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Blog Entry# 2056984
Posted: Nov 12 2016 (09:05)

1 Responses
Last Response: Nov 12 2016 (09:05)
Rail News
Commentary/Human Interest
Nov 11 2016 (18:12)   Action taken by Ministry of Railways on Demonetisation of Rs.500 and Rs.1000

rdb*^   133024 news posts
Entry# 2056984   News Entry# 285426         Tags   Past Edits
With regard to the recent Demonetisation of High Value Currency Notes of Rs. 500 and Rs. 1000, the following action were taken by Ministry of Railways.

1. A Monitoring Cell has been opened in Rail Bhawan under Additional Member (Commercial) and suitable instructions have been issued to the Zonal Railways (GMs, CCMs, FA & CAOs and DRMs) & Divisional Railways for ensuring smooth transaction across Indian Railways network.
Instructions issued to accept Currency notes of Rs.500 and Rs.1000 denominations in catering establishments including refreshment rooms, refreshment stalls, Jan Aahars, pantry cars on running trains for purchase of eatables. Such acceptances, if any should be duly supported by cash bill and the transactions recorded in a separate register with details of the persons from whom the currency note has been accepted.
3. Staff has been asked to take utmost care to ensure that the currency notes of Rs.500 and Rs.1000 denominations are verified to be genuine before accepting them.
4. Suitable cap is being applied for issue of waitlisted tickets in higher classes if abnormal surge is noticed.
5. Steps are being taken to ensure availability of sufficient cash.
6. Any cash transaction of value of Rs.50,000/- (Fifty Thousand) and above should be permitted only after obtaining a copy of the PAN Card
7. CRIS has been asked to closely monitor the trend in booking of tickets (earning and refunds)

Ministry of Railways has revised the procedure for cancellation of tickets and refund as follows:
In order to tide over the shortage of cash at the counters Ticket Deposit Receipts may be issued in lieu of cash refunds for passengers seeking refund on 9th, 10th and 11th November, 2016.
Cancellation of such tickets and refund of fare of value Rs.10,000/- and above shall NOT be allowed in cash or through green pay order or by any means involving cash across the counter. The payment shall be only through Cheque/ECS payment.
Such ticket may be refunded through filing of TDR only on surrendering of original ticket. TDR shall be filed within the prescribed time limit for cancellation of ticket across the counter as per Refund Rule e.g. TDR shall be filed only upto half an hour before the scheduled departure of the train for RAC/WL tickets and for confirmed tickets upto 4 hours before the scheduled departure of the train, for which ticket has been issued etc.
In such cases TDR and refund of fare as per refund rule shall be allowed for waitlisted tickets also only through Cheque/ECS payment.
This shall be implemented with immediate effect.

(Release ID :153526)

Nov 12 2016 (09:05)
hiprasoon   358 blog posts   59 correct pred (77% accurate)
Re# 2056984-1            Tags   Past Edits
These action are good. But nothing has done for ease of common person. There is one suggestion for exchange of change money at ticket counter.
The remaining amount should be printed at ticket and passenger can submit that ticket along with valid id in Bank/post office to reimbursement of the same.
If amount is more than 10,000 then it should be transfer to person account only.
will help in reducing long queue at ticket counter.

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