Sustainable living – This is something we have been following for a long time. Now it’s time to invest sustainably. Let’s decode everything about green fixed deposits.
Sustainable living is one of the top trends people have been following. Eating vegan food, going #PlasticFree, boycotting products that endanger wildlife, using EV vehicles, and whatnot!
I know you must have also supported the sustainable living move in some or the other way. After all, it’s our responsibility to save the planet we live on.
Many companies have also contributed to this move by taking environmental, social, and corporate governance (ESG) initiatives to save the planet.
Now, it’s your turn! Besides eating vegan, how else could you contribute to saving the planet? Well, simply by opting for Green Fixed Deposits!
What’s Happening?
IndusInd Bank and Federal Bank have come up with this new fixed deposit variant where you can save the planet while earning money!
Well, that’s an exciting scheme. Let’s explore more about it.
The basic idea behind this scheme is that the amount accumulated from ‘Green FDs’ will be disbursed as a loan to support ESG projects. So, you are helping others save the environment while earning interest on your FD.
In Which Projects Will This Money Be Used?
The amount accumulated will be used to finance assets under the United Nations Sustainable Development Goals (SDGs).
These projects include energy efficiency, renewable energy, electric vehicles, clean transportation, waste management, etc.
What’s In It For Investors?
Robert Swan once said, ‘The greatest threat to our planet is the belief that someone else will save it’. So, green FDs could be your way to go if you are an investor who believes in and supports sustainable living.
Green FD will indeed offer safety. But the only drawback is that it offers returns like your regular FD. So, green FD is an ideal investment for risk-averse investors.
On the other hand, while diversifying your investment corpus, you can dedicate a small portion of your portfolio towards green FDs if you have a medium to high-risk appetite.
What Lies Ahead?
Green FD has a deep initiative. If every investor decides to invest a small sum towards sustainability, imagine how much money would flow in. So, it is a win-win situation for everyone.
From a long-term perspective, we are contributing today to a cleaner and greener tomorrow.
That’s it for today. I hope you found today’s article interesting.
Don’t forget to share it with your friends!
