SBI 2222 Days Green Deposit FD vs Canara Bank 2222 Days Green Deposit FD: Where Rs 6 lakh and Rs 12 lakh investments will grow faster for general and senior citizens; know here

SBI 2222 Days FD vs Canara Bank 2222 Days FD Calculator: Special fixed deposit (FD) schemes are guaranteed instrumentality schemes similar immoderate different FD, but they are for a circumstantial play and often supply higher involvement rates to wide and elder citizens than what modular FDs offer. Special FDs tin beryllium callable oregon non-callable. Investors tin put for a circumstantial play and get maturity connected the completion of the FD.

Here, we volition sermon the SBI 2222 Days Green Term Deposit FD and the Canara Bank 2222 Days Green Deposit FD.

Both are peculiar FDs focused connected investing successful environmentally affable initiatives and projects.

We volition besides archer what Rs 6 lakh and Rs 12 lakh investments volition bring to wide and elder citizens connected the maturity of schemes.

SBI Green Rupee Term Deposit (SGRTD)

On its authoritative website, SBI says that SBI Green Rupee Term Deposit has been introduced to mobilise deposits to enactment the slope successful financing greenish initiatives. The minimum deposit magnitude successful the strategy is Rs 1,000.

SBI Green Rupee Term Deposit: Total schemes

The peculiar FD features 3 schemes: 1111 Days, 1777 Days, and 2222 Days.

SBI Green Rupee Term Deposit: Interest complaint for wide citizens 

General citizens get 6.65 per cent involvement each successful its 1111-day and 1777-day FDs. The involvement complaint for them successful the 2222-day FD is 6.40 per cent.

SBI Green Rupee Term Deposit: Interest complaint for elder citizens 

Senior citizens, connected the different hand, get 7.15 per cent involvement complaint each successful its 1111-day and 1777-day FD. The involvement complaint successful its 2222-day FD is 7.40 per cent.

SBI Green Rupee Term Deposit: Other features 

Pre-mature withdrawal

Overdraft/demand loan/facility available

Transfer of relationship to different SBI branch

Nomination installation available

Canara Bank Green Deposit FD

On its authoritative website, Canara Bank says that successful its greenish deposit FDs, funds are earmarked for greenish financing, including renewable vigor projects, sustainable infrastructure development, eco-friendly businesses, and more. Thus, concern not lone earns returns but besides contributes to gathering a greener, much sustainable world.

Canara Bank Green Deposit FD: Total schemes

The slope provides 1111 days, 2222 days, and 3333 days FDs nether its Green Deposit scheme.

Canara Bank Green Deposit FD: Interest rates for wide citizens

The involvement complaint successful its 1111-day FD is 6.70 per cent, portion the slope is offering 6.65 per cent involvement successful its 2222-day and 3333-day FDs (source: Paisabazaar.com).

Canara Bank Green Deposit FD: Interest rates for elder citizens

The involvement complaint successful its 1111-day FD is 7.20 per cent, portion the slope is offering 7.15 per cent involvement successful its 2222-day and 3333-day FDs.

Canara Bank Green Deposit FD: Minimum and maximum investment 

For callable FDs, the minimum deposit is Rs 1,000, portion for non-callable FDs, the minimum deposit is Rs 3,00,00,000. There is nary maximum concern successful the scheme. 

Canara Bank Green Deposit FD: Other features

Loan facility 

Nomination facility

SBI Green Rupee Term Deposit 2222 Day FD: Maturity connected Rs 6 lakh concern for wide citizens

The estimated involvement connected this concern volition beryllium Rs 2,83,116.02, portion the estimated maturity volition beryllium Rs 8,83,116.02.

SBI Green Rupee Term Deposit 2222 Day FD: Maturity connected Rs 12 lakh concern for wide citizens

The estimated instrumentality connected this concern volition beryllium Rs 5,66,232.03, portion the estimated maturity volition beryllium Rs 17,66,232.03.

SBI Green Rupee Term Deposit 2222 Day FD: Maturity connected Rs 6 lakh concern for elder citizens

The estimated involvement connected a Rs 6 lakh concern volition beryllium Rs 3,37,578.99, portion elder citizens volition get estimated maturity magnitude of Rs 9,37,578.99.

SBI Green Rupee Term Deposit 2222 Day FD: Maturity connected Rs 12 lakh concern for elder citizens

Senior citizens get volition get estimated involvement of Rs 6,75,157.97, and the estimated maturity of Rs 18,75,157.97.

Canara Bank Green Deposit FD: Maturity connected Rs 6 lakh concern for wide citizens 

The estimated involvement connected a Rs 6 lakh concern volition beryllium Rs 2,96,440.10, portion the estimated maturity volition beryllium Rs 8,96,440.10.

Canara Bank Green Deposit FD: Maturity connected Rs 12 lakh concern for wide citizens

The estimated instrumentality connected this concern volition beryllium Rs 5,92,880.21, portion the estimated maturity volition beryllium Rs 17,92,880.21.

Canara Bank Green Deposit FD: Maturity connected Rs 6 lakh concern for elder citizens 

Senior citizens volition get estimated involvement of Rs 323668.91, and the estimated maturity magnitude of Rs 9,23,668.91.

Canara Bank Green Deposit FD: Maturity connected Rs 12 lakh concern for elder citizens

The estimated involvement connected a Rs 12 lakh concern volition beryllium Rs 6,47,337.81, and the estimated maturity of Rs 18,47,337.81.