Readers only offer: Get additional Rs 200 off on 'The Better Home' powerful natural cleaners. Shop Now
Here Is Another Reason Why Railway Passengers Should Make Digital Payments

Here Is Another Reason Why Railway Passengers Should Make Digital Payments

Among other things, the Indian railways is planning to issue PoS machines to all its ticket counters.

In the past few years, the government has attempted to coerce, cajole and incentivise citizens to move towards digital payments. The Indian railways, which is the largest carrier of people and goods in this country, is naturally doing the same.

Its most recent attempt will now include a 0.5% discount for tickets in unreserved categories, and free passenger insurance, for those who purchase tickets via cashless facilities.

For representational purposes (Source: Flickr/kmkeshav)
For representational purposes (Source: Flickr/kmkeshav)

The Indian railways already offer a 0.5% discount on monthly travel passes if customers purchase them with credit or debit cards. “We are trying to minimise the use of cash as much as possible. So, several incentives are being rolled out for passengers,” Mohd Jamshed, member-traffic, Rail Board, told the Economic Times. “The financial burden of the incentives given is being borne by us.”

In a bid to offer such incentives, it is reportedly losing 400 crore a year for waiving service charges on tickets bought via the Indian Railway Catering and Tourism Corporation (IRCTC) website, reports the Economic Times.

The transition to cashless among customers who avail services of the Indian railways has reached new heights with nearly 60% of the total annual transactions in the passenger segment reportedly going cashless—a 20% jump since the announcement for demonetisation.

Besides the IRCTC website, the railway is also planning to introduce PoS (point of sale) machines at all its ticket counters, besides allowing for payments via digital wallets. In the freight segment, 95% of the transactions are conducted without the requirement for hard cash.

Read also: Free Wi-Fi & Beautification: Railways to Give India’s ‘Doors’ a Large Boost

“Earlier, most of our cashless transactions were through IRCTC. Though that is still the case, we have also started accepting cards and BHIM at unreserved ticket counters. Railways are benefiting from it as we are reducing the cost of handling cash,” Jamshed added.

In its bid to further promote cashless payments, the rail carrier has asked banks to slash charges on digital payments for train tickets with the promise of more business.

Like this story? Or have something to share? Write to us:, or connect with us on Facebook and Twitter.
NEW: Click here to get positive news on WhatsApp!

Let’s be friends :)
Sign in to get free benefits
  • Get positive news daily on email
  • Join our community of positive ambassadors
  • Become a part of the positive movement
Before you go...

We have a favor to ask.

Our teams put in a lot of effort to create the content you love at The Better India.

The Better Home is a range of safe and eco-friendly home cleaners by The Better India. We put out curated content on our Instagram account- green living hacks, green innovations, leading a no-tox life and heroes in the sustainability space.

It would help us if you can follow our Instagram handle and spread the word around.