PoS - Merchant Facility

Point of Sale Terminal Service:

Bank is in providing POS services for over 3 years and the business is steadily growing. This is a measure of providing Value Added Service to the merchant community by way of increased turnover through acceptance of cards.

Business Model:

S.No

Description

Particulars *

1

Monthly Rental in case of conventional PoS Machine

Rs.540/-

2

Monthly Rental in case of Cardless PoS Machine

Rs.790/-

3

Merchant Discount Rate

 

 

Debit Card

If Transaction Amount

<= Rs.2000.00

>   Rs.2000.00

 

 

0.75 %

1.00 %

 

Credit Card

Standard Cards

Premium Cards

Super Premium Cards

 

1.70%

2.00%

2.25%

4

Minimum Balance to be maintained

Rs.10,000.00

5

Charges for not maintaining Min. Balance

Rs.250.00

* Service Tax Extra

Basic Savings

Features

No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities

PMJDY

PMJDY

The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.