INDIAN RAILWAY'S INNOVATIVE STEP:
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New Delhi: In a
innovative step, Indian Railway has introduced Equated Monthly Installment
(EMI) system of payment for its tickets. Now you can book a ticket and pay it
in installments.
But there is a catch in this.
Only those who will book ticket online will get this benefit.
For this purpose Indian
Railway’s online booking website, IRCTC, has added one more mode of payment in
it and that is EMI option, in addition to credit, debit and net banking
options.
For now, only Citi bank credit
card holders will have the privilege of paying through EMI.
This is how the tickets
will be booked through EMI :
During the booking process
there will be credit, debit, net banking and EMI option in the website. As soon
as you will click on EMI option, credit card details will be asked. Once you
will submit all the details, entire ticket amount will be deducted from credit
card and will be transferred in IRCTC's account but bank will break the payment
for you into EMIs.