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CIAL International Cargo Business Summit to be held on January 31 and February 1
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  • Customer Friendly Initiatives Extended to Public by Indian Railways

    By NE Reporter on March 2, 2018

    THIRUVANANTHAPURAM:
    Merchant Discount Rate (MDR) charges will not be levied on passengers for booking railway tickets (at the railway ticketing counters as well as through IRCTC ticketing website) on payment made through Debit Cards for a transaction value upto Rupees one lakh. Instructions to this effect have been issued to the Banks by Department of Financial Services, Ministry of Finance on 26th February, 2018. This will further help in promoting digital and cashless transactions.
    Ministry of Railways had informed Department of Expenditure that all proceeds from sale of tickets through IRCTC website/counters go to Consolidated Fund of India through Ministry of Railways and such transactions should be considered as Government receipts. The benefits on Government transactions must be passed on to the public, and they should not face MDR charges while making payments to Government.
    Also, Indian Railways has initiated the facility of printing ticket details in local language on unreserved tickets issued through Unreserved Ticketing System (UTS) with first such language being Kannada. The facility was under testing at Mysuru, Bengaluru and Hubballi stations of South Western Railway with tickets being issued at these stations form one counter as trial since 01.03.2018. It will be extended to all other stations of Karnataka from 02.03.2018.

    Iscea

    NE Reporter

    cashless transactionsDepartment of ExpenditureIndian RailwaysIRCTCMDRmerchant discount raterailway tickets

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    What’s New ?

    • Documentary Uppuveedukal Brings Kochi’s Silent Coastal Crisis to the Fore at Biennale
    • KSUM Invites Kerala Startups to Showcase Innovations at Convergence India Expo 2026 in New Delhi
    • Research by BRIC-RGCB Scientists Sheds New Light on Brain Development, Neural Stem Cell Maintenance
    • Kerala Nets Investment Commitments of Rs 1,17,000 cr at WEF, Davos
    • CIAL International Cargo Business Summit to be held on January 31 and February 1

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