Yes Bank launches deposit scheme

NEW DELHI: Private sector lender Yes Bank launched a deposit scheme lately, which might fetch as much as eight in step with cent for a tenure of little over 18 months.

The bank is eyeing Rs 1,000 crore from the scheme 'Green Future:Deposit' in next 3 months. The launch coincides the World Environment Day.

The bank stated in a statement that this accretion account will also be opened for 18 months and 8 days to 18 months and 18 days, with height rate of interest of 7.50 in step with cent in step with annum for a normal Green Future.

For senior electorate, the account will be offering an rate of interest of eight in step with cent in step with annum.

Rana Kapoor, Managing Director & CEO, stated the brand new Green Future: Deposit is first of many green retail products that will probably be launched by Yes Bank in this monetary year.

Besides, the bank stated it has initiated a pilot venture for recycled dry waste generated at amenities and has recycled close to 9.five tonne of dry waste, resulting in 27.35 MT of carbon footprint aid each and every quarter.