Outlook Money
A green fixed deposit, also referred to as an environmentally friendly fixed deposit, is a financial tool that promotes sustainable development.
These deposits have a good environmental impact. By supporting projects that deliver substantial environmental benefits, investors through this scheme directly support global sustainability efforts.
Investors get satisfaction from the fact that their investments are aligned with higher values of environmental protection and moral responsibility.
For matured investors, green deposits fulfil a wide range of objectives such as environmental, social, and corporate governance (ESG).
Green savings accounts come with competitive interest rates. Hence it’s a myth that they have low returns. Moreover, it promotes corporate responsibility. Green storage leads to sustainable practices.
Green fixed deposits are associated with some risks related to financing projects, such as technical issues or regulatory changes.
Compiled by Syed Muskan