1.70 (0.16%) South Central Railway (SCR) has inked a Memorandum of Understanding (MoU) with State Bank of India (SBI) in connection with doorstep banking for direct pick up of earnings covering all 585 railway stations. This will enable hassle-free collection of traffic earnings by SBI and remittance into government account avoiding delay in transmission of traffic cash earnings.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.