Railways to launch its own debit card for cashless payments

The Indian Railways will soon launch its own debit card in association with State Bank of India (SBI) and Indian Railway Catering and Tourism Corporation (IRCTC) to promote cashless payments, reports said. It reportedly will organise a monthly lottery and give 100% cashback to 10 winning passengers. The decision comes in the wake of IRCTC losing ₹600 crore post demonetisation.