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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
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