IndusInd Bank launched ‘green fixed deposits’

IndusInd Bank has announced the launch of ‘Green Fixed Deposits’ where the deposit proceeds will be used to finance projects and firms supporting the United Nations Sustainable Development Goals (SDGs). IndusInd Bank is amongst few banks globally, to bring forth this proposition, thereby integrating SDG into a regular fixed deposit product. . These deposits will be offered to both retail & corporate customers.

Features & Benefits of Green Fixed Deposit

• Higher rate of interest up to 6 percent per annum

• Additional returns for the senior citizens of 0.50 percent per annum

• Deposits backed by insurance for up to Rs 5 laks

• Low pre-mature withdrawal charges of only 1 percent

• Assurance certification from a reputed external consulting firm

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