HDFC Green Sustainable Deposits for financing of sustainable housing credit solutions

Mortgage firm HDFC has launched green and sustainable deposits with an aim to safeguard the environment from climate change. These fixed deposits will be directed towards financing of green and sustainable housing credit solutions and services, HDFC stated.

BY Realty Plus
Published - Wednesday, 18 Aug, 2021

HDFC Green Sustainable Deposits for financing of sustainable housing credit solutions

Mortgage firm HDFC has launched green and sustainable deposits with an aim to safeguard the environment from climate change. These fixed deposits will be directed towards financing of green and sustainable housing credit solutions and services, HDFC stated. These deposits will carry interest rates up to 6.55 per cent while maturity period would vary from three to five years. Senior citizens (60 years+) will be eligible for an additional 0.25 per cent per annum on deposits up to Rs 2 crore. HDFC anticipates growing demand for green solutions and has launched green and sustainable deposits offering for our customers who can grow their wealth while they contribute to serve the needs of a changing world, he said, adding that HDFC is committed towards supporting India's efforts for a sustainable and green low-carbon economy.