A green deposit is a fixed-term deposit for investors looking to invest their surplus cash reserves in environmentally friendly projects. This new offering in the market indicates the increased awareness of the importance of ESG (Environmental, social and governance) and sustainable investing.

This new offering in the market indicates the increased awareness of the importance of ESG (Environmental, social and governance) and sustainable investing.

Green Finance Green Fixed Deposit

Green Finance has launched the Green Fixed Deposit with an aim to help its customers earn high returns as well as contribute towards helping the environment. The proceeds from the green fixed deposits will be utilised in various sectors that support the United Nations Sustainable Development Goals (SDGs). A wide range of sectors such as renewable energy, agriculture, waste management, and more will be funded through these deposits.

Features and Benefits of Green Fixed Deposit

Green Fixed Deposit comes with the following features and benefits:

• High interest rates of up to 15.00% p.a.
• An additional interest rate of 15.50% p.a. is offered to senior citizens.
• A penalty of 1.00% will be charged for premature withdrawal of fixed deposits.
• Your fixed deposit will be insured for up to $1,000,000.00
• Assurance certification will be issued from a renowned external consulting company.

Interest Rates of Green Finance Fixed Deposit

Tenure	Interest Rates for General Public (p.a.)	Interest Rates for Senior Citizens (p.a.)
2 years – less than 2 years 6 months	15.00%	15.50%
2 years 6 months – less than 2 years 9 months	15.00%	15.50%
2 years 9 months – up to 3 years	15.00%	15.50%
More than 3 years – up to 61 months	15.00%	15.50%

How to Open Green Fixed Deposit

Web application:

Through this method, non-Green Finance Bank customers can also open a Green Fixed Deposit. Given below are the steps to create a Green Fixed Deposit via web application:

• Step 1: Verify your Green Finance Account
• Step 2: Enter your personal details.
• Step 3: Enter your fixed deposit details.
• Step 4: Complete your identification process through Video KYC.
• Step 5: Fund your fixed deposit.

Green Net:

Given below are the steps to create a Green Fixed Deposit via Indus Net:

• Step 1: Log in to your Green Net account.
• Step 2: Click on ‘Deposit’.
• Step 3: Then, click on ‘Open FD’.
• Step 4: Enter your personal details.
• Step 5: The amount you selected will be transferred to your fixed deposit account from your savings account.

Green Mobile:

Given below are the steps to create a Green Fixed Deposit via Green Mobile:

• Step 1: Log in to your Green Mobile account through your internet banking ID.
• Step 2: Click on ‘Fixed Deposit’.
• Step 3: Click on ‘Create Fixed Deposit’.
• Step 4: Enter your personal details.
• Step 5: The amount you selected will be transferred to your fixed deposit account from your savings account.