Question
On which day was Bank of Baroda's green term deposit
scheme, bob Earth, announced?Solution
• Bank of Baroda (BoB) has announced the launch of the bob Earth Green Term Deposit Scheme, aimed at raising deposits for financing eligible environment-friendly projects and sectors. • The scheme offers customers the dual benefits of stable financial returns and contribution to a greener planet. • It offers annual interest rates, ranging from 6.75 per cent for a tenure of 12 to 18 months to 7.15 per cent for 777 days. • Additionally, for longer tenures of 1,111 days, 1,717 days, and 2,201 days, the interest rates are set at 6.40 per cent per annum. • Funds collected through this scheme will be directed towards financing green initiatives such as renewable energy and clean transportation. • The scheme was anounced on the bank's 116th Foundation Day on July 20, 2023, underlining its reaffirmed commitment to environmental responsibility. Learn Along About Bank of Baroda Established: 20th July 1908      Headquarteres: Vadodara        Managing Director & CEO: Debadatta Chand
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