Paytm in Refund Status even payment done by Card/Net Banking?
Still Waiting for IRCTC Refund Shown PaytmAG Help?
Kindly note that the amount will be refunded in the same account from which you had made the payment. If your account has been closed then IRCTC will get the confirmation from the respective bank and then only they will process the case accordingly.
Many Users ask They Booked ticket using Banking/Debit/Credit Cards but still in refund status found Paytmag Why?
While Booking Tickets User Select First Payment Option Multiple Payment Service Powered by Paytm for easily understand see the below Picture.
If you have booked your ticket electronically and payed through paytm/Powered by Paytm (Above Payment Option) and it is cancelled due to any reason, the refund money first gets credited in paytm’s virtual bank “PAYTMAG” (which is going to be commercially launched in the near future may be only for e-transactions). What happens is that, the account from where the payment has been made is identified correctly and then credited.
Usually amount get credited to your account in 4 to 7 days. If it did not happen you have to contact IRCTC prefer via registered Email ID with transaction reference numbers.
Paytm Payments Bank Launched Today 23rd May 2017.