Bank of Baroda unveils bob Earth Green Term Deposit Scheme

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.

• 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