Last Updated: 28 December 2021

IndusInd Bank launches ‘Green’ Fixed Deposits

    • Deposit proceeds to be utilized towards financing of projects/firms focused on UN Sustainable Development Goals
    • Available for both retail and corporate customers
    • Interest rates amongst the best in the industry

 

Mumbai, 28 December, 2021: 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, shall be offered to both retail and corporate customers. The Bank, will use the proceeds from these deposits to finance a wide array of sectors falling under the SDG category including, energy efficiency, renewable energy, green transport, sustainable food, agriculture, forestry, waste management, and greenhouse gas reduction.

Speaking about the launch, Ms. Roopa Satish, Head – CSR and Sustainable Banking, IndusInd Bank said, “At IndusInd Bank, sustainable banking has always been a critical area of focus. We are the only bank in India to secure ‘band A’ in the Carbon Disclosure Project and we have maintained our leadership capability over the last 5 years. We are now delighted to bring forth Green deposits that provide our customers with an opportunity to contribute towards building a cleaner and better society. We encourage both corporate and retail depositors to avail this opportunity. The interest on Green deposit remains attractive with an additional benefit of 50 basis point for senior citizens. In all ways, it is similar to a regular bank deposit but in addition, depositors will be issued a ‘Green’ certificate as well as an ‘Assurance’ certificate confirming the end use of deposit proceeds at the end of the financial year.”

The launch of ‘Green’ deposits’ is part of IndusInd Bank’s larger commitment of creating value for all its stakeholders, and remaining focused at driving sustainable economic growth of the country.

To know more about Green Fixed Deposits, please click on the following linkhttps://www.indusind.com/in/en/personal/deposits/green-fixed-deposits.html

About IndusInd Bank

IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As on September 30, 2021, IndusInd Bank has 2,015 Branches/Banking Outlets and 2,886 ATMs spread across 760 geographical locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology. It enjoys clearing bank status for both major stock exchanges – BSE and NSE – and major commodity exchanges in the country, including MCX, NCDEX and NMCE. IndusInd Bank was included in the NIFTY 50 benchmark index on April 1, 2013.

Domestic Rating(s):

  • CRISIL AA + for Infra Bonds program/Tier II Bonds
  • CRISIL AA for Additional Tier I Bonds program
  • CRISIL A1+ for certificate of deposit program/short term FD programme
  • IND AA+ for Senior bonds program/Tier II Bonds by India Ratings and Research
  • IND AA for Additional Tier I Bonds program by India Ratings and Research
  • IND A1+ for Short Term Debt Instruments by India Ratings and Research

Visit us at www.indusind.com

Twitter- @MyIndusIndBank

Facebook – https://www.facebook.com/OfficialIndusIndBankPage/

For more details on this release, please contact:

Anu Raj

IndusInd Bank Ltd.

Unnati Joshi

Adfactors PR Pvt. Ltd.

Source Link: https://www.indusind.com/in/en/about-us/mediabrand/FY/2021-2022/December/indusInd-bank-launches-green-fixed-deposits.html