Cashless Payment Benefits Announced By Modi Govt| Digital Payment Discounts

Cashless Payment Benefits Announced By Modi Govt| Digital Payment Discounts

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Cashless Payment Benefits Announced By Modi Govt

Cashless Payment Benefits Announced By Modi GovtCheck out all the Cashless Payment Benefits Announced By Modi Govt. As we all know that, our Prime Minister Shri Narendra Modi Ji has taken the decision of invalidating the existing Rs. 500 and Rs. 1000 Notes that is effect from 9th November 2016.

Some of the government parties and Indian citizen are still against the digital transactions from cash transactions In India. Cashless payments are totally safe and now you can avail Digital Payment Discounts on purchasing fuel, getting railway tickets and many more.

People who have never made digital transactions or never used any payment application need not be afraid because many more Cashless Payment Benefits announced by Modi Govt, Digital Payment Discounts.

Motive of starting Cashless Payment is that government wants to stop the flow of black money and helps poor across India. You’re advised that, must scroll down this page and get all updates regarding it.

Cashless Payment Benefits Announced By Modi Govt

                    Heavy Discounts On Petrol, Diesel & Railway Tickets
  • 0.75% discount on digital purchases of petrol and diesel from state-owned outlets. The move is expected to reduce cash requirement by Rs 2 trillion.
  • 5% discount for digital purchase of monthly and seasonal tickets for suburban rail travel. This is projected to bring cash requirement down from Rs. 2,000 crore to Rs 1,000 Crore.

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  • Monthly rental on 650,000 point of service (PoS) terminals provided by state-owned banks capped at Rs 100.
  • Online purchases of rail tickets to come with a free accident insurance cover of Rs. 10 Lakh. The share of online transactions expected to increase to 78% from 58%.

Cashless Payment Benefits Announced By Modi Govt

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Major Benefits For The Common People
  • Kisan credit card holders to get Rupay Kisan cards.
  • Villages with population of less than 10,000 to get two PoS machine each. There are 100.000 such villages, with a total population of 750 million.
  • No service tax on digital transaction charges for transactions up to Rs 2000.

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  • Customers not to bear burden of transaction fee and MDR for payments made to central government departments Pubilc sector firms.
  • State-Owned insurers to give 10% discount on online purchase of general Insurance policy, 8% discount for life Insurance policy.
  • 10% discount on toll payments using RFID card and fast ram.
  • 5% off on digital payments to railways for catering, accommodation, etc,

Cashless Payment Benefits Announced By Modi Govt

Always keep in mind that, there is no end date (as of now) for these incentives, which will be informed over the next few days and cost of these incentives will be abode by the owned government departments. Modi Govt has jumped in to help you as you will get heavy rebates and discounts on every cashless transaction done.

Above listed Cashless Payment Advantages has been announced on on Thursday at a press conference by Finance Minister Mr. Arun Jaitley and these Cashless System Benefits is set to take effect immediately.

Special Incentives To Encourage Digital Payment

Digital Payment Benefits

1

Discount On Petroleum

Discount On Petroleum

Concession By Public Sector Banks

5

Free Accidental Insurance

6

Exemption On Railway Tickets

2

Discount By Banks

3

Start Paying Online!

Go Cashless!!! Be Cashless!!!

Indians, if you want to tame black money then you must follow Cashless Payment option and it is a big opportunity for us to promote it. So if you think, it is right then follows it and promotes it also. Thank You.    

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