HDFC unveils ‘Green & Sustainable’ FD
The Hindu
Leading mortgage lender HDFC has announced the introduction of ‘Green & Sustainable Deposits’ to safeguard the environment from climate change. These fixed deposits will be directed towards fi
Leading mortgage lender HDFC has announced the introduction of ‘Green & Sustainable Deposits’ to safeguard the environment from climate change. These fixed deposits will be directed towards financing green and sustainable housing credit solutions and services, HDFC said. With a deposit period of 36-120 months, both residents and NRIs can invest in this instrument that will offer interest rates up to 6.55% p.a. “Senior citizens will be eligible for an additional 0.25% p.a. on deposits up to ₹2 crore. Additional ROI of 0.10% p.a. will be applicable on these deposits up to ₹50 lakh per calendar month per customer if placed/renewed through our online platform,” the lender added.
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