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MDR and Charges Details

This document outlines the charges for POS terminals including monthly rental fees for different types of terminals, commitment charges based on monthly transaction volume, installation fees, replacement costs, and merchant discount rates for debit, credit, and foreign card transactions processed through SBI POS terminals. State Bank of India will pay transaction amounts to the merchant's bank on T+1 working day and the merchant's bank will credit their account on T+2 working days.

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332 views2 pages

MDR and Charges Details

This document outlines the charges for POS terminals including monthly rental fees for different types of terminals, commitment charges based on monthly transaction volume, installation fees, replacement costs, and merchant discount rates for debit, credit, and foreign card transactions processed through SBI POS terminals. State Bank of India will pay transaction amounts to the merchant's bank on T+1 working day and the merchant's bank will credit their account on T+2 working days.

Uploaded by

Harsh Tuli
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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CHARGES FOR POS TERMINALS ARE AS UNDER

1. Where the terminals will be used for both sales as well as Cash payment Transactions
then bank will recover rental Applicableb for such cases which is as under:
i) For PSTN Terminal (Landline with outgoing STD facility) NO CHARGES
ii) 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 49
th
Month Actual SIM charges Only (presently Rs.45/- + Service Tax
per Month)

2. Further, where the transaction are below Rs.25,000/- Per Month, then monthly
Commitment charges at following rates will be applicable
Particulars Monthly Volume Commitment charges
Commitment Charges
(MInimum Volume per
Terminals per Month)
Above Rs.25,000/-
Rs.15,001 to Rs.25,000/-
Rs.0 Rs.15,000/-
NIL
Rs.150/- + Service Tax
Rs.199/- Service Tax

3. One Time Installation & Association charge of Rs.500/- + Service Tax. (This includes
the charges to be recovered by SBI).
4. NICTs Monthly Charge Rs.200/- (Per Month) + Service Tax for all types of machines
5. In case of the below mentioned situations the bank has the right to recover charges
from the merchant as under and should be read together with points 7(a) to (i) of the
agreement .
Sl.
No.
Particulars Proposed Charges
i. De-Installation Charges If de-Installation is done
within 6 Months from the date of
installation Rs.500/-
after 6 Months and before 1 year from
the date of installation Rs.150/-
after 1 year from the date of
installation Rs.300/-
ii. Adaptor Replacement
Charges
(First would be provided free
of cost)
Rs.500 (including tax) for PSTN &
Desktop GPRS models or actual
charges whichever is higher
Rs.600 (including tax) for Portable
GPRS models or actual charges
whichever is higher
iii. Recovery of GPRS Rentals
and Arrears thereafter
If any NICT Associate defaults the
monthly rentals for two consecutive
months, the terminal would be de-installed
without any further intimation
iv. Physical Damage to the
terminal due to mis-handling
(other than normal wear and
tear)
Rs.3000 + Service Tax or the Actual
Charges whichever is higher to be
debited to NICT Associate account as
per actuals

6. If the POS terminal is used for Cash@POS only then following Monthly rental is
payable.
S. No. Type of terminal Monthly Rental to be Charged (In Rs.)
1 For PSTN Rs.250/-+ Service Tax
2 For Desktop GPRS Rs.350/- + Service Tax
3 For Portable GPRS Rs.450/- + Service Tax

7. MERCHANT DISCOUNT RATES FOR SBI POS TERMINALS
TYPE OF CARD TRANSACTION AMOUNT MERCHANT DISCOUNT
RATE (MDR)
STATE BANK DEBIT/ATM
CARD
FOR ANY AMOUNT 0.65% + SERVICE TAX
(i.e 0.74%)
OTHER BANK DEBIT/ATM
CARD
UPTO Rs.2000/- 0.75% + SERVICE TAX
(i.e 0.85%)
ABOVE RS.2000/- 1.00% + SERVICE TAX
(i.e 1.14%)
ANY CREDIT CARD FOR ANY AMOUNT 1.50% + SERVICE TAX
(i.e 1.72%)
FOREIGN CARDS FOR ANY AMOUNT 2.00%+ SERVICE TAX
(i.e 2.30%)

SETTLEMENT MECHANISM:
State bank of India will pay to NICT the transaction amount on the next working day (T + 1 WD
i.e Transaction day + 1 Working day).

NICT will credit Associates account with State Bank on India with the amount of transaction on
the 3
rd
working day (i.e T + 2 Wd). The associate will have to have a bank account with State
Bank of India.
*******************

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