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BREAKING NEWS
100Days: Thirike, Neestream and Gopi Make their Way into the India Book of Records
Muthoottu Mini’s AUM Hits ₹4141.60 Cr in FY25
Ambuja Cements and ACC Become India’s Leading Cement Companies with Net-Zero Targets
Have Difference of Opinion with the Congress Leadership, Reveals Shashi Tharoor
Curating Comfort: Amit Roy on the Growth and Soul of Watson’s and Beyond
Knowledge-process Firm Aaneeta KPO Opens Office in Technopark
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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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    Live Updates

    • Muthoottu Mini’s AUM Hits ₹4141.60 Cr in FY25
    • Ambuja Cements and ACC Become India’s Leading Cement Companies with Net-Zero Targets
    • Have Difference of Opinion with the Congress Leadership, Reveals Shashi Tharoor
    • Curating Comfort: Amit Roy on the Growth and Soul of Watson’s and Beyond
    • Knowledge-process Firm Aaneeta KPO Opens Office in Technopark

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    • Muthoottu Mini’s AUM Hits ₹4141.60 Cr in FY25
    • Ambuja Cements and ACC Become India’s Leading Cement Companies with Net-Zero Targets
    • Have Difference of Opinion with the Congress Leadership, Reveals Shashi Tharoor
    • Curating Comfort: Amit Roy on the Growth and Soul of Watson’s and Beyond
    • Knowledge-process Firm Aaneeta KPO Opens Office in Technopark

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