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India

Mumbai Police shifts salary accounts of 40,000 cops from Axis Bank to HDFC Bank

Updated : October 23, 2020 01:47 PM IST

The Mumbai police claimed that these accounts were getting shifted due to better facilities.

The Mumbai police's contract with Axis Bank was terminated on July 31, 2020.

The Mumbai Police has started the process of shifting salary accounts of its 40,000 cops from Axis Bank to HDFC Bank, a Mumbai Mirror report said quoting a senior police officer.

The newspaper quoted Rajkumar Vhatkar, Joint Commissioner, Administration, Mumbai Police, as saying that HDFC Bank was selected as "it offered the best deal".

The issue of Maharashtra Police's salary-account bank took a political turn last year after activists alleged that Axis Bank got the account after the Devendra Fadnavis government took power. Fadnavis' wife Amrita is a senior executive in Axis Bank. Amrita has claimed that accounts were given to Axis Bank in 2005 because of its superior technology and services.

However, when the issue sprang up, the Uddhav Thackeray government announced it would shift the accounts from Axis Bank. The change of account for Mumbai cops is the beginning of the exercise, said the Mirror report.

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