Laxmi Bank reintroduces Green Savings account

KATHMANDU, JUNE 5 :To commemorate the 50th World Environment Day, Laxmi Bank has today relaunched its much-awaited ecofriendly deposit product tailored especially for the environmentally conscious – ‘Green Savings’.

 For every account opened under the 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 to ‘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 measuring carbon emissions and setting goals and policies to off-set in alignment with the national commitment, according to the release.

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 an instant 10% discount up to 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!