Common use of Phone Banking Clause in Contracts

Phone Banking. 28.1. The Bank shall provide the Cardmember (may also to Supplementary Cardmember) with all the facilities, which are or may from time to time become part of the Phone Banking Service in respect of Card Accounts .The Cardmember accepts that at his or her request the Bank has agreed to provide the facility of availing the Phone Banking Service by giving instructions through telephone (which will be accepted by the Cardmember or his/her representatives either manually or by an automated system depending on its availability) apart from any written standing instructions or that may be given to the Bank by the Cardmember and At the request of the Cardmember the Bank may issue an ID or T PIN to the Cardmember for utilizing the Phone Banking Service. The Cardmember agree that the security of the T PIN and ID is the complete responsibility of the Cardmember. 28.2. The Cardmember shall not knowingly or unknowingly disclose the key to any person and shall take all precautions to prevent disclosure of the T PIN or ID to any person in any way and they shall be liable to the Bank for all Card transactions made with the same whether with / without the knowledge of the Cardmember. 28.3. In consideration of the Bank agreeing to act on the Cardmember’s oral instructions specified through the telephone in respect of such facilities as may be offered by the Bank from time to time as part of the Phone Banking Service, moreover the Cardmember (on behalf of himself /herself and his /her successor in title and assigns thereof) agrees and undertakes to indemnify the Bank and hold the Bank harmless against liabilities, losses, costs, damages, claims, actions, proceedings, demands and expenses of what so ever nature that may be suffered or sustained by the Bank as a result thereof. 28.4. Any person calling Phone Banking and providing details and necessary verifications will be able to give instructions through the telephone and the Bank does not undertake any responsibility and shall not be liable for carrying out instructions given through Phone Banking Service, even though 58 59 such instructions have not been issued with ▇▇▇▇▇▇▇▇▇▇’s authority. 28.5. The Bank has no obligation for establishing or verifying the identity or authority of any person or determining the validity of any transaction as long as where the person giving such instructions purportedly in the Cardmember’s name provides the Bank with the T PIN and other required information and the Bank shall not be liable for any acts done in pursuance of such telephonic instructions , regardless of the circumstances prevailing at the time of such Instructions , the nature of the agreement and banking agreement.

Phone Banking. 28.1. The Bank shall provide the Cardmember (may also to Supplementary Cardmember) with all the facilities, which are or may from time to time become part of the Phone Banking Service in respect of Card Accounts .The Cardmember accepts that at his or her request the Bank has agreed to provide the facility of availing the Phone Banking Service by giving instructions through telephone (which will be accepted by the Cardmember or his/her representatives either manually or by an automated system depending on its availability) apart from any written standing instructions or that may be given to the Bank by the Cardmember and At the request of the Cardmember the Bank may issue an ID or T PIN to the Cardmember for utilizing the Phone Banking Service. The Cardmember agree that the security of the T PIN and ID is the complete responsibility of the Cardmember. 28.2. The Cardmember shall not knowingly or unknowingly disclose the key to any person and shall take all precautions to prevent disclosure of the T PIN or ID to any person in any way and they shall be liable to the Bank for all Card transactions made with the same whether with / without the knowledge of the Cardmember. 28.3. In consideration of the Bank agreeing to act on the Cardmember’s oral instructions specified through the telephone in respect of such facilities as may be offered by the Bank from time to time as part of the Phone Banking Service, moreover the Cardmember (on behalf of himself /herself and his /her successor in title and assigns thereof) agrees and undertakes to indemnify the Bank and hold the Bank harmless against liabilities, losses, costs, damages, claims, actions, proceedings, demands and expenses of what so ever nature that may be suffered or sustained by the Bank as a result thereof. 28.4. Any person calling Phone Banking and providing details and necessary verifications will be able to give instructions through the telephone and the Bank does not undertake any responsibility and shall not be liable for carrying out instructions given through Phone Banking Service, even though 58 59 such instructions have not been issued with ▇▇▇▇▇▇▇▇▇▇’s authority. 28.5. The Bank has no obligation for establishing or verifying the identity or authority of any person or determining the validity of any transaction as long as where the person giving such instructions purportedly in the Cardmember’s name provides the Bank with the T PIN and other required information and the Bank shall not be liable for any acts done in pursuance of such telephonic instructions , regardless of the circumstances prevailing at the time of such Instructions , the nature of the agreement and banking agreement.