Indian Railways Catering and Tourism Corporation (IRCTC) has reportedly barred several banks from using its payment gateway for debit card transactions, Financial Express reported on Friday. This move was taken as the banks refused to share a portion of the convenience fees they earned on customer transactions with IRCTC.
Many travellers prefer to book their tickets online, making IRCTC website one of the busiest portals. Currently, the portal only allows cardholders of Indian Overseas Bank, Canara Bank, United Bank of India, Indian Bank, Central Bank of India, HDFC Bank and Axis Bank to buy tickets using debit cards.
Many travellers prefer to book their tickets online, making IRCTC website one of the busiest portals. Currently, the portal only allows cardholders of Indian Overseas Bank, Canara Bank, United Bank of India, Indian Bank, Central Bank of India, HDFC Bank and Axis Bank to buy tickets using debit cards.