It was at around 11 AM yesterday that one Jyoti found the reptile coiled in front of the entrance to an office complex inside the Yamuna Bank Depot.
She made a call to NGO Wildlife SOS, who then turned up to rescue the reptile.
"On reaching the spot we saw that the snake, terrified due to a crowd that had gathered around it, had slunk into the nearest hiding space that it could find. We rescued it and took it to our rescue centre for observation," said a member of the NGO.
"Common cobras are venomous snakes, but will not attack a human being without provocation. Sometimes, the size of a reptile, coupled with the general misunderstanding about snakes, causes people to unnecessarily panic on spotting one," explained Kartick Satyanarayan, co-founder of Wildlife SOS.
Metro railway officials said that the low-lying area, which is located close to Yamuna river, has much to do with such sightings.
A cobra was found on the premises of the same Metro station last month as well.