These deposits will carry interest rates up to 6.55 percent while the maturity period would vary from three to five years. Senior citizens (60 years+) will be eligible for an additional 0.25 percent per annum on deposits up to Rs 2 crore.
Mortgage firm HDFC on Monday said it has launched green and sustainable deposits with an aim to safeguard the environment from climate change.
These fixed deposits will be directed towards the financing green and sustainable housing credit solutions and services, HDFC said in a statement.
These deposits will carry interest rates up to 6.55 percent while the maturity period would vary from three to five years.
Senior citizens (60 years+) will be eligible for an additional 0.25 percent per annum on deposits up to Rs 2 crore.
Talking about the new product, HDFC Chairman Deepak Parekh said “Today, sustainability is no longer about doing less harm, but about doing more good.”
HDFC anticipates growing demand for green solutions and has launched green and sustainable deposits offering for our customers who can grow their wealth while they contribute to serve the needs of a changing world, he said, adding that HDFC is committed towards supporting India’s efforts for a sustainable and green low-carbon economy.
Source: PTI
(The story has been published from a wire feed without modifications to the text. Only the heading has been changed)
ALSO READ: HC Asks ED To Respond To Avantha Group Promoter’s Plea
