Updated: December 9, 2016 12:07:09 pm
To promote cashless transaction, Finance Minister Arun Jaitley on Thursday announced various discounts on digital payments on purchase of fuel and train tickets. Suggesting that transaction through cash has economic as well as in-built cost in a democratic set-up, the finance minister said the government is promoting payment by credit, debit cards and e-wallets. Speaking to media on the completion of one month of the demonetisation decision, Jaitley said the country has seen many changes in last mone month. “Today its one month since PM announced demonetisation decision and in last 30 days we have seen major changes in economy,” said Jaitley adding that the aim of demonetisation has been to move towards digital transactions. He also said that the RBI is releasing currency as per schedule.
WATCH VIDEO | Find Out What Gets Cheaper If You Pay By Digital Mode
Here are the major announcements
*Petrol/diesel cheaper for those who pay by digital mode, to get 0.75% discount.
*NABARD will give Rupay card to people who have Kisan Credit Card
*People buying monthly seasonal tickets in the Suburban railway networks through digital payment mode, to get 0.75% discount.This is effective from Jan 1st 2017, starting from the Mumbai suburban railways.
*Insurance cover worth Rs.10 lakhs for those who book Railway tickets through digital mode.
* 5% discount on digital payment mode for railway facilities like catering, retiring rooms.
* Two POS machines will be given to villages with 10K population, 1 lakh villages to be selected.
*10% discount on RFID and FASTag procured through digital payments at toll plazas across all national highways.
*Buying general, life insurance policies from PSU insurers’ websites and premium to get 10% and 8% discount, respectively.
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