Basic Banking Terms And Definitions Full Fees And
That means you can tap on any word to see an image, definition and useful examples.BANKING AND CREDIT TERMS. Terms and Conditions for Savings AccountEvery English learner should know these 30 essential banking terms. Terms and Conditions apply, including applicants being resident in the. For full fees and pricing review the account terms and conditions. We’ve made it easy for you to compare and review the standard fees for our bank accounts below. Here you can find a copy of our terms and conditions for each of our bank accounts.
Agents can be both banking (small banks) and non-banking correspondents. The Glossary defines terms essential for extending financial services to all who. When youre borrowing, its the interest that is charged on the original amount you are loaned, as well as the interest charges that are added to your.
NEFT (National Electronic Funds Transfer) NEFT is an electronic means to transfer money from one bank to another or within the same. Mentioned below are terms you need to know with regard to banking. However, understanding them will make it an easy to navigate into the world of banking.
In case of conflict between any of these Terms and Conditions and the terms and condition specified for the abovementioned Other Services, specific terms and conditions of such Other Services shall prevail.Further, in case of inconsistency between the Terms and Conditions and any specific term and condition pertaining to a specific variant of the Account, the specific term and condition of that particular variant of the Account shall prevail.In these Terms and Conditions, the following words and phrases have the meaning stated hereunder unless indicated otherwise: These Terms and Conditions shall be in addition to any other terms as stipulated by ICICI Bank from time to time on its Website (defined below) whether pertaining to the Account (defined below) or in relation to other products, services or offers provided by ICICI Bank.Any Other Services (defined below) may be offered to the Customer at the discretion of ICICI Bank or basis the eligibility criteria of a Customer, on which specific terms and conditions may be applicable. Terms and Conditions for Savings AccountThese terms and conditions (“Terms and Conditions”) apply to and regulate the operation of the savings account offered by ICICI Bank in India and govern the general relationship (including, without limitation, all transactions relating to the operation and maintenance of the Account) between the Customer (defined below) and the relevant branch of ICICI Bank Limited (“ICICI Bank/Bank”), having its registered office at: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390007, India. ICICI Asset Linked Savings Account (ALSA)I. ICICI Bank Salary & Employee Reimbursement Accounts Meaning the transaction is settled on a one to one basis in real-time.B) Fixed deposit with monthly income option
“Confidential Information” means any information relating to the Customer, their respective representatives received by ICICI Bank or its affiliates and their respective representatives in the course of providing various products and services to the Customer/Applicant, including personal data, Customer’s bank account details, transactional information, and any other information either designated by the Customer/Applicant as confidential at the time of disclosure or that a reasonable person would consider to be of a confidential or proprietary in nature. “Authority(ies)” means any competent regulatory, prosecuting, tax or governmental authority, court or tribunal, in any jurisdiction, domestic or foreign. “Applicant” refers to the Customer who has applied for opening a savings bank account with ICICI Bank whether pursuant to filing an electronic application form or application form in physical form. “Account Opening Form” or “AOF” refers to the relationship form for Account, whether electronic or otherwise.
“ICICI Bank Customer Care Centre” refers to ICICI Bank - Phone Banking Service provided by ICICI Bank to the Customer. “Guardian/Parent” shall mean the natural/court appointed guardian appointed under the applicable laws for a Customer who is a minor. In case of the Customer being a minor shall mean the minor acting through his/her natural Guardian or by a Guardian appointed by a court of competent jurisdiction.
Words importing any gender include the other gender. All references to singular include plural and vice versa and the word "includes" should be construed as "without limitation". "Website" refers to the website owned, established and maintained by ICICI Bank at the URL Interpretation: "Services" shall mean the services provided by ICICI Bank in connection with the Account and more particularly described in these Terms and Conditions. “RBI” shall mean the Reserve Bank of India.
These Terms and Conditions form a contract between the Applicant/Customer and ICICI Bank. Reference to any law or legislation, regulation, rule shall mean, applicable constitution, statute, law, rule, regulation, ordinance, judgment, order, decree, authorisation, or any published directive, guideline, notice, requirement or governmental restriction, having the force of law in any jurisdiction and include laws as amended from time to time. All headings, bold typing and italics (if any) have been inserted for convenience of reference only and do not define limit or affect the meaning or interpretation of these Terms and Conditions.
The Account opening formalities are governed by the existing policies of ICICI Bank and may be revised from time to time. No act, delay or omission by the Bank shall affect its rights, powers and remedies under these Terms and Conditions and other terms on its Website. By applying for opening the Account, the Applicant/Customer acknowledges and agrees that he /she/they has/have read, understood and accepted these Terms and Conditions and other specific terms and conditions as pertaining to the Account variant opted by the Customer, and other products and services availed by the Customer.
In case the Account is opened with an account opening cheque, ICICI Bank reserves the right not to open/activate the Account or close the account in the event the account opening cheque is dishonored for any reason whatsoever. The Customer Application Form (“CAF”) - Savings Account together with the Electronic Application Form (“EAF”), Tariff guide/Schedule of Charges and these Terms and Conditions and other terms and conditions as available on the Website and constitute the account opening documentation for the Account. The Account cannot be opened for business purpose(s).
The Customer understands that certain particulars given by them are required by ICICI Bank in accordance with the operational guidelines governing banking companies. The Customer shall provide all particulars and information including but not limited to taxpayer information in a true and accurate manner and shall not withhold any information including if there are any insolvency proceedings initiated against them and if they have ever been adjudicated insolvent.
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