![]() The specific criteria may vary among banks but typically include factors such as age, residency, and the ability to provide the required documentation. ![]() Green FDs are generally available to all individuals who meet the eligibility criteria set by the bank or the financial institution. These investments can include financing solar power projects, wind farms, organic farming, energy-efficient infrastructure, and more,” he adds.Īlso Read: REPO RATE UNCHANGED: Lock in bank FDs at highest rates Who can invest? “Unlike regular fixed deposits, green FDs prioritize investments that have a positive impact on the environment. “A green fixed deposit, also known as an environmentally friendly fixed deposit, is a financial instrument that encourages sustainable development by channelling funds towards projects focused on renewable energy, clean technology, or other environmentally beneficial initiatives,” says Roy. However, there is a difference in how the funds collected under green deposits are utilised. Green fixed deposits work like regular term deposits where investors can earn a fixed interest for a fixed tenure. ![]() The article looks at how green fixed deposits work, the interest rates and the risks involved with such investment. Global City project to ramp up investments in Dwarka Expressway & other property hubs in Gurugram
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