HSBC India comes up with green deposit programme for corporate clients

Under the scheme, deposits will be used to finance environment friendly projects

HSBC India on Thursday launched a “green deposit programme”, exclusively for corporate clients, under which deposits will be used by the bank to finance green initiatives and environment friendly projects. The deposit scheme will come in the form of a term deposit, which typically attracts higher interests as compared to savings deposits.

In a statement, the bank said that deposits under this scheme will go towards financing eligible businesses and projects that promote the transition to a low-carbon, climate resilient and sustainable economy. 

This deposit scheme of the bank will offer its corporate clients stable and pre-agreed returns, and offer the same