New Enroll in RBI Grade B New Batch - Starts on May 21

    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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