| Exclusion and Exceptions |
| 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: |
| a. |
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
|
| b. |
Any delay or inability of Prime Bank Limited to perform
any of its obligations pursuant to this Agreement because of any 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
|
| c. |
Any undesired fraud and forgery by means of computer hacking or any means
that causes for any burden to the account holder. |
Conclusiveness of Documents and Certificates |
| 01.
|
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.
|
| 02.
|
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.
|
Set off and Consolidation |
|
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. |
Amendments
|
|
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. |
Termination of the Contract for Availing Online Banking Facility
|
|
The contract may be terminated by either side giving 30 (Thirty) days’
prior notice. |
|
Who
can get this service
The
Clients who has account in prime bank or who will open account
in prime bank and would be interested to maintain substantial
deposits in Savings,
Current or STD accounts, will be eligible to get
Prime Line Service.
|
|
How
one can get this service
Intending
and eligible clients have to apply in prescribed application
form to their branch (where account is maintained) to get the
online service from the bank.
The client should submit two copies photographs and
signature cards alongwith the application form. To
avail the Prime Line service, no charge
should be paid for online transaction within a locality
where the account is domiciled. But charges should be paid by
the customer for inter city online transaction.
|
|
When
a account will be activated for online
Within
15 days from the date of submission application a account will
be activated for online service |
|
|
