Demonetisation: FM Arun Jaitley Announces Incentives For Using Digital Payment Platforms

# Railway tickets booked online will get 10 lakhs insurance cover free (Currently charge of Rs.0.92 per person will be waived if made digital payments).

# One lakh villages with population less than 10,000 to get 2 PoS machines free, supported through financial inclusion fund.

# Govt will support RRBs, Cooperative Banks through NABARD to issue “Rupay Kisan Cards” to 4.32 cr Kisan Credit Card holders.

# Monthly and seasonal tickets for suburban railways to offer 0.5% discount on digital payments.

# This is effective from Jan 1, 2017, starting from the Mumbai suburban railways.

# Railways to provide a discount of 5% for digital payment of paid services offered through its affiliates.

# General insurance or Life insurance bought online and paid by Digital payment platforms will get discount of 10% and 8% respectively.

# Petrol diesel cheaper by 0.75% , if payment made through digital platforms.