The association's spokesperson Debasis Nayak, after a general body meeting of the union, informed about the decision.
As the government has accepted all our demands and assured us to take necessary steps, the association has decided to call off the stir, said Nayak.
The private bus owners had been demanding toll exemption, clarity on route map of JNNURM city buses and also rollback of hike in motor vehicle tax among others.
Buses were off roads since 6 AM today due to the strike.
According to the spokesperson of the association, the decision of bus operators to uphold their call for an indefinite strike was taken at the executive committee meeting soon after discussions with the government failed.
Buses run by private operators will stop plying from 6 AM tomorrow, however, school and town buses have been kept out of the purview of the bandh.
President of the association Prakash Mishra on March 9 had informed about the decision alleging that the state government has turned a blind eye towards their demands.
The private bus owners have been demanding toll exemption, clarity on route map of JNNURM city buses and also rollback of hike in motor vehicle tax among others. However, the government has not kept its words despite assurances, the bus owners alleged.