Indian Railways to introduce "book now, pay later" option

No more standing in queues to book at railway reservation counters. Through this service, a passenger can book a ticket five days prior to the journey with a service charge of 3.5% and pay it in the next 14 days.

The new service is similar to the credit card system where a card is issued based on the CIBIL score of a customer.

Those who want to opt for this service have to give their name, email ID, mobile number, their PAN card or Aadhaar details. Once the customer gets approval to use the feature, they would be sent an OTP (one-time password) to activate the service.

In May, IRCTC had started delivering tickets at the consumer's doorstep by offering the pay-on-delivery (PoD) option. PoD charges shall be Rs 90 plus sales tax for transactions up to Rs 5,000 and Rs 120 plus tax for transactions over Rs 5,000.