Vasundhara Green Deposit

Overview

IDBI Bank being an organization committed towards green initiatives & promoting sustainable ecosystem for our future generation to come. In continuation to this noble concept we have introduced our latest financial product “ Vasundhara Green Deposit “ Specially designed receipts to be provided to Green Deposit investors as a mark of appreciation to the customers for their thoughtful involvement in greener society.

Let’s know more about Green Deposit

What is Green Deposit

Green Deposit is a type of term deposit developed under RBI green deposit framework and provide opportunity to the customers to channelize their savings towards ecofriendly environment activities by opting Vasundhara Green Deposit scheme of our bank which is offering competitive rate of interest .

How your investment under Green Deposit works

Whenever customers invest in Green Deposit, his investment are specifically earmarked for green financing activity only as per broad classification done by RBI as per RBI notification dated April 11 2023 for eligible green financing activities , which includes renewable energy projects, sustainable water management biodiversity ,waste management etc.

Reference - RBI circular dated 11.04.2023- Framework for acceptance of Green deposit

Salient Features

Eligibility	Individuals, HUFs, Corporate, Trust, NGO, NRE/NRO and all other eligible Customers.
Minimum Amount	RTD- Rs 10,000/- PTD- Rs 3 Crore & above BTD – above Rs 7.50 Crore
Maximum Amount	RTD- less than Rs 3.00 Crore PTD- up to Rs 7.50 Crore BTD –No Limit
Minimum Period	1111 Days Only
Maximum Period	1111 Days Only
Rate of Interest	As decided by ALCO from time to time
Additional Rate to Resident Senior Citizens and Staff/ Retired Staff Sr Citizen.	As per extant policy.