- Over 6,200 customers participated
- Coins and fresh currency worth over Rs. 1.9 crore were exchanged
- First bank in Tamil Nadu to organise ‘Coin on wheels’, a mobile coin exchange initiative
Chennai, Coimbatore, Erode: ICICI Bank recently organised 359 coin exchange melas across the branches in Tamil Nadu. These were held under the aegis of the Reserve Bank of India. The purpose of the melas was to provide coins and fresh currency notes to general public in exchange of soiled and mutilated ones. This initiative is in line with RBI's Clean Note Policy. The Bank organised coin exchange mela at its branches in Chennai, Trichy, Coimbatore, Madurai, Puducherry, Thanjavur, Nagapattinam, Tiruppur, Erode, Salem and Karur among others. This
initiative is part of a nationwide campaign, “Power of One”, under which multiple branches of the Bank across the country organised the coin exchange melas on the same day.
Shri L. V. S. Mohan, General Manager, Issue Department, Reserve Bank of India, Chennai, inaugurated the event at the Bank’s Anna Nagar branch in Chennai. He also flagged off the ‘Coin on wheels’, a dedicated vehicle which facilitates general public to exchange soiled notes with coins and fresh currency at various major locations across the city. It is the first-of-its-kind initiative by the Bank in the state, which is also aimed at creating awareness to the general public about various types of coins.
The coin exchange melas at Coimbatore and Erode were inaugurated by Shri. Vasee Haran, AGM, NABARD and Shri. Thiru. Seeni Ajmal Khan, Commissioner, Erode City Municipal Corporation respectively. These initiatives were graced by senior officials from RBI, state government departments, NABARD, police department as well as customers at various branches.
The melas witnessed participation of over 6,200 customers, wherein they exchanged over Rs. 1.9 crore worth of coins in the denomination of Rs.10, Rs. 5, Rs. 2 and Rs. 1 along with fresh currency of Rs.10, Rs. 20, Rs. 50, Rs.100 and Rs. 200. People from all walks of life, including traders, retailers, retired individuals participated in these melas to obtain smaller denomination of currency and coins which would help them undertake small ticket transactions in a convenient manner.
ICICI Bank organised 2,536 coin exchange melas across the country on the same day. The coin melas received a good response with close to 36,000 people participating in it and exchanging coins and fresh currency worth Rs. 40 crore. ICICI Bank periodically organises coin exchange melas to offer a free facility of exchanging acceptable soiled and mutilated currency notes with coins and fresh currency notes to the general public. These events are much-awaited and receive an overwhelming response from people from all walks of life. Anyone can avail this facility of exchanging coins and currency free of cost.
ICICI Bank services its large customer base through a multi-channel delivery network of 4,867 branches, 14,394 ATMs, phone banking, internet banking (www.icicibank.com), mobile banking, banking on Facebook & Twitter and ‘PocketsbyICICIBank’ the country’s first digital bank on mobile (as at June 30, 2018). It has 485 branches and 1,533 ATMs in Tamil Nadu, making it to the largest branch network & ATM network among private sector banks in the state.
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About ICICI Bank: ICICI Bank Ltd (NYSE:IBN) is a leading private sector bank in India. The Bank’s consolidated total assets stood at US$ 160.5 billion at June 30, 2018. ICICI Bank's subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms. It is present across 17 countries, including India.
