- The railway minister said it has not imposed any restrictions
- All cards of Indian banks powered with VISA and Mastercard are accepted
- IRCTC has seven gateways to accept digital payments
In a circular issued yesterday, the Railways also added that direct integration with banks has additional costs. IRCTC had earlier asked banks to share a part of the transaction charge with the Railways but later on forfeited its share of the transaction charge and asked banks to pass on the benefits to the customer.
Debit/Credit cards of all banks are accepted on any payment gateway. No— IRCTC (@IRCTC_Ltd) September 23, 2017
truth in news of having blocked any card of any bank.
IRCTC has seven gateways to accept digital payments. These are ICICI Bank, HDFC Bank, Citi Bank, Axis Bank, Paytm, PayU and ITZ Cash. Payment gateway of American Express Bank is integrated for Amex Card and of Kotak Bank for accepting Rupay Cards. IRCTC also accepts international Debit/Credit cards through the payment gateway of M/s Atom, IRCTC said.
Currently, banks are allowed to charge 0.25 per cent on transactions of up to Rs 1,000 and of 0.5 per cent on transactions of values between Rs 1,000 and Rs 2,000, according to Resrve Bank of India guidelines.
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