AU Small Finance Bank introduces its first Green Fixed Deposit; all you need to know
investment of just ₹5,000. This innovative opportunity enables both existing and new customers of AU Small Finance Bank to effortlessly secure their Green Fixed Deposit via Video Banking, the AU 0101 App, NetBanking, or by visiting their nearest AU Small Finance Bank branch.
The Green Fixed Deposit will be unveiled on the final Wednesday of October, a day synonymous with Sustainability Day. Customers have the flexibility to choose a tenure that aligns with their financial goals, ranging from as short as two years to longer-term options.
The Planet First - AU Green Fixed Deposit offers a range of interest payment options, including monthly, quarterly, and cumulative (at maturity), to help customers effectively manage their cash flow. Additionally, customers will receive regular updates on how their funds are being used and the progress of the green projects supported by the Planet First - AU Green Fixed Deposit, ensuring they are well informed throughout the process.
Speaking on this launch, Sanjay Agarwal, Founder and MD & CEO, AU Small Finance Bank said, “Climate change has been recognized as one of the most critical challenges faced by the global society and economy in the 21st century and the Indian Government has taken a leading role in climate control change by committing to net-zero target at COP 27 (Confederation of Parties) meeting. “RBI is among the few global regulators to introduce a green deposit framework.
Recognizing the environment as a key stakeholder, we at AU, have recently enhanced our sustainability initiatives under the guidance of the Sustainability Committee of the Board and the inclusion of senior board members and executives with expertise in sustainability. Now, we are taking an even greater
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