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Compendium_E-Payment_updated till 2025

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Summary

Guidelines for Electronic Payment system 4.1.1 AXIS bank, HDFC bank, ICICI bank and Kotak Mahindra Bank Ltd.

Text of the circular

Compendium _ Electronic Payment System_2025 _____________________________________________________________________________________ 1

COMPENDIUM

“Electronic Payment System”

As prescribed vide

Rates Master Circular/E-payment/2019/0 and Subsequent Amendments/Clarifications

(Note: This is a compilation of extant guidelines on the subject matter. Reference to subsequent Board’s circulars/letters have been given with regard to amendments/clarifications and the same be referred to)

Compendium _ Electronic Payment System_2025 _____________________________________________________________________________________ 2

INDEX

Topic

Para No.

1.

E-Payment Scheme

1.0

2.

Scope

2.0

3.

Eligibility

3.0

4.

Tripartite Agreement

4.0

5.

Requirement of Letter of Credit (LC)/Bank Guarantee(BG)

5.0

6.

Internal Procedure in Railway's field offices

6.0

7.

Procedure in Accounts

7.0 8 Procedure in case of exigencies

8.0 9 Withdrawal/Termination

9.0 10 Miscellaneous

10.0 11 Quadripartite Agreement

11.0 12 Permission to Private Bank and Foreign Bank

12.0 13 E-payment system in case of RoadRailer

13.0 14 Single agreement E-payment System in case of AFTO

14.0 15 Payment of Ancillary Charges through e-Payment System

15.0

Compendium _ Electronic Payment System_2025 _____________________________________________________________________________________ 3

Sub: Guidelines for Electronic Payment system

1.0 E-Payment Scheme:

1.1 This Scheme provides a facility to rail users to make payment of freight charges directly from their Bank account to Railway's Bank account through electronic means. Railway aims to promote this mode of payment by their customers.

2.0 Scope

2.1 Payment under e-payment scheme will be limited to payment of freight charges at present. Railway may consider payment of other charges through e-payment at a later stage.

2.2 This facility will be available only at terminals where Terminal Management System (TMS) has been commissioned.

3.0 Eligibility

3.1 Any rail customer having regular business with Railway may apply to the Principal Chief Commercial Manager (PCCM) of the Zonal Railway on which the booking station is located (hereinafter referred to as 'the Railway').

3.2 It will be at the sole discretion of the Railway Administration (PCCM in consultation with PFA of the originating Railway) to accept or reject a request for electronic payment of freight charges through E-payment system,

3.3 Major customers like FCI, Power Houses and Container Train Operators, operating from more than one location, may nominate one nodal branch of the Bank for transfer of funds in respect of all the transactions taking place at different stations of the Railway. They will, however, need to apply for this facility to each Zonal Railway concerned separately.

3.3.1 All Container Train Operators including CONCOR are permitted to operate a single bank account under E-payment system and enter into a single Tripartite Agreement with one Zonal Railway (viz. Northern Railway as nodal Railway) for all the terminals/locations.

However, the originating earning will be credited to the originating Railway's bank account by Party's bank and electronic payment advice thereof will be generated at the booking terminal as per E-payment scheme. Container train operators intending to opt for E-payment facility would be required to open Letter of Credit (LC) in favour of Railway.

LC amount should be reckoned as LC for all Indian Railways and ERRs will be issued accordingly.

Compendium _ Electronic Payment System_2025 _____________________________________________________________________________________ 4

3.3.2 NTPC may be allowed the facility of single e-payment agreement with Northern Railway, as nodal railway, for all its terminals, as per Para 3.3.1 above.

(Addendum No.2)

3.4 Acceptance of a proposal for introduction of E-payment facility shall be subject to an undertaking by the customer through a Tripartite Agreement to abide by the co

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