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Blog Entry# 2062394  
Posted: Nov 16 2016 (21:11)

1 Responses
Last Response: Nov 16 2016 (21:11)
Rail News
Commentary/Human Interest
Nov 16 2016 (07:18)   Railways sets Rs 5000 as cash refund limit for tickets

rdb*^   130992 news posts
Entry# 2062394   News Entry# 285734         Tags   Past Edits
MUMBAI: The railway ministry has ordered that cash refund for cancellation of tickets will not be allowed above Rs 5,000 from November 16-24. Earlier, the refund limit was Rs 10,000, a decision which has already yielded results as the number of ticket bookings has now halved.
As soon as the demonetization was announced, people queued up in large numbers at Passenger Reservation Centres to book tickets, particularly in AC-I and AC-II, that too for the longest distance possible, to get rid of unaccounted cash. A senior official said, "On November 13, 4.27 crore passengers were nationally booked across all classes. Of these, only 1,209 were AC-I and 16,999 for AC-II. It is a sharp dip from the number of passengers booked on
November 9, when 27,237 passengers had booked tickets in AC-I and 69,950 in AC-II."
The official said, "The number of restrictions imposed by the Railway Board on November 10 to book and cancel tickets had the desired impact. There are now shorter queues at the PRS, where tickets can be booked with old Rs 500 and Rs 1,000 notes till November 24."
Since November 10, the Railways ordered cancellation of tickets and refund of fare value of Rs 10,000 and above will not be allowed in cash or through pay order or by any means involving cash across the counter. The payment shall be only through cheque/electronic payment. It also said tickets above Rs 10,000 may refunded by filing ticket deposit receipt only on surrendering the original ticket. Railway officials were instructed that any cash transaction above Rs 50,000 be accepted only after obtaining a copy of the PAN card.

Nov 16 2016 (21:11)
srinivasvasanthi~   3982 blog posts   13 correct pred (50% accurate)
Re# 2062394-1            Tags   Past Edits
Good move by the Railway. Genuine passengers may be rebooked one time with minimum clerical charges.

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