As railways go cashless, smaller stations still go the good old way

As railways go cashless, smaller stations still go the good old way

Mangalore Today News Network

Mangaluru, Jan 15, 2017: The revenue generated from the sale of tickets in small stations is being sent to the Railway divisional headquarters through trains. The cash and documents from these small stations are put in a special cover and deposited in the ’cash chest’ of the trains before sending them to the headquarters.

The Railways is carrying out this 100-year- old ’cash chest’ method when the ultra modern system of currencyless transaction is being implemented by the Centre. The notes are being sent in the cash chest boxes in the Mangaluru-Coimbatore passenger every day to the Palakkad division. This is an iron box which has a high defensive capacity. Apart from the cash, railway documents from each station are collected this way.

The guard of each train handles the iron box which has special compartments. This system was started by the Railways when banking facilities were  not available. The aim is to send cash and documents from minor stations to mother stations safely.

Later, all major stations linked themselves with banks. The major banks will deposit the revenue generated at the station in the banks. For this purpose, an employee and a security official is provided by the bank.

In stations in which the facility is not availabe, the money is send through cash chest method. Railway stations in which there are are no banks under its limits do not deposit their revenue in banks. Some stations, which have only one commercial clerk, also send the money through trains.

Courtesy: Mathrubhumi