Know the Canara Bank Payswiff PoS MDR Charges, Public Sector Canara Bank has updated the monthly rental along with the MDR charges of its Payswiff machines. The revised rental and Merchant Discount Rates (MDR) will be effective from 1st June 2020. This will be applicable to all the machine issued by the erstwhile Syndicate Bank also.
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Canara Bank Payswiff PoS MDR Charges
For Debit Card Transactions:
| S No. |
Debit Cards |
Transaction value |
MDR |
| 1. |
Rupay debit cards irrespective of merchant category |
Any Value |
NIL |
| 2. |
For debit cards powered by VISA and MasterCard, |
|
| i)For Small Merchants (Turnover upto Rs.20 Lakhs during the previous financial year) . |
Any Value |
0.40% + GST
(MDR cap of Rs.200/- per transaction). |
| ii) For Other Merchants (Turnover above Rs.20 Lakhs during the previous financial year) |
Transaction value up to Rs.2000/- |
0.40% + GST
(MDR cap of Rs.200/- per transaction) |
| Transaction value above Rs.2000/- |
0.90% + GST
(MDR cap of Rs.1000/- per transaction) |
|
For Credit Card Transactions:
| Credit Cards |
MDR |
| Classic/standard Cards |
1.50 % + GST |
| Premium Cards |
2.25 % + GST |
| Super Premium Cards |
2.50 % + GST |
International cards
(Both Debit and Credit cards) |
3.00 % + GST |
|
RENT FROM 01.04.2020
| Type of Device |
Standard Rent per month in Rupees |
| MPOS |
300 + GST |
| GPRS without printer |
450 + GST |
| GPRS with printer |
550 + GST |
| Android POS with printer |
650 + GS |
|
