Mumbai: Mumbai’s bus service – Brihanmumbai Electric Supply and Transport (BEST) – suffered a strange banking issue that left thousands of its employees with a huge quantity of their salary in the form of coins for the last few months. The BEST, which operates a 4,000-bus strong transport system as well as supplies electricity to some 10 lakh consumers in the metropolis’ island district, has a massive quantity of coins lying in its coffers but no bank is willing to take it from the undertaking’s 100-150 collection points after a contract with a leading private sector bank ended last year.

The civic-run company has been getting from passengers by way of ticket fare, as well as cash for power bills.

According to some BEST employees, getting a small part of the remuneration in coins was always prevalent. “However, the ratio has grown now. I got Rs 11,000 in cash and coins in my last salary, while the coin-cash amount was Rs 15,000 the previous month. We generally get Rs 1,000 each, mostly in Rs 2, Rs 5 coins and Rs 10 denomination notes, and some part in Rs 10, Rs 50, Rs 100 and Rs 500 notes. The rest is deposited directly into our bank accounts,” an employee said.

A BEST conductor said they try to tide over this “weighty” problem by exchanging the coins with passengers and shopkeepers, who need it in large numbers to run their daily businesses.

Talking to PTI, Shashank Rai, BEST Workers’ Union leader, said the mechanism of giving coins as part of salary was unacceptable and the inconvenience caused to the staff had been conveyed to the administration of the undertaking on several occasions.

Senior BEST committee member Sunil Ganacharya rued the state of affairs and said this ‘coins as salary’ mechanism has even led to some employees defaulting on their EMIs, among other things.

“Several BEST employees stay in areas like Ambarnath, Badlapur, Panvel or Virar-Vasai and travel by suburban locals. It is very inconvenient and risky to carry so much cash, that too in coins,” he said.

He added that the BEST committee had given its nod in January for an agreement to be signed with a private bank for cash collection, but some issue was delaying the start of the pick-up mechanism.

Meanwhile, BEST spokesperson Manoj Varade said an agreement would be signed with a bank in two to three days, after which the bank will start picking up cash.