Dear Merchant Partner,

Thank you for partnering with HDFC Bank for your payment acceptance needs.

We appreciate your participation & the overwhelming response to our campaigns. In our constant endeavour to improve your experience with us, we are further enriching this program to provide faster responses from the Bank.

Towards this, we would like to inform you that we are making certain changes to the terms of the promotional campaign ("UPI22 / UPI23") that was offered to you during the onboarding process, which you signed and accepted.

Please note that the threshold monthly volume required to qualify for rental reversal will now include Debit and Credit Cards, in addition to UPI volume, on a single terminal. The other terms of charging you the rental upfront and reversing it on meeting the monthly business volume criteria will continue to be the same. Reversals will be implemented within 30 days of qualifying, after deducting GST.

Minimum volume commitment is as below:

  • Top 30 location merchant - Monthly Volume Rs. 2 Lakhs per terminal
  • Beyond 30* location merchant – Monthly Volume Rs. 1 Lakh per terminal

*All Locations that are not included in the Top 30 list.


Top 30 Locations
Agonda
Canca
Faridabad
Mormugoa
Sanquelim
Ahmedabad
Cansaulim
Fatorda
Mumbai
Santa Cruz
Aldona
Carambolim
Gandhinagar
Nagpur
Secunderabad
Ambelim
Cavelosim
Ghaziabad
Nashik
Seraulim
Amritsar
Chandigarh
Goa
Navelim
Siolim
Anjuna
Chandor
Goa Velha
Navi Mumbai
Sircaim
Arpora
Chattarpur
Gurgaon
Noida
Sohana
Assonora
Chennai
Hyderabad
Nuvem
Srinagar
Aurangabad
Chinchinim
Indore
Old Goa
Surat
Bangalore
Cochin
Jaipur
Panchkula
Taleigao
Bardez
Coimbatore
Jalandhar
Panjim
Thane
Bardoli
Colva
Jharsuguda
Patna
Trivandrum
Baroda
Colvale
Kolkata
Pernem
Usgao
Barwala
Cuncolim
Lucknow
Ponda
Vadodara
Benaulim
Curchorem
Ludhiana
Porvorim
Valpoi
Bhopal
Curtorim
Majorda
Pune
Varca
Bhubaneshwar
Dabolim
Mapusa
Quepem
Vasco
Bicholim
Davorlim
Marcela
Rajkot
Verem
Calangute
Delhi NCR
Margao
Saligao
Vishakapatnam
Canacona
Dona Paula
Merces
Sanguem
Zuarinagar

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Effective date 1st March'24.

We appreciate your understanding and co-operation through this transition.

For any further assistance or queries, please get in touch with your Merchant Relationship Manager or contact the Regional Merchant Helpdesk.

Warm Regards,
HDFC Bank Ltd.