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Laxmi Bank re-introduces Green Savings account

Laxmi Bank re-introduces Green Savings account


To commemorate the 50th World Environment Day, Laxmi Bank has relaunched its much-awaited eco-friendly deposit product tailored especially for the environmentally conscious – ‘Green Savings’. 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 account not only provides the highest interest rate of 8.03% p.a. but also offers account holders 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.

This initiative is in continuance of Laxmi Bank’s long-standing commitment of ‘Orange loves Green’, for which, the bank has joined PCAF (Partnership for Carbon Accounting Financials)so as to formally embark on its net-zero journey by (a) measuring carbon emissions and (b) setting goals and policies to off-set in alignment with the national commitment. To incentivize customers for embracing green banking and to encourage more digital adoption, the bank also introduced various offers on its mobile banking app – Mobile Money whereby users could get instant 10% discount upto NPR 50 along with double Fonepay reward points on QR transactions on June 5th, the World Environment Day.

Additionally, option has been made available to mobile money users to redeem accumulated reward points for waiver on annual renewal fees towards green banking package – that includes Mobile Money, iBank XP, Debit Card, and email solution on Fonepay Offer App for 500 points!


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