Planet First AU Green Fixed Deposit is designed to allocate the entire fund to support renewable and green projects including waste management, solar projects, plastic recycling, rain water harvesting and electric vehicles.
AU Small Finance Bank has introduced its first green fixed deposit (Green FD), which has been named Planet First- AU Green Fixed Deposit. Fixed Deposit is designed to invest your money to support green projects including renewable and solar energy and electric mobility solutions. That is, it has been designed keeping in mind those investors who want to invest their money to support eco-friendly projects.
The Green Deposit Policy and Framework has been approved by the Board and externally reviewed by a third party as per the mandatory requirements. By channelizing funds through the green route and lending against green assets, AU SFB’s efforts on sustainability aim to make a ‘change’ in the ‘Forever’ journey. Will continue to develop.
How can you invest?
A minimum of Rs 5000 can be invested in The Planet First – Au Green Fixed Deposit and it gives interest up to 8.50 per cent per annum. In this, both existing and new customers of AU SFB can easily invest in Green FD through video banking, through AU 0101 app, through net banking or by visiting their nearest AU Small Finance Bank branches.
Customers can choose the tenure of this scheme that suits their financial goals. This scheme has the shortest tenure of 2 years and apart from this there are also long term investment options. Planet First – AU Green Fixed Deposit offers different interest payment options including monthly, quarterly and cumulative (on maturity) to help customers manage their cash flow effectively. Additionally, customers will also be provided with regular updates on the utilization of their funds and the progress of the green projects they will undertake through the Planet First – AU Green Fixed Deposit.
