TERMS AND CONDITIONS

These Terms and Conditions apply to and regulate the provision of this website enabling E- servicing by GE Money. I understand and accept that GE Money maintains the web-site http://www.gemoney.in  (going ahead referred to as the “Site" or the “website") to provide visitors with information about GE Money, its services and products and to facilitate communication with GE Money and availing of its services. I also accept that visitors to the Site are required to read the below terms, and use of the Site constitutes my acceptance and agreement to be bound by such terms, and the changes therein to the Website Usage Terms from time to time, relating to my usage of the website as communicated and made available on this GE Money website.



- “Applicant” means a person who has applied for a Card to GE Money.

- “Business Day” means a day on which the relevant office of GE Money specified in the Application Form or through which the Card is provided or such other office as may be notified by GE Money to the Card Member, is open for normal business transactions.

- “Card” shall mean the GE Money Card.

- “IPIN” means the Personal Identification Number allocated to the Card Member by GE Money or chosen by the Card Member/ GE Money from time to time, in relation to the Card.

- “Card Account” means the account opened in the name of the Card-Member and maintained by GE Money for the purpose of usage of the Card as per the terms and conditions contained herein.

- “Cash-Limit” means the maximum amount of cash or equivalent of cash as defined or prescribed by GE Money, that the Card Member can withdraw on his Card Account. Cash-Limit forms a subset of the Card Member's Credit-Limit determined in the sole discretion of GE Money.

- “Company” means a company as defined in the Companies Act, 1956, as amended from time to time.

- “Credit-Limit” means the total credit extended by GE Money to the Customer on the Card.

- “GE Money” shall mean GE Money Financial Services Ltd, its successors and permitted assigns.

- “GE Money 24-Hour Customer Care Centre” refers to GE Money - Phone Banking Service provided by GE Money to the Card Members.

- “Member” or “Cardholder” or “Card Member” or “Customer”, by whatever name called, means the Applicant to whom a Card bearing his name is issued and who holds such Card.

- “Minimum Amount Due” or “MAD” means the amount stated as such in the Statement.

- “Total Amount Due” or “TAD” means the amount stated as such in the Statement.

- “Payment Due Date” means the date every month, on which the payment in respect of the charges incurred by usage of the Card by the Card Member falls due as communicated through the Statement.

- “Primary Card Member” is the person in whose name the Card Account has been opened and to whom the Card has been issued.

- “RBI” means the Reserve Bank of India.

- “Statement” means the monthly statement of account sent by GE Money to a Card Member setting out the financial liabilities on that date, of the Primary Card Member to GE Money in respect of the Card Account.

- “Transaction Instruction” means any instruction given by a Card Member directly or indirectly to GE Money and / or through the GE Money 24-Hour Customer Care Centre or the Site to effect the transaction. Transaction Instruction would include, but not be limited to, a charge slip, a cash advance slip or an instruction sent electronically.

- “Terms and Conditions” mean the terms and conditions set out herein and / or as may be stipulated by GE Money from time to time, as amended.

In these Terms and Conditions, unless the contrary intention appears:

(a) a reference to :

an "authorisation" or “approval” includes an authorisation, consent, clearance, approval, permission, resolution, license, exemption, filing and registration;

“ law ” includes any constitution, statute, law, rule, regulation, ordinance, judgement, order, decree, authorisation, or any published, directive, guideline, requirement or governmental restriction having the force of law, or any determination by, or interpretation of any of the foregoing by, any judicial authority, whether in effect as of the date of signing/submission of the application form or thereafter and each as amended from time to time.

(b) the singular includes the plural (and vice versa);

(c) the headings in these Terms and Conditions are inserted for convenience of reference only and are to be ignored in construing and interpreting the loan terms;

(d) reference to the words “include” or “including” shall be construed without limitation;

(e) reference to a gender shall include references to the female and male genders;

(f) all approvals, permissions, consents or acceptance required from GE Money for any matter shall require the prior written approval, permission, consent or acceptance of GE Money;

 - GE Money reserves the sole right to accept or reject the request to enable the e-application form without assigning any reason whatsoever. Also, the approval is subject to the authenticity of the information submitted by myself. I understand and accept that not all the products and services offered on this website are available in all geographic areas and that I may not be eligible for all the products or services offered by GE Money on this Site. GE Money reserves the right to determine the availability and eligibility for any product or service.

 - GE Money shall not be held liable for any service charges or late payment charges debited to by any other bank or financial institution due to a decline or a delay in execution of your request at this site.

 - It is hereby made clear that you should continue to make payments towards your other outstandings and to your bank credit card account until you receive the confirmation in their future statement that the amount has been credited.

 - GE Money shall update the information and communicate the same to you regarding the processing fee, as applicable.

 - The Card Member undertakes and authorises GE Money and its group companies to exchange, share or part with all the information, data or documents relating to his / her application to other GE Money Group Companies / banks / financial institutions / credit bureaus / agencies / regulatory authorities / statutory bodies / tax authorities / Central Information Bureaus / such other persons as GE Money and / or its Group Companies may deem necessary or appropriate as may be required for use or processing of the said information / data by such person/s or furnishing of the processed information / data / products thereof to other banks / financial institutions / credit providers / users registered with such persons and shall not hold GE Money and / or its Group Companies liable for use of this information.

In case the Card Member commits a default in payment or repayment of principal amount of any financial assistance / facilities / financial / credit facility or interest / charges due thereon, GE Money and / or the RBI will have an unqualified right to disclose or publish the details of the default and the name of the Card Member / or its directors / partners / supplementary Cardholders, as applicable, as defaulters in such manner and through such medium as GE Money or RBI in their absolute discretion may think fit. GE Money shall disclose information relating to credit history / repayment record and / or days past due status of the Card Member in terms of the Credit Information Companies (Regulation) Act, 2005 to a credit information bureau (specifically authorized by RBI) through Statements.

Acceptance of an application for a Card is based on no adverse reports of the Card Member's credit worthiness. GE Money may report to other banks or financial entities any delinquencies in the Card Account or withdrawal of the Card Member's credit facility through the Card or otherwise. Based on the receipt of adverse reports (relating to credit worthiness of the Card Member), GE Money may, after fifteen (15) days’ prior notice in writing, cancel the Card, whereupon the entire outstanding balance in the Card Account as well as any further charges incurred by use of the Card, though not yet billed to the Card Account, shall be immediately payable by the Card Member. GE Money shall not be obliged to disclose to the Card Member the name of the bank or financial entity from where it received or to which it disclosed information.

 - GE Money alone shall have discretionary right to permanently or temporarily block the E-account of a Card holder and the same shall be presumed to have been done in the interest of the Customers of GE Money.

 - Any misuse of this electronic media by the Customer shall make him/her liable to penal action.

 - No information proprietary to GE Money shall be copied, photographed or printed from this site by any customer except for a legitimate purpose accepted and approved by GE Money.

 - Service charges will be levied wherever applicable.

By access and use of this Site, you accept and agree to be bound by and comply with these legal terms of use (the "Disclaimer"). By using this Site, you represent that you have read and understood these Terms and Conditions and agree to be bound by these Terms and Conditions. Furthermore, by using this Site, you represent that (i) you have the capacity to be bound by these Terms and Conditions and (ii) if you are acting on behalf of a company or other entity, you have the authority to bind such company or entity.



GENERAL

All products and services in the pages of the Site are subject to the terms and conditions of the applicable agreements governing their use, which may change from time to time. The Disclaimer is to be read by you together with any terms, conditions or disclaimers provided in the pages of the Site and in the Product Specific Legal Disclaimers. In the event of any conflict, the terms provided in the pages of the Site and in the Product Specific Legal Disclaimers will govern. The Product Specific Legal Disclaimers relate specifically to a particular product or service and are displayed on each part of the Site that contains product information. The Product Specific Legal Disclaimers contain important information and warnings regarding risks associated with the product or service. The Product Specific Legal Disclaimers should be accessed by you before reading the information for each specific product displayed on the Site. It is important that you read all of the information. The information, material and content provided in the pages of the Site (the "Information") may be changed by GE Money at any time without notice. Changes may be made to the terms provided in the pages of the Site and in the Product Specific Legal Disclaimers at any time without notice by updating this posting. You agree to review the terms provided in the pages of the Site and in the Product Specific Legal Disclaimers regularly and your continued access or use of the Site will mean that you agree to any changes made by GE Money. Information provided on the Site, including rates, is believed to be reliable when posted, but there is no guarantee that it is accurate or complete or current at all times.



CONDITIONS FOR PRODUCTS AND SERVICES

It is important to note that the products, services and Information may not be available to residents of certain jurisdictions. Accordingly, the financial services detailed in the Site do not constitute an offer to transact business in any jurisdiction where such an offer would be considered unlawful. The Information does not constitute an offer or solicitation to buy or sell any currency, investment fund or other product, service or information to anyone in any jurisdiction in which an offer or solicitation is not authorized or cannot legally be made or to any person to whom it is unlawful to make an offer or solicitation. For information specific to your jurisdiction, please contact your financial advisor.

Products and services are available at the discretion of GE Money, subject to the individual terms and conditions on which they are offered, and such products and services may be withdrawn or amended at any time without notice. The full range of products and services may not be available in all locations. Fees, commissions and other charges may apply to certain services. The office providing such services can provide the necessary details. Any application made by you for any products and services offered by GE Money, whether transmitted through or printed from this Site or otherwise, shall be subject to the final written approval of GE Money, which may be granted or refused at GE Money’s absolute discretion. GE Money shall not be obliged to furnish any notice or give any reasons for any rejection of your application. GE Money’s acceptance of you as its customer and making available to you any products and services, shall also be subject to your meeting GE Money’s eligibility requirements, submission of all necessary documents, compliance with any other terms and conditions of GE Money, and finalisation and execution of all documents required by GE Money.

The terms and conditions applicable to any product, service or information will be those determined at the time of provision of the product, service or information. Please be aware of the laws governing you or that which otherwise apply to you in relation to any of the matters described in these pages. If you choose to access the Site, you do so on your own initiative and are responsible for compliance with applicable local, national or international laws.



CONFIDENTIALITY

GE Money will treat all information regarding you and your account (whether acquired before or after the opening of an account was contemplated and whether originating from you or a third party) as confidential. GE Money will not in the ordinary course disclose any information that it holds about you or your account except in the following circumstances:

1. Where GE MONEY is compelled to do so under the Indian law;

2. Where you have provided your prior written authorisation to do so;

3. Where it is in GE MONEY's interest to do so;

4. Where it is in the public interest to do so; or

5. Where GE MONEY needs to disclose information to other financial institutions.

GE Money may be required to disclose information about you and your account to third parties to facilitate the provision of services to you. Further information about how GE Money will deal with information about you or your account can be found under "Privacy", which appears at the foot of each page of this Site.



LINKS

This Site may at present or in the future contain links to websites controlled or offered by third parties (non-affiliates of GE Money). GE Money hereby disclaims liability for, any information, materials, products or services posted or offered at any of the third-party sites linked to this Site. By creating a link to a third-party website, GE Money does not endorse or recommend any products or services offered or information contained on that website, nor is GE Money liable for any failure of products or services offered or advertised on those sites. Such third party may have a privacy policy different from that of GE Money and the third-party website may provide less security than this Site.



NO WARRANTIES

GE Money and any of its affiliates, subsidiaries, officers, directors, employees or agents provide the Site and the Information on an "as is" basis and do not make any express or implied warranties, representations, endorsements or conditions with respect to the Site or the Information, including without limitation, warranties as to merchantability, operation, non-infringement, usefulness, completeness, accuracy, currentness, reliability and fitness for a particular purpose. Further, GE Money does not represent or warrant that the Site will be available and meet your requirements, that access will be uninterrupted, that there will be no delays, failures, errors or omissions or loss of transmitted information, that no viruses or other contaminating or destructive properties will be transmitted or that no damage will occur to your computer system. You have sole responsibility for adequate protection and backup of data and/or equipment and to take reasonable and appropriate precaution to scan for computer viruses or other destructive properties.



TRADE-MARKS AND COPYRIGHTS

GE Money reserves all copyright, trademark, patent, intellectual and other property rights in the information contained in this Site, and to all company specific logos and services logos and no express or implied license is granted to any person in respect thereof. Any unauthorized access, use or reproduction of the information or proprietary rights contained in this Site is strictly prohibited and is subject to such action as provided in applicable laws. No information on this website should be reproduced or distributed without the prior written consent of GE Money. The display of trade-marks and trade names on pages of the Site does not imply that a license of any kind has been granted to any person. The Information is for your personal use only. Any unauthorized downloading, re-transmission, or other copying or modification of trade-marks and/or the contents of the Site may be a violation of any law that may apply to trade-marks and / or copyrights and could subject the copier to legal action.



Dealings with third parties

Your correspondence or business dealings with any third party, introduced to you through this Service, are solely between you and such third party. You agree that GE MONEY shall not be responsible or liable for any loss or damage of any sort incurred as the result of any such dealings with such third party.



INTERNET E-MAIL/INFORMATION

Any unprotected e-mail communication over the Internet is, as with communication via any other medium (e.g. cellular phones, post office mail), not confidential and is subject to possible interception or loss, and is also subject to possible alteration. GE Money is not responsible for and will not be liable to you or any one else for any damages in connection with an e-mail/information sent by you to GE Money or an e-mail/information sent by GE Money to you at your request or on an ad-hoc basis.



NO ENDORSEMENTS

No endorsement or approval of any third parties or their advice, opinions, information, products or services is expressed or implied by any Information.



NO LIABILITY

GE Money is not responsible for and will not be liable to you or anyone else for any damages whatsoever (including direct, indirect, incidental, special, consequential, exemplary or punitive damages) arising out of or in connection with your use of or inability to use the Site or the Information, or any action or decision made by you in reliance on the Site or the Information, or any unauthorized use or reproduction of the Site or the Information, even if GE Money has been advised of the possibility of these damages.

Indemnity:

I agree that I shall indemnify and hold GE Money harmless against all actions, claims, demands, proceedings, losses, damages, costs, charges and expenses whatsoever which GE Money may at any time incur, sustain, suffer or be put to as a consequence of or by reason of or arising out of providing any of the services or due to any negligence/mistake/misconduct on my part or breach or non-compliance by me of any of the Terms and Conditions relating to any of the services or by reason of GE Money in good faith taking or refusing to take action on any instruction given by me.

Force Majeure:

GE Money shall not be liable if any transaction does not fructify or may not be completed or for any failure on part of GE Money to perform any of its obligations under these Terms and Conditions or those applicable specifically to its services / facilities if performance is prevented, hindered or delayed by a Force Majeure event (defined below) and in such case its obligations shall be suspended for so long as the Force Majeure event continues. "Force Majeure Event" means any event due to any cause beyond the reasonable control of GE Money, including without limitation, unavailability of any communication systems, breach, or virus in the processes or payment or delivery mechanism, sabotage, fire, flood, explosion, acts of God, civil commotion, strikes or industrial action of any kind, riots, insurrection, war, acts of government, computer hacking, unauthorised access to computer data and storage devices, computer crashes, malfunctioning in the computer terminal or the systems getting affected by any malicious, destructive or corrupting code or program, mechanical or technical errors/failures or power shut-down, faults or failures in telecommunication, etc.



Governing Law and Arbitration

Any disputes, differences and / or claims arising from and in relation to this Site shall be governed by the laws of India and the courts as prescribed under Section 2(e) of the Arbitration and Conciliation Act, 1996 or any subsequent statutory amendment to the Act will have jurisdiction. Any dispute, difference and / or claims arising out of or in relation to this Site, shall be settled by arbitration in accordance with the provisions of the Arbitration and Conciliation Act, 1996, by a sole arbitrator, who shall be appointed at the instance and discretion of GE Money. The arbitrator appointed shall be competent to decide whether any matter or dispute or difference or claim referred to the arbitrator falls within the purview of arbitration as provided for in this clause and/or should be decided under the Arbitration and Conciliation Act, 1996. Any arbitration award granted shall be final and binding on the Parties. The venue and seat of the Arbitral Tribunal shall be at New Delhi.



JURISDICTION

GE Money controls and maintains this site from India. The information and material contained in, and the online services available at, this site are directed at and restricted to individuals resident, or entities having a place of business in India, and individuals or entities having an account with GE Money in India. GE Money makes no representation that the information and material contained in this site is appropriate or permitted for use in jurisdictions outside India. The terms and conditions are governed by the laws of India without giving effect to any principles of conflicts of laws. The Site for the user is subject to the exclusive jurisdiction of the courts of India without prejudice to the right of GE Money to take action in any jurisdiction whatsoever.



COPYRIGHT© GE MONEY 2007. ALL RIGHTS RESERVED











 
f conflicts of laws. The Site for the user is subject to the exclusive jurisdiction of the courts of India without prejudice to the right of GE Money to take action in any jurisdiction whatsoever.



COPYRIGHT© GE MONEY 2007. ALL RIGHTS RESERVED