AU Small Finance Bank has unveiled its inaugural eco-friendly fixed deposit, named “Planet First – AU Green Fixed Deposit.
” This unique fixed deposit allows individuals to invest their money in support of environmentally sustainable projects, such as renewable energy, solar power, and electric mobility solutions.
The bank’s Green Deposit Policy and Framework, essential for green investments, have received approval from the Board and undergone third-party external reviews.
By directing funds toward green initiatives and offering loans against green assets, AU SFB is committed to promoting sustainability and catalyzing lasting positive change.
Investing in Planet First – AU Green Fixed Deposit is straightforward. A minimum investment of Rs 5,000 is required, and it yields an annual interest rate of up to 8.50 percent.
Both existing and new AU SFB customers can conveniently invest in this green fixed deposit through video banking, the AU 0101 app, net banking, or by visiting a nearby AU Small Finance Bank branch.
Customers can choose the deposit’s tenure to align with their financial objectives. Options range from a minimum tenure of 2 years to longer-term investments.
The Planet First – AU Green Fixed Deposit offers various interest payment choices, including monthly, quarterly, and cumulative (upon maturity), enabling customers to manage their cash flow effectively.
Moreover, customers will receive regular updates on how their funds are utilized and the progress of the eco-friendly projects supported through the Planet First – AU Green Fixed Deposit.
