Panaji, Nov 1 (GCBusiness) ICICI Bank recently organised over 60 coin exchange ‘melas’ at its select branches across Goa.
According to a statement here on Thursday, the ‘melas’ were held under the aegis of the Reserve Bank of India (RBI). The purpose of the ‘melas’ were to distribute coins and fresh currency notes to the general public in exchange of soiled and mutilated notes. The initiative was in line with RBI’s Clean Note Policy.
Carey Mascarenhas, Assistant General Manager, Reserve Bank of India, inaugurated the coin ‘mela’ at the Panaji branch.
The Bank organised these ‘melas’ at its 60 locations across the state including Panaji, Margao, Mapusa, Calangute, Aquem, Fatorda, Navelim, Utroda, Covla and Betul. The initiative was part of a nationwide campaign, “Power of One”, which organizes multiple coin exchange melas at different cities on the same day. The bank also introduced, ‘Coin on wheels’, a dedicated vehicle which facilitates general public to exchange notes at various major locations across the city. It was the first-of-its-kind initiative in the state.
The ‘melas’ witnessed participation of nearly 550 customers at the cities wherein they exchanged over Rs 16 lakh worth of coins in the denomination of Rs ten, Rs five, Rs two and Rs one along with fresh currency of Rs ten, Rs 20 and Rs 50. People from all walks of life, including traders, retailers, retired individuals participated in the ‘melas’ to obtain smaller denomination of currency and coins which would help them undertake small ticket transactions in a convenient manner, the statement added.
(Source UNI News)