Train Tickets To Get Cheaper After Railways Set To Rejig Flexi-fare Scheme

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Indian Railways in a bid to make train ticket prices more competitive and increase revenue is planning a massive rejig of its flexi-fare scheme, introduced in September 2016.

    Train Tickets To Get Cheaper After Railways Set To Rejig Flexi-fare Scheme
     

    Under the plan, the behemoth looks to dilute flexi-fare scheme by scrapping the dynamic pricing model for one-third of the premium trains covered under the scheme. Notably, the flexi-fare scheme was introduced for premium category super-fast trains that include 44 Rajdhani, 46 Shatabdi and 52 Duronto trains.

    As per the flexi-fare scheme rules, train tariffs or fare go higher by 10% after reservation on 10% of the berths or seats is made. Further, there is a tariff cap of 140% for AC-III tier class while for all other classes of travel, the cap is pegged at 150% except for executive Chair car and AC First. So, soon after the flexi-fare scheme by Indian Railways came into force, it became cheaper to travel by air on some of the routes.

    In accordance with the leading daily report, flexi-fare scheme will be scrapped for some 40 trains while for remaining 102 trains covered under the scheme, the national transporter may provide up to 50% rebate on last-minute booking. The condition will apply for up to 4 days before the scheduled departure of the train. Also the report added that for trains with low occupancy, a graded discount scheme may be introduced.

    The leading daily report suggests that the railway board has sent final recommendations pertaining to flexi-fare scheme to Railways Minister Piyush Goyal. And in accordance with the sources final clearance by the ministry is awaited.

    Goodreturns.in

    Read more about: railways
    Story first published: Friday, September 14, 2018, 14:53 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more