Business Standard

Ticket bookings get tougher as IRCTC bars SBI, ICICI and other banks' cards

Only seven banks' cards now eligible; IRCTC's gripe: refusal on part of banks to share convenience fee

Representative image
Premium

BS WebTeam New Delhi
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.
 

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in