Notification for POS rental

Notification for POS rental


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 you with 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 Lakhs per terminal 
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*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 



The aforesaid change will be effective from 1st December 2023. 


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. 


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Warm Regards, 

HDFC Bank