Synergy

Inspiration

Leadership

April 7, 2023 Confidential

Sub membership to

National Co-op bank Ltd

of Saraswat Bank from

NFS (NPCI Network)

Technology support by

Saraswat Infotech Limited

Synergy

Inspiration

Leadership

Features Access to more than 82,000 ATMs across

the Country (except at VISA, MASTERCARD networks)

Can work as Debit Card at Merchant’s outlets, in near future.

At least to have one ATM machine Additional service for SaaS clients of SIL Bank can earn Income through ‘Acquirer’

module

Synergy

Inspiration

Leadership

Basic requirements Bank should be licensed by RBI Needs to have ‘ +ve ‘ net worth. Opt for sub-membership of Saraswat Bank (Saraswat

Bank being Direct member will act as ‘Sponsor’ bank) Apply for ‘IIN’ from NPCI Execute required docs with NPCI ATM Card layout to be re-designed with ‘RuPay’ logo. Open Current account (for settlements) with Saraswat

Bank with Minimum amount of Rs 5 lac. Need to keep FD with Saraswat bank –(5 times of Current

a/c stipulated balance)

Synergy

Inspiration

Leadership ATM Transaction flow under NFS connectivity

Synergy

Inspiration

Leadership

Synergy

Inspiration

Leadership

Process IIN application to NPCI along with IIN

issuance fee of Rs 9235 + Service Tax Allotment of IIN within 15 days Execute IIN License Agreement Undertaking on Rs 300/- stamp paper Finalize on Card Design and printing UAT on 8 – 10 Sample cards by NPCI Readiness of Setup at SIL – Vashi Go live …..

Synergy

Inspiration

Leadership

Synergy

Inspiration

Leadership

Sample Card design

Synergy

Inspiration

Leadership

Role & Responsibilities

Saraswat Bank To accept sub membership of the bank To accept CA & FD in Settlement a/c Settlement Guarantee on behalf of sub

member bank To debit CA of member bank as per the

transaction report recd from NPCI on daily basis.

Synergy

Inspiration

Leadership

Role & Responsibilities Sub Member Bank

To apply for sub membership of Saraswat bank and IIN to NPCI

Execute required documents with NPCI Re-design the ATM cards with

RuPay logo at the right bottom on the Front side of the card

SIL’s name & logo on the back side of the card as ‘Powered by’

Participate in UAT along with SIL & NPCI Maintain required balance as per the LIMIT given Maintain its own ATM machines with Cash

management To send ‘Charge-back’ and complaints to SIL in

reasonable time.

Synergy

Inspiration

Leadership

Role & Responsibilities Saraswat Infotech Limited (SIL)

Technology support PIN/CARD management

File generation at SIL PIN printing at FIS (efunds)on blank stationery PIN offset upload at SIL Emboss file to FIS Card printing at MCT (Manipal Card Tech.) Card pick up from MCT Dispatch of Card/PIN through Courier services

With Bank’s envelop To Bank HO OR Branch

Synergy

Inspiration

Leadership

Role & Responsibilities Saraswat Infotech Limited (SIL)

Transactions and ATM switch monitoring Network monitoring NFS transactions reconciliation NFS Chargeback /Dispute Customer Complaint handling Hot-listing of cards on Customers request To co-ordinate with NPCI – Hyderabad and Sub

member bank for disputes To download MIS reports from NPCI site and

forward it to sub member banks

Synergy

Inspiration

Leadership

Reports from SIL No. of Transactions done (Issuer/Acquirer) Issuer settlement “Issuer” (Chargeback, Debit adjustment, Credit

adjustment, Chargeback accepted , Representment, Pre-arbitation, Pre-arbirtation representment, Debit chargeback, Debit representment, arbitration, All good faith)

“Acquirer” (Chargeback, Debit adjustment, Credit adjustment, Chargeback accepted ,Representment, Pre-arbitation, Pre-arbirtation representment, Debit chargeback, Debit representment, arbitration ,All good faith)

Synergy

Inspiration

Leadership

Commercials - (exclusive of service tax)

Transaction charges Cash payment – Rs 18+ (50 paise for NFS) Balance Inquiry – Rs 8+ (50 paise for NFS)

Card / PIN management Without delivery – Rs 42 per card Courier services - On actual (Agreement by the

bank)

Service charges First 2 months – FREE Total cards issued X Rs. 20 per card per month

Synergy

Inspiration

Leadership

Thank you !and

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