Indian Railway Catering and Tourism Corporation or IRCTC has launched a new scheme called the e-Wallet on its website (irctc.co.in) to helps users buy train tickets faster in India. The IRCTC e-Wallet lets the customers have an account with the IRCTC and deposit money to be used in future for booking e-tickets. This project has been taken into action considering the hassles related to time taken to book the tickets from the IRCTC website. The current process involves using Net Banking, Credit card or Debit card to make payments. The user has to wait till the process gets completed, right from the bank’s server to the IRCTC’s server, for making the payment and thereafter he/she is once again taken back into the IRCTC site which consumes a lot of time.

A lot of online ticket buyers have suffered from a problem where their login session expires on the IRCTC site and even though the money is deducted from their bank account, they do not receive a ticket. This problem is solved using the IRCTC e-Wallet scheme. The money that the customers wants to use to buy the ticket is already present with the IRCTC deposit. Therefore, he/she will not be transferred to the bank's server for payment. Using the eWallet scheme, users will be able to save a lot of time and the problem of money-spent but no-ticket is completely eliminated.


IRCTC has made it clear that only PAN card verified users can register for this scheme and in case of ticket cancellation, the due refund will be credited to the e-wallet account the very next day. The folks over at IRCTC have also announced that the scheme has got good response since its launch in the second week of this month. With approx. 4000 registrations already for the scheme, we can say people in India are really embracing the idea.

What do you think about the IRCTC eWallet Scheme?