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Press Release No. 178 28-11-2018
Press Release No. 178, SOUTH WESTERN RAILWAY TIES UP WITH INDIA POST ON BOOK NOW PAY LATER

                                                                                                      

                                                                    SOUTH WESTERN RAILWAY

                                      Press Release No. 178  Dt.   28.11.2018 

SOUTH WESTERN RAILWAY TIES  UP WITH INDIA POST

ON BOOK NOW PAY LATER

South Western Railway has worked out a tie-up with INDIA POST for Pick up, Booking, Dispatch, Delivery  of  Cash Remittance Notes, Voucher, Warrants Covers from Door Step of Railway  Stations through Speed Post o­n Book Now Pay later (BNPL).

Initially 159 and 146 Stations of Bengaluru and Mysuru Divisions  will be covered. The MOU is signed between South Western Railway and Postal department of Karnataka o­n 24.11.2018. In next phase remaining stations of Bengaluru, Mysuru and Hubballi Division will be added. For entire South Western Railway  the annual value of vouchers is around 100 Crores. This initiative is likely to be Reliable, Faster, and Economical with annual savings of Rs 30 Lakhs over current system.

Further it will facilitate concurrent Billing and Realization of outsider dues, timely accountal and also render more effective check by Commercial / Accounts office o­n Station  Cash. This first of kind initiative will complement the cash pick  up outsourcing through State Bank of India which is  already functional.

This initiative is appreciated by Railway Board. The Railway Board has advised all Zonal Railways to implement the same in their zone.

                                                    

                                                       Chief Public Relations Officer





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