Indian Railways has tied-up with Citibank to offer EMI facility for e-ticket bookings on Indian Railway Catering and Tourism Corporation’s (IRCTC) portal, reports The Times of India. Users can now opt for EMI as a payment option, besides credit/debit card and net banking payment options. The payment needs to done using a Citibank credit card, wherein the entire amount is deducted from the card and users pay the bank in monthly installments. Given that, at 2.4 million, Citibank has only 12.3% of India's credit card base of 19.47 million, why hasn't the IRCTC tied up with other banks for offer EMI? At the very least, it needs to tie-up with more banks, especially HDFC, ICICI and the State Bank of India – the three largest issuers of credit cards in the country, which account for 58.9% of India's credit card base . CoD for train tickets: IRCTC had reportedly announced plans of offering cash-on-delivery (CoD) payment option for buying railway tickets, in August this year. The service was to be made available through a partnership with BookMyTrain.com and was expected to go live within 4-6 weeks. At the time of writing this article, the BookMyTrain site still sports a “Coming Soon” message. This move could potentially have reduced travellers’ dependence on agents and enabled passengers in tier II and tier III cities without access to net banking or credit and debit cards or those wary of using it for online purchases, to book tickets on the IRCTC site. Go-India smart card: Railway Minister…
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