IRCTC blocks debit card payment gateway for numerous banks

Indian Railway Catering and Tourism Corporation (IRCTC) has blocked many banks from using its payment gateway for debit card transactions over the issue of convenience fees, according to media reports. As of now, cardholders of only six banks including Indian Overseas Bank, Canara Bank, United Bank of India, Indian Bank, Central Bank of India, HDFC Bank and Axis Bank are allowed to make card payments. IRCTC had waived off Rs 20 convenience fee it charged from customers after demonetization. But, IRCTC reportedly expected banks to share half the convenience that they charged to customers whenever they purchased tickets online. However, the banks reportedly did not share the amount with the Railway ticketing arm.Reports further said that the Indian Banks’ Association (IBA) is discussing the issue with IRCTC and Indian Railways with a view to resolving the matter.


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