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Cashless Railways bookings at nearly 60%, 99% for freight

DELHI: Nearly 60% of total reserved Railway tickets were booked through cashless mode through internet or through credit/debit cards across counters between April, 2016 and December, 2016 said said Minister of State for Railways Rajen Gohain in a written reply to a question in Rajya Sabha. He added that cashless transactions for freight business was more than 99%.

The Indian Government is trying to push cashless transactions for the Indian economy to reduce the scope of using black money and counterfeit notes. Also, it makes it easier for the country to collect tax and keep a track of revenue and expenditure.

To further promoting cashless transaction, The Railwasy has decided to install 10,000 Point of Sale (POS) machines in association with State Bank of India at various locations of Indian Railways.

With all POS machines being GPRS-based, Railways will not need to use its own communication system of Railways to operate these machines.

Musafir Namah Bureau

 

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