HT Bureau
GUWAHATI, Jan 21: Northeast Frontier Railway (NFR) has taken a significant step to enhance financial efficiency, safety and transparency by signing 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.
The MoU was signed at the NFR Headquarters in Maligaon in the presence of Chetan Kumar Shrivastava, General Manager of NFR, along with senior officials from SBI and NFR. The initiative aims to modernise cash management practices across the railway system.
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Under this arrangement, SBI will provide a secure and organised mechanism for collecting cash from designated stations and ensuring timely deposits into respective SBI branches. The system will standardise cash handling, improve accountability and enable real-time tracking of cash movement through GPS-enabled vehicles, thereby minimising risks of theft, loss, or misappropriation.
The facility is expected to bring significant savings in expenditure on vehicle hiring and security personnel while enhancing the safety of station staff. By relieving employees from manual cash transportation, the initiative allows them to focus on core operational and commercial tasks, reflecting NFR’s commitment to modernisation, transparency and improved public service delivery.
