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Bank of Baroda unveils bob Earth Green Term Deposit Scheme

Published on March 14, 2024
Current Context: Bank of Baroda has indeed launched a special Fixed Deposit scheme called the bob Earth Green Term Deposit Scheme on 11th March 2024.
Bank of Baroda unveils bob Earth Green Term Deposit Scheme to Finance Earth Friendly Projects
  • Here are some key details about this scheme:
    • The scheme offers depositors attractive interest rates on various tenors.
    • It allows depositors to contribute to India’s green economy.
    • The funds raised through this scheme will be used to finance eligible environment-friendly projects and sectors.
    • This initiative fosters India’s transition to a green and sustainable economy.
    • The scheme is open to the General Public, Resident Indians, NRIs, and High Net worth Individual (HNI) investors.

Question:

Q.1 What is the purpose of the funds raised through the BOB Earth Green Term Deposit Scheme?
a. To finance eligible environment-friendly projects and sectors
b. To finance infrastructure projects
c. To finance the bank’s operations
d. To finance housing loans
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