nhl 20 deutscher kommentator einstellen

apfelkuchen mit haferflocken ohne mehl | nhl 20 deutscher kommentator einstellen

nhl 20 deutscher kommentator einstellen

The Bolt EV would start at $26,595, followed In reality, the amount you qualify for is based on both your income tax as well as several specifications of the electric vehicle you purchase, including where its built. New rules surrounding what electric vehicles would qualify for the Biden Administrations Electric Vehicle Tax Credit went into effect in mid-April of 2023, effectively hobbling many consumers abilities to claim the $7,500 credit. Market data provided by ICE Data Services. So now you should know if your vehicle does in fact qualify for a federal tax credit, and how much you might be able to save. But GM CEO Mary Barra on Tuesday said the automaker would end production of the car later this year. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. 2023 will be the final model year for the Bolt and dealers can continue to order the EV and EUV through this summer. GM reportedly spent $1.8 billion in Bolt recalls. The good news for the plant is that the overall all-electric car production will increase. The other $3,750 of the new credit is based on at least 50% of the battery components of the vehicle coming from the United States or countries with a free trade agreement with the US, The 40% minerals requirement increases to 50% in 2024, 60% in 2025, 70% in 2026 and 80% in 2027, The 50% battery components requirement increases to 60% in 2024, 70% in 2026, 80% in 2027, 90% in 2028 and 100% in 2029, Beginning in 2025, any vehicle with battery minerals or components from a foreign entity of concern are excluded from the tax credit, Qualifying EVs must also have a battery size of at least 7 kWh and a gross vehicle weight ratingless than 14,000 pounds, New federal tax credit of $4,000 for used EVs priced below $25k, Subject to other requirements like lower annual income (see below), Revised credit applies to battery electric vehicles with an MSRP below $55,000, Also includes zero-emission vans, SUVs, and trucks with MSRPs up to $80,000, New credit also expands to commercial fleet customers, Includes separate qualifications and limits, The federal EV tax credit will be available to individuals reporting adjusted gross incomes of $150,000 or less, $225,000 for heads of households, or $300,000 for joint filers, The new credit will also continue to apply to Plug-in Hybrid EVs (PHEVs) as long as they meet the same requirements outlined above, Be an individual who bought the vehicle for use and not for resale, Not be claimed as a dependent on another persons tax return, Not have claimed another used clean vehicle credit in the three years before the EV purchase date, Modified adjusted gross income must not exceed $75k for individuals, $112,500 for heads of households, and $150k for joint returns, Have a model year at least two years earlier than the calendar year when you buy it, For example, a vehicle purchased in 2023 would need a model year of 2021 or older, Not have already been transferred after August 16, 2022, to a qualified buyer, Have a gross vehicle weight rating of less than 14,000 pounds, Be an eligibleFCV or plug-in EV with a battery capacity of least 7 kilowatt hours (kWh), Be for use primarily in the United States, For qualified used EVs, the dealer reports required information to you at the time of sale and to the IRS, Purchaser must be an individual (no businesses) to qualify for used credit, A used vehicle qualifies for tax credit only once in its lifetime. DETROIT General Motors plans to stop production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday when discussing the company's first-quarter earnings. A Division of NBCUniversal. Thats in large part because China has a tight grip on it. A Division of NBCUniversal. On the other hand, that probably also means that they're losing more money than they ever have on that car," said Sam Abuelsamid, a principal analyst at Guidehouse Insights. All Access Digital offer for just 99 cents! But experts and officials say the start of the critical mineral supply chain mining and refining critical minerals will be the most difficult aspect to change. We cant find that page. New Federal Tax Credits in the Inflation Reduction Act. The Bolt EUV, a small SUV based on the same platform, retails for $27,800. With 38,120 units in 2022, only the Ford Mach-E outsold the Bolt (only counting non-Tesla EVs). After announcing that the Camaro will be retired following the 2024 model year, Chevrolet has just confirmed to Automotive News that the Bolt will share a similar fate. Vehicles that qualify for the full $7,500 in tax credits include: Other vehicles qualify for $3,740 in tax credits, including: To qualify for $3,750 of the EV tax credit, 40% of battery minerals must come from North America, from a country with a U.S. free trade agreement or recycled in North America. General Motors plans to stop production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday. Chevy is planning to bring an all new Equinox EV into the fray in fall 2023. The-CNN-Wire However, that could and likely will change in the coming months and years as some of these brands are building factories in the US to assemble their vehicles. Timeline to qualify is extended a decade from January 2023 to After, no critical minerals can be extracted, processed, or recycled by an FEOC. Apr 25, 2023 at 11:11am ET. The very high competitiveness of the Bolt EV/EUV was recently highlighted by a huge sales record of 19,700 units in the first quarter of 2023. We will continually update the list above as we learn more. Unfortunately, the batteries in the standard-range rear-wheel-drive Tesla Model 3 keep it from being eligible for the full $7500 tax credit. Web2022-2023. Pour one out for America's least expensive EV. In 2022, GM sold 38,120 Bolt EVs, up from 24,828 in 2011. Still, the proposed qualifying factors are in effect as of April 18, 2023 while the finalized iteration is solidified. The Federal tax credit for EVs will remain at $7,500. GM knows it has to focus on larger, more profitable EVs that appeal to a wider US audience. The revamped tax credit then sat in federal purgatory, until this past summer late July 2022 when the US Senate shared it was moving forward to vote on EV tax credit reform after Senator Joe Manchin (D-WV) finally agreed to include investments to curb climate change. Patrick T. Fallon | Bloomberg | Getty Images. Barra said when the Orion, Michigan, plant, which currently produces the Bolts, reopens and reaches full production, employment will nearly triple, and the company will have capacity to build 600,000 electric trucks annually. Those next-generation electric models are expected to be better in every way - bigger, with more range, power, and features as well as faster charging - but probably also a slightly higher price point of around $30,000 for the base version. One more change to the 2023 law from earlier 2022 tax credit requirements is that individuals are no longer eligible to claim the Clean Vehicle Credit if they are filing King Charles III's net worth and where his wealth comes from, New mortgage rules could lead to some homebuyers paying more, Dylan Mulvaney breaks silence on Bud Light backlash in new video, Tesla cuts vehicle prices in bid to boost flagging demand, 4 in 10 U.S. adults say next vehicle may be electric, poll finds, 5 of the hottest electric cars rolling into dealerships in 2023, which vehicles are now eligible for a $7,500 tax credit. Chevrolet Kills Bolt EV And Bolt EUV At The End Of 2023; both not including the $7,500 federal tax credit. New rules surrounding what electric vehicles would qualify for the Biden Administrations Electric Vehicle Tax Credit went into effect in mid-April of 2023, effectively hobbling many consumers abilities to claim the $7,500 credit. BMW X5 xDrive45e. I see sentences that say "current" and I have to wonder if that is truly current or if it's an accidental leftover word from when the article was published months ago. The EUV is longer, wider, and taller than the standard Bolt hatch and comes reasonably equipped with available Apple CarPlay and Android Auto. Manufacturer's However, that sense of displeasure did not stop Chevy from selling them in droves. On the other hand, after a last-second price reduction, the more expensive Model 3 Performance sneaks under the $55,000 threshold required for cars. GM said it expects to start turning low-to-mid single-digit profit margins on electric vehicles in 2025. 2) Because I know the article has been updated many times, I don't feel like I can trust any use of the word "current" in it. However, buyers may qualify for state incentives, depending on the state. "Chevrolet will launch several new EVs later this year based on the Ultium platform in key segments, including the Silverado EV, Blazer EV and Equinox EV. Fuel cell vehicles? First and foremost, its important to understand three little words the government slips in front of the $7,500 credit may and up to. As in, you may qualify for up to $7,500 in federal tax credit for your electric vehicle. "When Orion EV assembly reopens in 2024 and reaches full production, employment will nearly triple, and we'll have a company-wide capacity to build 600,000 electric trucks annually.". Senior administration officials said the new rule will make these countries lithium more competitive: Instead of going to China the minerals could go to Japan or Korea, or directly to the US. The Chevy Bolt EV and EUV, a larger version of the car, make up the vast majority of the company's electric vehicle sales to date. You can now join the EV tax credit party again. The company said the vehicles attracted new customers, with 75% of Bolt owners making the switch from non-GM vehicles. There is no limit to the number of EVs automakers can sell with tax credits, as long as those vehicles meet the requirements. Pour one outheck, make it twofor the Chevy Bolt EV and Bolt EUV. BMW offers two models that qualify for the clean vehicle tax credit: the BMW 330e and BMW X5 xDrive45e. Use it to your full capability while you can, because as more and more people start going electric, the less the government will need to reward drivers. By: Mark Kane. Production of the Chevrolet Bolt EV and Bolt EUV electric cars at the plant in Orion Township, Michigan will come to an end in late 2023. Now that we are officially into 2023, the reform bill now applies to EVs purchased and delivered after December 31, 2022. The Associated Press contributed to this report. Starting at $26,500 and qualifying for a $7,500 federal tax credit, the Bolt has been repeatedly lauded as an example of an affordable EV by the Biden administration. That Ultium ramp-up, plus cost efficiencies achieved with the new EV pickups, means margin improvements that the Bolt couldn't have realized, especially in the long term. .css-dhtls0{display:block;font-family:GlikoS,Georgia,Times,Serif;font-weight:400;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-dhtls0:hover{color:link-hover;}}@media(max-width: 48rem){.css-dhtls0{font-size:1.125rem;line-height:1.2;}}@media(min-width: 48rem){.css-dhtls0{font-size:1.25rem;line-height:1.2;}}@media(min-width: 61.25rem){.css-dhtls0{font-size:1.375rem;line-height:1.2;}}200809 Porsche Cayennes Are Today's Auction Picks, California to Ban Heavy-Duty Diesel Trucks in 2036, McLaren Hybrid Flagship Set to Arrive in 2026, Brock Yates's Old Ford Hot Rod Is Our BaT Pick, Bentley Continental GT, Flying Spur Get Dressed Up. While the standard Model 3 is left out of the equation, the entirety of the Model Y lineup earns the full $7500 credit. GM is managing the transition from combustion engines to electric vehicles well, according to Edward Jones analyst Jeff Windau, but the successful conversion will still be difficult to orchestrate. GM and Tesla customers rejoice! There's irony in the timing of the Bolt getting axed. Other tax credits available for electric vehicle owners, Find out where an EV is assembled using its VIN, Check out our complete breakdown of state tax incentives, sorted by state, Tax incentives on electric vehicles are worth the research, This is a list of countries with free trade agreements with the US. The last few months have seen a wave of announcements from car companies that are moving their EV and battery production factories to the US and neighboring countries. General Motors CEO Mary Barra unveiled the Chevrolet Bolt electric vehicle during the 2016 Consumer Electronics Show in Las Vegas. To qualify for $3,750 of the EV tax credit, 40% of battery minerals must come from North America, from a country with a U.S. free trade With a starting price of $79,800 and the EPA designating an $80,000 ceiling, there is no room for optional extras. Copyright 2023 CBS Interactive Inc. All rights reserved. The goal is to help ensure you are receiving the maximum value on your carbon-conscious investment because, lets face it, youve gone green and you deserve it. The top-level Premier trim level can be had with General Motorss Super Cruise hands-free driving feature. This benchmark is set to rise to 100%. Scooter Doll is a writer, designer and tech enthusiast born in Chicago and based on the West Coast. The U.S. Treasury on Mondayreleased a full list of the vehicles with access to U.S. electric vehicle tax credits under new battery sourcing requirements, which benefitcompanies that use battery minerals from the U.S. or itstrading partners and manufacture battery components in North America. GM is ending production of its Chevrolet Bolt models by the end of 2023. That should help consumers like yourselves get some change back in your pocket at the end of the fiscal year. "We'll need this capacity because our trucks more than measure up to our customers' expectation, and we'll demonstrate that work and EV range are not mutually exclusive terms for Chevrolet and GMC trucks," Barra said Tuesday. The GM team has been selling and improving on the Bolt platform since 2016. How does a federal tax credit work for my EV? Theyre just quite complex, White House senior adviser John Podesta recently told CNN. Not sure if your prospective EV purchase qualifies? Here's what to know. WebBolt EV and EUV purchases may be eligible for a Clean Vehicle Federal Tax Credit of up to $7,500. On the other hand, in the short term, consumers might lose access to a really affordable all-electric car. Yes.Under the new terms in the Inflation reduction act, the MSRP of electric vehicle must be $80,000 or less for SUVs, vans, and trucks. WebBolt EV and EUV purchases may be eligible for a Clean Vehicle Federal Tax Credit of up to $7,500. Got a confidential news tip? All Rights Reserved. With 38,120 units in 2022, only the Ford Mach-E Although the department was given a deadline of December 2022 to deliver this guidance, it relayed that it neededd more time, at least until March of 2023. All Rights Reserved. Starting at $26,500 and qualifying for a $7,500 federal tax credit, the Bolt has been repeatedly lauded as an example of an affordable EV by the Biden administration. It's unlikely to cause enthusiasts to shed tears like the Camaro, but we will mourn the loss of America's least expensive electric vehicle. Bummer. while the slightly larger Bolt EUV begins at US$27,800 ($42,000). Here's what to know. Sixteen new models and some of their variations are eligible for all or half of The battery component requirement mandates that a certain percentage of the value of the battery components must be manufactured or assembled in North America. CORRECTION 4/25/2023: This story has been updated to remove the Mustang Mach-E, which does not qualify for the full $7500 credit. We want to hear from you. However, the Chevrolet Bolt EV/Bolt EUV, after recovering from the massive battery-related recall (production resumed in April 2022), will not stay with us very long because GM intends to switch to Ultium-based electric vehicles. To spur interest and make the Bolt more affordable, GM cut the starting prices by as much as $6,300 for the 2022 model year. For example, if you purchased a Ford F-150 Lightning and owed say, $3,500 in income tax this year, then that is the federal tax credit you would receive. WebMy state CO currently has EV credit of $2500. The 102.0-kWh battery offers an estimated range of up to 308 miles of luxurious cruising in the single-motor version, and up to 307 miles in the dual-motor setup. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place. Get Morning Report and other email newsletters. Credits apply to plug-in electric vehicles which includes plug-in hybrid EVs and battery electric vehicles (BEVs). The company plans to produce more than 70,000 Bolt models this year, as it targets to sell over 400,000 EVs from early 2022 through mid-next year in North America. With that said, you cannot simply go out and buy an electric vehicle and expect Uncle Sam to cut $7,500 off your taxes in April. As the least expensive electric vehicle Much like Chevy's Bolt Rivian's first attempt at an SUV skims just under the maximum MSRP threshold to be eligible for the Heres a handy flowchart we made to help (hopefully) simplify the details for you. In discontinuing the Bolt, the automaker is moving away from hatchback-style vehicles and opting for SUVs and pickup trucks, models that customers are increasingly favoring the most, Ivan Drury, director of insights at automotive research firm Edmunds, told CBS MoneyWatch. Its a whole different ballgame from talking about permitting an open-pit lithium mine.. The Bolt, GM's first mass-market $55,000. By hounding his college professors at the University of Wisconsin-Milwaukee, he was able to travel Wisconsin seeking out stories in the auto world before landing his dream job at Car and Driver. GM is stopping Bolt production even though company officials say it's their top-selling electric vehicle. Plus, the Bolt doesn't contribute to the company's bottom line like plants that produce money-making gas-powered vehicles. Chevrolet Bolt EUV. News provided by The Associated Press. Chevy is replacing the battery-powered budget options with the upcoming Equinox EV, which will start around $30,000. Federal tax credit for EVs will remain at $7,500. A global shortage of computer chips and other parts forced the auto industry to slow production last year, driving up prices as demand stayed strong. Car brands that will be losing access to the U.S. EV tax credit include: Electric cars from Kia andHyundaialso do not qualify because they are manufactured outside North America. While I'm on that topic, you can probably split out BEV/ PHEV as separate articles too, because most people aren't cross-shopping them. Related Articles The Bolt EV would start at $26,595, followed by the Bolt EUV at $28,195. Lastly, there are other potential savings available to you that you might not even know about yet. 1 3 r/SelfDrivingCars Join 6 mo. Luckily, weve compiled each and every state rebate, tax credit, and exemption for you and sorted it by state. We may earn commission from links on this page, but we only recommend products we back. To reach those goals, GM needs the production capacity, profits and market positioning of its forthcoming next-generation EVs. But the timing of the decision caught many experts off guard. To date, the following countries are recognized by local government as US free trade partners: Australia, Bahrain, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Korea, Mexico, Morocco, Nicaragua, Oman, Panama, Peru, Singapore, and Japan. "So, they don't want to keep it going longer. Chevy dropped the price $5,500 for 2022; you can get a Bolt for $31,995. BMW, Nissan and other major automakers are set to lose access to a $7,500 electric vehicle tax credit this week. His new goal is to delay the inevitable demise of his 2010 Volkswagen Golf. Barra on Tuesday said once the Orion plant reopens next year, the company will have a total production capacity of 600,000 EV pickups annually, including a Detroit plant that's been slow to ramp up production of the GMC Hummer EVs. The new ruleswere announced last month and go into effect Tuesday. A separate tax credit applies to used EVs, and it doesnt carry such stringent requirements on battery content or manufacturing. General Motors is ending production of its Chevrolet Bolt models by the end of this year, the Michigan automaker said Tuesday, adding that the local plant currently tasked with making the Bolt will be converted for the manufacturing of electric pickup trucks. Under the new rule, consumers can get up to $7,500 back in tax credits on eligible cars. Countries including Chile and Australia are notable, as both have a vast supply of lithium and extensive mining operations. The company plans to produce more than 70,000 Bolt models this year, as it targets to sell over 400,000 EVs from early 2022 through mid-next year in North America.. GM and South Korea's Samsung SDI plan to invest more than $3 billion in a new electric vehicle battery cell plant in the United States, the companies said Tuesday. She said the vehicle should be close to full production by the first quarter of next year. Starting at $25,600, the 2023 Chevrolet Bolt 1LT is priced nearly $6,000 below the base 2022 model. Sixteen new models and some of their variations are eligible for all or half of the new credit, while nine models mostly foreign-made vehicles are no longer eligible, for now. For better or worse, EVs seem to be our future. The EUV's 65.0-kWh battery manages 247 miles of range, with 200 horsepower powering the front wheels. 2023 CBS Interactive Inc. All Rights Reserved. More on that below. If you somehow manage to miss the unique badging and huge light bar spanning the front of the F-150 Lightning, you could reasonably step inside and assume you are in a standard internal-combustion-powered F-150. Range is estimated between 247 and 320 miles based on trim, with pricing starting at $44,995. 2022-2023. Hopefully this post has helped to incentivize you to use the resources above to your advantage. However, a workaround exists for people who really, really want an EV that doesnt qualify for the $7,500 tax credit if Under the new rule, consumers can get up to $7,500 back in tax credits on eligible cars. etc. The battery cells in the cars are an older design and chemistry than the automaker's newer vehicles such as the GMC Hummer and Cadillac Lyriq, which utilize GM's Ultium architecture. In 2022, GMsaidit planned to renovate the Orion plant and use it for making the electric versions of the GMC Sierra and Chevrolet Silverado pickup trucks. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Please enter valid email address to continue. "As we scale EVs, we will lower fixed costs and will continue to drive margin improvements," Barra said Tuesday. The Bolt also suffered a major setback more recently, as GM recalled all of the Bolts ever produced due to a supplier-related battery issue that caused several fires. As a result, the qualifying factors mentioned above that pertain to battery component assembly and materials being sourced and built in North America are not being enforced at least not until April 18, 2023. Samsung was picked by GM as partner for its fourth joint venture battery cell factory, after some Chevrolet Bolt batteries made by LG caught fire, forcing GM to recall about 142,000. We cant blame you. Dear Abby: I have a great life, so why have I fallen into this shameful behavior? The largest U.S. automaker sold 38,120 Bolt EVs in 2022 up from 24,828 in 2011 and 19,700 in the first three months of the year. Business | The 2023 Nissan LEAF should be the cheapest at $28,040 with the 2023 Mini Cooper SE coming in second at $30,900. Production of the Chevrolet Bolt EV and Bolt EUV electric cars at the plant in Orion Township, Michigan will come to an end in late 2023. Think closer to $30,000 for a starting price. Here are the EVs that can qualify for a $7,500 tax credit: Cadillac LYRIQ, 2023-2024 (MSRP limit: $80,000) Chevrolet Bolt/Bolt EUV, 2022-2023 (MSRP limit: The Bolt is one of the reasons why GM is a top market leader in the EV market, GM CEO Mary Barra said Tuesday. Modified adjusted gross income limits are $150,000 for individuals, $225,000 for heads of households, and $300,000 for joint returns. "When the Chevrolet Bolt EV launched, it was a huge technical achievement and the first affordable EV, which set in motion GM's all-electric future," Chevy spokesman Cody Williams said in a statement. Police believed Tesla fire was due to battery, turns out it was arson, Daimler just announced a $650M US-wide EV charging network for trucks, Tesla drops price of Model Y 7-seat option to $3K, from $4K, Heybike unveils new folding fat tire electric bike that targets bang for your buck, Subscribe to Electrek on YouTube for exclusive videos, Federal tax credit for EVs will remain at $7,500, Timeline to qualify is extended a decade from January 2023 to December 2032, Tax credit cap for automakers after they hit 200,000 EVs sold is eliminated, making GM, Tesla, and Toyota once again eligible, The language in the bill indicates that the tax credit could be implemented at the point of sale instead of on taxes at the end of the fiscal year, That means you can get your credit up front at the dealer, but these terms may not kick in until 2024, In order to get the full tax credit, the EV must be assembles in North America and, Two binary pieces separate the full $7,500 credit meaning the vehicle either qualifies for each piece of the credit or it doesnt. Legal Statement. Bolt has been a phenomenal product for us, no doubt. The MSRP of the car must be $25,000 or less. Last thought: if it is possible to make a flowchart or an "internet quiz" on whether a car qualifies, that could be very useful. EVs are drawing more attention within the automotive industry, as shoppers grow curious about their capabilities, and automakers like Tesla and Ford race to assert dominance in the market. The What To Expect From The Chevrolet Blazer EV For example, in the state of California, drivers can qualify for a $2,000-$4,500 rebate or a grant up to $5,000 under the Clean Vehicle Assistance Program on top of any federal credit received (all rebate and grant amounts are based on income). The Chevrolet Bolt EV (later joined by the Bolt EUV version) was introduced in the United States in 2016 and since then, more than 161,000 have been sold in the country. And so if we can bring people in based on the propulsion proposition that they're looking for, we can do it with a brand that they're familiar with, with brand names they're familiar with, that works well for us.". J.D. Here are all those tax credits, rebates, and exemptions, sorted by state. Whether its a purchase or lease of a new or used EV, or the purchase and/or installation of an EV charger, you could get money back, depending where you live.

Boogie And The Yoyoz Schedule, Articles N

nhl 20 deutscher kommentator einstellen

As a part of Jhan Dhan Yojana, Bank of Baroda has decided to open more number of BCs and some Next-Gen-BCs who will rendering some additional Banking services. We as CBC are taking active part in implementation of this initiative of Bank particularly in the states of West Bengal, UP,Rajasthan,Orissa etc.

nhl 20 deutscher kommentator einstellen

We got our robust technical support team. Members of this team are well experienced and knowledgeable. In addition we conduct virtual meetings with our BCs to update the development in the banking and the new initiatives taken by Bank and convey desires and expectation of Banks from BCs. In these meetings Officials from the Regional Offices of Bank of Baroda also take part. These are very effective during recent lock down period due to COVID 19.

nhl 20 deutscher kommentator einstellen

Information and Communication Technology (ICT) is one of the Models used by Bank of Baroda for implementation of Financial Inclusion. ICT based models are (i) POS, (ii) Kiosk. POS is based on Application Service Provider (ASP) model with smart cards based technology for financial inclusion under the model, BCs are appointed by banks and CBCs These BCs are provided with point-of-service(POS) devices, using which they carry out transaction for the smart card holders at their doorsteps. The customers can operate their account using their smart cards through biometric authentication. In this system all transactions processed by the BC are online real time basis in core banking of bank. PoS devices deployed in the field are capable to process the transaction on the basis of Smart Card, Account number (card less), Aadhar number (AEPS) transactions.