Step-By-Step Process for Opening a Green Fixed Deposit Account with IndusInd Bank

Let’s face it; for risk-averse investors with a large stash of idle money, there’s no better investment instrument than a fixed deposit. It provides a safe haven for all your unused cash, allows you to earn regular returns upon it, and have no risks attached to them.

Plus, with banks like IndusInd Bank offering green fixed deposit accounts, you can enjoy all these benefits along with participating in sustainable banking practices.

If you’re unaware of what green FDs are, here’s everything you need to know about them, from what they are to how you can sign up for one.

What is a Green Fixed Deposit account?

Like any other FD account, a green fixed deposit allows you to invest your funds for a fixed period and earn consistent returns. However, what’s unique about them is that by investing in a green FD, the proceeds from these deposits will be utilised to finance projects under the United Nations Sustainable Development Goals (SDGs). Most of these projects belong to renewable energy, sustainable food, energy efficiency, forestry, agriculture, greenhouse gas reduction, green transport, and waste management sectors.

How to open a Green Fixed Deposit account?

Looking for a way to open a green, high-interest fixed deposit account? Well, you have three! You can do your part for the environment by opening a green FD via a web application, IndusInd Bank app, or their net banking services. Below is a step-by-step guide for you for each alternative.

A. Via web application

• Visit the IndusInd Bank website
• Enter your mobile number and login
• Upload and verify your PAN card and Aadhaar card details
• Fill in the online application with personal and fixed deposit details
• Complete your video KYC process
• Add money to your fixed deposit account

This process works for non-IndusInd Bank customers as well.

B. Via Indus mobile

• Go to the IndusInd Bank mobile app and login with your internet banking credentials
• Select the deposit option
• Click on the ‘Create Fixed Deposit’ option and fill out the application form
• Choose the amount you want to transfer
• On submission, you will receive a confirmation alert, and the amount will be transferred from your savings account.

C. Via Indus Net

• Login to your net banking account
• Choose the deposit option
• Click on ‘Open FD’ and fill in your details carefully
• Select the amount you wish to add to your Green Fixed Deposit from your savings account

Once you have successfully booked an FD account online, the bank will issue a Green Certificate confirming the utilisation of these proceeds at the end of the financial year.

Features Green Fixed Deposit Account

• You can open a green FD account with IndusInd Bank for a tenure of up to five years
• With a hassle-free application process, you can book an FD instantly at flexible interest payments
• The Green Fixed Deposits at IndusInd Bank are also backed by insurance for up to Rs. 5 lakhs
• Higher interest rates for senior citizens

The Bottom Line

Who knew opening a fixed deposit account could be so quick and straightforward? With IndusInd Bank’s Green Fixed Deposits, you get a safe, risk-free investment option at higher interest and contribute to various projects for a sustainable environment.