There will be no refund for cancellation of train tickets up to eight hours before departure, instead of the existing norm of four hours, Railway Minister Ashwini Vaishnaw said while announcing reforms in the sector on Tuesday. The new refund rule will take effect between April 1 and 15 this year. Other refund slabs have also been revised: a cancellation between 24 and eight hours will incur a 50 per cent deduction from the ticket cost. This is currently 12 to four hours. Similarly, the Railways will deduct 25 per cent of the ticket cost for cancellation between 72 and 24 hours before departure. A full refund -- except a flat cancellation charge per passenger -- will be given for cancellations made more than 72 hours before the train's departure. Under the existing policy, cancellations made between 48 and 12 hours incur a 25 per cent deduction of the ticket cost, while a full refund will be given for cancellations made more than 48 hours in advance. Vaishnaw said the refund rule
Between 2021 and January 2024, more than 128 million waiting list tickets were cancelled
Go First added that the company has filed an application for immediate resolution and revival of operations and is optimistic about resuming bookings shortly
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Another amount of Rs 660 crore will be returned for around 3.9 million bookings made for travel between April 15 and May 3, they said
The Civil Aviation Ministry said airlines will have to refund all statutory taxes in case of flight cancellations