Common use of Applicability of Rules and Regulations Clause in Contracts

Applicability of Rules and Regulations. 5.1 The issue and usage of the Card shall be subject to the Reserve Bank of India ("RBI") regulations in force from time-to-time, Exchange Control regulations of the RBI, Foreign Exchange Management Act (FEMA), all the rules and regulations framed under FEMA, notifications / circulars issued and any other corresponding enactment in force from time-to-time. The Card can be used in India and abroad, but cannot be used in Nepal and/or Bhutan for withdrawal of foreign currency. Further, the Card is not valid for payment in foreign exchange at Participating Merchant Establishments in India, Nepal and Bhutan, i.e., while using the Card in Nepal or Bhutan the currency of the transactions should be the local currency of those countries or in Indian Rupees. Cardholder shall be liable for action under FEMA and other corresponding regulations in the event of noncompliance of the same. 5.2 The Cardholder may be debarred from holding the internationally valid Card, either at the instance of the Bank or RBI in the event of default or non-compliance of any terms and conditions or any rules or regulations. 5.3 The Card may be used by Cardholders going abroad, within the foreign exchange entitlements as stipulated by RBI from time-totime, for all bonafide personal expenses for personal use, provided the total exchange drawn during the trip abroad does not exceed the entitlement. Import of goods so purchased abroad into India would be governed by the baggage rules/EXIM policy in force. 5.4 The Cardholder is solely responsible for ensuring that he transacts within his Basic Travel Quota (BTQ) limit. The entitlement of exchange should be ascertained (prior to the trip). The Card cannot be used for effecting remittances for which the release of exchange is not permissible under the extant/prevailing regulations. 5.5 The Cardholder may if he so desires draw foreign exchange against the Card in the form of foreign currency notes/Travellers Cheques to the extent of the entitlement from an Authorised Dealer/full-fledged money changer. Sale of such foreign currency notes/Travellers Cheques out of entitlement would be governed by the extant regulations and would be subject to the applicable ceilings. The Cardholder can choose to get his passport endorsed in respect of the foreign exchange withdrawn from an Authorised Dealer of foreign exchange during the calendar year, in the form of foreign currency notes/Travellers Cheques. 5.6 The Card cannot be used for effecting remittances for the purposes for which the release of exchange is not permitted under the extant regulations such as

Applicability of Rules and Regulations. 5.1 The issue and usage of the Card shall be subject to the Reserve Bank of India ("RBI") regulations in force from time-time- to-time, Exchange Control regulations of the RBI, Foreign Exchange Management Act (FEMA), all the rules and regulations framed under FEMA, notifications / notifications/circulars issued and any other corresponding enactment in force from time-to-time. The Card can be used in India and abroad, but cannot be used in Nepal and/or Bhutan for withdrawal of foreign currency. Further, the Card is not valid for payment in foreign exchange at Participating Merchant Establishments in India, Nepal and Bhutan, i.e., while using the Card in Nepal or Bhutan the currency of the transactions should be the local currency of those countries or in Indian Rupees. Cardholder shall be liable for action under FEMA and other corresponding regulations in the event of noncompliance of the same. 5.2 The Cardholder may be debarred from holding the internationally valid Card, either at the instance of the Bank or RBI in the event of default or non-compliance of any terms and conditions or any rules or regulations. 5.3 The Card may be used by Cardholders going abroad, within the foreign exchange entitlements as stipulated by RBI from time-totime, for all bonafide personal expenses for personal use, provided the total exchange drawn during the trip abroad does not exceed the entitlement. Import of goods so purchased abroad into India would be governed by the baggage rules/EXIM policy in force. 5.4 The Cardholder is solely responsible for ensuring that he transacts within his Basic Travel Quota (BTQ) limit. The entitlement of exchange should be ascertained (prior to the trip). The Card cannot be used for effecting remittances for which the release of exchange is not permissible under the extant/prevailing regulations. 5.5 The Cardholder may if he so desires draw foreign exchange against the Card in the form of foreign currency notes/Travellers Cheques to the extent of the entitlement from an Authorised Dealer/full-fledged money changer. Sale of such foreign currency notes/Travellers Cheques out of entitlement would be governed by the extant regulations and would be subject to the applicable ceilings. The Cardholder can choose to get his passport endorsed in respect of the foreign exchange withdrawn from an Authorised Dealer of foreign exchange during the calendar year, in the form of foreign currency notes/Travellers Cheques. 5.6 The Card cannot be used for effecting remittances for the purposes for which the release of exchange is not permitted under the extant regulations such asas subscription to (a) magazines which are on the prescribed/banned list, (b) pools, sweepstakes, lotteries, etc.

Applicability of Rules and Regulations. 5.1 The issue and usage of the Card shall be subject to the Reserve Bank of India ("RBI") regulations in force from time-to-time, Exchange Control regulations of the RBI, Foreign Exchange Management Act (FEMA), all the rules and regulations framed under FEMAa n d r e g u l a t i o n s f r a m e d u n d e r F E M A , notifications n o t i f i c at i o n s / circulars issued and any other c i rc u l a r s i s s u e d a n d a ny o t h e r corresponding enactment in force from time-to-time. The Card can be used in India and abroad, but cannot be used in Nepal and/or Bhutan for withdrawal of foreign currency. Further, the Card is not valid for payment in foreign exchange at Participating Merchant Establishments in India, Nepal and Bhutan, i.e., while using the Card in Nepal or Bhutan the currency of the transactions should be the local currency of those countries or in Indian Rupees. Cardholder shall be liable for action under FEMA and other corresponding regulations in the event of noncompliance of the same. 5.2 The Cardholder may be debarred from holding the internationally valid Card, either at the instance of the Bank or RBI in the event of default or non-compliance of any terms and conditions or any rules or regulations. 5.3 The Card may be used by Cardholders going abroad, within the foreign exchange entitlements as stipulated by RBI from time-totime, for all bonafide personal expenses for personal use, provided the total exchange drawn during the trip abroad does not exceed the entitlement. Import of goods so purchased abroad into India would be governed by the baggage rules/EXIM policy in force. 5.4 The Cardholder is solely responsible for ensuring that he transacts within his Basic Travel Quota (BTQ) limit. The entitlement of exchange should be ascertained (prior to the trip). The Card cannot be used for effecting remittances for which the release of exchange is not permissible under the extant/prevailing regulations. 5.5 The Cardholder may if he so desires draw foreign exchange against the Card in the form of foreign currency notes/Travellers Cheques to the extent of the entitlement from an Authorised Dealer/full-fledged money changer. Sale of such foreign currency notes/Travellers Cheques out of entitlement would be governed by the extant regulations and would be subject to the applicable ceilings. The Cardholder can choose to get his passport endorsed in respect of the foreign exchange withdrawn from an Authorised Dealer of foreign exchange during the calendar year, in the form of foreign currency notes/Travellers Cheques. 5.6 The Card cannot be used for effecting remittances for the purposes for which the release of exchange is not permitted under the extant regulations such asas subscription to (a) magazines which are on the prescribed/banned list, (b) pools, sweepstakes, lotteries, etc.

Applicability of Rules and Regulations. 5.1 The issue and usage of the Card shall be subject to the Reserve Bank of India ("RBI") regulations in force from time-to-time, Exchange Control regulations of the RBI, Foreign Exchange Management Act (FEMA), all the rules and regulations framed under FEMA, notifications / notifications/circulars issued and any other corresponding enactment in force from time-to-time. The Card can be used in India and abroad, but cannot be used in Nepal and/or Bhutan for withdrawal of foreign currency. Further, the Card is not valid for payment in foreign exchange at Participating Merchant Establishments in India, Nepal and Bhutan, i.e., while using the Card in Nepal or Bhutan the currency of the transactions should be the local currency of those countries or in Indian Rupees. Cardholder shall be liable for action under FEMA and other corresponding regulations in the event of noncompliance of the same. 5.2 The Cardholder may be debarred from holding the internationally valid Card, either at the instance of the Bank or RBI in the event of default or non-compliance of any terms and conditions or any rules or regulations. 5.3 The Card may be used by Cardholders going abroad, within the foreign exchange entitlements as stipulated by RBI from time-totime, for all bonafide personal expenses for personal use, provided the total exchange drawn during the trip abroad does not exceed the entitlement. Import of goods so purchased abroad into India would be governed by the baggage rules/EXIM policy in force. 5.4 The Cardholder is solely responsible for ensuring that he transacts within his Basic Travel Quota (BTQ) limit. The entitlement of exchange should be ascertained (prior to the trip). The Card cannot be used for effecting remittances for which the release of exchange is not permissible under the extant/prevailing regulations. 5.5 The Cardholder may if he so desires draw foreign exchange against the Card in the form of foreign currency notes/Travellers Cheques to the extent of the entitlement from an Authorised Dealer/full-fledged money changer. Sale of such foreign currency notes/Travellers Cheques out of entitlement would be governed by the extant regulations and would be subject to the applicable ceilings. The Cardholder can choose to get his passport endorsed in respect of the foreign exchange withdrawn from an Authorised Dealer of foreign exchange during the calendar year, in the form of foreign currency notes/Travellers Cheques. 5.6 The Card cannot be used for effecting remittances for the purposes for which the release of exchange is not permitted under the extant regulations such asapplicable

Applicability of Rules and Regulations. 5.1 The issue and usage of the Card shall be subject to the Reserve Bank of India ("RBI") regulations in force from time-to-time, Exchange Control regulations of the RBI, Foreign Exchange Management Act (FEMA), all the rules and regulations framed under FEMAa n d r e g u l a t i o n s f r a m e d u n d e r F E M A , notifications / notifications/circulars issued and any other corresponding enactment in force from time-to-time. The Card can be used in India and abroad, but cannot be used in Nepal and/or Bhutan for withdrawal of foreign currency. Further, the Card is not valid for payment in foreign exchange at Participating Merchant Establishments in India, Nepal and Bhutan, i.e., while using the Card in Nepal or Bhutan the currency of the transactions should be the local currency of those countries or in Indian Rupees. Cardholder shall be liable for action under FEMA and other corresponding regulations in the event of noncompliance of the same. 5.2 The Cardholder may be debarred from holding the internationally valid Card, either at the instance of the Bank or RBI in the event of default or non-compliance of any terms and conditions or any rules or regulations. 5.3 The Card may be used by Cardholders going abroad, within the foreign exchange entitlements as stipulated by RBI from time-totime, for all bonafide personal expenses for personal use, provided the total exchange drawn during the trip abroad does not exceed the entitlement. Import of goods so purchased abroad into India would be governed by the baggage rules/EXIM policy in force. 5.4 The Cardholder is solely responsible for ensuring that he transacts within his Basic Travel Quota (BTQ) limit. The entitlement of exchange should be ascertained (prior to the trip). The Card cannot be used for effecting remittances for which the release of exchange is not permissible under the extant/prevailing regulations. 5.5 The Cardholder may if he so desires draw foreign exchange against the Card in the form of foreign currency notes/Travellers Cheques to the extent of the entitlement from an Authorised Dealer/full-fledged money changer. Sale of such foreign currency notes/Travellers Cheques out of entitlement would be governed by the extant regulations and would be subject to the applicable ceilings. The Cardholder can choose to get his passport endorsed in respect of the foreign exchange withdrawn from an Authorised Dealer of foreign exchange during the calendar year, in the form of foreign currency notes/Travellers Cheques. 5.6 The Card cannot be used for effecting remittances for the purposes for which the release of exchange is not permitted under the extant regulations such asas subscription to (a) magazines which are on the prescribed/banned list, (b) pools, sweepstakes, lotteries, etc.