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No credit or debit card of any bank restricted for payment: IRCTC

Debit and credit cards of any Indian bank powered by Master or Visa, can be accepted in any of the seven gateways on the site

Press Trust of India  |  New Delhi 

IRCTC, Railways, service charge

Amidst reports of barring certain banks from using its gateway for transactions, the railways' tourism and catering arm issued a statement denying the reports.

The has said options to pay through gateway using debit/and internet banking are open for all banks.

"No or of any bank has been restricted by the for acceptance on any of the gateway," it said.

and cards of any Indian bank powered by or Visa, can be accepted in any of the seven gateways on the site, the statement clarified.

However, it said the has provides a value-added service of direct integration to some banks which would allow speedy transactions and reconciliations.

"Since direct integration comes at an added cost to the IRCTC, these banks were asked to share a part of their transaction charges with IRCTC," it said.

A senior official of the said that it was not possible for it to bear cost of individual linkage to bank websites.

"had asked banks to share the revenue earned from online tickets because of these value-added services but some banks refused," he said.

The has said that if banks are willing to give the facility of zero transaction charges on their cards to rail ticket customers then it will give them the facility of direct integration also.

The statement has further said that banks should abide by the guidelines regarding transaction charges on cards by charging only 0.25 per cent on transactions of up to Rs 1,000 and a maximum of 0.5 per cent on transactions of values between Rs 1,000 and Rs 2,000.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sat, September 23 2017. 10:37 IST
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