Promotion offer to help Digital and Cashless Transactions to a step forward

Promotion offer to help Digital and Cashless Transactions to a step forward

PASSENGERS NOT TO BE CHARGED MERCHANT DISCOUNT RATE (MDR) FOR BOOKING OF RAILWAY TICKETS.

Kolkata, 2nd March, 2018.

Merchant Discount Rate (MDR) charges will not be levied o­n passengers for booking railway tickets (at the railway ticketing counters as well as through IRCTC ticketing website) o­n payment made through Debit Cards for a transaction value upto Rupees o­ne lakh.  Instructions to this effect has been issued to the Banks by Department of Financial Services, Ministry of Finance o­n 26th February 2018.  This will further help in promoting digital and cashless transactions.

Ministry of Railways had informed Department of Expenditure that all proceeds from sale of tickets through IRCTC website/counters go to Consolidated Fund of India through Ministry of Railways and such transactions should be considered as Government receipts. The benefits o­n Government transactions must be passed o­n to the public, and they should not face MDR charges while making payments to Government.

Source:SER