Axis Bank inaugurates the largest Currency Chest in North East

March 9, 2022

  • The bank now has a total of 2 currency chests, 147 branches & 273 ATMs in North East

Axis Bank, India’s third largest private sector bank announced the opening of the largest Currency Chest in the North Eastern region. The currency chest was inaugurated by Mr. Sanjeev Singha, Regional Director, RBI and Mr. Ankur Jain, IPS, Superintendent of Police, Jorhat district in the presence of Mr. Lal Singh, Regional Branch Banking Head – East, Mr. Ameet R Bharadwaj - Head, Clearing & Settlements (Retail Operations), Mr. Alok Srivastava, Regional BBO Head – East, Mr. Jabir Hussain Rahim, Circle Head, North East, and Mr. Chanchal Bhattacharya, Circle BBO Head, North East, Axis Bank.

Axis Bank inaugurates the largest Currency Chest in North East

The new Charengia Jorhat Currency Chest has a 2500 sq.ft vault and is located at Axis Bank Ltd, NH -37, AT Road, Charengia, Beside Ashok Leyland Service, Jorhat Anchalik Panchayat Bagh Chung, Jorhat, Assam.

Currently, Axis Bank has a total of 2 currency chests, 147 branches and 273 ATMs in North East Circle and 88 branches and 180 ATMs in Assam. 

Speaking on the occasion, Mr. Lal Singh, Regional Branch Banking Head – East, Axis Bank said, “At Axis Bank, it is our constant endeavour to serve our customers with superlative banking facilities. Currency chests are the extended arms of RBI that ensure regular supply and distribution of good quality currency. The North East is predominantly a cash prone region and by building this mega currency chest, Axis Bank aims to facilitate better cash management services to bank branches across the seven states in the North East region, especially in upper Assam.”

Mr. Sanjeev Singha, Regional Director, RBI said, “Currency management plays a pivotal role in any economy and RBI, being the Central Bank for the country, has been performing responsibly to ensure zero deviations. One of the key focus areas for RBI is to implement Clean Note policy to provide quality currency to all citizens. The currency chests critically deliver adequate standard quality banknotes and like any other regions, the same applies to the North East as well. Axis Bank has played vital role during the pandemic to support all seven states through its branch network.

I would like to appreciate Axis Bank and its officials, for constructing the largest currency chest in the North East region and expect them to set a qualitative benchmark for currency management in the region. "