Axis Bank sets aside Rs. 100 crore Fund to help fight COVID-19

Mumbai, March 23, 2020: In view of the evolving situation around the spread of Covid-19 in communities, Axis Bank has set aside Rs. 100 crore to support customers, employees, vendors, government agencies and the community at large towards curbing the spread of coronavirus.

Axis Bank reaches out to over 2.6 crore customers in the country. With a view to support customers and the entire nation, Axis Bank has decided to waive off charges for Savings Account, Current Account and Prepaid Card customers (wherever applicable) towards Online IMPS and ATM financial and non-financial transactions, for the period 23rd Mar – 31st Mar’20 (both days inclusive).

Amitabh Chaudhry, MD & CEO, Axis Bank, said, “Axis Bank stands one with the nation, in its battle to ward off the biggest threat in recent times. At this point, it’s critical to join hands, support people and communities to stand together in our fight against the pandemic. I would like to reiterate our Honorable Prime Minister’s message of social distancing, displaying resolve and restraint. My appeal to all customers would be to use our comprehensive digital solutions, thereby cutting down on physical interactions. We are waiving off charges on various transactions, to ensure seamless and convenient banking for our customers. We will keep continuing with our efforts in supporting the nation and its people at this crucial juncture.”

Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses. With its 4,415 domestic branches (including extension counters) and 12,173ATMs across the country as on 31st December, 2019, the network of Axis Bank spreads across 2,521centres, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge and Axis Bank Foundation.