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Axis Bank mandated to collect funds for PM CARES Fund

Posted On: 2020-04-07 17:06:05


As the nation continues to stand united in its fight against the spread of Covid-19, Axis Bank has received the mandate to collect donations for the PM CARES Fund. All contributions from individuals and Corporates can be made to the account opened by Axis Bank, details of which are appended:

Name of the account: PM CARES
Account number: 920010023235458
IFSC Code: UTIB0000007
Branch: New Delhi Main Branch

Individuals may also pay using any of the digital banking channels by clicking here:

https://www.axisbank.com/coronavirus-pm-cares-fund-donation?cta=homepage-main-banner-First-pm-cares-fund

All contributions to the fund are exempt under Section 80 (G) and formal receipts can be downloaded from the PM CARES Portal after 15-20 days of the donation.

Speaking on the occasion, Amitabh Chaudhry, MD & CEO, Axis Bank, said, "Tackling the Covid-19 pandemic will require joint efforts from all quarters. Even as we maintain personal hygiene and practice social distancing, we can work together with the government to combat the spread of this disease and help those who have been impacted. Axis Bank is privileged to be given the opportunity to make a contribution towards the PM CARES Fund. I am confident that with the Prime Minister leading from the front and support from individuals and Corporates, we would be able to emerge stronger through this challenge."

Earlier, Axis Bank had also set aside Rs 100 crore to support customers, employees, vendors and government agencies in the fight against coronavirus.

Shares of AXIS BANK LTD. was last trading in BSE at Rs.388.8 as compared to the previous close of Rs. 325.6. The total number of shares traded during the day was 1674371 in over 31451 trades.

The stock hit an intraday high of Rs. 397.8 and intraday low of 343.05. The net turnover during the day was Rs. 617124730.


Source: Equity Bulls

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