Demonetization effect: 'Aanavandi' to issue prepaid tickets, smart cards next

Currency crunch has some good effects too. The dearth of currency has forced the Kerala Road Transport Corporation (KSRTC) to issue prepaid cards.  The new initiative is part of a plan to shift to smart cards and dump paper tickets. All buses of the KSRTC, popularly known as 'Anavandi',  except the luxury Volvo and Scania buses run by the corporation, would accept the cards. 

KSRTC Managing Director MG Rajamanickam informed that the prepaid cards would be a harbinger of smart cards to be issued shortly. The prepaid cards are expected to increase the revenue of the corporation while helping it tide over the currency crisis that dented collection in the past few weeks.

The prepaid cards worth Rs.1,000, 1,500 and Rs. 3,000 will be issued as early as next week.  The cards worth and Rs.1,000 and Rs.1500 could be used to travel in buses plying with in a district and inter-district respectively. The cards would be valid for a month. Passengers can travel across the state using Rs.3,000 cards while smart card of Rs.5,000 could be used for inter-state travel. 

• Demonetization
• currency crisis
• KSRTC
• Aanavandi
• MG Rajamanickam
• smart cards