Mortgage firm HDFC has launched Green and Sustainable Deposits for its customers.
HDFC green and sustainable deposits: Mortgage firm HDFC has introduced a special deposit scheme. The company has launched Green and Sustainable Deposits to protect the environment from climate change. The company says that these fixed deposits will be used to provide loans for Green and Sustainable Housing Credit Solutions and Services.Also Read:How to be financially independent with a good credit score
How much interest will you get
According to the statement issued by HDFC, 6.55 percent annual interest will be available on this deposit. Its maturity will be of three to five years. Senior citizens above 60 years of age will get 0.25% more interest on deposits up to Rs 2 crore. This means that if senior citizens deposit in this scheme, they will get an annual interest of up to 6.75 percent.Also Read:Best prepaid Plan with up to 2GB daily data under Rs 200, check all offers
Changing such products is the need of the hour: Parekh
Speaking about the new product, HDFC Chairman Deepak Parekh said that today sustainability is not about doing less harm but doing more good. HDFC believes that the demand for green solutions is going to increase. Keeping this in view, we have introduced Green and Sustainable Deposits for our customers. It is also helpful in increasing wealth along with contribution in meeting the needs of a changing world. He said HDFC is committed to supporting India’s efforts towards a sustainable and green low-carbon economy.Also Read:How to file ITR on the new website of Income Tax, know every step here with pictures!
HDFC Bank is giving 5.30% interest
HDFC Bank is offering 5.30 percent annual interest on FDs of five years. The interest rates for senior citizens are 5.80 per cent. These interest rates are applicable from 21 May 2021 on deposits of less than Rs 2 crore. Tax deduction is available on bank FDs of 5 years. Investors can save tax up to 1.50 lakhs.Also Read:Sarkari Naukari: Vacancy for many posts in SBI, apply like this
