IRCTC Payment Gateway Data: 34% Failed NetBanking Transactions (May2012)

We have been covering the IRCTC Payment Gateway for some time now. Unlike April 2012 which saw 12.95 million transactions May 2012 saw 13.5 million transactions. This increase can be attributed to the summer vacations and hike in tourist tours. Of this only 71 per cent were successful but it is surely more than the recorded 61 per cent in April 2012.

IRCTC Transaction Data

IRCTC Transaction Data

Let’s take a quick snapshot for the month of May 2012.

- 71 per cent success rate in credit/debit card transaction, led by AMEX payment gateway (83.05%)

- Only 66 per cent success rate in netbanking/debit card transaction. HDFC and IDBI Bank lead the chart with 69.23 per cent and 59.63 per cent respectively. They are closely followed by Corporation Bank, IndusInd and Federal Bank.

- As far as cash cards are concerned, the overall transaction rate was 87 per cent.

» More IRCTC Data.