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NFR Partners with SBI for Secure Cash Pick-Up at 400 Railway Stations

Northeast Frontier Railway has signed an MoU with the State Bank of India to establish secure cash pick-up facilities at 400 stations across its network. The system introduces GPS-enabled vehicles for real-time tracking of cash movement, aiming to reduce risks of theft and loss. This initiative is expected to generate significant savings in security and vehicle-hiring costs while enhancing staff safety. By automating cash transportation, NFR aims to improve transparency and allow staff to focus on core operational functions.

Key Points: NFR & SBI MoU for Cash Pick-Up at 400 Stations

  • Enhanced financial safety
  • Real-time GPS cash tracking
  • Cost savings on security
  • Staff freed for core duties
  • Modernization of railway services
2 min read

NF Railway partners with SBI to enhance safety and transparency in cash handling

Northeast Frontier Railway signs MoU with SBI for secure cash handling and real-time tracking at 400 stations, enhancing safety and transparency.

"bring uniformity in cash handling, enhance accountability and enable real-time tracking - NFR Statement"

Guwahati, January 21

Northeast Frontier Railway has taken a major step towards strengthening financial efficiency, safety and transparency by signing a Memorandum of Understanding with the State Bank of India for providing cash pick-up facilities at 400 stations across the NFR network.

The MoU was signed at the NFR Headquarters in Maligaon, Guwahati, in the presence of Chetan Kumar Shrivastava, General Manager, Northeast Frontier Railway, along with senior officials of the State Bank of India and NFR.

The initiative marks an important milestone in improving cash management practices across the railway system.

Under this arrangement, SBI will provide a secure and organised mechanism for cash pick-up from designated stations and ensure the timely deposit of station earnings into respective SBI branches.

The system will 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.

The new facility is expected to result in significant savings in vehicle-hiring and security manpower costs, while also enhancing the safety of station staff.

By relieving staff from manual cash transportation, the initiative will allow greater focus on core operational and commercial functions, reinforcing NFR's commitment towards modernisation, transparency and improved public service delivery.

- ANI

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Reader Comments

P
Priyanka N
Finally, some good news about railway modernization. The cost savings on security and vehicles is a smart move. But my question is, will this improve the actual passenger experience at these 400 stations? Cleanliness and punctuality should be the next focus.
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Arjun K
As someone from Assam, I appreciate this initiative for NFR. The region needs such infrastructure upgrades. Secure cash handling means station staff can focus on helping passengers, not being makeshift security guards. Good job!
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Sarah B
Interesting public-private partnership. The real-time tracking via GPS is a key feature for accountability. Hope the implementation is smooth across all stations. Transparency in government dealings is always a positive sign for development.
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Vikram M
Bahut accha decision hai! This will reduce corruption and leakages for sure. Cash handling has been a grey area for too long. Now, please do something about the ticket refund process online, that's another headache for common people like us. 😅
K
Karthik V
While the intent is good, I have a respectful criticism. MoUs are signed often, but ground-level execution is what matters. Will SBI have the last-mile reach in all remote areas of the NFR network? The success depends on that logistical detail.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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