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Government Banking Implementation of Rail Shakti Product of State Bank of India.

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Government Banking Implementation of Rail Shakti Product of State Bank of India.

Sub: Government Banking- Implementation of “Rail Shakti Product” of State Bank of India.

Attention is invited to Board’s letter of even no. 2006/ACII/9/l/Pt.II dated 11.07.12 (RBA No. 24/2025) (copy enclosed) regarding introduction of “Rail Shakti Scheme’ of SBI over the Railway’s for stations not having cash deposit facility. The scheme envisages remittance of Railway earnings by stations in nearby SBI branches without opening a Railway deposit account.

In this regard, SBI has brought out that till date only 650 stations have been covered under the above scheme on the Railways despite repeated pursuance with the Railways. State Bank of India has now proposed to adopt hybrid model of Rail Shakti and Door Step Banking as per the requirement of Zonal Railways to extend this scheme further to cover stations and out agencies not having cash deposit facility (copy enclosed).

Kindly explore the feasibility of implementation of the scheme as per your requirements to cover stations not having local deposit accounts, under intimation to this office.

Click here to view the Original Circular

Here’s what I found about the Rail Shakti product of the State Bank of India (SBI) and its integration into Government Banking for Indian Railways:

Overview: Rail Shakti – A Financial Simplification Initiative

  • The scheme titled “Rail Shakti Product”, introduced by SBI, allows station-level railway earnings to be remitted directly through a nearby SBI branch, without the requirement for opening a separate railway deposit account.

Implementation Status and Expansion Plan

  • As of the announcement, only 650 railway stations had access to this Rail Shakti facility—despite proactive efforts by SBI in partnership with the Railways.
  • To extend the reach of this service, SBI proposed a hybrid model that combines the Rail Shakti initiative with Door-Step Banking. This hybrid approach aims to support stations and out-agencies that lack direct access to local deposit facilities, making the service more inclusive.

This move reflects SBI’s collaborative effort with the Railways to enhance ease of banking and cash remittance at remote or underserved stations.

Summary Table

Component Details
Product Rail Shakti (SBI) – remits railway earnings at nearby SBI branch without new account
Coverage (as of 2015) Approximately 650 stations
Planned Expansion Hybrid model combining Rail Shakti with Door-Step Banking to reach more stations

If you’d like, I can explore further—such as the current coverage, station-level details, or how this has evolved over time. Just let me know!

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