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Rolling Deposit Scheme (RDS) by IRCTC queried in Rajya Sabha

Indian Railways Catering and Tourism
Corporation (IRCTC) has launched the Rolling Deposit Scheme (RDS) on
22.08.2012 for individual users as a pilot project for a period of six
months, with the following objectives:
(i) Reduction in time taken to book tickets
(ii) Reduction in the number of unsuccessful transactions on account of delays/network failure on part of the banks
(iii) Reduction of transaction cost
(iv) Faster crediting of refunds to customer account
(v) Improvement in overall system performance
(c)
and (d): Yes, Madam. An amount of Rs.250/- is charged as registration fee
for opening RDS which can be redeemed against the tickets booked by the
users.

Above was submitted by Ministry of Railway in reply of following Rajya Sabha Question:

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
LOK SABHA
UNSTARRED QUESTION NO 50

ANSWERED ON 22.11.2012

ROLLING DEPOSIT SCHEME

50 . Shri P. KUMAR

Will the Minister of RAILWAYS be pleased to state:-

(a) whether Indian Railways Catering and Tourism Corporation (IRCTC) has decided to launch a Rolling Deposit Scheme(RDS);

(b) if so, the details thereof;

(c) whether IRCTC plans to levy a registration fee for opening a RDS; and

(d) if so, the details thereof?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF RAILWAYS (SHRI ADHIR RANJAN CHOWDHURY)

(a): Yes, Madam.
(b) —see above–

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