You must have at some point of time booked a train ticket and canceled it, in such a situation you must have had to pay cancellation charge on that ticket, in such a situation the question often comes up that when the Railways charges the cancellation charge of the ticket, then it is How much would he earn in a year from this charge? So let us know today.
How much does Railways collect from ticket cancellation in a year?
Railways is the biggest source of income for the government. Both the budget and earnings of Railways are in thousands of crores of rupees. Railways not only takes the money for traveling from the passengers, but many times the passengers also get the tickets canceled. In such a situation, they also have to pay a certain amount.
You will be surprised to know that out of total 17 zones of the country, only North Western Railway has earned Rs 111 crore from ticket cancellation till March 20 this year. In such a situation, you can guess how much the Railways would be earning from a total of 17 zones.
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It is not that if you are not travelling, the Railways keeps that seat vacant, but the seat which is vacant, the Railways immediately fills that seat with someone else. Confirms the passenger’s reservation. That is, in this situation, the railway earns money on a seat in two ways, first by collecting cancellation charges from the passenger and second by booking the ticket of another passenger on that seat. Many times the Railways also cancels the train due to some reasons, for which it refunds the money to the passengers within 6 to 7 days. Many times a passenger books a ticket but his reservation is not confirmed, at that time also the same action is taken.
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