IRCTC EMI Option Explained: Book Train Tickets and Pay in EMI

Q: What is the EMI option in IRCTC?

The EMI option on IRCTC allows passengers to book train tickets instantly and pay the fare in monthly installments instead of paying the full amount upfront. IRCTC has partnered with CASHe EMI and Bajaj Finserv EMI to provide this facility.

Q: What is the minimum ticket amount required for EMI payment on IRCTC?

Usually, the minimum ticket fare should be ₹1,000 or more to be eligible for EMI. Smaller ticket values may not show the EMI payment option.

Q: Is there any interest or processing fee on IRCTC EMI bookings?

Yes, depending on your credit score and EMI plan, a small processing fee (₹100–₹250) and interest (0%–24%) may apply. Some users with good credit profiles may qualify for no-cost EMI offers.

Q: Is it safe to use EMI option on IRCTC?

Yes. The EMI feature is provided by RBI-approved financial partners , and payments are made through secure, encrypted gateways . Both CASHe and Bajaj Finserv are trusted fintech brands in India.

Q: What happens if I cancel my train ticket booked with EMI?

If you cancel an EMI-booked ticket, the refund is processed to the EMI partner , not directly to your bank account. The EMI provider will adjust or close the loan depending on your refund amount and tenure.

Q: Will using the EMI option affect my credit score?

Paying EMIs on time helps improve your credit score. But if you miss or delay payments , it may have a negative impact on your credit history. Always pay your installments on time.

Q: Which is better — EMI or normal payment?

If you can afford the ticket now, pay directly to avoid extra charges . But if you want flexibility or need to book urgently, the EMI option is a great choice to spread payments without delaying your travel.

Q: Which is better — EMI or normal payment?

If you can afford the ticket now, pay directly to avoid extra charges . But if you want flexibility or need to book urgently, the EMI option is a great choice to spread payments without delaying your travel.

No Money to Book Train Tickets? No Problem. Use IRCTC EMI Option.

If you’ve ever wanted to book a train ticket but didn’t have enough balance in your bank account, the IRCTC EMI Option can make your life easier. This new feature allows you to book your train tickets instantly and pay the fare later in small monthly installments.

Let’s break it down in simple words — no confusing terms, no complicated finance talk.

What Is the IRCTC EMI Option?

The IRCTC EMI option is a new payment feature on the official IRCTC website and app. It allows passengers to pay for their train tickets in easy monthly installments (EMIs) instead of paying the full amount upfront.

For example:

If your ticket costs ₹3,000, you don’t need to pay all ₹3,000 right away. You can choose to pay ₹1,000 each month for 3 months (depending on your EMI plan).

Why IRCTC Introduced This Option?

Many people in India book train tickets for family trips, office travel, or emergency journeys. Sometimes the fare is high, especially for long routes or Tatkal bookings.

To help passengers who can’t pay the entire amount immediately, IRCTC added the EMI payment option in partnership with CASHe and Bajaj Finserv.

This feature gives passengers financial flexibility and helps them book tickets without worrying about immediate payments.

Where You can Find the EMI Option on IRCTC?

You can see the EMI option when you reach the payment page while booking your train ticket.

Just follow these steps:

Visit IRCTC’s official website or open the IRCTC Rail Connect App.
Log in with your IRCTC ID.
Choose your train, date, and class.
On the payment page, scroll down to Payment Methods.
Click on EMI — you will two see options:
- CASHe EMI
- Bajaj Finserv EMI
Select your preferred provider.
Complete quick verification using your mobile number, PAN, or Aadhaar.
Once approved, your ticket gets booked instantly, and you pay the EMI later as per your chosen plan.

Example to Understand Easily

Let’s say:

You’re booking a train ticket from Delhi to Chennai.
Total fare = ₹4,000.
You choose CASHe EMI – 3 months plan.

You’ll pay ₹1,333 every month for 3 months (plus a small processing fee).

Simple, right? You travel now and pay later in small parts.

IRCTC EMI Charges and Interest Details

Of course, EMI means you’re taking a small credit. So, there will be a processing fee or small interest depending on the provider.

EMI Partner	Tenure Options	Typical Interest	Processing Fee
CASHe EMI	3 / 6 / 9 months	0% – 24% (based on your credit score)	₹100 – ₹200
Bajaj Finserv EMI	3 / 6 / 9 months	May offer 0% EMI for select users	₹0 – ₹250

If your credit score is good, you may even get a no-cost EMI offer.

Who Can Use the IRCTC EMI Option?

You must meet some basic conditions:

Be 18 years or older.
Have a valid PAN and Aadhaar.
Use a verified IRCTC account.
Have a minimum booking amount (usually ₹1,000 or more).
Have an active credit card or account with CASHe or Bajaj Finserv.

Benefits of IRCTC EMI Option

Here’s why the EMI option is useful:

Instant Booking – You can confirm your ticket even if you don’t have full money.
Flexible Payments – Pay in 3, 6, or 9 monthly installments.
Low Processing Fee – Small extra charge for convenience.
Perfect for Family Trips – Ideal when booking multiple tickets.
No More Payment Stress – Manage your cash flow easily.

Important Things to Know

EMI plans are handled by third-party partners like CASHe or Bajaj Finserv, not IRCTC directly.
Refunds (in case of ticket cancellation) go back to the EMI provider, not your bank account.
Interest and charges vary for each user depending on credit score.
Delayed EMI payments can affect your credit score.
EMI option may not be available for all bookings (especially some Tatkal or short-distance trains).

Is It Safe?

Yes.

IRCTC only partners with trusted RBI-regulated financial institutions like CASHe and Bajaj Finserv.
Your payment and data are encrypted and secure through official channels.

Summary Table

Feature	Details
Service Name	IRCTC EMI Option
Type	Book Now, Pay in Installments
Partners	CASHe EMI, Bajaj Finserv EMI
Tenure	3 / 6 / 9 Months
Interest / Fees	0% – 24% + ₹100–₹250
Refund Policy	Refund goes to EMI provider
Availability	Select users and train types
Ideal For	High-value or family ticket bookings

Final Takeaway

The IRCTC EMI option is a smart and safe feature for travelers who want to book now and pay later. Whether you’re planning a family trip, office journey, or emergency travel, this option gives you the freedom to manage your money better while keeping your travel plans on track.

Planning a trip with Indian Railways?

Use our IRCTC Ticket Booking Calculator and Reminder to find the exact date when booking opens for your train journey.

IRCTC Ticket Booking Calculator

FAQs About IRCTC EMI Option

What is the EMI option in IRCTC?

The EMI option on IRCTC allows passengers to book train tickets instantly and pay the fare in monthly installments instead of paying the full amount upfront. IRCTC has partnered with CASHe EMI and Bajaj Finserv EMI to provide this facility.

How can I use the EMI option while booking tickets on IRCTC?

When you reach the payment page during ticket booking, scroll to the “EMI” section. Choose either CASHe EMI or Bajaj Finserv EMI, complete the quick verification process (via mobile, PAN, or Aadhaar), and confirm your booking. Your ticket gets booked immediately, and you can pay in easy EMIs later.

What is the minimum ticket amount required for EMI payment on IRCTC?

Usually, the minimum ticket fare should be ₹1,000 or more to be eligible for EMI. Smaller ticket values may not show the EMI payment option.

Which EMI partners are available on IRCTC?

As of 2025, IRCTC offers EMI payments through two official partners:
CASHe EMI
Bajaj Finserv EMI
These partners handle the credit approval and EMI schedule for passengers.

Is there any interest or processing fee on IRCTC EMI bookings?

Yes, depending on your credit score and EMI plan, a small processing fee (₹100–₹250) and interest (0%–24%) may apply. Some users with good credit profiles may qualify for no-cost EMI offers.

Is it safe to use EMI option on IRCTC?

Yes. The EMI feature is provided by RBI-approved financial partners, and payments are made through secure, encrypted gateways. Both CASHe and Bajaj Finserv are trusted fintech brands in India.

What happens if I cancel my train ticket booked with EMI?

If you cancel an EMI-booked ticket, the refund is processed to the EMI partner, not directly to your bank account. The EMI provider will adjust or close the loan depending on your refund amount and tenure.

Will using the EMI option affect my credit score?

Paying EMIs on time helps improve your credit score. But if you miss or delay payments, it may have a negative impact on your credit history. Always pay your installments on time.

Which is better — EMI or normal payment?

If you can afford the ticket now, pay directly to avoid extra charges. But if you want flexibility or need to book urgently, the EMI option is a great choice to spread payments without delaying your travel.