These terms and conditions ("Terms and Conditions") apply to and regulate the provisions of prepaid payment instruments namely Prepaid Cards provided by EQX Analytics Private Limited (the Company”). The PPIs are issued by SBM Bank (India) Limited (“Bank”).
By completing the sign-up process for availing any of the Cards, you are deemed to have expressly read, understood and accepted each and every Terms and Conditions mentioned herein. You agree to be bound by all the Terms and Conditions mentioned herein, as may be amended from time to time.
In these Terms and Conditions, “We”, “Us” or “Our” refers to the SBM Bank, or the Company acting on behalf of SBM Bank. “You” or “Your” refers to the individual purchasing or using the Prepaid Card.
DEFINITIONS
In these Terms and Conditions, unless the contrary intention appears and/or the context otherwise requires, capitalized terms defined by: (i) inclusion in quotations and/ or parenthesis have the meanings so ascribed; and (ii) the following terms shall have the meanings assigned to them herein below:
ISSUANCE AND USAGE OF PPI
BREACH
TERM & TERMINATION
CHARGES
LOST, STOPPED OR MISUSED PPI:
EXCLUSION OF LIABILITY
DISPUTED TRANSACTIONS
QUALITY OF GOODS AND SERVICES
DISCLOSURES
GOVERNING LAW AND JURISDICTION
AMENDMENT OF THE TERMS AND CONDITIONS
CUSTOMER GRIEVANCE REDRESSAL
NO WARRANTIES: WE AND OUR SERVICES PROVIDERS AND SYSTEM PARTICIPANTS EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, WRITTEN OR ORAL, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY AND FITNESS OF THE CARDS AND RELATED ASPECTS INCLUDING ITS USE FOR A PARTICULAR PURPOSE.
This section lays out the Terms and Conditions which shall be applicable only to the Reloadable Card(s) issued by Us.
DEFINITION
For the purposes of this section “Reloadable Card” shall mean physical or Reloadable cards issued by the Issuer and provided by Us, which can be used for purchasing goods and services.
CHARACTERISTICS OF RELOADABLE CARD
ACCEPTANCE AND USAGE OF RELOADABLE CARD
The undersigned declare and confirm the following:
The current charges for availing services related to the Credit Line are provided hereunder. These charges are effective from 01/04/2020.
StashFin reserves its right, in its sole discretion and without any prior notice, to impose and/or revise charges/commissions in relation to the use of its services. The changes shall be applied prospectively.
Service | Charges |
---|---|
Repayment Instrument swap (such as NACH/E-NACH, PDC change) charges | Rs 500 per swap |
NACH/EMandate re-registration service charge* | Rs 500 after first registration attempt |
Repayment Instrument bounce charges ** | Rs 500 per bounce |
Credit Line cancellation charges | Rs 2,000 within 7 days from the date of disbursement. |
Overdue Interest | Up to 5% per month on overdue EMI amount. Overdue interest will be charged from the date of default until the receipt of overdue EMIs. Partial payment made will be first adjusted towards outstanding penal interest. |
Statement of Account (Through email) | Nil |
Statement of Account (Physical copy at customer’s registered residence/office) | Rs 2,000 on each request |
Foreclosure charges |
|
Document pickup charges | Rs 500 per pickup |
Cash Pick up Charges | Rs 500 per pickup |
No dues certificate (soft copy) | Nil |
No dues certificate (stamped copy) | Rs 1,500 on each request |
Loan re-scheduling charges (Tenor/EMI/ Due date) | Rs 2,000 per request |
Bureau enquiry charges | Rs 250 on each enquiry |
Loan document retrieval (scanned copy) | Rs 500 on each retrieval request |
StashFin Platform charges | 2%-10% of the drawdown amount |
* For repayment instrument registration, your bank may levy registration charges under your bank account. StashFin or Lender(s) are not responsible for the registration charges levied on your account by your bank.
** Please maintain sufficient balance in your bank account on each due date for the loan repayment. If your repayment instrument happens to bounce then, your bank may levy bounce charges on you. The exact bounce charges vary with banks and are different for each account type. StashFin or Lender(s) are not responsible for the bounce charges levied by your bank. StashFin or Lender(s) can present your repayment instrument multiple times between two EMIs in cases your EMIs are overdue.
Service | Charges |
---|---|
Card replacement | Rs 500 per replacement |
Cash withdrawal at ATM | Every month the first 10 withdrawals are free. Thereafter per withdrawal Rs 20 |
Balance enquiry at ATM | Rs 8 per enquiry |
Registration code reissuance | - |
Charge slip retrieval request | - |
Service | Charges |
---|---|
Account opening | 0 |
Load money | 0 |
Account maintenance | Up to Rs 100 per year (based on usage of Card) |
* For failed transactions, the total amount including charges are reversed |
Note: GST will be payable as per the applicable law.
The terms herein shall be subject to the StashFin Terms (as defined in www.stashfin.com/credit_line_general_terms_and_condition) available on www.stashfin.com. Each StashFin Terms are deed to be incorporated here by way of this reference.
Collected by "EQX ANALYTICS PRIVATE LIMITED"
To,
Akara Capital Advisors Private Limited
I, hereby undertake to pay a sum of ₹ /- with interest at the rate of % per month thereon for value received together with applicable penal charges, payable at Delhi.
I confirm that I shall make payment to lenders in agreed payment mode.
This Payment Undertaking will be valid, effective, recur and continue on the following dates:
I confirm that:
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Nodal Officer/ Grievance Officer: Varun Chhabra/ Sanjeev Walia
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