bob earth Green Term Deposit

Bank has specially designed this product which shows our commitment towards the goal to save environment. Bank has decided to offer Green Deposits for the following Tenors to reflect its commitment to Greener Planet and adhering to ESG Initiatives:

• MINIMUM DEPOSIT AMOUNT - Callable Deposits: Rs 5,000/- (and further in multiples of Rs. 100/-); Non-Callable Deposits: Above Rs. 1.00 crore (and further in multiples of Rs. 100/-)
• MAXIMUM DEPOSIT AMOUNT - Rs. 10.00 Crores
• For Latest Interest Rate of Green Deposits, Please Click Here
• Sr. Citizen Preferential Rate is applicable only for “Resident Indian Sr. Citizen” and only on Retail Term Deposits (i.e. Less than Rs. 3.00 Crs)
• Nomination facility will be available
• Auto-renewal facility will be available
• TDS will be deducted on interest payments as per rules
• Loans / Overdraft against these Deposits are not allowed as per Bank's extant Guidelines

• An individual in his own name.
• Jointly by more than one individual.
• Minor of age above 14 years on terms as laid down by the Bank.
• In the names of Clubs, associations, Educational Institutions, Partnerships and joint stock companies and any other institutions, which are eligible to open a Term Deposit, account as per Bank rules.
• The product is available for minor account having age of 14 years and below with a maximum amount that can be accepted in minor account of this age group is  Rs. 1,00,000/-.

As per existing terms for FDR All documents applicable to 'Fixed Deposits' will apply.

For Latest Interest Rate of Green Deposits, Please cick here.

• Rate of Interest to Senior Citizen: An additional interest to Resident Senior Citizens as per Bank's guidelines is payable for deposits below Rs. 3.00 Crores only. Senior Citizen rate is not applicable to NRE/NRO/Capital Gain/FCNR. For latest rates, please visit
• Tax Deduction at Source:TDS will be deducted as per income tax rules. No TDS will be deducted if a person submits form 15G/15H as applicable.
• TDS Certificate:TDS certificate will be provided to all customers.
• Advance against Callable Deposits: This facility is not available to a minor account in single name and HUF. If the interest is not deposited for more than 2 quarters, term deposit will be apportioned immediately.
• Advance against (Except Non-Callable Deposits): Loan / Overdraft / Advance facility is not available against the security of Non-Callable Deposits as per Bank’s guidelines.
• Interest certificate available at request of customer
• Deposit certificate-Term Deposit Receipt is provided
• Term deposits can be transferred from one branch to another branch at the request of the customer.
• Mode of Payment: Maturity proceeds are credited to the SB/ CA account of the customer. In cases where there are no operative accounts of the customer, maturity proceeds can be given in cash below Rs. 20,000 above which DD/pay order will be issued.