Under the guidance of Suresh Prabhu, the Railway Minister of India, Indian Railways has generated countable revenue. To increase it further, another step has been taken by the Railway ministry. Now they have launched a new scheme, “Buy now, pay later”. This scheme is applicable only for Express trains.
Indian Railways has made a collaboration with Mumbai-based firm ePayLater to implement this scheme. This offer will be same as issuing a credit card. Also, this scheme can be availed for e-tickets only.
To avail this opportunity the passengers have to first submit their PAN card or Aadhaar details with their name, phone number, and email ID. Once the passenger gets an approval, an OTP will be sent to avail this feature.
A person can book tickets using this opportunity, five days prior to the journey and has to pay in next 14 days with addition of 3.5 percent service tax.
Hope people will take useful advantage of this scheme rather than mistaking it for the bad use.