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POS Overview
FeaturesFAQs
 
WHAT IS PoS (POINT of SALE) TERMINAL?
 
PoS or Swipe Machine as it is popularly known is a technological instrument provided to a Merchant Establishment (ME) 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, Credit or Prepaid Card.
 
Give your business a professional touch by installing a PoS (Point of Sale) terminal.
 
Features & Benefits:
 
  • Faster application processing and terminal installation.
  • Superior connectivity.
  • Settlements on T+1 basis.
  • Helpdesk with assured TAT.
  • Nominal fee / Monthly charges
  • No hidden charges
  • EMI facility available
  • Bank accepts varieties of cards like Visa, Master, Rupay card and Discovers cards.
 
ELIGIBILITY:
 
  • The merchant should have a current account with a branch of the bank with a satisfactory account operation.
  • The merchant should be in retail/over the counter trade and shall not be in Visa/MasterCard negative list for malpractices.
  • The turnover of the merchant of the merchant through cards should be over Rs. 50000/Month.
  • The merchant shall have a fixed landline connection for Normal EDC Terminal otherwise they will have to apply for GPRS based machine.
 
COMMISSION:
 
  • Commission depends on the turnover of the merchant through cards and this would be quoted after site inspection. However, higher the turnovers lower the commission and vice-versa.
 
HOW TO APPLY:
 
  • It’s a simple process where the merchant has to fill up an enrollment form and enter into an agreement with the bank. This application has to be processed through the bank branch where the merchant has the current account.
 
You can contact your bank branch for further details.
 
TERMS & CONDITIONS:
 
  • As per the Merchant Agreement, Please contact your branch for further details.
 
CONTACT NO.:
 
If you want to know more about POS (Point of Sale) terminals, please contact our 24 x 7 Call Centre
or the following numbers
  • 18602334959 / 022-66864010 Ext No - 1381 and 18602332332/ 022-40426060
I am a contractor and maintain Current Account with your Branch since the Branch was opened.
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