Common use of Conduct of Account Clause in Contracts

Conduct of Account. 4.1 Operations in the relationship shall be permitted only after the activation of the relationship and the Client who has opened a relationship with the Bank should get a confirmation from the Bank as to the activation of the relationship. A relationship shall not be activated unless all procedural requirements under Clause 2.2 above are successfully completed and the Bank has notified the Applicant(s) of the opening of the relationship with the Bank. The Bank shall not be responsible or liable for any consequences or losses suffered to the Applicant(s) due to any operation or attempted operation of the relationship prior to the activation of the relationship. 4.2 Transactions are entertained normally during banking hours at the Bank, unless agreed otherwise between the Bank and the Client. The Bank is authorised to receive and act on instructions or orders given by or appearing to be given by the Client in writing, by telephone, by facsimile or by such other means as may be specified by the Bank from time to time subject to such conditions as it may deem fit. The Bank is under no obligation to pass on instructions or orders received by it to other members of the ICICI Group or third parties received by it through mobile telephone, other electronic means (e.g. e-mail), instructions or orders which are or appear to be incorrectly signed or received outside its usual business hours unless specifically agreed to by the Bank, subject to such terms and conditions as it may specify from time to time. The Client acknowledges that the Bank receives instructions or orders from the Client solely as an intermediary for other members of the ICICI Group or third parties and the receipt of an instruction or order by the Bank will in no way prejudice the right of the Bank or any other member of the ICICI Group or third parties to reject such instruction or order on the basis that it is not signed correctly, does not correspond with the rules and regulations of the relevant exchanges, exceeds the total credit balance of the Client's account with ICICI group or in any other way is in breach of these Terms or the terms of the Client's agreement for the operation of their relationship with any other member of the ICICI Group. 4.3 The Bank shall not impose any additional restrictions on the types of Investments or markets in which you as Client wish to invest except as specifically agreed in writing between the Client and the Bank. 4.4 Details of the fees and charges payable to the Bank for rendering the Services may be found in a separate Schedule 1, with the heading "Fees for Services" and may be changed from time to time. In case of any change in the "Fees for Services", the Bank would give a 30 days notification in writing to the Client which shall take effect immediately. 4.5 The Bank will consider the suitability of any particular Investment or Investment Opportunities for the Client when giving any information or accepting instructions or orders in respect of such Investment or Investment Opportunities based on the information provided in the FFF and in accordance with clauses 3.2 and 3.3. 4.6 The Bank shall not provide any advice to the Client regarding tax implications of Investments in particular or the Client's tax position in general. The Client is recommended to consult a local tax specialist regarding such matters. 4.7 The Bank's responsibility in relation to any instructions or orders received from a Client will be limited to forwarding such instructions or orders to other members of the ICICI Group or to the appropriate third party with whom the Client has a separate relationship governed by the terms and conditions applicable to that member of the ICICI Group. 4.8 The Bank will only receive instructions or orders from those persons authorised to operate the relationship in accordance with existing arrangements (which will remain effective until such time as the Bank receives written cancellation of such persons authority, regardless of entries to the contrary in any public register or otherwise). Where more than one person has been authorised to provide instructions or orders on behalf of a Client, the Bank may assume that each such person can exercise such authority alone, unless the Client provides written instructions to the Bank to the contrary. 4.9 The Bank shall be under no obligation to monitor the Investment(s). 4.10 Nothing in these Terms nor any information and communication given to the Client by the Bank nor the acceptance of any instructions or orders to undertake Investments on behalf of the Client will give rise to any fiduciary or equitable duties on our part which would require the Bank to accept responsibilities more than those set out in these Terms. 4.11 In the event of any dissatisfaction on the Client's part in respect of Services provided by the Bank pursuant to this Terms, the Client may forward a complaint in writing stating in details the nature of the same to xxxxxxxxxxxxxxxxxx@xxxxxxxxx.xxx or as communicated for this purpose from time to time or to the following address: ICICI Bank Ltd., Dubai International Financial Centre, 505, Level 5, Gate Precinct Building 0, Xxxxxx Xxxxx Xxxx, X.X. 000000, Xxxxx, XXX In responding to and assessing the merits of the complaints, the Bank shall comply with and be guided by its complaint handling policy and procedures.

Conduct of Account. 4.1 Operations in the relationship shall be permitted permitted, only after the activation of the relationship relationship, and the Client who has opened a relationship with the Bank should get a confirmation from the Bank as to the activation of the relationship. A relationship shall not be activated activated, unless all procedural requirements under Clause 2.2 above are successfully completed and the Bank has notified the Applicant(s) of the opening of the relationship with the Bank. The Bank shall not be responsible or liable for any consequences or losses suffered to the Applicant(s) due to any operation or attempted operation of the relationship prior to the activation of the relationship. 4.2 Transactions are entertained normally during banking hours at the Bank, unless agreed otherwise otherwise, between the Bank and the Client. The Bank is authorised to receive and act on instructions or orders given by or appearing to be given by the Client in writing, by telephone, by facsimile or by such other means means, as may be specified by the Bank from time to time time, subject to such conditions as it may deem fit. The Bank is under no obligation to pass on instructions or orders received by it to other members of the ICICI Group or third parties received by it through mobile mobile, telephone, other electronic means (e.g. e-mail), instructions or orders which are or appear to be incorrectly signed or received outside its usual business hours hours, unless specifically agreed to by the Bank, subject to such terms and conditions conditions, as it may specify from time to time. The Client acknowledges that the Bank receives instructions or orders from the Client solely as an intermediary for other members of the ICICI Group or third parties and the receipt of an instruction or order by the Bank will in no way prejudice the right of the Bank or any other member of the ICICI Group or third parties to reject such instruction or order on the basis that it is not signed correctly, does not correspond with the rules and regulations of the relevant exchanges, exceeds the total credit balance of the Client's account with ICICI group Group or in any other way is in breach of these Terms or the terms of the Client's agreement for the operation of their relationship with any other member of the ICICI Group. 4.3 The Bank shall not impose any additional restrictions on the types of Investments or markets in which you as a Client wish to invest invest, except as specifically agreed in writing between the Client and the Bank. 4.4 Details of the fees and charges payable to the Bank for rendering the Services may be found in a separate Schedule 1, with the heading "Fees for Services" and may be changed from time to time. In case of any change in the "Fees for Services", the Bank would give a 30 days <30>- day notification in writing to the Client Client, which shall take effect immediately. 4.5 The Bank will consider the suitability of any particular Investment or Investment Opportunities for the Client when giving any information or accepting instructions or orders in respect of such Investment or Investment Opportunities based on the information provided in the FFF and in accordance with clauses Clauses 3.2 and 3.3. 4.6 The Bank shall not provide any advice to the Client regarding tax implications of Investments in particular or the Client's tax position in general. The Client is recommended to consult a local tax specialist regarding such matters. 4.7 The Bank's responsibility in relation to any instructions or orders received from a Client will be limited to forwarding such instructions or orders to other members of the ICICI Group or to the appropriate third party with whom the Client has a separate relationship relationship, governed by the terms and conditions applicable to that member of the ICICI Group. 4.8 The Bank will only receive instructions or orders from those persons authorised to operate the relationship relationship, in accordance with existing arrangements (arrangements, which will remain effective until such time as the Bank receives written cancellation of such persons person’s authority, regardless of entries to the contrary in any public register or otherwise). Where more than one person has been authorised to provide instructions or orders on behalf of a Client, the Bank may assume that each such person can exercise such authority alone, unless the Client provides written instructions to the Bank to the contrary. 4.9 The Bank shall be under no obligation to monitor the Investment(s). 4.10 Nothing in these Terms nor any information and communication given to the Client by the Bank nor the acceptance of any instructions or orders to undertake Investments on behalf of the Client will give rise to any fiduciary or equitable duties on our part part, which would require the Bank to accept responsibilities more than those set out in these Terms. 4.11 In the event of any dissatisfaction on the Client's part in respect of Services provided by the Bank pursuant to this these Terms, the Client may forward a complaint in writing writing, stating in details the nature of the same to xxxxxxxxxxxxxxxxxx@xxxxxxxxx.xxx <xxxxxxxxxxxxxxxxxx@xxxxxxxxx.xxx> or as communicated for this purpose from time to time or to the following address: <ICICI Bank Ltd.Limited., Dubai International Financial Centre, 505Central Park Building, Level 527, Gate Precinct Building 0, Xxxxxx Xxxxx Xxxx, X.X. Office Tower 00-00X.X. 000000, Xxxxx, XXX XXX> In responding to and assessing the merits of the complaints, the Bank shall comply with and be guided by its complaint handling policy and procedures.