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Corrigendum to Rates Master Circular / E-payment / 2014 / 1

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Guidelines for Electronic Payment system Corrigendum to Rates Master Circular/E-PAYMENT/2014/1

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Corrigendum to Rates Master Circular/E-PAYMENT/2014/1

भारत सरकार (GOVERNMENT OF INDIA) रेल मंत्रालय (MINISTRY OF RAILWAYS) (रेलवे बोर्ड) (RAILWAY BOARD)

No TC-1/2015/104/1 New Delhi, dt.? 6 .04.2016

General Manager(Commercial) All Zonal Railways

Sub: Guidelines for Electronic Payment system Ref: Rates Master Circular/E-Payment/2014/1 dt!0.07.2014

One of the Zonal Railways has sought a clarification regarding increase in period of Tripartite agreement and also increase in the validity period of LC/BG.

The matter has been reviewed and it has been decided to revise the guidelines given in Para 5.4.1 of the Rates Master circular as under:

5.4.1 If the Railway. customer and bank wish to execute the Tripartite agreement for a longer period above two years, such Tripartite agreement may be executed subject to the condition that the LC/BG should be valid for 24 months from the date of commissioning of the e-payment facility with a provision permitting its encashment upto 90 days after the validity period of LC/BG, if required. However, the amount of LC/BG will be reviewed at the end of every financial year on the basis of freight transaction and in case there is an increase in the amount of LC/BG. the customer will submit an additional LC/BG for the difference amount and if the amount of LC/BG is lower than the existing LC/BG limit. the same LC/BG will be revalidated before the expiry of 24 month period. ~

The above guidelines will be applicable for executing new e-payment agreement or renewal of existing e-payment agreement.

This issues with the concurrence of Accounts and Finance(Commercial) Directorates of Ministry

of Railways.

(Lata Kumari ) Director, Traffic Commercial(Rates) Railway Board

No. TC-I/2015/104/1 New Delhi, dt.2.6 .04.2016

Copy to:

1. FA&CAO. All Zonal Railways

2. Dy.C&AG(Rlys), Room No.222, Rail Bhavan. New Delhi.

Ai

for Financial Commissioner/Railways

Corrigendum to Rates Master Circular/E-PAYMENT/2014/1

No. TC-1/2015/104/1 New Delhi. dt. © .04.2016

1. | Managing Director, CRIS, Chanakyapuri, New Delhi-21.

2. Chief Admn. Officer. FOIS, N. Rly., Camp: CRIS. Chanakyapuri, New Delhi..

3. Managing Director, KRCL, Belapur Bhavan, Sector-! 1. CBD Belapur. Navi Mumbai-4006 14.

4. Director General, National Academy of Indian Railways, Vadodara.

5. General Secy., IRCA, New Delhi.

6. Director. IRITM, Campus: Hardoi Bye-pass Road. Vill-Kanausi, P.O.-Manaknagar, Lucknow- 226011

7. Secretary. RRT. 5, Dr. P.V. Cherian Crescent Road. Egmore, Chennai- 600105.

8 Chief Commissioner of Railway Safety, Lucknow.

Copy for information to:

(Lata Kumari ) Director, Traffic Commercial(Rates) Railway Board

CRB, MT, FC. Railway Board

AM(C), AM(T). AM(IT)- Adv(F), Adv(TT/M), Adv(Safety). Adv(Vig.). Adv.(Acct.). EDTC(R), EDPG. ED(C&IS). EDFM. EDTT(S). EDTT(F), EDFC, EDVT. ED(Plg). ED(PPP). ED(PP), DPG, DEM, DEC, DTT(G), DF(CCA), JD(A). Railway Board

न

C(R). TC(CR). F(C). Safety Branches, Railway Board

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