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
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.
