IRCTC launches RDS Deposit Scheme for E-Ticket Reservation:
IRCTC launch advance deposit scheme, scheme name is "Rolling Deposit Scheme(RDS)".The IRCTC will not levy any gateway charge for booking e-tickets through RDS.Users could open an account with the IRCTC with the minimum balance of Rs 1,500 – 2,000 and book online e-tickets for undertaking journey by any train across the country, sources said, adding about 4.5 lakh e-tickets are booked daily through the IRCTC website.
"Time can be saved by using an RDS account, as the entire transaction is internal and there is no dependency on a third party payment gateway."
Key features of Rolling deposit scheme:
User authentication: Users of the rolling deposit scheme (RDS) will be verified and authenticated through online PAN card number verification
Secure access: Users will have to provide transaction passwords/ PIN numbers for every booking done through RDS
Complete history: Users will be able to check RDS transaction/payment history. They can also change the transaction password as and when required
Easy refund: In case of ticket cancellation, the refund will be credited to the user’s RDS account the next day
The IRCTC claims that the RDS account system will be more efficient and advantageous as compared to transactions carried out through payment gateways of banks.