POS Machine Fees & Charges | Kotak Mahindra Bank

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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

General Schedule of Features and Charges (GSFC) for Merchant Acquiring Services (w.e.f. 1st January 2025)

Particulars		Standard Charges
Annual Maintenance Charges (Per TID)	GPRS / Android / MPOS	INR 1000
Transaction Service Charges		INR 1 per Txn
Low throughput Charges (Not Applicable for QR) (Per TID)	Transaction Volume at MID level	City Tier 1 & 2	City Tier 3 & below
	Zero transaction	INR 499 per month	INR 199 per month
	> 0 and <= INR 10,000 per month	INR 249 per month	INR 99 per month
	> INR 10,000 and <= INR 25,000 per month	INR 149 per month	NA
Lost Terminal Charges (Per TID)	GPRS	INR 6000
	Android	INR 7500
	MPOS/ Sound Box	INR 2000
Damaged Terminal Charges		Actual cost of repair
Application Cancellation Charges		INR 1000 per case
Chargeback Management Fees		INR 500 per case
Deinstallation Charges (per TID)		INR 499
Please Note:
Abbreviations Used: TID = Terminal Identification Number, MID = Merchant 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.
AMC, Transaction service charge, Late settlement charges, Low throughput charges, Deinstallation, Application cancellation charges, Chargeback maintainance Fees, Not applicable in case of sound box.
Rental, Installation or One-time fee will be charged as agreed in the Account Onboarding and / or Modification Form.

Point of Sale (POS) machine

Point Of Sale (POS) Machine

Eligibility Criteria

General Schedule of Features and Charges (GSFC) for Merchant Acquiring Services (w.e.f. 1st January 2025)

Have an existing Current Account?

Don’t have a Current Account?