#Digital Payment #Ewallet

Incentives to Promote Digital Payment

  • 1 lakh Villages to be provided with 2 PoS machines
  • Regional Rural Banks & Cooperative Banks to issue 4.32 crore “Rupay Kisan Cards”
  • 10% discounts at fuel purchase, highway tolls, rail tickets and insurance premiums 
  • No service tax on all digital transaction upto Rs. 2000
  • PSBs advised to reduce PoS rentals to Rs. 100 per month
  • Free accident insurance cover of up to Rs. 10 lakh for online rail tickets
  • No transaction fees for payments made through digital means by Central Government Departments and PSUs