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Railways issuing ticket deposit receipt for refund after ticket cancellation
The railways will not refund the cancelled tickets in case of refund amount touching Rs 10,000 or above, instead they are issuing ticket deposit receipts (TDR). For time being such amounts will be paid by cheque or will be transferred to the customer's bank account.

This move is taken by the railways, as it is facing shortage of currency notes of lower denominations coupled with heavy rush at booking counters. The railways has stopped giving refund for cancellation of tickets in cash and instead issuing TDR.

Apart from this another reason for implementing the move can be that the Railways is suspecting that many who booked higher-class tickets on long-distance trains in bulk with Rs 500 and Rs 1,000 notes may have done so to convert black money into white by getting legal tender from the railways after cancellation.

The railway board on Thursday issued a notice that the Rs 10,000 norm will be applicable on bookings done during November 9-11 at railway counters across the country.

A senior railway official said, "There is an acute shortage of cash. So, we will not be able to pay huge amounts in individual cancellation cases. The decision is a huge relief to booking counter staff," reported TOI.

Meanwhile, there has been a sudden upsurge in rail ticket bookings, as it is the only means to get rid of Rs 500 and Rs 1,000 notes, which the railways will accept till November 11. The demonetization of higher denomination has also brought down the e-ticketing business by about 10 per cent on 9 November as compared to the previous day as there is a surge of over 13 per cent at the counter sale.

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