Finance Minister announce Incentives for Using Cards for transactions

Finance Minister Mr.Arun Jaitley announced  incentives for using cards in various transactions. Here are few announcements made by him:

  1. A reduction of 0.75% will be given for buying Petrol & Diesel in digital mode
  2. Monthly, seasonal suburban railwaytickets purchased through digital mode to get 0.5% discount effective Jan 1
  3. Insurance cover worth Rs 10 lakh for those who book railwaytickets online
  4. Payments through digital mode for railways catering, accommodation, retiring room to get 5% discount
  5. Buying general, life insurancepolicies from PSU insurers’ websites and premium to get 10% and 8% discount, respectively
  6. Govt to expedite digital switchover; 2 POS machines will be given to villages with 10K population, 1 lakh villages to be selected
  7. 10% discount on digital payments for RFID or fastags for highway toll
  8. Digital transactions of up to Rs 2,000 will be exempted from service tax
  9. NABARD will give Rupay card to people who have Kisan Credit Card
  10. Railways to give 5% discount on catering, retiring room on payment by digital mode
Finance Minister announce Incentives for Using Cards for transactions

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