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Railways can now supply pre-paid cards

News:

  • Mass Transit System operators, such as Mumbai Metro, Delhi Metro and Indian Railways, can now issue pre-paid cards — a move that will allow commuters to avoid long queues during rush hours.

Cards

  • The central bank has said that the balance in the card issued by PPI-MTS should not exceed Rs 2,000.
  • Also, MTS operators will not be allowed to refund cash that is stocked in pre-paid instruments (PPIs).
  • The card should have a minimum validity of six months from the date of issue.
  • The pre-paid cards can be used at other merchants as long as their activities are allied and are within the premises of the transit system.

Source:ET

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