What is Getting Cheaper with Digital Transactions – Demonetization
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“Today its one month since PM announced demonetization decision and in last 30 days we have seen major changes in economy,” said Jaitley while talking to media.
What is Getting Cheaper with Digital Transactions?
- 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.
- 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.
- PSBs to ensure that merchants should not be required to pay more than Rs. 100/month as monthly rental for PoS terminals/Micro ATMs/mobilePoS
- Public Sector Insurance companies to provide incentive on digital payment of premium for new policies sold through their customer portals
- Govt. will support RRBs and Cooperative Banks through NABARD to issue “Rupay Kisan Cards” to 4.32 crore Kisan Credit Card holders
- 1 Lakh villages with population less than 10,000 to get 2 PoS machines free of cost, supported through financial inclusion fund.
