e-wallet scheme has been launched by Indian Railways Catering and Tourism Corporation (IRCTC), a public sector undertaking of the Ministry of railways, to make the payment process fast and to reduce transaction failures due to bank payment related problems.
Under this scheme, user can deposit money in advance with IRCTC which can be used as a payment option along with other payment options available on IRCTC website for paying money at the time of booking tickets.
There is no difference between e-tickets booked through e-wallet scheme or those booked through other payment options available on IRCTC website. Names of all the passengers booked on a fully waitlisted e-ticket are dropped at the time of preparation of reservation charts and fare is refunded automatically.
This scheme is available for PAN verified user only.