IRCTC Login Tatkal PNR Cancellation News

Indian Railways News | Latest News and Updates on Indian Railways

Railways moving towards a digitized and cashless economy

April 9, 2017 Leave a Comment

Railways moving towards a digitized and cashless economy

Government of India encourages people to move towards a Cashless Economy. This can be achieved by use of debit, credit cards, electronic payment gateway systems such Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) and Real Time Gross settlement (RTGS) in India.

The advantages to citizens of a country in a Cashless Economy are:

  • Risk of loss of Cash while carrying is avoided
  • Facilitate exact payment and reduce transaction costs
  • Convenience in payment and management of utility bills, purchases and other financial transactions.
  • It helps to authenticate financial transactions and maintain proper record facilitating better tax compliance and increasing tax base.
  • Digital payments indirectly reduces expenditure by reducing need for printing of currency notes and its transportation.
  • Electronic transactions helps in curbing corruption and black money flow, thereby helping in economic growth of the country
  • Lesser use of cash prevents money laundering and better tax compliance
  • Increased tax base would result in greater revenue for public welfare activities
  • Indian Railways offers cashless ticketing options to its customers through internet ticketing on IRCTC website for booking reserved tickets. More than 58% of the train accommodation is reserved through e-ticketing. IRCTC also provides option for purchasing Season Tickets for suburban train services on Western and Central Railway. Facility for purchasing unreserved tickets through mobile phones is available at Delhi, Mumbai, Chennai, Kolkata and Secunderabad. Further Automatic Ticket Vending Machines dispensing unreserved tickets using smart cards are provided at over 1000 locations over CR, ER, ECoR, NR, NER, NWR, SR, SCR, SER, SECR, SWR, WR and WCR.  The smart card can be purchased from nominated counters at the station.

Indian Railways seeks your cooperation and support in helping the Government and the nation in creating a cashless digital economy.

Related posts:


    BUDGET 2017:NO CASH TRANSACTION ABOVE 3 LAKH
    Cancel Train Ticket,Just Dial 139-Indian Railways
    Cashless Economy in Railways – IRCTC
    CASHLESS ECONOMY
    Railways have a 5x Multiplier Effect on the Indian Economy: says MD/Axis Capital
    Cashless Initiatives in Indian Railways
    Initiatives for Cashless Transaction in Indian Railways

Filed Under: Indian Railways

We guess Your expectation…

TIMINGS OF BHAGALPUR – RANCHI – BHAGALPUR VANANCHAL EXPRESS REVISED

September 1, 2016

ENHANCEMENT OF ADVANCE RESERVATION PERIOD FROM 10 DAYS TO 30 DAYS FOR SOME TRAINS

November 2, 2016

Measures to Reduce Queues for Purchase of Train Tickets

December 28, 2015

First Aid Facilities in Trains

April 10, 2018

WESTERN RAILWAY TO EXTEND RUN OF BANDRA TERMINUS – JABALPUR SUPERFAST SPECIAL TRAIN and VADODARA-AHMEDABAD FAST PASSENGER SPECIAL TRAIN

August 30, 2016

Model Railway Stations

April 14, 2017

National Academy of Indian Railways at Vadodara to be upgraded as Rail University

February 26, 2016

South Central Railway to Run 36 Krishna Pushkaram Special Trains for the Convenience of Pilgrims

July 16, 2016

RUNNING OF HOLI SPECIAL TRAINS OVER KONKAN RAILWAY ROUTE

March 2, 2017

SUMMER SPECIAL TRAINS:-SOUTHERN RAILWAY -PALAKKAD DIVISION

May 6, 2016

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Top Headlines

Additional Stoppage to Chhath Special Trains

Checking of tickets during night time in reserved coaches

Summer Special Train Services 2017 – Kochuveli to Karaikal

India Fastest Train Gatimaan Express:Train No.12049/50 is set to begin its inaugural run on April 5,2016

Special Train 2017 – Delhi-Darbhanga- Delhi Bi-Weekly AC Express

Diwali Special Trains And Puja Special Trains Between Tatanagar-Visakhapatnam-Tatanagar

STOPPAGE TO THE TRAINS FROM 01.08.2016

Availing of Benefits of CGHS Wellness Centres

CHANGES IN PATTERN OF TRAIN SERVICES IN MANGALORE – PADIL SECTION

New Catering Policy in Railways

Latest Railway News

10% REBATE IN BASIC FARE ON VACANT BERTH/SEATS
TATKAL SPECIAL TRAINS -SOUTH CENTRAL RAILWAY
SALIENT FEATURES OF TATKAL SCHEME
REFUND FOR E-TICKET AND RAILWAY TICKET PASSENGERS
COLLECTION OF REFUND AMOUNT ACROSS THE PRS COUNTER
LIST OF RETIRING ROOM FOR BOOKINGS THROUGH INTERNET
IRCTC News




Archives

  • April 2018
  • January 2018
  • November 2017
  • October 2017
  • August 2017
  • July 2017
  • June 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015

Copyright © 2019 · Magazine Pro Theme On Genesis Framework · WordPress · Log in