PQWL is Pooled Quota Wait List. Once the confirmed berth, and RAC berths in a train are exhausted, the railway system start the issuing the Waiting-list berths to passengers. Below are most common types of Waiting Lists: GNWL: General Waiting List.
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During confirmation of Waitlist RLWL or PQWL gets confirmed after general waiting list. You can board the reserved compartment with a RAC ticket. You will be provided with sitting accommodation initially and allotted a berth in case of vacant berth being available, according to priority.
If you have a PQWL ticket, it means you are on the waiting list for a specific quota. Whether you can travel or not depends on whether your ticket gets confirmed before the journey date. If your ticket is not confirmed, you may not be allowed to board the train.
Once the tickets from the Pooled Quota is filled, PQWL tickets are issued. Chances of PQWL tickets getting confirmed are usually very low, as in the priority list of waiting list tickets it comes after GNWL.
Chances are very less as i have my own experiece with pool quote waiting list aka pqwl. Its very rare to see this get confirmed. It also depends on the route you are travelling,the season and the class. You can try confirmtkt website to check the confirmation chances.
You can cancel a PQWL ticket, but you don't have to. If it was purchased online, and remained waiting at the time of charting, your refund will be automatically credited to your account in 3–4 days.
All types of waiting lists are WL. GNWL is the best. You will get into it if you book from the starting station, or from a few particular 'charting' stations en-route. PQWL is a special type of WL which combines short journey spans on a longer route.
IRCTC Refund Rules of Waitlist TicketsAs per IRCTC refund rules, if you have a Waitlisted e-Ticket (GNWL, RLWL, or PQWL) and its status remains the same even after the chart has been made, you will be refunded the fare automatically by IRCTC after deducting applicable fees.
PQWL - Pooled Quota Waiting List means your travel starts from any intermediate station to the final destination or, Source station till any of the intermediate station or, any two intermediate stations of the train journey. Here in this case PQWL 5 was the Waiting list count of the ticket for which you have booked.