Booked railway tickets with old notes: Railways won't give you cash refunds

Booked railway tickets with old notes: Railways won't give you cash refunds
A railway employee returns change to a passenger at a railway booking counter in Allahabad, India. Image Source: Reuters
By ZeeBiz WebTeam
Updated: Fri, Nov 11, 2016
01:24 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Indian Railways gets massive earnings boost as demand booms Indian Railways gets massive earnings boost as demand booms
RITES IPO to hit markets on June 20, price band at Rs 180-185/share RITES IPO to hit markets on June 20, price band at Rs 180-185/share
Indian Railways' Shatabdi train ride on some sections may become cheaper Indian Railways' Shatabdi train ride on some sections may become cheaper
Indian Railways caught in this big row; workers' union fumes over Railways jobs Indian Railways caught in this big row; workers' union fumes over Railways jobs "outsourcing"
Unutilised berths under ladies quota to be offered to women passengers on wait-list: Railways Unutilised berths under ladies quota to be offered to women passengers on wait-list: Railways

Indian Railways on Thursday announced that people will no longer receive cash transfers on cancellation of tickets booked on November 9 and November 11.

“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 any other means that involves cash transfer over the counter. The payment shall be only through cheque or electronic clearing service (ECS) payments,” the railway authorities said.

Refunds amounting to below Rs 10,000 would be given to customers in the form of ticket deposit receipts (TDR).

“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 hald 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,” the railways said.

Also Read: Now, you can pay water, electricity bills using old Rs 500, Rs 1,000 notes

Further, the railways said, “In such cases TDR and refund of fare as per refund rule shall be allowed for waitlisted tickets also only through cheque/ECS payments.”

In the hopes of getting rid of their old Rs 500 and Rs 1,000 notes, Indians rushed to railway ticket counters.

Also Read: Cash management agencies hope to normalise ATMs operations in 2 weeks

The heavy rush came after Prime Minister Narendra Modi announced late Tuesday night that these old currencies would become illegal tenders from midnight November 8.