Disclaimer

The content has been translated from the English version using indigenously developed Artificial Intelligence capabilities (Bhashini, developed by MeitY). In the event of any ambiguity or doubt, users are advised to refer to the original English content for clarification.

All information, materials, advice, suggestions, illustrations, notifications, circulars, and other items on this website are collectively referred to as the "Content."

Indian Bank assumes no responsibility for any errors, omissions, inaccuracies, or typographical mistakes that may appear in the Content. Indian Bank does not provide any warranty or representation regarding the Content and expressly disclaims all liabilities.

Any action taken by users on the basis of such Content shall be entirely at their own risk and responsibility.

Indian Bank reserves the right to modify, correct or update any part of the Content at any time.

No portion of the Content may be displayed or printed without prior written approval of Indian Bank.

As the translated Content has been generated using AI, we encourage suggestions for improvement.

Suggestions may be submitted at:
https://bhashini.gov.in/bhashadaan/en/home

 
हिंदी
Toll-free customer support numberNational Helpline No1800 1700
viewing the Indian Bank PCI DSS compliance certificate
Financial Result Icon

Point of Sale (PoS)

Point of Sale (PoS)

A PoS (Point of Sale) machine is an electronic device through which a customer can make payment to merchant in exchange for goods or after provision of a service through debit/credit/prepaid cards or QR scanning. Merchant may issue a printed receipt / e-receipt for successful transaction.

Types of PoS:

  • Android PoS – PoS terminal having Android Smartphone functionality with full touch, printer & inbuilt camera. Works with GPRS/Wifi connectivity along with battery backup.
  • GPRS PoS – PoS terminal with keypad and with printer. Works with GPRS/Wifi connectivity along with battery backup.

How to avail PoS:

  • Submit PoS application and Agreement to the nearest Indian Bank Branch.
  • Enrollment of Merchant done upon receipt of application recommended by Zone.
  • After enrollment, Unique merchant ID (MID & TID) is created and terminal is dispatched to the merchant after validation.
  • Installation call made to the merchant for activation.
  • Two models are available for obtaining PoS viz.,
    • Rental model: Pay monthly charge till PoS is active (Monthly rent waived if Rs. 10.00 Lakhs transacted in a month through Credit Card)
    • Onetime Payment model: Pay once for purchase of PoS and enjoy nominal monthly fee till PoS is active (Monthly fee waived if Rs. 5.00 Lakhs transacted in a month through Credit Card)

Value added Services:

  • Cash[at]PoS – Cardholder can withdraw cash upto Rs. 2000/- through PoS machine.
  • QR[at]PoS – Payment acceptance through UPI-QR code generated in PoS machine.
  • EMI[at]PoS – Credit card holders can convert the payment into Equated Monthly Installment (EMI) through EMI facility enabled in PoS machine.
  • Sodexo acceptance – Sodexo supplied food cards acceptance in PoS machine.
  • International card acceptance Facility – Foreign country Bank issued cards acceptance in PoS machine.
  • Integration of PoS with Merchant software – PoS can be integrated with merchant billing software solution for payment collection.
  • Android billing solution – In-app billing solution in Android PoS machine.
  • Web portal – Merchant can view transaction details, raise complaints, paper roll requests etc in the PoS merchant web portal.

Commercials:

  • No installation charges, paper roll charges, late batch settlement charges, low usage charges and duplicate/backdated statement charges for any location or type of business.
  • NIL PoS monthly rent for IB i-Freedom Prime Current Account customers.

Advantages of PoS:

  • Portable; Take anywhere inside India
  • Eliminates the need to carry Cash
  • Faster and Easier
  • Facility for Manual/auto batch settlement of PoS transactions
  • Eliminates manpower for physical cash maintenance
  • Quick confirmation/transaction status will be sent to the merchant by SMS
  • Consolidated transaction details are sent through SMS/e-mail

For more details, contact your nearest Indian Bank branch.

( Last modified on Jun 03, 2026 at 04:06:46 PM )

ADYA
ADYA