- In this, the deposit proceeds will be used to finance projects to support United Nations Sustainable Development Goals (UN-SDG).
- The ‘green fixed deposits’ will be offered to retail and corporate sectors.
- The IndusInd bank has also secured ‘band A’ in the carbon disclosure project.
- The depositors who will avail of this type of deposit will be issued with a ‘Green’ certificate and an Assurance certificate.
- It offers a high rate of interest upto 6% per annum and is backed by insurance for upto Rs 5 lakhs.
- Static part:
- HQ of IndusInd Bank: Mumbai
- Tagline of IndusInd Bank: We make you feel richer
Question:
Q.1 Which bank launched ‘green fixed deposits’?
a. HDFC Bank
b. Kotak Mahindra Bank
c. IDFC First Bank
d. IndusInd Bank
a. HDFC Bank
b. Kotak Mahindra Bank
c. IDFC First Bank
d. IndusInd Bank
