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      Question

      Which bank has launched its  first Green Fixed Deposit

      (FD) called ‘Planet First' to support renewable and green projects like solar power, electric vehicles & offers an interest rate of up to 8.50 per cent, with a minimum investment requirement of only Rs 5,000?
      A Jana Small Finance Bank Correct Answer Incorrect Answer
      B AU Small Finance Bank Correct Answer Incorrect Answer
      C Equitas Small Finance Bank Correct Answer Incorrect Answer
      D Ujjivan Small Finance Bank Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      AU Small Finance Bank (AU SFB) has launched its first Green Fixed Deposit (FD) called ‘Planet First – AU Green Fixed Deposit’ to support renewable and green projects like solar power, electric vehicles etc.  It pays interest to deposit holders and comes with a fixed tenure. However, proceedings from deposits get earmarked for allocation to green finance, supporting renewable and green projects. The Planet First - AU Green Fixed Deposit offers an interest rate of up to 8.50 per cent, with a minimum investment requirement of only Rs 5,000. 

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