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Top Features of Planet First - AU Green Fixed Deposit

    About Planet First - AU Green Fixed Deposit

    At AU Small Finance Bank, we are committed to fostering sustainable development with our ground breaking Planet First - AU Green Fixed Deposit. This innovative financial product not only secures your finances but also ensures that your deposits are deployed towards making a positive impact on environment. By choosing Planet First - AU Green Fixed Deposit, you join a community of responsible investors, channeling your investments towards sustainable world.

Key Benefits:

  1. Investing in a Greener Future: Planet First - AU Green Fixed Deposit invests all funds in projects dedicated to green initiatives like Waste Management, Solar Projects, Recycling Plastic, Rainwater Harvesting, and Electric Vehicles. This means your savings directly contribute to building a cleaner, greener tomorrow.
  2. Sustainable Growth: Unlike traditional fixed deposits, Planet First - AU Green Fixed Deposit aims to create a meaningful change by aligning your investments with sustainable development goals. Your money works not just for you, but also for the planet.
  3. Lucrative Returns: Enjoy up to 8.50% * interest p.a. on Fixed Deposit while making a difference. Our Planet First - AU Green Fixed Deposit offers a win-win solution that lets you grow your savings responsibly. Click here for Green Fixed Deposit Interest Rates.
  4. Overdraft facility available: Avail Overdraft facilities against your Green Fixed Deposit as and when required.
  5. Flexibility in Tenure: Choose a tenure that suits your financial goals, ranging from 1 to 10 years options. Your commitment to sustainability remains constant throughout your chosen investment period.
  6. Contributing to a Greener Legacy: By opting for Planet First - AU Green Fixed Deposit, you become an eco-conscious leader, inspiring others to invest in a sustainable future. Together, we create a legacy of responsible finance for generations to come.
  7. Different payout options: Choose between monthly, quarterly, and cumulative (at maturity) payout options to manage your cash flow.

Sustainable Tomorrow -

The world is waking up to the urgent need for sustainable practices. By investing in green projects, we can drive significant positive change. While Planet First - AU Green Fixed Deposit is a step in the right direction, there is still much to achieve in the realm of sustainability. Here are some areas with scope for improvement:

  1. Expanding Renewable Energy: We can further invest in expanding renewable energy projects, such as wind and geothermal energy, to reduce reliance on fossil fuels.
  2. Promoting Biodiversity/Rejuvenating Natural Eco-system: Supporting initiatives that protect and restore ecosystems can contribute to biodiversity conservation and enhance environmental resilience.
  3. Organic Farming: Investing in eco-friendly agriculture practices helps ensure food security, protect soil health, and reduce the environmental impact of farming.
  4. Green Innovation: Funding research and development of green technologies can accelerate the transition towards a more sustainable society.
  5. Educating and Advocating towards Green lifestyle practices: Raising awareness about sustainable living and advocating for environmental policies are crucial in driving societal change.

Together, let's embark on this journey of sustainability with Planet First - AU Green Fixed Deposit, where your investments become a force for positive transformation.


How to apply for Planet First - AU Green Fixed Deposit?

  • Video Banking: You can now start a Green Fixed Deposit through our Video Banking services by clicking here. All you need is your PAN Card and Aadhaar Card.
  • AU 0101 App / NetBanking: As an existing customer, you can apply for a Green Fixed Deposit through AU 0101 App / NetBanking.
  • Visit your nearest branch: You can also visit your nearest branch to book a Green Fixed Deposit

Eligibility Criteria:

  • Resident & Non-resident Indians
  • Hindu Undivided Families
  • Sole proprietorship firms
  • Partnership firms
  • Limited companies
  • Trust accounts

Planet First - AU Green FD FAQs


Q1. What is a Green Fixed Deposit?

"Green deposit” means an interest-bearing deposit, received by the RE for a fixed period and the proceeds of which are earmarked for being allocated towards green finance.

Q2. How is a Green FD different from a regular FD?

The primary difference between a Green FD and a Regular FD is the utilization of funds. While a regular FD typically funds a range of activities, a green FD specifically finances environmentally friendly projects, such as renewable energy initiatives, electric vehicle and more. It is the best choice for socially conscious investors.

Q3. What are the benefits of investing in a green FD?

On investing in Green Fixed Deposit, you can contribute to a Greener & sustainable future. The invested funds will only be used for deployment in Green projects which will help us live in a better environment.
1 Eco-Friendly Investments
2 Conscious capital allocation
3 Positive impact
4 Diversification

Q4. Are green FDs safe?

Just like regular FDs, Green FDs offered by AU small finance bank is safe.

Q5. Can I withdraw my money before the FD matures?

Yes, you can withdraw your money before maturity. The interest charge on premature closure/withdrawal and/or partial closure/withdrawal of Fixed Deposit is 1%.

Q6. Where can the fund utilization be checked?

The annual fund utilization will be published & accessible in our Annual Report / Integrated Report.

Q7. Can I get an overdraft facility against my Green FD?

Yes, you can get an overdraft facility against Green FD.

Q8. Are Green FDs beneficial for the Environment?

Yes, Green FDs support lending towards green assets and projects, making them beneficial for the environment and contributing to sustainability.

Q9. Are the returns on Green FD taxable?

Yes, the returns earned from Green Deposit are subject to income tax as per the prevailing tax laws in India.

Q10. Is there any minimum investment requirement for Green Deposits?

The minimum investment requirement for Green Deposits is 5,000.

*For Resident Indian Senior Citizens on Planet First - AU Green Fixed Deposits tenure of 18 Months. Terms and Conditions apply. Rates are subject to change at the sole discretion of AU Small Finance Bank.

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