Saving Money with IRCTC

Booking a ticket at IRCTC means spending a few bucks extra. Well, it does not bother much as it saved my time and petrol. Here is a tip to save some money, but before that, a concern to raise!

IRCTC charges flat Rs 10 on each ticket as their service charge. But why? Cards payment industry has a painful clause that merchants has to bear any fraud. For example, if a fraudster books a ticket with stolen card and later the card owner files a chargeback, IRCTC has to pay the amount back. But the fraudster has finished enjoying travel before owner files a chargeback! So how to does they deal with this? IRCTC decided (like what other merchants do) to take this from consumers as an insurance money. And that’s how an honest poor Indian suffers!

Let’s get back to the business of this post. Apart for typical IRCTC charges, the consumer has to beer additional bank charges too. Refer the list of transaction service fees charged by various banks at IRCTC. All credit card payment gateways charge 1.65-1.8% of transaction amount, Debit cards are charged at flat Rs 10 while net-banking transactions are charged a little more (Rs 10 + Service Tax).

If you want to save a few bucks while booking small tickets (up to Rs 600) use credit cards and debit cards if they are enabled. ICICI has enabled use of Visa debit-cards at credit-card gateways. I typically select Axis PG and use ICICI debit card. As a result I pay Rs 10 + 1.65% additionally.

– ankit

4 thoughts on “Saving Money with IRCTC

  1. Jeilaanni

    But why you are using debit card and pay additional rs.10? usually i prefer axis pg, then use credit card. in this mode, the total amount will be ticket charge+irctc fixed charge rs.10+1.65% of total charge for bank transaction+10.30 ces tax for bank transaction amount.

  2. prasanth

    Punjab national bank , Federal bank , Bank of Baroda and Indus ind bank have no service charges while booking train ticket through net banking.

  3. Pralay Kumar Roy

    Is there any way to get rid of all this charges, like any cash card(pre paid card) issued by Indian Railway….?
    Can any one let me know….?

  4. Naresh

    Hai all
    There Is Way to Avoid IRCTC Transactional Charges. UBI(Union Bank Of India) Has Introduced a Prepais Card. That Is UBI IRCTC Prepaid Card Apply Through Online Via This Link You Will Find All The Details
    https://acm.fssnet.co.in/ACM/portal/ci/customerTrackingRedirect.acm
    For First 6 Months There is No Trasactional Charges Booked Throug IRCTC After 6 Months Rs 10 leived For Every Ticket For Full Details Follw Above The link I hope This Is Helpfull Who Use IRCTC Frequently

    Thanks All

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