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Point Of Sale (POS)

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.