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    Question

    On which day was Bank of Baroda's green term deposit

    scheme, bob Earth, announced?
    A March 10, 2023 Correct Answer Incorrect Answer
    B July 20, 2023 Correct Answer Incorrect Answer
    C April 2, 1990 Correct Answer Incorrect Answer
    D March 12, 2024 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    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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