Usage of the Card. 6.1 The Card shall be acceptable only for transactions as permitted by the Bank from time-to-time in India and abroad at the PA and Terminal as well as other payment methods as designated by the Bank from time-to-time 6.2 The Card may be used only by the Cardholder to whom it has been assigned. 6.3 The Cardholder is entitled to make purchases up to the maximum credit limit and withdraw cash up to the maximum cash allocated on the Card. 6.4 Except where a Card Transaction is effected by means of a PIN for a mail or telephone order or Online transaction where transaction is effected by providing an additional authentication by way of Verified by Visa(VBV)/ Mastersecure/American Express SakeKeySM, the Cardholder must sign a sales voucher, a cash advance voucher or a refund voucher, as the case may be, every time the Cardholder uses the Card. By signing the voucher, the Cardholder confirms that the information on it is correct. The Cardholder will be liable for and must repay the Bank all amounts the Bank pays in respect of the Card Transactions. If the Cardholder does not sign the relevant voucher(s), the Cardholder will still be liable to the Bank. 6.5 The Bank will debit the Card Account(s) for the value of all purchases of goods or services, cash, fees, charges and payments payable by the use of the Card. All Card Transactions will be reflected in the Account Statement relating to the Card Account(s). Such Statements shall be sent to the Cardholder every month through a delivery mode specified by the Bank. 6.6 A GST, at the current rate, as notified by Ministry of Finance, Government of India is applicable on all fees,interest and other charges as per the Government ofIndia regulations. The Cardholder will be bound to pay the Bank for the same. The rate of GST is subject to change as notified by the Central Government from time- to-time. The Cardholder also agrees to pay any other applicable tax that might be announced by the Government from time-to-time. 6.7 When a Cardholder uses the Card outside India, a Foreign Currency Mark-up will be charged for all Card Transactions. The rate of exchange used for all international Card Transactions will be determined by the Bank. 6.8 The Cardholder must be fully familiar and comply with all the applicable exchange control regulations when the Cardholder uses the Card outside India. Card Transactions made in foreign currencies will be shown on the statement in Indian Rupees. 6.9 The Bank will normally debit the Card Account of the Cardholder for a transaction within 30 days. 6.10 All communication sent to the primary Cardholder shall be deemed to be sent to both(Primary and Add-on Cardholder/s). 6.11 The Bank may, at its discretion, decide not to carry out any such instructions where it has reason to believe that the instructions are not genuine or are unclear or are such as to raise a doubt or are otherwise improper and cannot be put into effect for whatsoever reasons. 6.12 Card promotional material or VISA/MasterCard/ American Express Global Network/RuPay Services/ Other Networks symbol displayed on any premises is not a warranty that all goods and services available at those premises can be purchased with the Card. 6.13 The Cardholder further authorises the Bank, in addition to any other right enjoyed by the Bank, that the Bank shall be entitled, subject to applicable law and guidelines issued by the Reserve Bank of India (RBI) from time-to- time, without being required to issue any further notice to this intent to the Cardholder, to disclose and disseminate to the Reserve Bank of India or to a court of law or any other competent authority or to any third person, as the case may be, the credit information of the Card member in its possession. 6.14 The Cardholder acknowledges that, as per extant business practices, the Bank is authorised to share Cardholder’s information with any existing or future Credit Bureaus as deemed fit by the Bank from time-to- time. The Cardholder further acknowledges that the Bank is entitled to share such information without any notice to this intent to the Cardholder, and such information may pertain to positive or negative performance/default by the Cardholder. 6.15 The Cardholder expressly recognises and accepts that the Bank shall, without prejudice to its right to perform such activities itself or through its officers or employees, be entitled with full power and authority to appoint one or more third parties as the Bank may select and to delegate to such third party all or any of its functions, rights and powers under the Cardholder Agreement relating to operations and administration of the Credit Card including the right and authority to collect and receive on behalf of the Bank from the Cardholder any payments and other amounts due from the Cardholder under the Cardholder Agreement and to perform and execute all lawful acts, deeds, matters and things connected therewith and incidental thereto including sending notices, contacting the Cardholder, receiving cash/cheques/drafts/mandates from the Cardholder and giving valid and effectual receipts and discharge to the Cardholder. For the purpose aforesaid, the Bank shall be entitled to disclose to such third parties all necessary or relevant information pertaining to the Cardholder and the Credit Card and the Cardholder hereby consents to such disclosure by the Bank. 6.16 Notwithstanding the above, in the event of any default by the Cardholder, the Cardholder expressly accepts and authorises the Bank (and/or any such third party as the Bank may select) to contact third parties (including the family members of the holder and disclose all necessary or relevant information pertaining to the Cardholder and the Credit Card and the Cardholder hereby consents to such disclosure by the Bank (and/or any such third party as the Bank may select). 6.17 It is understood that the Card or Add-On Cards may be dispatched to the Cardholder on the basis of, amongst other modes of applying, the Cardholder's application on an electronic medium (Internet/email). 6.18 The Cardholder cannot cede or delegate any rights or obligations arising out of these terms and conditions of use in respect of the Card, Card Account, Card Number and/or credit facility. 6.19 Every cardholder will be notified of their overdue amount and payment due date by Post, Telephone, E-mail, SMS/WhatsApp messaging and/or engaging third parties to remind, follow-up and collect outstanding dues. In the interest of the Bank, the cardholder expressly recognizes, accepts and authorizes the Bank to collect relevant information from third parties (including family members, friends etc. of the cardholder) from time to time to clear overdues on the card account. IndusInd Bank shall not be obliged to disclose the source of information from where it was received with the cardholder. 6.20 The Cardholder agrees and understand that the usage of the usage of the Card shall be subject to applicable statutory, regulatory and Bank’s rules, regulations and guidelines, as amended from time-to-time. To ensure compliance of the same, the Cardholder hereby agrees and provide its consent to the Bank, to undertake periodic checks on the usage on the Card to identify excess utilization of the Credit limit beyond the sanctioned limit in one statement cycle, unusual or excessive usage towards commercial/business/non- personal related transactions, mis-use of features/ offers/programs for accumulation of undue Cashback/ other benefits, etc. If the Bank suspects of any such unusual spends or activities in Card Account, the Bank may, in its sole discretion, take restrictive action on the Card/Card Account. Such action shall be effective immediately and without any prior notice to the Cardholder and may include but not be limited to withdrawal of features/benefits as well as suspension or termination of the Card. The Bank may reinstate the Card with or without the additional benefits/features, as it may deem fit, upon the Cardholder providing proof of bonafide usage, satisfactory to the Bank. The decision of the Bank well be final and binding on the Cardholder in this regard.
Appears in 2 contracts
Sources: Credit Card Agreement, Credit Card Agreement
Usage of the Card. 6.1 The Card shall be acceptable only for transactions as permitted by the Bank from time-to-time time‑to‑time in India and abroad at the PA and Terminal as well as other payment methods as designated by the Bank from time-to-timetime‑to‑time
6.2 The Card may be used only by the Cardholder to whom it has been assigned.
6.3 The Cardholder is entitled to make purchases up to the maximum credit limit and withdraw cash up to the maximum cash allocated on the Card.
6.4 Except where a Card Transaction is effected by means of a PIN for a mail or telephone order or Online transaction where transaction is effected by providing an additional authentication by way of Verified by Visa(VBV)/ Mastersecure/American Express SakeKeySM, the Cardholder must sign a sales voucher, a cash advance voucher or a refund voucher, as the case may be, every time the Cardholder uses the Card. By signing the voucher, the Cardholder confirms that the information on it is correct. The Cardholder will be liable for and must repay the Bank all amounts the Bank pays in respect of the Card Transactions. If the Cardholder does not sign the relevant voucher(s), the Cardholder will still be liable to the Bank.
6.5 The Bank will debit the Card Account(s) for the value of all purchases of goods or services, cash, fees, charges and payments payable by the use of the Card. All Card Transactions will be reflected in the Account Statement relating to the Card Account(s). Such Statements shall be sent to the Cardholder every month through a delivery mode specified by the Bank.
6.6 A GST, at the current rate, as notified by Ministry of Finance, Government of India is applicable on all fees,interest and other charges as per the Government ofIndia regulations. The Cardholder will be bound to pay the Bank for the same. The rate of GST is subject to change as notified by the Central Government from time- to-timetime‑ to‑time. The Cardholder also agrees to pay any other applicable tax that might be announced by the Government from time-to-timetime‑to‑time.
6.7 When a Cardholder uses the Card outside India, a Foreign Currency Mark-up Mark‑up will be charged for all Card Transactions. The rate of exchange used for all international Card Transactions will be determined by the Bank.
6.8 The Cardholder must be fully familiar and comply with all the applicable exchange control regulations when the Cardholder uses the Card outside India. Card Transactions made in foreign currencies will be shown on the statement in Indian Rupees.
6.9 The Bank will normally debit the Card Account of the Cardholder for a transaction within 30 days.
6.10 All communication sent to the primary Cardholder shall be deemed to be sent to both(Primary and Add-on Add‑on Cardholder/s).
6.11 The Bank may, at its discretion, decide not to carry out any such instructions where it has reason to believe that the instructions are not genuine or are unclear or are such as to raise a doubt or are otherwise improper and cannot be put into effect for whatsoever reasons.
6.12 Card promotional material or VISA/MasterCard/ American Express Global Network/RuPay Services/ Other Networks symbol displayed on any premises is not a warranty that all goods and services available at those premises can be purchased with the Card.
6.13 The Cardholder further authorises the Bank, in addition to any other right enjoyed by the Bank, that the Bank shall be entitled, subject to applicable law and guidelines issued by the Reserve Bank of India (RBI) from time-to- time‑to‑ time, without being required to issue any further notice to this intent to the Cardholder, to disclose and disseminate to the Reserve Bank of India or to a court of law or any other competent authority or to any third person, as the case may be, the credit information of the Card member in its possession.
6.14 The Cardholder acknowledges that, as per extant business practices, the Bank is authorised to share Cardholder’s information with any existing or future Credit Bureaus as deemed fit by the Bank from time-to- time‑to‑ time. The Cardholder further acknowledges that the Bank is entitled to share such information without any notice to this intent to the Cardholder, and such information may pertain to positive or negative performance/default by the Cardholder.
6.15 The Cardholder expressly recognises and accepts that the Bank shall, without prejudice to its right to perform such activities itself or through its officers or employees, be entitled with full power and authority to appoint one or more third parties as the Bank may select and to delegate to such third party all or any of its functions, rights and powers under the Cardholder Agreement relating to operations and administration of the Credit Card including the right and authority to collect and receive on behalf of the Bank from the Cardholder any payments and other amounts due from the Cardholder under the Cardholder Agreement and to perform and execute all lawful acts, deeds, matters and things connected therewith and incidental thereto including sending notices, contacting the Cardholder, receiving cash/cheques/drafts/mandates from the Cardholder and giving valid and effectual receipts and discharge to the Cardholder. For the purpose aforesaid, the Bank shall be entitled to disclose to such third parties all necessary or relevant information pertaining to the Cardholder and the Credit Card and the Cardholder hereby consents to such disclosure by the Bank.
6.16 Notwithstanding the above, in the event of any default by the Cardholder, the Cardholder expressly accepts and authorises the Bank (and/or any such third party as the Bank may select) to contact third parties (including the family members of the holder and disclose all necessary or relevant information pertaining to the Cardholder and the Credit Card and the Cardholder hereby consents to such disclosure by the Bank (and/or any such third party as the Bank may select).
6.17 It is understood that the Card or Add-On Add‑On Cards may be dispatched to the Cardholder on the basis of, amongst other modes of applying, the Cardholder's application on an electronic medium (Internet/email).
6.18 The Cardholder cannot cede or delegate any rights or obligations arising out of these terms and conditions of use in respect of the Card, Card Account, Card Number and/or credit facility.
6.19 Every cardholder will be notified of their overdue amount and payment due date by Post, Telephone, E-mailE‑mail, SMS/WhatsApp messaging and/or engaging third parties to remind, follow-up follow‑up and collect outstanding dues. In the interest of the Bank, the cardholder expressly recognizes, accepts and authorizes the Bank to collect relevant information from third parties (including family members, friends etc. of the cardholder) from time to time to clear overdues on the card account. IndusInd Bank shall not be obliged to disclose the source of information from where it was received with the cardholder.
6.20 The Cardholder agrees and understand that the usage of the usage of the Card shall be subject to applicable statutory, regulatory and Bank’s rules, regulations and guidelines, as amended from time-to-timetime‑to‑time. To ensure compliance of the same, the Cardholder hereby agrees and provide its consent to the Bank, to undertake periodic checks on the usage on the Card to identify excess utilization of the Credit limit beyond the sanctioned limit in one statement cycle, unusual or excessive usage towards commercial/business/non- non‑ personal related transactions, mis-use mis‑use of features/ offers/programs for accumulation of undue Cashback/ other benefits, etc. If the Bank suspects of any such unusual spends or activities in Card Account, the Bank may, in its sole discretion, take restrictive action on the Card/Card Account. Such action shall be effective immediately and without any prior notice to the Cardholder and may include but not be limited to withdrawal of features/benefits as well as suspension or termination of the Card. The Bank may reinstate the Card with or without the additional benefits/features, as it may deem fit, upon the Cardholder providing proof of bonafide usage, satisfactory to the Bank. The decision of the Bank well be final and binding on the Cardholder in this regard.
Appears in 1 contract
Sources: Cardholders Agreement
Usage of the Card. 6.1 The Card shall be acceptable only for transactions as permitted by the Bank from time-to-time in India and abroad at the PA and Terminal as well as other payment methods as designated by the Bank from time-to-time
6.2 The Card may be used only by the Cardholder to whom it has been assigned.
6.3 The Cardholder is entitled to make purchases up to the maximum credit limit and withdraw cash up to the maximum cash allocated on the Card.
6.4 Except where a Card Transaction is effected by means of a PIN for a mail or telephone order or Online transaction where transaction is effected by providing an additional authentication by way of Verified by Visa(VBV)/ Mastersecure/Visa( VBV)/ Mastersecure/ American Express SakeKeySM, the Cardholder must sign a sales voucher, a cash advance voucher or a refund voucher, as the case may be, every time the Cardholder uses the Card. By signing the voucher, the Cardholder confirms that the information on it is correct. The Cardholder will be liable for and must repay the Bank all amounts the Bank pays in respect of the Card Transactions. If the Cardholder does not sign the relevant voucher(s), the Cardholder will still be liable to the Bank.
6.5 The Bank will debit the Card Account(s) for the value of all purchases of goods or services, cash, fees, charges and payments payable by the use of the Card. All Card Transactions will be reflected in the Account Statement relating to the Card Account(s). Such Statements shall be sent to the Cardholder every month through a delivery mode specified by the Bank.
6.6 A GST, at the current rate, as notified by Ministry of Finance, Government of India is applicable on all fees,, interest and other charges as per the Government ofIndia of India regulations. The Cardholder will be bound to pay the Bank for the same. The rate of GST is subject to change as notified by the Central Government from time- time-to-time. The Cardholder also agrees to pay any other applicable tax that might be announced by the Government from time-to-time.
6.7 When a Cardholder uses the Card outside India, a Foreign Currency Mark-up will be charged for all Card Transactions. The rate of exchange used for all international Card Transactions will be determined by the Bank.
6.8 The Cardholder must be fully familiar and comply with all the applicable exchange control regulations when the Cardholder uses the Card outside India. Card Transactions made in foreign currencies will be shown on the statement in Indian Rupees.
6.9 The Bank will normally debit the Card Account of the Cardholder for a transaction within 30 days.
6.10 All communication sent to the primary Cardholder shall be deemed to be sent to both(Primary and Add-on Cardholder/s).
6.11 The Bank may, at its discretion, decide not to carry out any such instructions where it has reason to believe that the instructions are not genuine or are unclear or are such as to raise a doubt or are otherwise improper and cannot be put into effect for whatsoever reasons.
6.12 Card promotional material or VISA/MasterCard/ American Express Global NetworkNetwork Services/RuPay Services/ Other Networks symbol displayed on any premises is not a warranty that all goods and services available at those premises can be purchased with the Card.
6.13 The Cardholder further authorises the Bank, in addition to any other right enjoyed by the Bank, that the Bank shall be entitled, subject to applicable law and guidelines issued by the Reserve Bank of India (RBI) from time-to- to-time, without being required to issue any further notice to this intent to the Cardholder, to disclose and disseminate to the Reserve Bank of India or to a court of law or any other competent authority or to any third person, as the case may be, the credit information of the Card member in its possession.
6.14 The Cardholder acknowledges that, as per extant business practices, the Bank is authorised to share Cardholder’s information with any existing or future Credit Bureaus as deemed fit by the Bank from time-to- to-time. The Cardholder further acknowledges that the Bank is entitled to share such information without any notice to this intent to the Cardholder, and such information may pertain to positive or negative performance/default by the Cardholder.
6.15 The Cardholder expressly recognises and accepts that the Bank shall, without prejudice to its right to perform such activities itself or through its officers or employees, be entitled with full power and authority to appoint one or more third parties as the Bank may select and to delegate to such third party all or any of its functions, rights and powers under the Cardholder Agreement relating to operations and administration of the Credit Card including the right and authority to collect and receive on behalf of the Bank from the Cardholder any payments and other amounts due from the Cardholder under the Cardholder Agreement and to perform and execute all lawful acts, deeds, matters and things connected therewith and incidental thereto including sending notices, contacting the Cardholder, receiving cash/cheques/drafts/mandates from the Cardholder and giving valid and effectual receipts and discharge to the Cardholder. For the purpose aforesaid, the Bank shall be entitled to disclose to such third parties all necessary or relevant information pertaining to the Cardholder and the Credit Card and the Cardholder hereby consents to such disclosure by the Bank.
6.16 Notwithstanding Not withstanding the above, in the event of any default by the Cardholder, the Cardholder expressly accepts and authorises the Bank (and/or any such third party as the Bank may select) to contact third parties (including the family members of the holder and disclose all necessary or relevant information pertaining to the Cardholder and the Credit Card and the Cardholder hereby consents to such disclosure by the Bank (and/or any such third party as the Bank may select).
6.17 It is understood that the Card or Add-On Cards may be dispatched to the Cardholder on the basis of, amongst other modes of applying, the Cardholder's application on an electronic medium (Internet/email).
6.18 The Cardholder cannot cede or delegate any rights or obligations arising out of these terms and conditions of use in respect of the Card, Card Account, Card Number and/or credit facility.
6.19 Every cardholder will be notified of their overdue amount and payment due date by Post, Telephone, E-mail, SMS/SMS/ WhatsApp messaging and/or engaging third parties to partes io remind, follow-up and collect outstanding dues. In the interest of the Bank, the cardholder expressly recognizes, accepts and authorizes the Bank to collect relevant information from third parties (including family members, friends etc. of the cardholder) from time to time to clear overdues on the card account. IndusInd Bank shall not be obliged to disclose the source of information from where it was received with the cardholder.
6.20 The Cardholder agrees and understand that the usage of the usage of the Card shall be subject to applicable statutory, regulatory and Bank’s 's rules, regulations and guidelines, as amended from ▇▇▇ time-to-time. To ensure compliance of the same, the Cardholder hereby agrees and provide its consent to the Bank, to undertake periodic checks on the usage on the Card to identify identity excess utilization of the Credit limit beyond the sanctioned limit in one statement cycle, unusual or excessive usage towards commercial/business/non- non-personal related transactions, mis-use of features/ features/offers/programs for accumulation of undue Cashback/ other Cashback /other benefits, etc. If the Bank suspects of any such unusual spends or activities in Card Account, the Bank may, in its sole discretion, take restrictive action on the Card/Card Account. Such action shall be effective immediately and without any prior notice to the Cardholder and may include but not be limited to withdrawal of features/benefits as well as suspension or termination of the Card. The Bank may reinstate reinstan the Card with or without the additional benefits/features, as it may deem fit, upon the Cardholder providing proof of bonafide usage, satisfactory to the Bank. The decision of the Bank well will be final and binding on the Cardholder in this regard.
Appears in 1 contract
Sources: Credit Card Holder Agreement
Usage of the Card. 6.1 The Card shall be acceptable only for transactions as permitted by the Bank from time-to-time in India and abroad at the PA and Terminal as well as other payment methods as designated by the Bank from time-to-time
6.2 The Card may be used only by the Cardholder to whom it has been assigned.
6.3 The Cardholder is entitled to make purchases up to the maximum credit limit and withdraw cash up to the maximum cash allocated on the Card.
6.4 Except where a Card Transaction is effected by means of a PIN for a mail or telephone order or Online transaction where transaction is effected by providing an additional authentication by way of Verified by Visa(VBV)/ Mastersecure/Mastersecure/ American Express SakeKeySM, the Cardholder must sign a sales voucher, a cash advance voucher or a refund voucher, as the case may be, every time the Cardholder uses the Card. By signing the voucher, the Cardholder confirms that the information on it is correct. The Cardholder will be liable for and must repay the Bank all amounts the Bank pays in respect of the Card Transactions. If the Cardholder does not sign the relevant voucher(s), the Cardholder will still be liable to the Bank.
6.5 The Bank will debit the Card Account(s) for the value of all purchases of goods or services, cash, fees, charges and payments payable by the use of the Card. All Card Transactions will be reflected in the Account Statement relating to the Card Account(s). Such Statements shall be sent to the Cardholder every month through a delivery mode specified by the Bank.
6.6 A GST, at the current rate, as notified by Ministry of Finance, Government of India is applicable on all fees,, interest and other charges as per the Government ofIndia of India regulations. The Cardholder will be bound to pay the Bank for the same. The rate of GST is subject to change as notified by the Central Government from time- time-to-time. The Cardholder also agrees to pay any other applicable tax that might be announced by the Government from time-to-time.
6.7 When a Cardholder uses the Card outside India, a Foreign Currency Mark-up will be charged for all Card Transactions. The rate of exchange used for all international Card Transactions will be determined by the Bank.
6.8 The Cardholder must be fully familiar and comply with all the applicable exchange control regulations when the Cardholder uses the Card outside India. Card Transactions made in foreign currencies will be shown on the statement in Indian Rupees.
6.9 The Bank will normally debit the Card Account of the Cardholder for a transaction within 30 days.
6.10 All communication sent to the primary Cardholder shall be deemed to be sent to both(Primary and Add-on Cardholder/s).
6.11 The Bank may, at its discretion, decide not to carry out any such instructions where it has reason to believe that the instructions are not genuine or are unclear or are such as to raise a doubt or are otherwise improper and cannot be put into effect for whatsoever reasons.
6.12 Card promotional material or VISA/MasterCard/ American Express Global NetworkNetwork Services/RuPay Services/ Other Networks symbol displayed on any premises is not a warranty that all goods and services available at those premises can be purchased with the Card.
6.13 The Cardholder further authorises the Bank, in addition to any other right enjoyed by the Bank, that the Bank shall be entitled, subject to applicable law and guidelines issued by the Reserve Bank of India (RBI) from time-to- to-time, without being required to issue any further notice to this intent to the Cardholder, to disclose and disseminate to the Reserve Bank of India or to a court of law or any other competent authority or to any third person, as the case may be, the credit information of the Card member in its possession.
6.14 The Cardholder acknowledges that, as per extant business practices, the Bank is authorised to share Cardholder’s information with any existing or future Credit Bureaus as deemed fit by the Bank from time-to- to-time. The Cardholder further acknowledges that the Bank is entitled to share such information without any notice to this intent to the Cardholder, and such information may pertain to positive or negative performance/default by the Cardholder.
6.15 The Cardholder expressly recognises and accepts that the Bank shall, without prejudice to its right to perform such activities itself or through its officers or employees, be entitled with full power and authority to appoint one or more third parties as the Bank may select and to delegate to such third party all or any of its functions, rights and powers under the Cardholder Agreement relating to operations and administration of the Credit Card including the right and authority to collect and receive on behalf of the Bank from the Cardholder any payments and other amounts due from the Cardholder under the Cardholder Agreement and to perform and execute all lawful acts, deeds, matters and things connected therewith and incidental thereto including sending notices, contacting the Cardholder, receiving cash/cheques/drafts/mandates from the Cardholder and giving valid and effectual receipts and discharge to the Cardholder. For the purpose aforesaid, the Bank shall be entitled to disclose to such third parties all necessary or relevant information pertaining to the Cardholder and the Credit Card and the Cardholder hereby consents to such disclosure by the Bank.
6.16 Notwithstanding the above, in the event of any default by the Cardholder, the Cardholder expressly accepts and authorises the Bank (and/or any such third party as the Bank may select) to contact third parties (including the family members of the holder and disclose all necessary or relevant information pertaining to the Cardholder and the Credit Card and the Cardholder hereby consents to such disclosure by the Bank (and/or any such third party as the Bank may select).
6.17 It is understood that the Card or Add-On Cards may be dispatched to the Cardholder on the basis of, amongst other modes of applying, the Cardholder's application on an electronic medium (Internet/email).
6.18 The Cardholder cannot cede or delegate any rights or obligations arising out of these terms and conditions of use in respect of the Card, Card Account, Card Number and/or credit facility.
6.19 Every cardholder will be notified of their overdue amount and payment due date by Post, Telephone, E-mail, SMS/WhatsApp messaging and/or engaging third parties to remind, follow-up and collect outstanding dues. In the interest of the Bank, the cardholder expressly recognizes, accepts and authorizes the Bank to collect relevant information from third parties (including family members, friends etc. of the cardholder) from time to time to clear overdues on the card account. IndusInd Bank shall not be obliged to disclose the source of information from where it was received with the cardholder.
6.20 The Cardholder agrees and understand that the usage of the usage of the Card shall be subject to applicable statutory, regulatory and Bank’s rules, regulations and guidelines, as amended from time-to-time. To ensure compliance of the same, the Cardholder hereby agrees and provide its consent to the Bank, to undertake periodic checks on the usage on the Card to identify excess utilization of the Credit limit beyond the sanctioned limit in one statement cycle, unusual or excessive usage towards commercial/business/non- personal related transactions, mis-use of features/ offers/programs for accumulation of undue Cashback/ other benefits, etc. If the Bank suspects of any such unusual spends or activities in Card Account, the Bank may, in its sole discretion, take restrictive action on the Card/Card Account. Such action shall be effective immediately and without any prior notice to the Cardholder and may include but not be limited to withdrawal of features/benefits as well as suspension or termination of the Card. The Bank may reinstate the Card with or without the additional benefits/features, as it may deem fit, upon the Cardholder providing proof of bonafide usage, satisfactory to the Bank. The decision of the Bank well be final and binding on the Cardholder in this regard.
Appears in 1 contract
Sources: Cardholder Agreement
Usage of the Card. 6.1 The Card shall be acceptable only for transactions as permitted by the Bank from time-to-time in India and abroad at the PA and Terminal as well as other payment methods as designated by the Bank from time-to-time
6.2 The Card may be used only by the Cardholder to whom it has been assigned.
6.3 The Cardholder is entitled to make purchases up to the maximum credit limit and withdraw cash up to the maximum cash allocated on the Card.
6.4 Except where a Card Transaction is effected by means of a PIN for a mail or telephone order or Online transaction where transaction is effected by providing an additional authentication by way of Verified by Visa(VBV)/ Mastersecure/Visa( VBV )/ Mastersecure/ American Express SakeKeySMSakeKeyS M , the Cardholder must sign a sales voucher, a cash advance voucher or a refund voucher, as the case may be, every time the Cardholder uses the Card. By signing the voucher, the Cardholder confirms that the information on it is correct. The Cardholder will be liable for and must repay the Bank all amounts the Bank pays in respect of the Card Transactions. If the Cardholder does not sign the relevant voucher(s), the Cardholder will still be liable to the Bank.
6.5 The Bank will debit the Card Account(s) for the value of all purchases of goods or services, cash, fees, charges and payments payable by the use of the Card. All Card Transactions will be reflected in the Account Statement relating to the Card Account(s). Such Statements shall be sent to the Cardholder every month through a delivery mode specified by the Bank.
6.6 A GST, at the current rate, as notified by Ministry of Finance, Government of India is applicable on all fees,, interest and other charges as per the Government ofIndia of India regulations. The Cardholder will be bound to pay the Bank for the same. The rate of GST is subject to change as notified by the Central Government from time- time-to-time. The Cardholder also agrees to pay any other applicable tax that might be announced by the Government from time-to-time.
6.7 When a Cardholder uses the Card outside India, a Foreign Currency Mark-up will be charged for all Card Transactions. The rate of exchange used for all international Card Transactions will be determined by the Bank.
6.8 The Cardholder must be fully familiar and comply with all the applicable exchange control regulations when the Cardholder uses the Card outside India. Card Transactions made in foreign currencies will be shown on the statement in Indian Rupees.
6.9 The Bank will normally debit the Card Account of the Cardholder for a transaction within 30 days.
6.10 All communication sent to the primary Cardholder shall be deemed to be sent to both(Primary and Add-on Cardholder/s).
6.11 The Bank may, at its discretion, decide not to carry out any such instructions where it has reason to believe that the instructions are not genuine or are unclear or are such as to raise a doubt or are otherwise improper and cannot be put into effect for whatsoever reasons.
6.12 Card promotional material or VISA/MasterCard/ American Express Global NetworkNetwork Services/RuPay Services/ Other Networks symbol displayed on any premises is not a warranty that all goods and services available at those premises can be purchased with the Card.
6.13 The Cardholder further authorises the Bank, in addition to any other right enjoyed by the Bank, that the Bank shall be entitled, subject to applicable law and guidelines issued by the Reserve Bank of India (RBI) from time-to- to-time, without being required to issue any further notice to this intent to the Cardholder, to disclose and disseminate to the Reserve Bank of India or to a court of law or any other competent authority or to any third person, as the case may be, the credit information of the Card member in its possession.
6.14 The Cardholder acknowledges that, as per extant business practices, the Bank is authorised to share Cardholder’s information with any existing or future Credit Bureaus CIC's/any other authority as deemed fit by the Bank from time-to- time. The Cardholder further acknowledges that the Bank is entitled to share such information without any notice to this intent to the Cardholder, and such information may pertain to positive or negative performance/default by the Cardholder.
6.15 The Cardholder expressly recognises and accepts that the Bank shall, without prejudice to its right to perform such activities itself or through its officers or employees, be entitled with full power and authority to appoint one or more third parties as the Bank may select and to delegate to such third party all or any of its functions, rights and powers under the Cardholder Agreement relating to operations and administration of the Credit Card including the right and authority to collect and receive on behalf of the Bank from the Cardholder any payments and other amounts due from the Cardholder under the Cardholder Agreement and to perform and execute all lawful acts, deeds, matters and things connected therewith and incidental thereto including sending notices, contacting the Cardholder, receiving cash/cheques/drafts/mandates from the Cardholder and giving valid and effectual receipts and discharge to the Cardholder. For the purpose aforesaid, the Bank shall be entitled to disclose to such third parties all necessary or relevant information pertaining to the Cardholder and the Credit Card and the Cardholder hereby consents to such disclosure by the Bank.
6.16 Notwithstanding the above, in the event of any default by the Cardholder, the Cardholder expressly accepts and authorises the Bank (and/or any such third party as the Bank may select) to contact third parties (including the family members of the holder and disclose all necessary or relevant information pertaining to the Cardholder and the Credit Card and the Cardholder hereby consents to such disclosure by the Bank (and/or any such third party as the Bank may select).
6.17 It is understood that the Card or Add-On Cards may be dispatched to the Cardholder on the basis of, amongst other modes of applying, the Cardholder's application on an electronic medium (Internet/email).
6.18 The Cardholder cannot cede or delegate any rights or obligations arising out of these terms and conditions of use in respect of the Card, Card Account, Card Number and/or credit facility.
6.19 Every cardholder will be notified of their overdue amount and payment due date by Post, Telephone, E-mail, SMS/WhatsApp messaging and/or engaging third parties to remind, follow-up and collect outstanding dues. In the interest of the Bank, the cardholder expressly recognizes, accepts and authorizes the Bank to collect relevant information from third parties (including family members, friends etc. of the cardholder) from time to time to clear overdues on the card account. IndusInd Bank shall not be obliged to disclose the source of information from where it was received with the cardholder.
6.20 The Cardholder agrees and understand that the usage of the usage of the Card shall be subject to applicable statutory, regulatory and Bank’s rules, regulations and guidelines, as amended from time-to-time. To ensure compliance of the same, the Cardholder hereby agrees and provide its consent to the Bank, to undertake periodic checks on the usage on the Card to identify excess utilization of the Credit limit beyond the sanctioned limit in one statement cycle, unusual or excessive usage towards commercial/business/non- personal related transactions, mis-use of features/ offers/programs for accumulation of undue Cashback/ other benefits, etc. If the Bank suspects of any such unusual spends or activities in Card Account, the Bank may, in its sole discretion, take restrictive action on the Card/Card Account. Such action shall be effective immediately and without any prior notice to the Cardholder and may include but not be limited to withdrawal of features/benefits as well as suspension or termination of the Card. The Bank may reinstate the Card with or without the additional benefits/features, as it may deem fit, upon the Cardholder providing proof of bonafide usage, satisfactory to the Bank. The decision of the Bank well be final and binding on the Cardholder in this regard.
Appears in 1 contract
Sources: Credit Card Agreement
Usage of the Card. 6.1 The Card shall be acceptable only for transactions as permitted by the Bank from time-to-time in India and abroad at the PA and Terminal as well as other payment methods as designated by the Bank from time-to-time
6.2 The Card may be used only by the Cardholder to whom it has been assigned.
6.3 The Cardholder is entitled to make purchases up to the maximum credit limit and withdraw cash up to the maximum cash allocated on the Card.
6.4 Except where a Card Transaction is effected by means of a PIN for a mail or telephone order or Online transaction where transaction is effected by providing an additional authentication by way of Verified by Visa(VBV)/ Mastersecure/Mastersecure/ American Express SakeKeySM, the Cardholder must sign a sales voucher, a cash advance voucher or a refund voucher, as the case may be, every time the Cardholder uses the Card. By signing the voucher, the Cardholder confirms that the information on it is correct. The Cardholder will be liable for and must repay the Bank all amounts the Bank pays in respect of the Card Transactions. If the Cardholder does not sign the relevant voucher(s), the Cardholder will still be liable to the Bank.
6.5 The Bank will debit the Card Account(s) for the value of all purchases of goods or services, cash, fees, charges and payments payable by the use of the Card. All Card Transactions will be reflected in the Account Statement relating to the Card Account(s). Such Statements shall be sent to the Cardholder every month through a delivery mode specified by the Bank.
6.6 A GST, at the current rate, as notified by Ministry of Finance, Government of India is applicable on all fees,, interest and other charges as per the Government ofIndia of India regulations. The Cardholder will be bound to pay the Bank for the same. The rate of GST is subject to change as notified by the Central Government from time- time-to-time. The Cardholder also agrees to pay any other applicable tax that might be announced by the Government from time-to-time.
6.7 When a Cardholder uses the Card outside India, a Foreign Currency Mark-up will be charged for all Card Transactions. The rate of exchange used for all international Card Transactions will be determined by the Bank.
6.8 The Cardholder must be fully familiar and comply with all the applicable exchange control regulations when the Cardholder uses the Card outside India. Card Transactions made in foreign currencies will be shown on the statement in Indian Rupees.
6.9 The Bank will normally debit the Card Account of the Cardholder for a transaction within 30 days.
6.10 All communication sent to the primary Cardholder shall be deemed to be sent to both(Primary and Add-on Cardholder/s).
6.11 The Bank may, at its discretion, decide not to carry out any such instructions where it has reason to believe that the instructions are not genuine or are unclear or are such as to raise a doubt or are otherwise improper and cannot be put into effect for whatsoever reasons.
6.12 Card promotional material or VISA/MasterCard/ American Express Global NetworkNetwork Services/RuPay Services/ Other Networks symbol displayed on any premises is not a warranty that all goods and services available at those premises can be purchased with the Card.
6.13 The Cardholder further authorises the Bank, in addition to any other right enjoyed by the Bank, that the Bank shall be entitled, subject to applicable law and guidelines issued by the Reserve Bank of India (RBI) from time-to- to-time, without being required to issue any further notice to this intent to the Cardholder, to disclose and disseminate to the Reserve Bank of India or to a court of law or any other competent authority or to any third person, as the case may be, the credit information of the Card member in its possession.
6.14 The Cardholder acknowledges that, as per extant business practices, the Bank is authorised to share Cardholder’s information with any existing or future Credit Bureaus CIC's/any other authority as deemed fit by the Bank from time-to- time. The Cardholder further acknowledges that the Bank is entitled to share such information without any notice to this intent to the Cardholder, and such information may pertain to positive or negative performance/default by the Cardholder.
6.15 The Cardholder expressly recognises and accepts that the Bank shall, without prejudice to its right to perform such activities itself or through its officers or employees, be entitled with full power and authority to appoint one or more third parties as the Bank may select and to delegate to such third party all or any of its functions, rights and powers under the Cardholder Agreement relating to operations and administration of the Credit Card including the right and authority to collect and receive on behalf of the Bank from the Cardholder any payments and other amounts due from the Cardholder under the Cardholder Agreement and to perform and execute all lawful acts, deeds, matters and things connected therewith and incidental thereto including sending notices, contacting the Cardholder, receiving cash/cheques/drafts/mandates from the Cardholder and giving valid and effectual receipts and discharge to the Cardholder. For the purpose aforesaid, the Bank shall be entitled to disclose to such third parties all necessary or relevant information pertaining to the Cardholder and the Credit Card and the Cardholder hereby consents to such disclosure by the Bank.
6.16 Notwithstanding the above, in the event of any default by the Cardholder, the Cardholder expressly accepts and authorises the Bank (and/or any such third party as the Bank may select) to contact third parties (including the family members of the holder and disclose all necessary or relevant information pertaining to the Cardholder and the Credit Card and the Cardholder hereby consents to such disclosure by the Bank (and/or any such third party as the Bank may select).
6.17 It is understood that the Card or Add-On Cards may be dispatched to the Cardholder on the basis of, amongst other modes of applying, the Cardholder's application on an electronic medium (Internet/email).
6.18 The Cardholder cannot cede or delegate any rights or obligations arising out of these terms and conditions of use in respect of the Card, Card Account, Card Number and/or credit facility.
6.19 Every cardholder will be notified of their overdue amount and payment due date by Post, Telephone, E-mail, SMS/WhatsApp messaging and/or engaging third parties to remind, follow-up and collect outstanding dues. In the interest of the Bank, the cardholder expressly recognizes, accepts and authorizes the Bank to collect relevant information from third parties (including family members, friends etc. of the cardholder) from time to time to clear overdues on the card account. IndusInd Bank shall not be obliged to disclose the source of information from where it was received with the cardholder.
6.20 The Cardholder agrees and understand that the usage of the usage of the Card shall be subject to applicable statutory, regulatory and Bank’s rules, regulations and guidelines, as amended from time-to-time. To ensure compliance of the same, the Cardholder hereby agrees and provide its consent to the Bank, to undertake periodic checks on the usage on the Card to identify excess utilization of the Credit limit beyond the sanctioned limit in one statement cycle, unusual or excessive usage towards commercial/business/non- personal related transactions, mis-use of features/ offers/programs for accumulation of undue Cashback/ other benefits, etc. If the Bank suspects of any such unusual spends or activities in Card Account, the Bank may, in its sole discretion, take restrictive action on the Card/Card Account. Such action shall be effective immediately and without any prior notice to the Cardholder and may include but not be limited to withdrawal of features/benefits as well as suspension or termination of the Card. The Bank may reinstate the Card with or without the additional benefits/features, as it may deem fit, upon the Cardholder providing proof of bonafide usage, satisfactory to the Bank. The decision of the Bank well be final and binding on the Cardholder in this regard.Number
Appears in 1 contract
Sources: Credit Card Agreement