IRCTC Makes ETickets Cheaper No MDR For Debit Cards Payments


This was a decision, which was much awaited – both from the banks and from the general public. IRCTC has decided to waive off MDR charges for all debit card transactions on their platform, for booking eTickets. However, there is a rider: Only transactions till Rs 1 lakh would be covered, which translates to more than 99% of all tickets booked.

Cheer, because rail travel has now become cheaper! In a related news, train tickets would be now printed in regional languages as well, which is a very important step, as train tickets were printed only in English and Hindi languages since the beginning.

IRCTC: No MDR On Debit Card Payments MDR or Merchant Discount Rate is a charge which is levied on the merchants, by the banks for using their debit cards for accepting payments from customers. Merchants, in turn, charge the same from the customers. Hence, if an SBI debit card was used for booking tickets at IRCTC portal, then an MDR was charged by the IRCTC from the customer, in order to pay SBI.

From now on, this MDR has been removed. Although Govt. had removed MDR for all debit card transactions till Rs 2000 (for two years), IRCTC continued to charge it at 0.75% till Rs 2000, and 1% beyond that.

Department of Financial Services, Ministry of Finance has issued instructions to all banks regarding this removal of MDR. Transactions on IRCTC portal till Rs 1,00,000 would be covered under this exemption. Note here, that service charge of Rs 20 to Rs 40 on eTickets booked on IRCTC portal is different from MDR charges. This service charge on eTickets has been waived till March 31, 2018.

Train Tickets Now In Regional Languages! Meanwhile, Indian Railways will now soon start issuing railway tickets in regional languages. South-Western Railways has started the initiative from Bengaluru, where unreserved counter tickets are now printed in Kannada, besides English and Hindi. Online tickets have not been covered under this initiative. Soon, other Southern states: Tamil Nadu, Kerala, Andhra Pradesh and Telangana are also expected to kickstart tickets in regional languages.

 

3610_5

Category Tag

Related Files

1983_4
Sudha Chandran Sudha Rani Sudipta Chakraborty
Sudha Chandran Sudha Rani Sudipta Chakraborty Suhasi Goradia Dhami Suhasini Sujatha Sukirti Kandpal Sukumari Sulakshana Pandit Sulochana Devi Sumalatha Suman Nagarkar Suman Ranganathan Sumithra Sunaina Sunayana Fo
7050_4
OnePlus 7T and OnePlus TV launch event - All the major announcements
OnePlus has unveiled the OnePlus 7T and OnePlus TV in India today, while missing out on the rumored OnePlus 7T Pro model.
The television is a flagship offering with a 55-inch QLED 4K screen, Android TV OS,
2470_4
Pooja Batra Action Bhoot Bhungla
Aar Ya Paar Ketan Mehta Jackie Shroff, Deepa Sahi Romance, Crime Aastha: In the Prison of Spring Basu Bhattacharyya Rekha, Om Puri Aflatoon Guddu Dhanoa Akshay Kumar, Urmila Matondkar Action Agni Morcha Raju Chuta
3021_4
Pragya Jaiswal Awards
016 Zee Telugu Apsara Award for "Find Of The Year" Kanche Won 18th Ugadi Puraskaralu Awards – Best Debut Actress Won CineMAA Awards 2016 – Best Female Debut Won Filmfare 2016 – Best Deb
2764_4
Priyanka Chopra Songs
Television[edit] Title Year Role Notes Ref. Fear Factor: Khatron Ke Khiladi 2010 Host [81] Quantico 2015–present Alex Parrish Lead role [82] It's My City 2016 Herself Producer; also guest role [83] Music
3455_4
Aimee Teegarden 4
937_4
Taapsee Pannu Wallpaper
After a year without releases, she starred opposite Akshay Kumar in Neeraj Pandey's film Baby (2015), as an undercover agent.[36] Later, she had two Tamil releases, the horror comedy Muni 3, opposite Raghava L
6878_4
WWE - Ranking the top feuds between partners of Tag-Team champions
When it comes to WWE, singles feuds are the most interesting category.
However, Tag-Team action is also equally great as well as impressive.
Moreover, the action involving Tag-Team partners gets ev
2537_4
Bajaj Dominar 200
The Bajaj Dominar 200 is expected to offer first-in-class feature. The bike has borrowed engine from KTM’s RC200/ 200 Duke and rest of the bike has not been changed. The price range in which it will be launc
6620_4
Five Healthy Habit - The Right Way to start your day
Today, lifestyle-induced diseases are highly prevalent, with so many people suffering from diabetes, heart disease, and hypertension.
And our ignorance towards our diet and lifestyle patterns is to be blam
2869_4
All-new Alto
The entry-level hatchback from Maruti has been around for a long time now. The stricter safety rules in India that will be in effect in next couple of years will see a vast change in the automotive industry. The p
2654_4
This is the most important security feature in your Aadhaar
NEW DELHI: Long before it brought in an extra firewall for privacy with the proposed virtual IDs, the Aadhaar-issuing authority UIDAI had set in place a 'biometric lock' as an additional layer of protectio
3522_4
Alicia Silverstone (1)
849_4
Sayali Bhagat
Early life Sayali hails from the city of Nashik and was born in Maharashtra, in a traditional Gujarati family.[citation needed] She studied at Fravashi Academy,[2] Nasik, and completed her gr
2739_4
Priyanka Chopra - IMDb
Chopra's main vocal influence was her father, who she said was "an incredible singer", and helped develop her interest in singing.[169][170] She used her vocal talent early in her pageantry career.[1
3010_4
Library of Congress Access
The library is open for academic research to anyone with a Reader Identification Card. One may not remove library items from the reading rooms or the library buildings. Most of the Library's general collection
2406_4
Katilon Ke Kaatil
1. Kranti Dilip Kumar, Manoj Kumar, Shashi Kapoor, Shatrughan Sinha, Hema Malini, Parveen Babi, Nirupa Roy, Sarika, Prem Chopra, Tom Alter 2. Naseeb Amitabh Bachchan, Rishi Kapoor, Shatrughan Sinha, Hema Malini, R
607_4
TV tonight - Shameless Returns (Curb Your Enthusiasm)
The Gallaghers are back for the eighth season of the family drama, and they suddenly have a lot of money to burn after Carl (Ethan Cutkosky) sells their inheritance from Monica (Chloe Webb). It's a new beginning for several family members, includ
2333_4
Shraddha Kapoor 2018 Movie
When it comes to beauty and wide recognition, Shraddha Kapoor is surely on the top of the list. The daughter of actor Shakti Kapoor helps understand that she inherent the drama and romanticism. She is amongst few
2581_4
Harishchandra Taramati
Gehra Daag O. P. Ralhan Mala Sinha, Rajendra Kumar, Usha Kiran, Madan Puri, Mumtaz, Tun Tun, Manmohan Krishna, Lalita Pawar, Sunder Romance Crime Drama Music: Ravi Lyrics: Shakeel Badayuni Ghar Basake Dekho Kishor
745_4
Actresses Celebrities Riya Sen
Riya has, in addition to Hindi films, appeared in Bengali, Tamil, Telugu, Malayalam and English films. Her film career began in the earnest with Tamil films such as Bharathi Raja's Taj Mahal, co-starring Manjo
Home » Updates » Daily Update
 
Fun2Ind.com