Railways to introduce surge pricing system for Rajdhani, Duronto and Shatabdi trains

Passengers travelling by Rajdhani, Shatadbi and Duronto trains will have to shell out between 10 and 50 per cent more under a dynamic surge pricing system to be introduced from 9 September, aimed at raking in Rs 500 crore more during the current financial year.

PTI September 07, 2016 22:18:12 IST
Railways to introduce surge pricing system for Rajdhani, Duronto and Shatabdi trains

New Delhi: Passengers travelling by Rajdhani, Shatadbi and Duronto trains will have to shell out between 10 and 50 per cent more under a dynamic surge pricing system to be introduced from 9 September, aimed at raking in Rs 500 crore more during the current financial year.

Railways to introduce surge pricing system for Rajdhani Duronto and Shatabdi trains

Representational image. AFP

While 10 per cent of the seats will be sold in the normal fare in the beginning, it will go on increasing by 10 per cent with every 10 per cent of berths sold with a ceilingof 50 per cent.

Modelled on the dynamic fare system in vogue in the aviation sector, the flexi fare system will be introduced on experimental basis in II AC, III AC, Chair Car in the three trains besides Sleeper class in Duronto trains. First Ac and Executive Class have been kept out of the new system of the already prevailing high tariffs.

The base fare for the three premium trains will be on flexi fare system, Railway Board Member Mohd Jamshed told PTI.

There are total 42 Rajdhani trains, 46 Shatabdi and 54 Duronto trains and railways expect to garner about Rs 500 crore from the new fare structure in these trains.

The passenger revenue target for the current fiscal is Rs 51,000 crore as against Rs 45,000 crore in the last fiscal, an increase of Rs 6000 cr for 2016-17.

"We are introducing the flexi fare system which is dynamic in nature in these trains on an experimental basis and it will be reviewed after 3/4 months," Jamshed said, adding "It will also act as a measure against touts."

For II AC and Chair Car, the maximum hike will be 50 per cent while for III AC, it will be 40 per cent.

He said basically the hike is about one and a half times more in the flexi system.

Other supplementary charges like reservation charges, superfast charge, catering charges, service tax as applicable shall remain unchanged.

For example, the New Delhi-Mumbai 3AC fare in Mumbai Rajdhani, which is Rs 1628 as base fare will be Rs 1791 with 10 pere cent increase and it will go upto Rs 2279 with maximum 50 per cent increase.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

IRFC IPO hit markets today, Indigo Paints subscription to open on 20 January; aim to raise over Rs 5,800 crore
Business

IRFC IPO hit markets today, Indigo Paints subscription to open on 20 January; aim to raise over Rs 5,800 crore

IRFC IPO comprises up to 178.2 crore shares, comprising a fresh issue of up to 118.8 crore and offer-for-sale of up to 59.4 crore shares by the government

Railways extends time to claim refund for cancelled trains from March to June 2020 by 9 months
India

Railways extends time to claim refund for cancelled trains from March to June 2020 by 9 months

The ministry had earlier extended the facility to cancel tickets and avail a refund to six months when the COVID-19 pandemic had led to the cancellation of all regular trains