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Which bank has recently signed an MoU with South-Central Railway zone of the Indian Railways, for doorstep collection of earnings from the railway stations?
Bank of India
Bank of Baroda
Punjab National Bank
State Bank of India

Correct Answer :   State Bank of India

The State Bank of India and the South-Central Railway recently signed an agreement for doorstep collection of earnings from all the 585 railway stations of the zone.
At present, the earnings of the smaller stations are sent through cash chest available with the Train Guards, the process being very tedious. The agreement will ensure collection of traffic earnings by the bank and it will be remitted to the Government account without any delay.

Published On : July 16, 2021