Train Tickets Will Now Be Cheaper And Printed in Regional Languages

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    You will now not be charged Merchant Discount Rate (MDR) on ticket booking, making train tickets slightly cheaper.

    Train Tickets Will Now Be Cheaper And Printed in Regional Languages

    Also Read: What is Merchant Discount Rate or MDR?

    "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 up to Rs 1 lakh," said Indian Railway Catering and Tourism Corporation (IRCTC) in a statement.

    The Ministry of Finance has instructed banks to follow instructions in this regard. The initiative was taken to boost digital payments.

    "Ministry of Railways had informed Department of Expenditure that all proceeds from the 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 of Government transactions must be passed on to the public, and they should not face MDR charges while making payments to Government," the statement said further.

    Indian Railways has also initiated the facility of printing ticket details in local language on unreserved tickets issued through Unreserved Ticketing System (UTS). The initiative has been started with Kannada being the first language.
    The facility is under testing at Mysuru, Bengaluru and Hubballi stations of South Western Railway as tickets are being issued at these stations from one counter on a trial basis since March 1, 2018. It will be extended to all other stations of Karnataka from March 2, 2018.

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more