Exclusion
and Exceptions
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Prime
Bank Limited shall not be responsible or liable to any Online account holders
for any loss or damage incurred or suffered as a consequence of:
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a.
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Any
malfunction, defect or error in any computer, or other machine or online
system of login belonging to or operated by Prime Bank Limited or otherwise; or
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b.
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Any
delay or inability of Prime Bank Limited to perform any of its obligations
pursuant to this Agreement because of nay mechanical, data processing or
telecommunication failure, Act of God, civil disturbance or any event
outside of Prime Bank Limited control or as a consequence of any fraud or
forgery; or
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c.
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Any
undesired fraud and forgery by means of computer hacking or any means that
causes for any burden to the account holder.
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Conclusiveness
of Documents and Certificates
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01.
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Prime
Bank Limited shall be entitled to rely upon and to treat any document relating to any online transaction with the signature of the account
holder as conclusive evidence of the Online Transaction as therein stated or
recorded was authorized and properly made or effected by the online account
holder.
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02.
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The
Bank will send monthly statement to online account holders. Any error or
inaccuracy in any online account statement shall be notified in writing to
Prime Bank Limited within 7 days from the date of issue of the statement.
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Set
off and Consolidation
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Prime Bank Limited may at any time and without
prior notice or demand combine or consolidate any and all accounts
maintained by an online account holder with Prime Bank Limited and or set
off or transfer any sum outstanding to the credit in any or all such
accounts in or towards the discharge or payment or any or all sums due to
Prime Bank Limited from the online account holder on any online account or
under this agreement and the right herein conferred shall be exercisable
notwithstanding that the use of the online account is not terminated.
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Amendments
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Prime
Bank Limited may at any time amend any of these terms and conditions by
giving notice to the clients and such amendment (s) shall take effect on
the date specified in such notice.
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Termination
of the Contract for Availing Online Banking Facility
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The
contract may be terminated by either side giving 30 (Thirty) days’ prior
notice.
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