Ahmedabad 28 June, 2024 – Axis Bank, one of India's largest private sector banks, inaugurated its first domestic retail branch at Gujarat International Finance Tech City (Gift City), expanding its presence in India's first operational Smart City and International Financial Services Centre.
Inauguration of this branch main the guest Such Gandhinagar Municipal of the corporation Mayor Ms Meera Patel And Gandhinagar at gift of the City Md And group CEO Mr heat Ray by done came was This on occasion Axis of the bank representatives as branch of banking President And Head Ms Arnica Dixit, Regional branch banking head – West 2 Mr Rakesh Bhojnagarwala, gift City branch Head Mr Sudhir Narayan and other officers of the bank were present. The branch will cater to the banking needs of retail and institutional customers and offer a range of products and services such as savings accounts, fixed deposits, loans, forex, trade finance and treasury solutions.
This new branch is located at Tower D, WTC Block No. 51, Road No. 51, Shop 10 & 11, Gift City, Gandhinagar, Gujarat, India – 382355.
With the opening of this branch, Axis Bank will provide deposit account holders with a comprehensive and highly digital experience. It will enable NRI customers to open US dollar fixed deposits through the Axis Bank mobile banking app.
The new local retail branch at Gift City will complement Axis Bank's existing banking unit, which focuses exclusively on international business within the International Financial Services Center (IFSC). The branch will cater to the rapidly growing residential and commercial sectors within Gift City, providing much-needed banking services to the growing community of startups, residential projects and other businesses.
It will extend various types of banking services like current accounts/savings accounts, corporate salary, retail liabilities, retail assets, home loans, forex transactions, unsecured loans, credit cards and special non-residential rupee accounts. In addition, the bank will offer unique facilities like BNA (Bunch Note Acceptors) ATM machines.
Regarding the opening of the branch Axis of the bank President And branch of banking Head Arnica Dikshita said, “We are very excited to launch our first domestic retail branch in Gift City, a fast-growing hub for both commercial and residential growth. The new branch is a testament to Axis Bank's vision to tap the potential of emerging markets and contribute to the economic development of Ahmedabad and Gandhinagar.
Our presence here will serve the diverse banking needs of our customers, while leveraging the strategic advantages and unique ecosystem of the Gift City, to promote economic growth and innovation in this Special Economic Zone. We look forward to building long-term relationships with our customers and partners at Gift City and contributing to its growth as a global financial hub.”
Gift City, recognized as India's first IFSC under SEZ, offers significant tax benefits and a rich ecosystem, making it an ideal location for bank expansion. With economic growth expected in Ahmedabad and Gandhinagar over the next five years, the new branch is well positioned to support and benefit from this development.
