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Proxy war in Maha politics as 40,000 Mumbai police salary accounts are moved from Axis bank to HDFC
The transfer of 40,000 Mumbai police salary accounts from Axis bank to HDFC has kicked up a political storm. Shiv Sena leader Priyanka Chaturvedi and Amruta Fadnavis, wife of former Maharashtra Chief Minister Devendra Fadnavis, are in a running Twitter spat over allegations that the Axis bank agreement was renewed when Fadnavis was CM because Amruta, his wife, was working in Axis bank. Amruta tweeted, "The accounts were bagged by Axis Bank much before I married Devendra... during the tenure of the Congress-NCP regime... they are trying to target Devendra and me."

MUMBAI, Oct 23: The Mumbai police has shifted 40,000 of the salary accounts of the city police personnel from Axis bank to HDFC bank. A Government circular said the proposal of HDFC bank was found most beneficial among the ones submitted by various banks. Contracts were called in view of the tenure of the Axis bank agreement having come to an end.

An MoU was signed with HDFC bank on Wednesday. As per the circular, the Mumbai police will get Rs 10 lakh life insurance cover in case of natural death or death due to covid, Rs 90 lakh cover in case of accidental death and Rs 50 lakh cover for permanent half disability. The Mumbai Police inked the agreement of three years with an option of extending it up to two more years.

There are over two lakh policemen in Mumbai and their basic salary bill comes to Rs 11,000 crore. The account transfer will be by instalment.

The memorandum of understanding (MoU) between the Mumbai police and Axis bank had ended on July 31, 2020.

The accounts were opened in Axis bank in 2003 and in 2015 the agreement was again renewed for 5 years when BJP leader Devendra Fadnavis was Maharashtra's Chief Minister and his wife Amruta Fadnavis was in a senior position at Axis bank.

Now the shifting of accounts followed allegations that the agreement was renewed during Fadnavis' Govt because Amruta was holding a position in the bank.

The battle is not new. Amruta Fadnavis and Shiv Sena leader Priyanka Chaturvedi have been in a war of words for a year now on the issue.

Currently Amruta is vice-president and corporate head (Western India) at Axis bank.

Amruta tweeted: “Let me reiterate-acquisition of police accounts by #Axis Bank Govt Dept (erstwhile UTI bank) was done merely on basis of Bank’s technology & services offered ! Mandate for these accounts was received way back in 2005 on 29th Oct! Dirty politics cannot bog down the honest & strong”.

Amruta called Priyanka Chaturvedi “opportunistic” when the latter described the Mumbai police’s decision to leave bank as a much-needed move “considering how arbitrarily the bank was chosen& state government employees’ salary accounts moved overnight”.

Amruta had said, "The accounts were bagged by Axis Bank much before I married Devendra... during the tenure of the Congress-NCP regime. Private banks are also Indian banks and provide superior technological services. The government should think rationally. By doing this (shifting the accounts), they are trying to target Devendra and me."

Last year, Priyanka Chaturvedi had alleged Devendra Fadnavis favoured moving the accounts to Axis bank during his stint as Maharashtra Chief Minister because his wife worked there.

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