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Recalibration and Reactivation of ATMs.

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Point of Sales

Bank is in POS Acquiring Business for over 4 years and the business is steadily growing. We have deployed more than 13,500 Point of Sales (POS) terminals across the country and initiated steps to aggressively market this business. This is a measure of providing yet another Value Added Service to the merchant community by way of increased turnover through acceptance of cards. The bank can also simultaneously use this tool to canvas new current accounts, retain existing clients and earn non-interest income by deploying POS terminals Business Models

This covers the terminals provided to the existing clients and new accounts sourced through the Branches. Bank will be paying monthly rent to the service provider for these terminals. In this model, there will be monthly charges if the terminals are not used for the transactions above Rs. 75000/- per month and the slab wise charges are as follows:

Monthly Turnover through POS TerminalMonthly Charges to be levied
0 – 25,000Rs.500
25,001 – 50,000Rs.450
50,001 – 75,000Rs.400
75,001 and aboveNil

under this model, the service provider identifying the new customer for providing POS terminals. The Merchant needs to open current account with Bank and Vendor negotiates MDR and Bank is getting a fixed % of the transaction volume as its revenue share. There is no outgo in terms of monthly rent from the Bank in this model.

Under this model, the Bank would act as settlement Bank on a net revenue share. The Service Provider will deploy the POS terminal to the customers of other banks and the settlement with card organizations will be done through our Banks.

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