India’s largest private lender HDFC has launched green and sustainable deposits, which is a deposit to safeguard the environment from climate change. Under the initiative, the fixed deposits or FDs will be directed towards financing green and sustainable housing credit solutions and services.

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Mortgage firm HDFC on Monday said it has launched green and sustainable deposits with an aim to safeguard the environment from climate change. These fixed deposits will be directed towards financing of green and sustainable housing credit solutions and services, HDFC said in a statement.