What are Green Deposits?

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.
 

With the momentum behind green banking products, many lenders like HSBC and HDFC have launched green deposits in India for corporates as well as individuals.

 

The investment in this fixed tenure deposit will go towards financing eligible businesses and projects that promote the transition to a low-carbon, climate-resilient, and sustainable economy.

 

The amount for Green Deposits will