Karnataka Bank has reached the total tally of 10,000 POS installations on March 27, 2017. The 10,000th POS terminal is handed over to Nandana Group of Hotels, Bengaluru, one of its valued customers, at the function held at Bank’s Bengaluru Regional Office.
Since 2011, Bank is offering POS (Point of Sale) services, which enabled the merchant establishments to accept the card payments and boost their business. Landline, GPRS (Handheld & Desktop) and Digital POS are the type of terminals presently being offered to merchants.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.