Common use of Points Accrual Clause in Contracts

Points Accrual. 35.7.1 The Bank may award, based on individual product features, a certain amount of points for every unit of Rupees spent on specific categories of domestic/ international purchase transactions of goods/services. 35.7.2 The Bank will stop awarding any reward points to a Cardholder whose Card Account(s) is not in good standing. 35.7.3 Points will not be accrued on Card Transactions that are subsequently reversed. Any points already credited for such Card Transactions will be debited. 35.7.4 The Bank, at its sole discretion, may also award points for any other Card Transactions either for a specific period or for specific situations/promotional schemes. 35.7.5 Points will not be awarded to Cardholders towards Card Transactions involving Cash Advances, EMI payments, Balance Transfer transactions, and fees such as joining fee, annual fee, Add-On Card fee, interest charges, or any other fee/charges. 35.7.6 The Bank reserves the right to specify the maximum number of points that will be awarded to a Cardholder in a given period. The Cardholder will not accrue any further reward points for that time period, once the maximum number of points as specified by the Bank is reached. 35.7.7 The above list of Card Transactions may be modified by the Bank at its discretion under intimation to the Cardholder. 35.7.8 Points will accrue to the individual Card Accounts in the case of eligible Primary, Add-On Cards. Points accrued by any Add-On Cards will automatically accrue to the Primary Card Account on which the Add-On Cards are issued and not to any other Card Account. 35.7.9 No accumulation or carry over or redemption of points will be permissible, if on the relevant date any Card, be it a Primary, Addon or any other Card has been withdrawn or closed or cancelled or reinstated or is liable to be cancelled/withdrawn because of any breach of the terms and conditions of the Card herein. 35.7.10 The points will lapse in the event that such a Card Account is closed either voluntarily by the Cardholder or by the Bank at its discretion. Should the Card Account be reinstated either by the Cardholder or by IndusInd Bank, the Cardholder will not get the benefit of any points accrued prior to cancellation or withdrawal or closure of the Card Account. 35.7.11 In the event of voluntary closure of the Card by a Cardholder, the points that are in the Card Account can be redeemed within a month of such closure. Failure to redeem these points within such period will cause the points to automatically lapse or expire. 35.7.12 A Cardholder cannot transfer any points to another person.

Points Accrual. 35.7.1 The Bank may award, based on individual product features, a certain amount of points for every unit of Rupees spent on specific categories of domestic/ domestic/international purchase transactions of goods/services. 35.7.2 The Bank will stop awarding any reward points to a Cardholder whose Card Account(s) is not in good standing. 35.7.3 Points will not be accrued on Card Transactions that are subsequently reversed. Any points already credited for such Card Transactions will be debited. 35.7.4 The Bank, at its sole discretion, may also award points for any other Card Transactions either for a specific period or for specific situations/promotional schemes. 35.7.5 Points will not be awarded to Cardholders towards Card Transactions involving Cash Advances, EMI payments, Balance Transfer transactions, and fees such as joining fee, annual fee, Add-On Card fee, interest charges, or any other fee/charges. 35.7.6 The Bank reserves the right to specify the maximum number of points that will be awarded to a Cardholder in a given period. The Cardholder will not accrue any further reward points for that time period, once the maximum number of points as specified by the Bank is reached. 35.7.7 The above list of Card Transactions may be modified by the Bank at its discretion under intimation to the Cardholder. 35.7.8 Points will accrue to the individual Card Accounts in the case of eligible Primary, Add-On Cards. Points accrued by any Add-On Cards will automatically accrue to the Primary Card Account on which the Add-On Cards are issued and not to any other Card Account. 35.7.9 No accumulation or carry over or redemption of points will be permissible, if on the relevant date any Card, be it a Primary, Addon or any other Card has been withdrawn or closed or cancelled or reinstated or is liable to be cancelled/withdrawn because of any breach of the terms and conditions of the Card herein. 35.7.10 The points will lapse in the event that such a Card Account is closed either voluntarily by the Cardholder or by the Bank at its discretion. Should the Card Account be reinstated either by the Cardholder or by IndusInd Bank, the Cardholder will not get the benefit of any points accrued prior to cancellation or withdrawal or closure of the Card Account. 35.7.11 In the event of voluntary closure of the Card by a Cardholder, the points that are in the Card Account can be redeemed within a month of such closure. Failure to redeem these points within such period will cause the points to automatically lapse or expire. 35.7.12 A Cardholder cannot transfer any points to another person.

Points Accrual. ꞉ 35.7.1 The Bank may award, based on individual product features, a certain amount of points for every unit of Rupees spent on specific categories of domestic/ international purchase transactions of goods/services. 35.7.2 The Bank will stop awarding any reward points to a Cardholder whose Card Account(s) is not in good standing. 35.7.3 Points will not be accrued on Card Transactions that are subsequently reversed. Any points already credited for such Card Transactions will be debited. 35.7.4 The Bank, at its sole discretion, may also award points for any other Card Transactions either for a specific period or for specific situations/promotional schemes. 35.7.5 Points will not be awarded to Cardholders towards Card Transactions involving Cash Advances, EMI payments, Balance Transfer transactions, and fees such as joining fee, annual fee, Add-On Add‑On Card fee, interest charges, or any other fee/charges. 35.7.6 The Bank reserves the right to specify the maximum number of points that will be awarded to a Cardholder in a given period. The Cardholder will not accrue any further reward points for that time period, once the maximum number of points as specified by the Bank is reached. 35.7.7 The above list of Card Transactions may be modified by the Bank at its discretion under intimation to the Cardholder. 35.7.8 Points will accrue to the individual Card Accounts in the case of eligible Primary, Add-On Add‑On Cards. Points accrued by any Add-On Add‑On Cards will automatically accrue to the Primary Card Account on which the Add-On Add‑On Cards are issued and not to any other Card Account. 35.7.9 No accumulation or carry over or redemption of points will be permissible, if on the relevant date any Card, be it a Primary, Addon or any other Card has been withdrawn or closed or cancelled or reinstated or is liable to be cancelled/withdrawn because of any breach of the terms and conditions of the Card herein. 35.7.10 The points will lapse in the event that such a Card Account is closed either voluntarily by the Cardholder or by the Bank at its discretion. Should the Card Account be reinstated either by the Cardholder or by IndusInd Bank, the Cardholder will not get the benefit of any points accrued prior to cancellation or withdrawal or closure of the Card Account. 35.7.11 In the event of voluntary closure of the Card by a Cardholder, the points that are in the Card Account can be redeemed within a month of such closure. Failure to redeem these points within such period will cause the points to automatically lapse or expire. 35.7.12 A Cardholder cannot transfer any points to another person.

Points Accrual. ꞉ 35.7.1 The Bank may award, based on individual product features, a certain amount of points for every unit of Rupees spent on specific categories of domestic/ R u p e e s s p e n t o n s p e c i f i c c a t e g o r i e s o f domestic/international purchase transactions of goods/services. 35.7.2 The Bank will stop awarding any reward points to a Cardholder whose Card Account(s) is not in good standing. 35.7.3 Points will not be accrued on Card Transactions that are subsequently reversed. Any points already credited for such Card Transactions will be debited. 35.7.4 The Bank, at its sole discretion, may also award points for any other Card Transactions either for a specific period or for specific situations/promotional schemes. 35.7.5 Points will not be awarded to Cardholders towards Card Transactions involving Cash Advances, EMI payments, Balance Transfer transactions, and fees such as joining fee, annual fee, Add-On Card fee, interest charges, or any other fee/charges. 35.7.6 The Bank reserves the right to specify the maximum number of points that will be awarded to a Cardholder in a given period. The Cardholder will not accrue any further reward points for that time period, once the maximum number of points as specified by the Bank is reached. 35.7.7 The above list of Card Transactions may be modified by the Bank at its discretion under intimation to the Cardholder. 35.7.8 Points will accrue to the individual Card Accounts in the case of eligible Primary, Add-On Cards. Points accrued by any Add-On Cards will automatically accrue to the Primary Card Account on which the Add-On Cards are issued and not to any other Card Account. 35.7.9 No accumulation or carry over or redemption of points will be permissible, if on the relevant date any Card, be it a Primary, Addon or any other Card has been withdrawn or closed or cancelled or reinstated or is liable to be cancelled/withdrawn because of any breach of the terms and conditions of the Card herein. 35.7.10 The points will lapse in the event that such a Card Account is closed either voluntarily by the Cardholder or by the Bank at its discretion. Should the Card Account be reinstated either by the Cardholder or by IndusInd Bank, the Cardholder will not get the benefit of any points accrued prior to cancellation or withdrawal or closure of the Card Account. 35.7.11 In the event of voluntary closure of the Card by a Cardholder, the points that are in the Card Account can be redeemed within a month of such closure. Failure to redeem these points within such period will cause the points to automatically lapse or expire. 35.7.12 A Cardholder cannot transfer any points to another person.

Points Accrual. 35.7.1 36.7.1 The Bank may award, based on individual product features, a certain amount of points for every unit of Rupees spent on specific categories of domestic/ domestic/international purchase transactions of goods/services. 35.7.2 36.7.2 The Bank will stop awarding any reward points to a Cardholder whose Card Account(s) is not in good standing. 35.7.3 36.7.3 Points will not be accrued on Card Transactions that are subsequently reversed. Any points already credited for such Card Transactions will be debited. 35.7.4 36.7.4 The Bank, at its sole discretion, may also award points for any other Card Transactions either for a specific period or for specific situations/promotional schemes. 35.7.5 36.7.5 Points will not be awarded to Cardholders towards Card Transactions involving Cash Advances, EMI payments, Balance Transfer transactions, and fees such as joining fee, annual fee, Add-On Card fee, interest charges, or any other fee/charges. 35.7.6 36.7.6 The Bank reserves the right to specify the maximum number of points that will be awarded to a Cardholder in a given period. The Cardholder will not accrue any further reward points for that time period, once the maximum number of points as specified by the Bank is reached. 35.7.7 36.7.7 The above list of Card Transactions may be modified by the Bank at its discretion under intimation to the Cardholder. 35.7.8 36.7.8 Points will accrue to the individual Card Accounts in the case of eligible Primary, Add-On Cards. Points accrued by any Add-On Cards will automatically accrue to the Primary Card Account on which the Add-On Cards are issued and not to any other Card Account. 35.7.9 36.7.9 No accumulation or carry over or redemption of points will be permissible, if on the relevant date any Card, be it a Primary, Addon or any other Card has been withdrawn or closed or cancelled or reinstated or is liable to be cancelled/withdrawn because of any breach of the terms and conditions of the Card herein. 35.7.10 36.7.10 The points will lapse in the event that such a Card Account is closed either voluntarily by the Cardholder or by the Bank at its discretion. Should the Card Account be reinstated either by the Cardholder or by IndusInd Bank, the Cardholder will not get the benefit of any points accrued prior to cancellation or withdrawal or closure of the Card Account. 35.7.11 36.7.11 In the event of voluntary closure of the Card by a Cardholder, the points that are in the Card Account can be redeemed within a month of such closure. Failure to redeem these points within such period will cause the points to automatically lapse or expire. 35.7.12 36.7.12 A Cardholder cannot transfer any points to another person.