In an Indian government news update, With a view to promoting cashless transaction, it has been decided to install 10,000 Point of Sale (POS) machines in association with State Bank of India at various locations of Indian Railways including ticket counters of Indian Railways.
At present, more than 4000 POS machines have been installed across Zonal Railways.
The payments to all vendors and contractors are already cashless. The payments are made through National Electronic Funds Transfer (NEFT)/Real Time Gross Settlement (RTGS) mode only.
