IndusInd Bank launched ‘Green Fixed Deposits’

Published on December 29, 2021
Current Context: The IndusInd Bank has launched ‘green fixed deposits’.
IndusInd Bank launched ‘Green Fixed Deposits’
  • 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
IBPS RRB Scale II GBO Course 2025

About Me

Ramandeep Singh

Ramandeep Singh

Educator & Banking Expert

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

14+
Years Experience
5000+
Selections
Ex-BoB
Banker
Close Menu
Close Menu