POS (Point of Sale) Machine

As part of our commitment to promoting digital transactions, the Bank offers Point of Sale (PoS) facilities in association with our Sponsor Bank. The PoS facility enables merchants to accept card payments conveniently and securely.

Key Features of PoS Facility

  • PoS devices are equipped with printing facilities, enabling merchants to provide transaction receipts to customers immediately after each transaction.
  • Merchant Establishments (MEs) are not required to bear the device cost. Instead, a monthly rental charge is applicable.
  • The current rental charge for a PoS device is ₹600 + GST (18%) per month. The rent will be recovered centrally.
  • Supports all major Debit and Credit Cards including RuPay, VISA, MasterCard and other card networks.
  • Settlement of single card transaction amounts below ₹1 lakh will be credited to the Merchant's account on T+1 day. If T+1 falls on a holiday, settlement will be processed on the next working day.

Merchant Discount Rate (MDR)

Card Variant Transaction Value MDR Charges
Debit Card Up to ₹2,000 0.40%
Above ₹2,000 0.90%
Classic Credit Card - 1.50%
Premium Credit Card - 2.25%
Super Premium Credit Card - 2.50%
International Debit & Credit Cards - 3.00%

How to Apply?

  1. Visit your Home Branch.
  2. Submit the PoS application form along with the required documents.
  3. PoS Device will be provided within 15 days of approval.

Who Can Apply?

  • Shops & Retailers
  • Hotels & Restaurants
  • Hospitals & Clinics
  • Service Providers
  • Other Eligible Merchant Establishments

For further details, please contact your Home Branch.

Go Digital. Grow Faster. Serve Better.