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HDFC unveils ‘Green & Sustainable’ fixed deposit

HDFC unveils 'Green & Sustainable' fixed deposit_4.1

HDFC Bank has announced the introduction of ‘Green & Sustainable Deposits’ to safeguard the environment from climate change. These fixed deposits will be directed towards financing green and sustainable housing credit solutions and services.

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Facilities provided in this FD:

  • With a deposit period of 36-120 months, both residents and NRIs can invest in this instrument that will offer interest rates up to 6.55% p.a.
  • Senior citizens will be eligible for an additional 0.25% p.a. on deposits up to ₹2 crores.
  • Additional ROI of 0.10% p.a. will be applicable on these deposits up to ₹50 lakh per calendar month per customer if placed/renewed through our online platform.

Important takeaways for all competitive exams:

  • Headquarters of HDFC Bank: Mumbai, Maharashtra;
  • MD and CEO of HDFC Bank: Sashidhar Jagdishan;
  • The tagline of HDFC Bank: We understand your world.

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