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