Telpo Smart POS Helps You Withdraw Indian Cash

NEW DELHI: In a bid to ease the cash crunch, State Bank of India (SBI) has decided to allow depositors to withdraw cash from its point of sale (POS) devices available with merchants.

This facility will be available for customers of all banks, and can be used in about 80% of SBI’s POS devices across the country. So Telpo Smart POS is a good choice.

To reach out and facilitate maximum number of people looking for convenient cash withdrawal, the bank has also decided to provide facilities of cash through ‘Cash@POS’ initiative,” SBI said in a release. “Debit card holders of SBI and all other banks can withdraw cash from POS machines installed by SBI across various merchant locations,” the release added.

According to guidelines issued by the Reserve Bank of India, customers can withdraw up to ₹ 1,000 per day per card in Tier-1 and Tier-2 cities, and  2,000 per card per day in Tier-3 to Tier-6 cities. Telpo Smart POS not only supports scanner payment, NFC payment and IC card plug-in payment, but also receives UnionPay certification. More importantly, Telpo TPS900 can customize the identity card and fingerprint identification module, which can be applied not only in consumer payment scenarios, but also in identification, mobile police and scenic ticket verification.

Brief Introduction: Telpo is a professional smart terminals' provider and ODM service expert, covering the point-of-sale (POS) terminals, Biometric devices, face recognition machines, kiosk machine, bus ticketing machines. They have served for more than 1000 customers abroad, including the platform operators, banks, biological algorithm company, operators, technology companies and even governments organizations. Telpo delicates in keeping R&D in the rapid technology evolution, in order to provide more intelligent hardware for the global partners.