Karnataka Bank has introduced ‘Cash@PoS’ facility through its network of 13,100 plus point of sale (PoS) terminals installed at various merchant establishments throughout India. It is a facility through which any bank customers can withdraw cash using their Debit Cards /Open System Prepaid cards (issued by Banks in India) at PoS terminals of the Bank.
In accordance with the guidelines of Reserve Bank of India, customers can withdraw up to Rs 1,000 per day per card in Tier-I and Tier-II cities, and Rs 2,000 per card per day in Tier-III to Tier-VI centres through ‘Cash@PoS’.
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.
