The Ministry of Railways that had earlier announced no refund in cash if the amount exceeded Rs 10,000 has further tightened the cap to Rs. 5000 now.
As reported earlier, after the demonetization announcement by PM Narendra Modi people were seen getting wait-listed tickets of high values (Ac 1 and 2 coaches) with the intention of getting them cancelled a little later. While announcing the demonetization move, the Centre had allowed ticketing counters at railway stations to accept old Rs. 500 and Rs. 1,000 notes to avoid passenger inconvenience. The dates for accepting these banned notes were further increased till November 24 to avoid inconvenience to the general public.
Nonetheless, there was 800 percent jump in bookings for AC - 1 Class, 73 percent jump in Ac - 2 Class and a 16 percent jump in the bookings for AC - 3 class tickets compared to bookings made on the previous day of announcement.
Since the dates for accepting banned currency notes at the reservation counters has been increased till Nov 24, a fresh circular has been issued by the Railways. The limit to refund amount has been decreased up to Rs 5,000 after which refunds would be made through banking channels only. It also said such tickets may be refunded through filing of ticket deposit receipt (TDR) only on surrendering of original ticket.
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