Canara Bank Revises Payswiff MDR Charges, Monthly Rental

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 CardsTransaction valueMDR
1.Rupay debit cards irrespective of merchant categoryAny ValueNIL
2.For debit cards powered by VISA and MasterCard,
i)For Small Merchants (Turnover upto Rs.20 Lakhs during the previous financial year) .Any Value0.40% + 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 CardsMDR
Classic/standard Cards1.50 % + GST
Premium Cards2.25 % + GST
Super Premium Cards2.50 % + GST
International cards
(Both Debit and Credit cards)
3.00 % + GST

RENT FROM 01.04.2020

Type of DeviceStandard Rent per month in Rupees
MPOS300 + GST
GPRS without printer450 + GST
GPRS with printer550 + GST
Android POS with printer650 + GS

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