March 06, 2018 10:52 AM

Chandigarh (Sanjay Kumar Mishra)

Rail tickets booked through debit cards are set to get cheaper! That’s because Railway Minister Mr. Piyush Goyal has decided that the Merchant Discount Rate (MDR) charges will not be charged on booking of railway tickets on payment made through any Debit Cards for a transaction value up to Rs 1 lakh. This would be applicable for tickets purchased at the ticketing counters of the stations or through IRCTC website. In a bid to promote digital and cashless transactions the department of financial services under Ministry of Finance has already issued instructions to the banks on February 26, 2018.

The department of expenditure has been informed by Railway Ministry that all the earnings from sale of railway tickets through IRCTC web portal and railway station ticket counters go to Consolidated Fund of India through Ministry of Railways. In addition to this, the Railway ministry also said that such transactions should be considered as Government receipts. According to the Railway Ministry, the benefits on government transactions must be passed without any MDR charges levied on it, to the public.

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