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December 08, 2016

Get discounts on fuel, rail tickets, tolls on digital payments

The government on Thursday made petrol and diesel cheaper for those paying digitally and offered up to a 10 percent discount on insurance premium paid through state-owned companies’ online portals, as part of a string of new measures to wean people away from using cash. Finance Minister Arun Jaitley announced the new steps as the government took stock of developments a month after the old Rs 500 and Rs 1,000 notes were demonetised on November 8. Here are the new measures announced on Thursday: Fuel purchases For those paying through cards and e-wallets, petrol and diesel purchases will be cheaper by 0.75 percent Point-of-sale machines The government will provide two Point of Sale (PoS) machines for free to each of the one lakh villages that have a population of upto 10,000. Around 750 million crore people will get access to these machines. Also, fee for PoS devices given by banks will be capped at Rs 100. Currently, there are 6.5 lakh such PoS across the country. Suburban season tickets Seasonal and monthly tickets of suburban railway networks will offer a discount of 0.5 percent if paid digitally. The discounts will start from January 01, 2017 from Mumbai Suburban Railway network Rail ticket incentives Railways passengers who purchase tickets online will be eligible for an accident insurance coverage of Rs 10 Lakh for free. Currently, 58 percent passengers buy tickets online Passengers making payments online will also be eligible for 5 percent discount on accommodation, catering and retiring room at railway stations. Service tax waiver No service tax will be charged on credit and debit card payments on transactions of up to Rs. 2,000. Insurance cover Customers paying payments through online gateways of public sector general insurance companies will be given a 10 percent discount. The discount will be 8 percent for premium made through the portal of Life Insurance Corporation (LIC) Government bodies and central public sector undertakings will not charge a transaction fees for digital payments. Toll plaza sop Highway users will be eligible for a 10 percent discount if tolls are paid through the digital mode People who pay digitally at toll plazas on national highways will get a 10% discount.

Read more at: http://www.moneycontrol.com/news/economy/demonetisation-get-discountsfuel-rail-tickets-tollsdigital-payments_8087501.html?utm_source=ref_article
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