UCO Bank · statement narration
POS CASH CHG
A charge for withdrawing cash at a shop counter using your debit card.
In plain English
A charge for withdrawing cash at a shop counter using your debit card.
Also printed as POS WDL CHG, CASH AT POS.
Hinglish mein
Dukaan ke counter par debit card se cash nikalne par lagne wala charge.
What it costs, including GST
Retail Banking Service Charges · Other
1% of the transaction amount, subject to a maximum of Rs 5
The bank's figure is before tax, so 18% GST is added on top.
Applies when: UCO Bank cards used to withdraw cash at a point of sale terminal. The schedule states the charge as a share of the transaction with a ceiling; the dataset has no amount type that applies a percentage to a transaction amount, so the charge is published in the schedule's own words rather than as a figure that would be computed against the wrong basis. Charges are exclusive of GST.
Why it happened
You took cash at a merchant point-of-sale terminal.
How to avoid it
Use an ATM instead, where a free monthly allowance usually applies.