Canara Bank Revises Payswiff MDR Charges, Monthly Rental

Canara Bank Payswiff PoS MDR Charges

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

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