Engagement of Stations Ticket Booking Agents (STBAs) Scheme at ‘E’ Category Stations.
Instructions Issued vide Commercial Circular no. 53 of 2015.
The scheme of STBA was circulated vide Commercial Circular no. 53 of 2015. Para 2(d) of the circular states that a refundable security deposit of Rs. 5000/- and Bank guarantee of Rs. 20,000/- shall be deposited by the selected STBA. A reference was received from Zonal Railways that at most of the ‘E’ Category Stations the banks are located at remote locations and are not issuing Bank Guarantee. Railways have therefore requested to allow Zonal Railways to accept Fixed Deposit Receipt (FDR) of any Nationalized Bank instead of Bank Gurantee as permitted in JTBS scheme vide Commercial Circular no. 03 of 2009.
2. The matter has been examined in consultation with the Accounts and Finance Directorate of Ministry of Railways and it has been decided to allow Zonal Railways to accept FDR of any Nationalised Bank having validity till the tenure of agreement and lien endorsed thereon by issuing bank in favour of Railway also from the selected STBA.
3. Necessary instructions may be issued to all concerned and necessary changes may also be made in the format of agreement to be signed with STBAs accordingly.
4. This issues with the concurrence of Finance and Accounts Directorates of Ministry of Railways.
Indian Railways issued orders regarding the above subject on 07.01.2016