Be it an article you were reading, a product you were exploring or a journey you left unfinished, starting from where you left off is simpler than you can imagine. Just register for ‘Everything Me’ using any of your social media accounts and you are all set.
Please note, this is a soft login and no personal financial data will be saved here for security reasons.
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Make your Point of Sale a Point of Difference with our PoS Solution. It provides accurate and quick transactions at the counter. Choose what works best for you - wired Card Swipe Machine (EDC/POS) or Wireless Card Swipe Machine. Your customers will spend less time at checkout lines and won’t have to worry about carrying cash or change.
Freedom from cash management costs in a safe and secure manner
Daily Transaction Reports
On-site Merchant Training
Instant Payment Receipts
Loan available against card receivables
Accepts Visa, MasterCard and RuPay Cards
Our POS terminals have NFC (Tap & Pay), Chip & Pin, and Card Swipe facilities
Every business needs a set of services that form its backbone. Avail these services at special rates negotiated for Kotak Bank only:
The list below is indicative, and based on the availability of the concerned service providers:
For more details click here
You are eligible as a Merchant if you already have a Current Account with the bank. Don't have one? No problem, simply open a Current Account with us to become eligible instantly.
Who can avail these benefits?
Note: Complete Know Your Customer (KYC) needs to be furnished for the opening of Current Account of new customers. In case of non-availability of the above documents, please contact your bank official for a complete list of acceptable documents.
|Annual Maintenance Charges (Per TID)||GPRS||INR 1000|
|Bharat QR||INR 250|
|Transaction Service charges||INR 1 per Txn|
|Late Settlement Charges||INR 350 per late settlement after 2 days|
|Low throughput charges (Not Applicable for Bharat QR)||Nil transction||INR 350 per month|
|Upto INR 10,000 per month||INR 250 per month|
|Between INR 10,000 and INR 25,000 per month||INR 150 per month|
|Lost terminal charges||GPRS||INR 12000|
|Damaged terminal charges||Actual cost of repair + INR 500|
|Application Cancellation charges||INR 1000|
|Chargeback Management Fees||INR 500 per case|
|Deinstallation||INR 3000 if deinstalled within 12 months|
|Paper roll charges||As per actuals|
|Abbreviations Used: TID = Terminal Identification Number, QR = Quick Response, GPRS = General Packet Radio Service, PSTN = Public Switched Telephone Network, txn = transaction, INR = Indian Rupee|
|Charges are exclusive of the Goods and Service Tax (GST).
With effect from July 1, 2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time.
|Charges may vary as per the Banks discretion. All charges are subject to revision with an intimation of 30 days to the Merchant.|
|Services not available at all the locations. Please get in touch with your nearest Kotak Mahindra Bank branch for availability of Merchant Acquiring Services in your location|