Authorizing Bank definition
Authorizing Bank in respect of a Customer, means the bank with whom the Customer holds his/her Account from which Customer makes the payment in respect of the Products & Services purchased from Merchant
Authorizing Bank in respect of a Customer, means the bank with whom the Customer holds his/her Account from which Customer makes the payment in respect of the Products & Services purchased from Merchant. "Customer" shall mean a user placing any order for purchasing the Products & Services offered by the Merchant and intends to use his/her account either with SIB or with any other bank participating in UPI network for making the payment using the UPI.