PAYMENT AND TRANSACTIONS. 9.1. Invoicing and payment obligations are set out in the Product Sales Appendix and/or the Alternative Payment Services Appendix (as applicable).
PAYMENT AND TRANSACTIONS. The Payment Gateway available on the Platform for investing in Mutual Funds is also provided by BSE Star MF Platform. Finzoom is acting as a facilitator for the Mutual Fund transactions on the Platform. Finzoom does not warranty or guarantee the performance of any Mutual Fund schemes that they offer. The User details like PAN, Address Details, Bank Details and Documents, Signature, etc would be shared with BSE Star MF Platform to facilitate the Mutual Fund order and Payment processing to be passed to relevant AMC’s. Such records may be used for authorizing the transactions that have been submitted by the User. Finzoom and BSE Star MF Platform would be communicating messages on the Mobile Number and email ID provided by the User to inform the status of the orders/ Investments/Portfolio/New schemes etc. The money debited from the User’s registered bank account in case of transactions in Mutual Funds shall be collected and it will be credited / transferred to the respective Mutual Funds either on the same day (in case the order is placed before the cut off time) or the next working day (in case the order is placed after the cut off time). Hence, the User agrees, understand and acknowledge that there would be an interim time lag in transferring / crediting the money to the respective Mutual Fund account. The units of the schemes shall be allotted, redeemed or switched, as the case may be, at the Net Asset Value (NAV) prevalent on the date of the transaction request. The User agree that any transaction request falling due on a holiday or after the cut off time mentioned on the Platform would be processed on the next working day and respective NAV would be applicable as per the Mutual Fund's scheme information document. The cut-off timings will be prior to the statutory cut-off timing specified under the SEBI Regulations and the scheme information document for operational convenience. The User can refer on the Platform for updated status with respect to the order at all times. There may be a possibility of variances in values arising out of delayed data feeds, transmission losses in electronic data, electronic fund transfer etc. for which Finzoom and its authorised representatives shall not be liable. The User agrees to maintain a clear balance in its Bank Account at all times to cover the purchase price and other costs and charges / quantity of units.
PAYMENT AND TRANSACTIONS
