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SBI Investment Scheme: If you also want to invest your savings in the right place and also want to contribute in protecting the environment, then India's government bank SBI has come up with a great scheme. You will also get huge profits on investment in this.

SBI Investment Scheme: The country's well-known government bank State Bank of India i.e. SBI keeps coming up with new schemes every day for the convenience of the public. Meanwhile, SBI has come up with a great scheme for people who are planning savings for the future . If you want that your savings as well as the environment remain safe in the future, then it would be right to invest in this scheme.

Let us tell you that by investing in this scheme you will be able to contribute in saving the environment. The name of this scheme is SBI Green Rupee Term Deposits Scheme which has been started with the aim of depositing money for the development of green activities and projects in India. In this special scheme, investors invest their money in projects related to saving the environment. These include many topics like energy efficiency, pollution control, water conservation and renewable energy.

How much interest will you get?

There are 3 types of time periods in this term deposit scheme such as 1111 days, 1777 days and 2222 days. Investment can be made for these time periods. Interest rates also vary according to time period. In this, interest is available at the rate of 6.65 percent on investment of 111 and 1777 days. Whereas if you invest for 2222 days, you will get interest at the rate of 6.40 percent. However, like other FDs, the elderly get extra interest. Senior citizens get 7.15 percent interest on fixed deposits of 1111 days and 1777 days and 7.40 percent interest on FDs of 2222 days.

Where to apply?

If you are planning to invest in this scheme, then you can invest in it by visiting any branch of SBI or through Yono app. Apart from this, there is a penalty in this scheme for withdrawing money before maturity, just like other FD schemes. As per requirement, a bank account can be transferred to any other branch of SBI.