New Delhi, Feb. 10 -- The Reserve Bank of India (RBI) on April 11 released a set of guidelines regarding Framework for acceptance of Green Deposits.

Following those guidelines,State Bank of India (SBI) released a new deposit scheme --SBI Green Rupee Term Deposit-- in a bid to mobilise deposits to support the bank in financing green initiatives.

These deposits are offered for three durations which are 1111 days, 1777 days and 2222 days.

The eligible customers include resident individuals, non-individual andNRIs.

Amount of deposit: The minimum deposit is Rs.1,000 while there is no maximum limit.

Tenor: As mentioned above, there are three tenors i.e., 1111 days, 1777 days and 2222 days.

The rate of interest offered on green deposits de...