Common use of Auto-Debit Clause in Contracts

Auto-Debit. If the Cardmember has a Current Account or a Savings Account at any of our branches in India, the Bank may at its sole discretion arrange to have any one of these accounts debited automatically every month on the Cardmember's written request. The Cardmember may note that the Auto-Debit facility will not be available on certain classes of Accounts as determined by the Bank from time to time. Accounts currently residing in Micro Banker will not be eligible to participate in this facility. The Automatic debit will be processed on the registered account nominated by the Cardmember from the PaymentDue Date and will be credited to the Card Account. In the event of non-realization of payment in the first attempt, repeat attempts will be made until realization of payment Cardmember must have sufficient cleared funds in the nominated Savings or Current Account at the time of the debit being processed. In case the Cardmember has instructed the Bank to clear the Card Account balance fully (i.e., 100% Auto-Debit) each month, but the cleared balance a vailable in the nominated Savings or Current Account is insufficient in any month, the Auto-Debit service will instead claim only the Minimum Amount Due (if the cleared balance in the nominated account is sufficient to cover the Minimum Amount Due). In such instances of non- recovery for Total Amount Due for two successive months, the Auto-Debit instruction for all subsequent months will be amended by the Bank to claim for the Minimum Amount Due until receipt of fresh instructions from the customer. Where the Auto-Debit service claims the Minimum Amount Due, and the nominated Savings or Current Account does not have sufficient funds to meet the claim, the amount will be reserved to Cardmember's Card Account and the Auto-Debit reversal charges at the prevailing rate would be levied to the Card Account. In such instance of non-recovery of Minimum Amount Due for two successive months, the Auto-Debit instruction for all subsequent months will be cancelled until receipt of fresh instructions from the customer for incorporation of Auto- Debit. The Bank reserves the right to accept and/or subsequently cancel or not accept any such instructions. In case the Cardmember has instructed the Bank to claim for amounts other than the Minimum Amount Due and there is a credit or a payment made to the Card Account before the Payment due date, the Bank may at its discretion claim only the residual amount i.e., the difference between the amount outstanding as per the Statement and the payments/other credits received before the Payment due date. The Bank reserves the right to amend its policies with respect to such instructions from time to time. In case the Cardmember has instructed the Bank to claim for amounts other than the Minimum Amount Due and in the event of non-recovery of funds, the Bank will attempt to recover at least the Minimum Amount Due on the Card Account. In future, the Bank may introduce at its discretion a variable option for Auto-Debit facility. Where the Cardmember has opted for a variable amount and the Minimum Amount Due payable on the Card Account is higher than the option exercised, the Bank reserves the right to claim the higher of the two. If the Auto-Debit cannot be claimed for insufficient funds on the recovery date, the Auto-Debit reversal charges would be levied irrespective of any other payment/credit made into the Card Account through any other mode other than Auto-Debit. The Bank at a predetermined overdue status would reserve the right to withdraw the standing instructions given by the Cardmember without any prior notice and the facility may not be made available in future. In a specific case where subsequent to providing instruction to the Bank to Auto-Debit a nominated account, the nominated account is closed or transferred to another branch, the Cardmember undertakes to advise the Cards Services Division of the Bank of the change in status of the nominated account. Please note that the service or penal charges that accrue to the Cardmember's account because of non-compliance or delay of this advice will not be refunded.

Auto-Debit. If the Cardmember has a Current Account or a Savings Account at any of our branches in India, the Bank may at its sole discretion arrange to have any one of these accounts debited automatically every month on the Cardmember's ’s written request. The Cardmember may note that the Auto-Auto Debit facility will not be available on certain classes of Accounts as determined by the Bank from time to time. Accounts currently residing in Micro Banker MicroBanker will not be eligible to participate in this facility. The Automatic debit will be processed on the registered account nominated by the Cardmember from the PaymentDue Payment Due Date and will be credited to the Card Account. In the event of non-realization of payment in the first attempt, repeat attempts will be made until realization of payment. In the event of non-realisation of payment in the first attempt, repeat attempts will be made until realization of payment. Cardmember must have sufficient cleared funds in the nominated Savings or Current Account at the time of the debit being processed. In case the Cardmember has instructed the Bank to clear the Card Account balance fully (i.e., 100% Auto-Auto Debit) each month, but the cleared balance a vailable available in the nominated Savings or Current Account is insufficient in any month, the Auto-Auto Debit service will instead claim only the Minimum Amount Due (if the cleared balance in the nominated account Account is sufficient to cover the Minimum Amount Due). In such instances of non- recovery for Total Amount Due for two successive months, the Auto-Debit instruction for all subsequent months will be amended by the Bank to claim for the Minimum Amount Due until receipt of fresh instructions from the customer. Where the Auto-Auto Debit service claims the Minimum Amount Due, and the nominated Savings or Current Account does not have sufficient funds to meet the claim, the amount will be reserved reversed to Cardmember's ’s Card Account and the Auto-Debit auto pay reversal charges at the prevailing rate would be levied to the Card Account. In such instance of non-recovery of Minimum Amount Due for two successive monthsHowever, the Auto-Auto Debit instruction for all subsequent months will continue to be cancelled until receipt of fresh effective as per the original instructions from given by the customer for incorporation of Auto- DebitCardmember. The Bank reserves the right to accept and/or subsequently cancel or not to accept any such instructions. In case the Cardmember has instructed the Bank to claim for amounts other than the Minimum Amount Due and there is a credit or a payment made to the Card Account before the Payment due dateDue Date, the Bank may at its discretion claim only the residual amount i.e., the difference between the amount outstanding as per the Statement and the payments/payments/ other credits received before the Payment due dateDue Date. The Bank reserves the right to amend its policies with respect to such instructions from time to time. In case the Cardmember has instructed the Bank to claim for amounts other than the Minimum Amount Due and in the event of non-recovery of funds, the Bank will attempt to recover at least the Minimum Amount Due on the Card Account. In future, the Bank may introduce at its discretion a variable option for Auto-Auto Debit facility. Where the Cardmember has opted for a variable amount and the Minimum Amount Due payable on the Card Account is higher than the option exercised, the Bank reserves the right to claim the higher of the two. If the Auto-Auto Debit cannot be claimed for insufficient funds on the recovery date, the Auto-Auto Debit reversal charges would be levied irrespective of any other payment/credit made into the Card Account through any other mode other than Auto-Auto Debit. The Bank at a predetermined overdue status would reserve the right to withdraw the standing instructions given by the Cardmember without any prior notice and the facility may not be made available in future. In a specific case where where, subsequent to providing instruction to the Bank to Auto-Auto Debit a nominated accountAccount, the nominated account Account is closed or transferred to another branch, the Cardmember undertakes to advise the Cards Services Division of the Bank of the change in status of the nominated accountAccount. Please note that the service or penal charges that accrue to the Cardmember's account ’s Account because of non-compliance or delay of this advice will not be refunded.

Auto-Debit. If the Cardmember has a Current Account current account or a Savings Account savings account at any of our branches in India, the Bank may at its sole discretion arrange to have any one of these accounts debited automatically every month on the Cardmember's ’s written request. The Cardmember may note that the Auto-Auto Debit facility will not be available on certain classes of Accounts as determined by the Bank from time to time. Accounts currently residing in Micro Banker will not be eligible to participate in this facility. The Automatic debit These automatic debits will be processed on the registered to savings or current account nominated by the Cardmember from within five working days of the PaymentDue Payment Due Date and will be credited to the Card AccountAccount on the business day after the payment due date, or date of such debit. In the event of non-realization of payment in the first attempt, repeat attempts will be made until realization of payment Cardmember must have sufficient cleared funds in the nominated Savings savings or Current Account current account at the time of the debit being processed. In case the Cardmember has instructed the Bank to clear the Card Account balance fully (i.e., 100% Auto-Debitdebit) each month, but the cleared Cleared balance a vailable available in the nominated Savings savings or Current Account current account is insufficient in any month, the Auto-Debit debit service will instead claim only the Minimum Amount Due (if the cleared balance in the nominated account is sufficient to cover the Minimum Amount Due). In such instances of non- non-recovery for Total Amount Due total amount due for two successive months, the Auto-Debit debit instruction for all subsequent months will be amended by the Bank to claim for the Minimum Amount Due until receipt of fresh instructions from the customer. Where the Auto-Debit debit service claims the Minimum Amount Due, and the nominated Savings savings or Current Account current account does not have sufficient funds to meet the claim, the amount will be reserved to Cardmember's ’s Card Account and the Auto-Debit debit reversal charges at the prevailing rate would be levied to the Card Accountaccount. In such instance of non-recovery of Minimum Amount Due for two successive months, the Auto-Debit debit instruction for all subsequent months will be cancelled until receipt of fresh instructions from the customer for incorporation of Auto- DebitAuto-debit. The Bank reserves the right to accept and/or and / or subsequently cancel or not accept any such instructions. In case the Cardmember has instructed the Bank to claim for amounts other than the Minimum Amount Due and there is a credit or a payment Payment made to the Card Account before the Payment due date, the Bank may at its discretion claim only the residual amount i.e., the difference between the amount outstanding as per the Statement and the payments/payments / other credits received before the Payment due date. The Bank reserves the right to amend its policies with respect to such instructions from time to time. In case the Cardmember has instructed the Bank to claim for amounts other than the Minimum Amount Due and in the event of non-recovery of funds, the Bank will attempt to recover at least the Minimum Amount Due on the Card Account. In future, the Bank may introduce at its discretion a variable option for Auto-Debit debit facility. Where the Cardmember has opted for a variable amount and the Minimum Amount Due payable on the Card Account is higher than the option exercised, the Bank reserves the right to claim the higher of the two. If the Auto-Debit debit cannot be claimed for insufficient funds on the recovery date, the Auto-Debit debit reversal charges would be levied irrespective of any other payment/payment / credit made into the Card Account through any other mode other than Auto-Debitdebit. Page The Bank at a predetermined overdue status would reserve the right to withdraw the standing instructions given by the Cardmember without any prior notice and the facility may not be made available in future. In a specific case where subsequent to providing instruction to the Bank to Auto-Debit debit a nominated account, the nominated account is closed or transferred to another branch, the Cardmember undertakes to advise the Cards Services Division of the Bank of the change in status of the nominated account. Please note that the service or penal charges that accrue to the Cardmember's ’s account because of non-compliance or delay of this advice will not be refunded.

Auto-Debit. (a) The Borrower agrees that the Lender will debit deposit account number 14594-03916 owned by the Borrower, or such other of the Borrower's accounts with the Lender as designated in writing by the Borrower (the "Designated Account") on the date (the "Due Date") when principal, interest and/or fees are payable under this Agreement. (b) Prior to each Due Date, the Lender will mail to the Borrower a statement of the amounts that will be due on that Due Date (the "Billed Amount"). The xxxx will be mailed a specified number of calendar days prior to the Due Date, which number of days will be mutually agreed from time to time by the Lender and the Borrower. The calculations in the xxxx will be made on the assumption that no new extensions of credit or payments will be made between the date of the billing statement and the Due Date, and that there will be no changes in the applicable interest rate. (c) The Lender will debit the Designated Account for the Billed Amount, regardless of the actual amount due on that date (the "Accrued Amount"). If the Cardmember has a Current Billed Amount debited to the Designated Account or a Savings Account at any of our branches in Indiadiffers from the Accrued Amount, the Bank may at its sole discretion arrange to have any one discrepancy will be treated as follows: (i) if the Billed Amount is less than the Accrued Amount, the Billed Amount for the following Due Date will be increased by the amount of these accounts debited automatically every month on the Cardmember's written requestdiscrepancy. The Cardmember may note that the Auto-Debit facility Borrower will not be available on certain classes in default by reason of Accounts as determined any such discrepancy; (ii) if the Billed Amount is more than the Accrued Amount, the Billed Amount for the following Due Date will be decreased by the Bank from time amount of the discrepancy. Regardless of any such discrepancy, interest will continue to timeaccrue based on the actual amount of principal outstanding without compounding. Accounts currently residing in Micro Banker The Lender will not be eligible to participate in this facility. pay the Borrower interest on any overpayment. (d) The Automatic debit Borrower will be processed on the registered account nominated by the Cardmember from the PaymentDue Date and will be credited to the Card Account. In the event of non-realization of payment in the first attempt, repeat attempts will be made until realization of payment Cardmember must have maintain sufficient cleared funds in the nominated Savings or Current Designated Account at the time of the debit being processedto cover each debit. In case the Cardmember has instructed the Bank to clear the Card Account balance fully (i.e., 100% Auto-Debit) each month, but the cleared balance a vailable If there are insufficient funds in the nominated Savings or Current Designated Account is insufficient in on the date the Lender enters any monthdebit authorized by this Agreement, the Auto-Debit service will instead claim only Lender may reverse the Minimum Amount Due (if the cleared balance in the nominated account is sufficient to cover the Minimum Amount Due). In such instances of non- recovery for Total Amount Due for two successive months, the Auto-Debit instruction for all subsequent months will be amended by the Bank to claim for the Minimum Amount Due until receipt of fresh instructions from the customer. Where the Auto-Debit service claims the Minimum Amount Due, and the nominated Savings or Current Account does not have sufficient funds to meet the claim, the amount will be reserved to Cardmember's Card Account and the Auto-Debit reversal charges at the prevailing rate would be levied to the Card Account. In such instance of non-recovery of Minimum Amount Due for two successive months, the Auto-Debit instruction for all subsequent months will be cancelled until receipt of fresh instructions from the customer for incorporation of Auto- Debit. The Bank reserves the right to accept and/or subsequently cancel or not accept any such instructions. In case the Cardmember has instructed the Bank to claim for amounts other than the Minimum Amount Due and there is a credit or a payment made to the Card Account before the Payment due date, the Bank may at its discretion claim only the residual amount i.e., the difference between the amount outstanding as per the Statement and the payments/other credits received before the Payment due date. The Bank reserves the right to amend its policies with respect to such instructions from time to time. In case the Cardmember has instructed the Bank to claim for amounts other than the Minimum Amount Due and in the event of non-recovery of funds, the Bank will attempt to recover at least the Minimum Amount Due on the Card Account. In future, the Bank may introduce at its discretion a variable option for Auto-Debit facility. Where the Cardmember has opted for a variable amount and the Minimum Amount Due payable on the Card Account is higher than the option exercised, the Bank reserves the right to claim the higher of the two. If the Auto-Debit cannot be claimed for insufficient funds on the recovery date, the Auto-Debit reversal charges would be levied irrespective of any other payment/credit made into the Card Account through any other mode other than Auto-Debit. The Bank at a predetermined overdue status would reserve the right to withdraw the standing instructions given by the Cardmember without any prior notice and the facility may not be made available in future. In a specific case where subsequent to providing instruction to the Bank to Auto-Debit a nominated account, the nominated account is closed or transferred to another branch, the Cardmember undertakes to advise the Cards Services Division of the Bank of the change in status of the nominated account. Please note that the service or penal charges that accrue to the Cardmember's account because of non-compliance or delay of this advice will not be refundeddebit.