important terms and conditions of debit card - Abhyudaya Co ...

11) STATEMENT AND RECORDSi. The records of Card Transactions will be available on the account statement issued by the Bankand/or account passbook which is to be got updated by the customer. It will be obligatory on the partof the customer to get his passbook updated from the branch where he is maintaining Card account atleast once in a month. Any discrepancy in the statement or transactions must be reported by theCardholder to the Bank within 15 days from the statement date.ii. The Bank’s record of transactions processed by the use of the Card shall be conclusive and bindingfor all purposes.12) DISPUTESi. In case of purchase transactions, a sales slip with the signature of the Cardholder together with thecard number noted thereon shall be conclusive evidence between the Bank and the Cardholder as tothe extent of the liability incurred by the Cardholder. The Bank shall not be required to ensure thatthe Cardholder has received the goods purchased/availed of the services to his satisfaction.ii. The Bank shall make bonafide and reasonable efforts to resolve an aggrieved Cardholder’sdisagreement with an applicable charge indicated in the account statement/passbook or as otherwisedetermined by the customer within 45 days of the receipt of notice of disagreement. If after sucheffort Bank determines that the charge is correct then it shall communicate the same to theCardholder.iii. The Bank accepts no responsibility for the refusal by any establishment to honor the Card whetherdue to technical reason or otherwise.iv. This agreement will be construed in accordance with and governed by the laws of India. All disputesare subject to the exclusive jurisdiction of the Courts of Mumbai, India, irrespective of whether theapplication for issuance of card was submitted to any branch of the Bank, in India or even where anyother Court may have concurrent jurisdiction in the matter.v. The Cardholder shall be liable for all the costs associated with the collection of dues and legalexpenses.13) General1. You will promptly notify Abhyudaya Bank in writing of any change in your employment and/oroffice and/or residential address and telephone number.2. Abhyudaya Bank reserves the right to add, delete or modify any of the terms and conditions,policies, features and benefits which would be made available on the website of the Bankwww.abhyudayabank.co.in. Use of the card after update on the website constitutes your acceptanceto the revised terms.3. If a cardholder, by using the card, draws an amount in excess of the card balance available oroverdraft limit permitted by Abhyudaya Bank, the cardholder will pay Abhyudaya Bankunconditionally the entire amount overdrawn with interest and penalties, if any, at a rate of 18% p.aor such rate as the Bank may decide. However this should not be construed as an agreement, eitherexpressed or implied that Abhyudaya Bank is bound to grant any overdraft facility whatsoever.4. Abhyudaya Bank makes no representations about the quality of the goods and services offered bythird parties providing benefits such as discounts to Cardholders. Abhyudaya Bank will not beresponsible if the service is in any way deficient or otherwise unsatisfactory.14) LIMITATION OF BANK’S LIABILITYi. The Bank shall not be liable to the Customer or to any third party, for any loss or damage suffereddue to the following reasons:-