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ICICI Bank Sets Up Camps At Defence Outposts For Cash Supply

The bank is also taking many innovative measures to provide more avenues to our customers for currency exchange

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ICICI Bank on Friday (25 November) said it has setup special cash exchange camps at defence outposts across the country to facilitate exchange of old Rs 500 and Rs 1000 currency notes.

The bank is also reaching out to residential societies and foreign nationals post ban on Rs 500 and Rs 1000 notes. The bank has been conducting special camps at various defence bases including cantonments, ordnance factories, battalions & regiments and at a few at border areas near Jaisalmer and Barmer, the bank said in a statement.

Air force stations and a unit of Defence Research and Development Organisation (DRDO) have also been included under this service to facilitate convenient exchange of old currency, it said.

"The Bank has serviced many thousands of defence personnel through these camps," it said. Also, the Reserve Bank today directed banks to make cash available sufficiently for the armed forces and pensioners as they would need cash after getting their salaries/pensions electronically.

The private sector lender has also set-up on site camps at large office establishments, equipped residential societies with mobile Point of Sale device and has set up additional counters at branches for foreign nationals.

ICICI Bank said it has also deployed mobile branches to service villages across the country. "Since the announcement of the new currency regime by the Prime Minister, we have proactively undertaken various customer friendly measures for convenient access to our branches and ATMs," said Chanda Kochhar, MD & CEO, ICICI Bank.

The bank is also taking many innovative measures to provide more avenues to our customers for currency exchange, she added.

While, servicing the armed forces, ICICI Bank said it has undertaken around 300 such camps across the country in the last few days. In the past few days, The camps included setting up of a specialised desk for exchanging cash and guiding the personnel on the various digital banking services of the bank, it added.


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