Northeast Frontier Railway has signed a Memorandum of Understanding with State Bank of India to introduce secure cash pick-up facilities at 400 stations across its network.
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DIMAPUR — Northeast Frontier Railway (NFR) has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) to provide cash pick-up facilities at 400 stations across the NFR network, aimed at improving safety, efficiency and transparency in cash handling.
The MoU was signed at the NFR Headquarters in Maligaon in the presence of Chetan Kumar Shrivastava, General Manager, Northeast Frontier Railway, along with senior officials of SBI and NFR.
According to NFR, the arrangement will provide a secure and organised mechanism for cash pick-up from designated stations and ensure timely deposit of station earnings into respective SBI branches.
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It said the system would bring uniformity in cash handling, enhance accountability and enable real-time tracking of cash movement through GPS-enabled vehicles, thereby reducing risks associated with theft, loss or misappropriation.
NFR said the facility is expected to result in significant savings in expenditure on vehicle hiring and security manpower, while also ensuring enhanced safety of station staff.
It added that by relieving staff from manual cash transportation, the initiative would allow greater focus on core operational and commercial functions.
The railway said the initiative reinforces its commitment towards modernisation, transparency and improved public service delivery.