Laxmi Bank reintroduces Green Savings account

NL Today

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Kathmandu: To celebrate the 50th World Environment Day, Laxmi Bank has relaunched its Green Savings account.

The bank in a statement said the deposit product is tailored especially for the environmentally conscious.

“As a truly new-age digital offering, the Green Savings account is completely paperless thanks to online account opening service via the bank’s Ctrl O platform, video-KYC, and digital banking solutions,” the bank said in the press release.

The bank said the account not only provides the highest interest rate of 8.03 percent but also offers account holders a green banking package—mobile money and iBankXP for free.

As a token of gratitude for you helping us “go green”, for every account opened under Green Savings deposit product, the bank will plant a tree under its promise of ‘One Account, One Tree’.

The deposits in the Green Savings portfolio will be used to finance sectors and activities falling under the Sustainable Development Goals category including, energy efficiency, renewable energy, green transport, sustainable food, agriculture, forestry, waste management, and greenhouse gas reduction, according to the bank.