IndusInd Bank on Tuesday (December 28, 2021) announced the launch of “Green Fixed Deposits” for retail and corporate customers.
IndusInd Bank on Tuesday (December 28, 2021) announced the launch of “Green Fixed Deposits” for retail and corporate customers. The deposit proceeds will be used to finance projects and firms supporting the United Nations Sustainable Development Goals (SDGs), the bank said in a statement.
“The Bank will use the proceeds from these deposits to finance a wide array of sectors falling under the SDG category including, energy efficiency, renewable energy, green transport, sustainable food, agriculture, forestry, waste management, and greenhouse gas reduction,” the statement said.
Green Fixed Deposit Interest Rate
The interest rate on Ïndusind’s Green deposit will remain the same as regular FD plans offered by the bank. But in addition, depositors will get a ‘Green’ certificate as well as an ‘Assurance’ certificate confirming…