HDFC Bank has made a significant milestone by becoming the first private bank to establish a branch in Lakshadweep, India. This new branch, located on Kavaratti Island, marks a notable expansion in the region where previously only government banks operated.
Key Details of HDFC Bank’s Lakshadweep Branch
Branch Location: Kavaratti Island, Lakshadweep
IFSC Code: HDFC0004979 (for RTGS and NEFT transactions)
Address: Ground Floor, No C 6 93, Near Kulikkarappally Eastern Road, Lakshadweep, 682555
Branch Code: 4979
Operating Hours:
Monday to Friday: 10 AM to 4 PM
Saturday: 10 AM to 4 PM (excluding 2nd and 4th Saturdays)
This strategic move aims to enhance banking services in the Union Territory, focusing on personal and digital banking solutions. HDFC Bank plans to provide innovative services, including QR-based transactions for local retailers, which will cater specifically to the needs of island residents.
Commitment to Community
S. Sampathkumar, Group Head of Retail Branch Banking at HDFC Bank, emphasized the bank’s commitment to meeting the financial needs of the Lakshadweep community. He expressed optimism about becoming a trusted financial partner for individuals and businesses in the area.
HDFC Bank’s Nationwide Presence
As of December 31, 2023, HDFC Bank operates a vast network of 8,091 branches and 20,688 ATMs across India. Notably, over half of these branches are situated in semi-urban and rural areas, demonstrating the bank’s focus on inclusive banking.
This expansion not only signifies HDFC Bank’s growth but also contributes to the overall development of Lakshadweep’s banking infrastructure.
For more information on HDFC Bank please visit their website