Features

Point of Sale (POS)
machine

Point Of Sale (POS) Machine

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

Quick Installation

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

Disclaimer:

^ Waiver of rental up to Rs 600/- per Quarter per account is subject to maintenance of Rs 1 lakh of AQB (Average quarterly balance) and monthly effective rental equal to or above Rs. 400 (excluding GST) per terminal per month. Customers with outstanding charges/Lien marked in the account will not get the benefit of rental reversal. If POS is discontinued, this offer will not be applicable and necessary balances need to be maintained as per defined GSFC. This is applicable only on Pro Current Account variant.

Fees & Charges

Particulars		Standard Charges
Annual Maintenance Charges (Per TID)	GPRS	INR 1000
	PSTN	INR 2000
	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
Lost terminal charges	PSTN	INR 9000
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
Processing of refund transactions		MDR Cost + INR 100 per refund
Please Note:
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