Press Information Bureau
Government of India
Ministry of Railways
24-June-2014 21:24 IST
Ministry of Railway modifies the passenger fare revision circular in connection with Monthly Season Tickets (MST) and second class suburban fare
The circular for revision of passenger fares issued by Ministry of Railways that was to come into effect from 25.6.2014 had among other things made a change in the way the fare for monthly season tickets (MSTs) was to be calculated. In the existing system, the MST is 17-15 times the value of a single journey ticket for the same distance slab whereas the circular indicated that MSR fare would be now equivalent to 30 single journey fare for the same distance slab. Inclusive of the 10% fare hike and 4.2% FAC, the new MST fares ranged 1.7 times to 3.5 times of the old MST fare. Despite the fact that MSTs are highly subsidized, Ministry of Railway has now decided to modify the fair revision circular and hence a decision has been taken to increase the cost of existing MST fare by only 14.2% inclusive of FAC, i.e., the Monthly Season Tickets for both suburban and non-suburban shall now be charged at 14.2% over the existing rates rounded off as per extant instructions.
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