Axis Bank opens new branch in Kargil

Axis Bank opens new branch in Kargil
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KARGIL: Axis Bank, India’s third largest private bank, opened a new branch at Kargil on Tuesday.
Managing Director & CEO Axis Bank, Shikha Sharma along with Chief Executive Councillor, LAHDC (Ladakh Autonomous Hill Development Council), Kargil, Kacho Ahmad Ali Khan and President & Head – Branch Banking, Axis Bank Sanjay Silas were present to inaugurate the new branch.
According to an official release, the new branch will offer a comprehensive range of banking services like saving and current accounts, deposits, loans and locker facilities, to the district’s residents and contingent of defence personnel. The Kargil branch takes the presence of Axis Bank branches in the state to 26 along with 32 ATMs.
Speaking at the event, the bank CEO said, “We are pleased to open a branch in Kargil where we hope to serve the financial needs of both the local population as well as the uniformed personnel. Our vision is to provide customer focused digital services, especially in remote regions of the country to further foster the drive towards a digital economy and promote financial inclusion”.
For army personnel and pensioners, Axis Bank offers an exclusively designed salary account called the ‘Power Salute’. Apart from core banking services, it also features special services like Rs 30 lakh personal accidental cover, up to Rs 30 lakh partial and total permanent disabilities cover, Rs 2 lakh worth of education benefits for wards of defence personnel (in case of accidental death), zero processing fees on home, personal and auto loans, the release read.
Axis Bank has also introduced a toll-free helpline number ‘1800-4198-007’ to serve the armed forces.