdraft Facilities: Access funds without breaking the deposit.

Conclusion

SBI Green Rupee Term Deposit is more than just a financial investment; it is a step towards a sustainable future. By investing in SGRTD, you not only secure your financial future but also contribute to environmental conservation. If you are looking for a low-risk, stable-return investment with an eco-friendly approach, SGRTD is the perfect choice!

Comments

Post a Comment

Popular

Happy Rajput: The inspiring young brand ambassador of Dream Mission

Happy Rajput , also known as Happy, is a young and inspiring individual from Ratia, Fatehabad, Haryana. He was born on December 13, 2003, and currently resides in his hometown, V.P.O Jallopur Ratia, Fatehabad. Despite his young age, Happy has already made a significant impact on society as the brand ambassador of  Dream Mission . Dream Mission is an organization dedicated to empowering the youth to achieve their dreams. As a brand ambassador, Happy plays a crucial role in promoting the mission's objectives and spreading awareness about its various initiatives and programs. His dedication and hard work have earned him widespread recognition and respect in the industry. In addition to his work as a brand ambassador, Happy is also pursuing a diploma in electrical engineering. He believes that education is crucial to achieving success in life and encourages young people to prioritize their studies. Despite his busy schedule, Happy manages to find time for his hobbies, including playing...
Post a Comment
Read more

Multi-talented VFX Artist K. Vamshi Changing Lives With Dream Mission

K.Vamshi , professionally known as Prince, is a multi-talented individual who excels in various fields, including art, creativity, drawing, editing, VFX creation, and business coaching. Born on July 30, 2005, in Hyderabad, he hails from the town of Bahadurpur in Telangana. As a Hindu by religion, Vamshi takes pride in his cultural heritage. Vamshi's passion for art and creativity developed at a young age. He demonstrated exceptional skills and a keen eye for detail, which led him to excel in drawing and editing. With a natural talent for visual effects (VFX) creation, he has become proficient in crafting stunning visuals that captivate audiences. His artistic endeavors have gained recognition and admiration from both peers and professionals in the industry. In addition to his artistic pursuits, Vamshi has ventured into the field of business coaching. Leveraging his extensive knowledge and experience, he guides aspiring entrepreneurs and helps them navigate the complexities of start...
Post a Comment
Read more

Digital Dynamo Aayush Sharma: Empowering Entrepreneurs for a Future of Success

In the dynamic world of business, young visionaries are reshaping success, and Aayush Sharma stands at the forefront of this transformation. A dynamic business speaker and visionary content creator, Aayush has conquered the realms of affiliate and digital product businesses, converting his passions into a thriving venture. At the tender age of 18, Aayush's entrepreneurial journey began, propelled by an innate spirit and determination. With over 1500 transformative sessions and personalized 1:1 mentorship, he has become a beacon of guidance for those seeking financial independence and entrepreneurial success. From India, Aayush Sharma embodies charisma, standing tall at 5'11" with striking black hair and captivating eyes. His captivating speaking engagements leave audiences inspired and motivated. Driven by an unwavering desire for knowledge, Aayush honed his skills at DAV School Networks and now pursues higher education at Manipal University. Inspired by luminaries like St...
Post a Comment
Read more