Federal Bank Green Deposits
The Green Deposits scheme by the Federal Bank is a fixed deposit that has a specific tenure. In the scheme, the amount deposited will be used for renewable energy projects, waste management projects, smart agriculture projects, etc.
Federal Bank Green Deposits Features and Benefits
The various features and benefits of Federal Bank Green Deposits are mentioned below:
- Availability of nomination facility
- Money deposited through this scheme will be used for environmentally friendly projects
- Investors in this scheme will be a part of the ESG (Environment, Social, and Governance) framework
Eligibility to Open a Federal Bank Green Deposits Account
The following people are eligible to open a Federal Bank Green Deposits account -
- Individuals
- Individuals with other individuals for a joint account
- Minors under guardians
- Firms
- Joint Stock Companies
- HUF
- Any other organization not prohibited by RBI
How to Open an Account in the Federal Bank Green Deposits Scheme
If you are interested in opening an account in the Federal Bank Green Deposits scheme, then you can do it in online mode or offline mode. For the online mode, you can install the FedNet app and open your fixed deposit account there. For offline mode, you can visit your nearest branch of Federal Bank where a representative of bank will guide you through the process.
Federal Bank Green Deposit Interest Rate
The interest rates for Federal Bank Green Deposit are mentioned below
Tenure | Interest Rate (For deposits under Rs.2 Crore) | Interest Rate (For deposits above Rs.2 Crore) |
72 Months and 30 Days | 6.60% | 6.50% |
FAQs on Federal Bank Green Deposits
- Can I open my Federal Bank Green Deposits offline?
Yes, you can open your Federal Bank Green Deposits offline.
- Does Federal Bank Green Deposits offer a nomination facility?
Yes, the Federal Bank Green Deposits offers a nomination facility to its customers.
- Where will my money be invested in the Federal Bank Green Deposit scheme?
Your money will be invested in renewable energy projects under the Federal Bank Green Deposit scheme.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.