The bank will refund the money after due verification. In such occurrences, IRCTC doesn’t receive any amount due to the settlement failure. In case there is a system or network failure at banks end or at the payment gateway before remitting ticket booking amount to IRCTC may form a situation of ‘settlement failed and ticket not booked’. Pending purchases may not automatically be deducted from your account balance, but the funds should eventually settle. So it could be useful to know when and how they affect your bank or credit card account. However, the bank may take 2 to 3 days to credit back the amount in the bank account through which booking was done.Ģ. Anyone with a bank account or credit card could encounter pending transactions. In this case, IRCTC reverses the amount which is credited back on the next day to the respective bank. If a passenger has opted for a particular berth at the time of booking and ticket not booked due to the choice of berth not available or due to the failure in the network may create a situation of ‘payment settled but ticket not booked’.

Which implies that the failure in any transaction can arise due to any of the aforementioned factors or due to the occurrence of more than one shortcoming at a time.įollowing such instances, there might be a situation with the user when the money gets debited from the bank account but ticket not booked due to the possibilities such as payment settled but ticket not booked or settlement failed and ticket not booked.ġ. Any failure or delay in this complex network may cause transaction failure before completion, IRCTC said. According to IRCTC, the online payment at IRCTC involves a complex system of technical and telecommunication networking integration between customer’s Internet bandwidth, IT systems of banks and payment gateways and is dependent on internet connectivity across various constituents.

Transaction pending but money deducted