Six banks to set up ATMs at railway stations
Besides providing banking facilities, these machines will also give tickets for train travel, reports HS Bartwal.india Updated: Nov 22, 2006 21:22 IST
As part of the Indian Railways’ ongoing drive to enhance passenger amenities, automated teller machines (ATMs) of six more nationalised banks, besides the State Bank of India (SBI), will be set up at 711 railway stations across the country.
Besides providing banking facilities to the railway users, these machines will also give them tickets for train travel.The Railways had already entered into an agreement with the SBI in August for setting up 681 ATMs at different stations.
On Wednesday , the Railways Ministry signed a memorandum of understanding (MoU) for the purpose with representatives of Canara Bank, Bank of Baroda, Dena Bank,Union Bank of India, Indian Bank and Punjab National Bank as well.Railway Minister Lalu Yadav , Minister of State for Finance Pawan Kumar Bansal and senior ministry officials were present on the occasion.
According to an official , as many as 473 of these ATMs would have
e-ticketing facilities for advance reservations while the rest would provide season tickets as well as unreserved tickets.About 250 these machines are expected to be installed by the end of the current financial year.
With a target of providing this facility at all of its over 7,000 stations by the end of the next financial year, the Railways is likely to rope in private banks too into the scheme in a big way, the official said.