New Delhi, Mar 22: Indian Railways on Wednesday said that they have registered a gain of Rs 28.98 crore due to a 35 per cent rise in the number of senior citizens who have given up their concessional value subsidy. Railways said that between July 2017 and February 2018, 17.63 lakh senior citizens gave up the concessional value of passenger fare subsidy. (Also Read: IRCTC Introduces Point of Sale Machines For Billing on Board Trains, Available on SBC-NDLS Karnataka Express on Pilot Basis) Also Read - 7th Pay Commission Latest News: Centre Takes Big Step For Railway Employees on Night Duty Allowance | Details Here

The option for giving up of 100 per cent concession in passenger fare for senior citizens was already available. Starting July 22, 2017, senior citizens were given the option to avail either the full concession provided to them on rail tickets or half of it. Railways said that till February 22, 2018,  9.08 lakh senior citizens gave up 100 per cent of their concessional value whereas 8.55 lakh senior citizens gave up 50 per cent of concessional value of passenger fare. Also Read - IRCTC Latest News: Indian Railways to Resume Services of Shatabdi, Duronto Express From April 10 | Check Complete List Here

Male senior citizens get 40 per cent while women get 50 per cent concession on the total fare on rail tickets by Indian Railways. Also Read - Lucknow-New Delhi Tejas Express Train Operations To Remain Suspended From Friday Till Further Advice