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Credit card holders to avail train tickets on EMIs  

  

Credit card holders to avail train tickets on EMIs 

        Bullet train

New Delhi, October 19, 2014: In the festive season, the Indian Railways has tied up with Citibank to allow its credit card holders to avail train tickets on Equated Monthly Installments (EMIs). The initiative is likely to help passengers who book tickets on premium trains.

The railways have launched premium trains to meet the festive rush, the ticket cost of these trains is thrice as that of the regular trains and at some instances the rail fares even surpass the cost of air travel.

As per the new EMI scheme, Citibank will pay the entire train fare amount to the Railways and will collect the fare from the traveler later via EMIs. But the facility is available only via online ticket booking. While purchasing the ticket online, the website will give the option of payment via EMI.

Currently the facility is available only to the credit card holders of Citibank, though the Railways may tie up with other banks as well in the course of time.



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