The 2 per cent passenger fare hike, second time in a year, would be affected from October 7, while a similar hike of about 1.7 per cent in freight would be affected from October 10 under the FAC.
Railways had earlier effected the FAC-linked freight tariff increase by 5.7 per cent in April, followed by the busy season charge by 15 per cent from October 1.
In the passenger service, Railways had increased the fare by about 15 per cent on January 22 before the Rail Budget 2013-14.
The hike in passenger and freight tariff would help Railways mop up about Rs 1,250 crore in the last six months of the current fiscal, the official said.
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