The state bank of India is the largest Bank of the country, provides Merchant Acquiring Services through its large branch network of more than 15000 branches.

The bank install Electronic Data Capture(EDC) machine or Point of Sale (POS) terminal(s)/PIN Pads at merchants outlet(s) which facilitate acceptance of payment from your customers by swiping of their debit/credit/pre-paid cards on the POS terminals/PIN Pads as sale proceeds of goods and services sold by merchants.

Where the terminals will be used for both sales as well as Cash payment Transactions then bank will recover rental Applicable for such cases which is as under:

For PSTN Terminal (Landline with outgoing STD facility) NO CHARGES

Monthly Rental for desktop GPRS/Portablke GPRS Terminals
DESKTOP GPRS PORTABLE GPRS
Monthly Rental UPTO 48 Months 220/-+ Service Tax as applicable 400/- + Service Tax as applicable
From 49th Month Actual SIM charges Only (presently Rs.45/- + Service Tax per Month)

Key Features
Power of Nation-wide network from most trusted Bank.
Increased sales to the Merchant.
No cash handling, No Theft, No Burglary.
Latest PSTN / GPRS POS Terminals.
No requirement of increased minimum balance.
No Hidden Cost.
Comprehensive Training / Handholding 24 x 7 x 365 helpline.
Customised reports at periodic intervals.

Cash POS is a facility using which debit card holders can withdraw cash by swiping their debit/prepaid cards (issued in India) at SBI POS Terminals at merchant locations.

The facility is activated at identified merchants and also at the request of the merchant to disburse cash up to a maximum of Rs. 1000/card/day. Merchants have been provided with its “State Bank Cash Point: Chhota ATM” display poster.