Estimates for US suggest if every household were able to switch to paperless bank billing, this would save an estimated 16,500,000 trees per year or about a 46,000 acre forest, 396,000 tonnes of CO2 a year, 495,000 tonnes of air pollution per year and gain almost 2,145,000 tonnes of oxygen per year.
There are several guidelines from the Reserve Bank on e-banking and banks are also putting sincere efforts towards adopting paperless banking. 28. The second dimension of green banking relates to where the bank puts its money.