Indian Railways is set to receive more ATM machines at their stations. As many as six nationalized banks have signed an agreement with the Indian Railways to setup more than 700 ATMs at railway stations across the country.

These banks include Canara Bank and Bank of Baroda. The plan is to establish as many as 711 ATMs and many of them would have e-ticketing facilities.

Canara Bank alone would be setting up around 225 ATMs. Other banks included in the plan are Dena Bank (117), Union Bank of India (66), PNB (51) and Indian Bank (51).

Railway Minister Lalu Prasad spoke on this new deal: “This is a historic MoU which would ease the hardship faced by passengers and help reduce long queues at ticket counters.”

Out of these 711 ATMs, around 250 are expected to be up and running by the end of the current financial year.