Book Now Pay Later IRCTC

Book Now Pay Later IRCTC

IRCTC Epaylater Rules – IRCTC E Paylater Charges -E Paylater IRCTC Registration

IRCTC epaylater

Booking of Railway Tickets Without Paying Money In Advance

A scheme of booking e-ticket online and making payment after 15 days through ‘ePaylater’ powered by M/s Arthashastra Fintech Pvt. Ltd., as pilot project, has been introduced by Indian Railway Catering and Tourism Corporation Ltd. (IRCTC). Under this scheme, a customer has the option to pay after 15 days of booking an e-ticket through IRCTC website. The service charge levied on using ‘ePaylater’ scheme is 3.50% of transaction amount and applicable taxes. Online ticketing through IRCTC website is gaining popularity and its share vis-a-vis counter tickets is increasing. Further, online ticket booking is also being promoted as a cashless mode of transaction.

ePaylater as a payment option is displayed at the payment page of IRCTC website to make people aware about the availability of this payment method. Details about its service charge and ‘Terms & Conditions’ of the scheme are also provided at the payment option page.

This information was made available in reply to a question in Lok Sabha today.

Source: PIB

Here’s a comprehensive guide to IRCTC’s “Book Now, Pay Later” facility—officially called ePayLater or Travel Now, Pay Later (TNPL):

📝 What Is IRCTC “Book Now, Pay Later”?

IRCTC offers a deferred payment option through ePayLater (via Arthashastra Fintech) and CASHe (Travel Now, Pay Later) for booking train tickets—including Tatkal reservations.turn0search11turn0search3
This feature allows you to book tickets immediately without upfront payment, and settle the payment within 14–15 days.turn0search3turn0search10

⚙️ How It Works

✅ Registration:

Sign up on ePayLater or CASHe using your mobile number, email, and PAN card details.turn0search3turn0search10

🛒 Booking Process:

Log in to your IRCTC account.
Choose your train and complete passenger details.
At the payment page, select ‘Pay Later’ option.
Choose either ePayLater or CASHe.
Log in with OTP to the provider portal and confirm the amount.
Booking is completed instantly and you receive your ticket.turn0search2turn0search7turn0search5

🧾 Repayment:

No interest if payment is made within the 14-day window.
A service fee — typically around 3.5% + applicable taxes — is applied at booking.turn0search1turn0search3

🎯 Key Benefits

Tatkal Advantage: Eliminates OTP delays during payment—crucial for Tatkal bookings.turn0search4turn0search3
Fast Transactions: Avoids entering bank or card details at checkout, speeding up the booking process.
Short-Term Credit: Allows you to travel now and pay later (within 14–15 days) without interest.

⚠️ Things to Watch Out For

💸 Additional Fees:

A service charge (~3.5%) is added. Confirm at the checkout screen.turn0search1turn0search3turn0search10

🧾 Reliability:

IRCTC wallet usage has been inconsistent—users have reported failed bookings, delayed OTPs, and no refunds of wallet funds. Better to use ePayLater or UPI/net banking instead.turn0reddit15turn0reddit17turn0reddit21
Payment gateways may default to costlier options. Reddit users advise choosing UPI (e.g., BHIM) manually for lower fees.turn0reddit20turn0reddit16

🧾 New Regulations:

From July 1, 2025, Aadhaar-linked IRCTC accounts will be mandatory for booking Tatkal tickets. After July 15, Aadhaar-based OTP authentication will be activated for added security.turn0news14turn0news13

📋 Quick Comparison Table

Feature	Details
Service Name	ePayLater / Travel Now Pay Later (TNPL)
Applicable For	Regular + Tatkal bookings
Payment Window	14–15 days after booking
Service Fee	~3.5% + GST of fare
Security Advantage	No OTP delay at checkout; useful in high-volume bookings
Limitations	Extra convenience fee; requires registration
Refund Policy	Standard IRCTC rules apply (service fee non-refundable)

💡 Pro Tips

Register ePayLater or CASHe account well before Tatkal opening time.
For urgent bookings, opt for UPI (BHIM, PhonePe, PayTM) over card/net banking to avoid extra gateway charges.turn0reddit20turn0reddit16
Make sure IRCTC account is Aadhaar-linked before July 2025 if you plan to book Tatkal.turn0news14turn0news13

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