Latest Annual Automatic Fare Revision Formula News & Updates

Bangalore Metro Rail Increases Fare by 5% from February 9

By

Bengaluru, Feb 5 (IANS) Bangalore Metro Rail Corporation Limited (BMRCL) on Thursday officially hiked fare by five per cent, and the revised rates will come into effect from February 9.BMRCL Public Relations Officer B.L. Yashwant Chauhan stated, “As per the Fare Fixation Committee, every year, according to a formula, the calculation is made on a percentage. A maximum of 5 per cent and a minimum of 4 per cent hike is made. When the calculations are made, a 10 per cent hike is required. As it can’…