HSBC India launched "Green Deposit Programme", for corporate clients to finance green initiative
HSBC India becomes the first Foreign Bank in India to launch a 'Green Deposit Programme' for corporate clients to finance green initiatives and eco-friendly projects like renewable energy, clean transportation, and pollution prevention among others, that promote the transition to a low-carbon, climate-resilient and sustainable economy. This will enable companies to support environmentally-beneficial projects.
It is available in Rupees (Rs) as ‘Term Deposit’, which generally attracts higher interests compared to savings deposits.
The amount for Green Deposits will be subject to limits basis availability of eligible projects & businesses.
The product is aligned with HSBC India’s global commitments towards sustainable financing.