As per Economic Times “Buying train tickets online could soon be cheaper as the government has proposed to scrap or substantially reduce the service charge on such bookings. The Indian Railway Catering & Tourism Corporation, a subsidiary of the Indian Railways that handles online bookings, charges Rs 40 on every ticket purchased for air-conditioned classes and Rs 20 for non-AC sleeper classes.”
The service charge won’t be collected on bookings from November 23 to December 31 to help passengers and incentivise online payments, IRCTC said in an update on its website. The government demonetised high-denomination currency notes on November 9. In the wake of the cash crunch in the country because of the demonetisation, the railways wants to digitise its entire payment receiving mechanism.”
If the IRCTC proposal is executed then it can be of great help to the cash crush consumers, who are struggling hard to manage liquid funds.
Demonetisation move is not only shifting consumers to plastic money and Online payments but also impacting the online sales as per the latest reports. Cash on delivery option which was one of the favored mode of payment has also taken a hit.