Digital Banking

  1. Digital Banking

POS (POINT OF SALE)

PoS or simply Swipe Machine is a technological instrument provided to a Merchant establishment to carry out the sale of goods or services to customers in a cashless environment. All the customer has to do is swipe his/her Debit or Credit Card.

 

Features

  • Device is small and light weighted. Simple and easy to use
  • Facilitates payment for goods and services purchased using cards.
  • Acceptance of All Domestic and International Master/ VISA/ Rupay/ Diner/Discover/Amex, Debit and Credit Cards
  • Hassle free documentation
  • Merchant can verify/extract the details of the transactions from device itself.
 

Eligibility

The merchant should have a business account with a branch of the bank with a satisfactory account operation.

 

Monthly Rental Charges: 

Monthly rental for all merchants has been reduced to Rs.300 + GST

 

MDR Charges

Sr. No.

Card Type

MDR Charges for all POS transactions*

Small Merchants

Other Merchants

1

Credit Cards

1.50 %

1.50 %

2

Visa / Master Debit Cards

0.40%

0.90 %

3

RuPay Debit Cards

NIL

NIL

Small Merchants: with turnover upto ₹ 20 lakh during the previous financial year

Other Merchants: with turnover above ₹ 20 lakh during the previous financial year          

*Exclusive of GST

 

Cash Back Offer

Cash back offer has been introduced for the POS merchants based upon the POS transactions per month

Sr. No.

Total monthly POS credit amount

Cash Back Amount

1

25,000 to 50,000

25.00

2

50,001 to 1,00,000

50.00

3

1,00,000 above

75.00

 

How to Apply

For applying, merchant establishment is required to process application from concerned branch of the bank where the merchant has the business account

 

Support Services

For any information/enquiries, please Help desk at 7051510170, 7051510173 or mail on [email protected] or [email protected]

Merchant Relationship Form