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

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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:-
a) Any action carried on by the Bank, based upon the instructions of the Customer by exercising duediligence and reasonable care.b) Any action carried on by the Bank in good faith based upon the instructions of the customer.c) Any unauthorized and illegal transactions occurring through the use of Bank Account(s), which canbe attributed to the fraudulent or negligent conduct of the customer.d) Intrusion or hacking into the computer system/network or communication network of the Bank.e) Failure to carry out any instructions of the Customer due to insufficiency of balance in theCustomer’s bank account(s).f) Failure of the customer to access the Bank account due to any Force Majeure Event or any TechnicalProblems or any other reason beyond the control of the Bank.g) Failure of the customer to inform the Bank when the Customer’s Bank account is being illegally usedby third parties for carrying out unauthorized and illegal transactions.h) Failure of the Customer to keep confidential and secure, PIN or any passwords, keywords or otheridentification marks given to the Customer for operating of the Bank account and/or card.i) Failure of the Customer to inform the Bank regarding any changes in the Customer’s Personalinformation or Account information or other material information.j) Violation of any foreign Lawk) Breach of any of the other terms and conditions stated herein by the customer. Under nocircumstances shall the Bank be liable for any damages, whatsoever whether such damages aredirect, indirect, incidental, consequential and irrespective of whether any claim is based on loss ofrevenue, investment, production, goodwill, profit, interruption of business or any other loss of anycharacter of whatsoever nature and whether sustained by the Customer or any other third party.15) Termination1. Abhyudaya Bank reserves the rights to cancel/withdraw the debit Card or any of the other servicesoffered at any time without prior notice and without assigning any reason.2. In the event that the cardholder decides to terminate the use of the VISA Card, the Cardholder shallgive Abhyudaya Bank not less than 7 days prior notice in writing and forthwith return the Card andany additional cardholder Cards (if not required) cut into several pieces through the magnetic strip, toAbhyudaya Bank. The Cardholder will be responsible for all the card facilities and related chargesincurred on the VISA Card after the Cardholder claims to have destroyed the Card, not withstandingthe termination of the applicability of these terms and conditions. The Cardholder will be responsiblefor all the charges incurred on the VISA Card whether or not the same are a result ofmisuse/fraudulent use and whether or not the Bank has been intimated of the destruction of the Card.3. The VISA Card issued by the Bank is the property of Abhyudaya Bank and must be returned to anOfficer of Abhyudaya Bank immediately and unconditionally upon request. Please ensure that theidentity of the Bank Officer is established by you before handing over your card.4. Abhyudaya Bank shall be entitled to terminate the VISA Card facility with immediate effect bysending written notice to the Cardholder and the Card shall be returned to the Bank upon theoccurrence of any of the following events:i) Failure to comply with the terms and conditions herein set forth.ii) An event of default under an agreement or commitment (contingent or otherwise) entered into withAbhyudaya Bank.iii) The Cardholder becoming the subject of any bankruptcy, insolvency proceedings or proceedings of asimilar nature.iv) Demise of the Cardholder.5. If there is any change in the features of the Card and it is deemed necessary by the Bank to withdrawsuch cards then also the VISA Card should be returned to Abhyudaya Bank prior to the date uponwhich any changes are to take effect. In case of the Cardholder’s rejection of any of the proposedchanges to the features, charge or terms and conditions applicable to the Card, even then the VISAcard should be returned to Abhyudaya Bank.
Page 1 and 2: IMPORTANT TERMS AND CONDITIONS OF D
Page 3 and 4: 2. Card Holder’s Obligationsi) Th
Page 5 and 6: 4) ATM USAGEi) The Card is accepted
Page 7: must confirm the same in writing to
Page 11 and 12: complete. If you provide any Regist
Page 13: ) We may temporarily or permanently

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