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| Master
Card |
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| Credit
Limit |
| PBL may sanction any
credit limit, i.e. the maximum of credit available to the Cardholder which can be accessed
at any one time, for the facilities under Condition 2 hereof and may terminate or modify
or vary such facilities or credit limit without notice. Unless the credit limit is imposed
in relation to each Card Account, the imposed credit limit is the limit applicable to the
aggregate of the balances due to PBL on all Card Accounts of the Principal Cardholder and
all Supplementary Cardholders The limit imposed for Cash Advances shall be part of the
credit limit imposed. Notwithstanding, any credit limit that may be sanctioned by PBL in
its absolute discretion authorize and allow any Card Transaction even though the credit
limit would be or has been exceeded or refuse to make or approve any Cash Advance or
authorize or approve any Card Transaction notwithstanding that the credit limit is not
exceeded. The credit limit shall be notified in writing to the Cardholder. The available
credit is unused balance available to the Cardholder at any point of time. The available
credit shown on Card Account Statement shall depict the amount available to the Cardholder
as on the date of statement. |
Loss of Card or Disclosure of Pin
|
| a. |
The Cardholder shall not disclose
or cause to be disclosed to any persons the PIN assigned to the Card Immediately upon
learning that the Card is lost or stolen or the PIN is disclosed, the Cardholder shall
report it to PBL followed by written confirmation containing cardholder’s signature
on the said loss. The cardholder shall at the request of PBL furnish PBL with a
statutory declaration in such a form as PBL may require and F.I.R./Police report and/or
any other information as PBL may require. If the lost or stolen card is found or
recovered, the cardholder shall not make use of the card but shall immediately cut it into
halves and return the same to PBL. |
| b. |
Notwithstanding the loss on the
theft of any Card or disclosure of the PIN in respect of any Card, PBL may charge and
debit the Card Account the amount of each and every Card Transaction made or effective
before written confirmation by the Cardholder of such loss, theft or disclosure is
received by PBL. Replacement of Card may be made to the Cardholder on payment of required
charges in this regard. |
Charges to Card Account
|
| PBL may charge and
debit the Card Account the amount of each and every Card Transaction made or effected,
whether by the Cardholder or any other person with or without the Cardholder’s
knowledge or authority notwithstanding that the balance due to PBL on the Card Account may
as a consequence of any such charge or debit exceeding any credit limit that may be
sanctioned. For existing Fees and Service Charges, one may contact Card Division at
PBL’s Head Office or any Branch of PBL. |
Cash Advance Fee
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| In respect of each
Cash Advance made through the use of any Card and or the PIN, PBL shall charge and debit
the Card Account a fee as decided from time to time. |
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