PIN Facility definition
Examples of PIN Facility in a sentence
The Unitholder may terminate the PIN Facility by making an application to RCAM in writing and signed by him along with other joint Unitholders and disable the PIN.
Unit holder hereby agrees to fully indemnify and hold RCAM, its officers, employees, successors and assigns indemnified and harmless against any action, suit, proceedings, demand and claims, of whatsoever nature, initiated against it or any loss, cost, charge or damage incurred by it as a result of usage of Online Facility and / or Call Center Facility using the PIN Facility or the PIN by the Unitholder.
Any instruction given to RCAM through the PIN Facility shall be deemed to have been given by the Unitholder/s to RCAM and RCAM shall be entitled to assume that the said instructions are given by the Unitholder/s and RCAM shall at all time be protected from acting thereon.
In case a broker code is assigned by the Unit Holder to the purchase transactions done using the PIN Facility, the AMC shall deduct transaction charges on such purchase transactions in accordance with the provisions of the SAI/respective SID, if the respective Broker has opted to receive transaction charges.
In case of purchases using the PIN Facility, if the folio number of the Unit Holder already consists of a specific distributor(s), then the default broker codes for that folio will be the ARN of that distributor or the last transacted distributor in case there are multiple distributors registered under the folio.
RCAM will not be liable for any failure to act upon instructions or to provide any facility for any cause that is beyond RCAM’s control.The Unitholder hereby takes responsibility for all the transactions undertaken by using the PIN Facility and will abide by the record of the transactions generated by RCAM.
The Unit Holder is desirous of availing the PIN Facility offered by the AMC, and the AMC is willing to extend the PIN Facility to the Unit Holder on the terms and conditions as set out herein.'5.
The Unit Holder will be allotted a PIN for this purpose; the PIN is required to identify the Unit Holder.4. The PIN Facility shall only be available to an Individual who is an existing folio holder (zero balance or otherwise) with the Mutual Fund and having mode of operation/ holding of the existing folio either as “single” or as “anyone or survivor”.
RCAM excludes any liability arising out of any omissions, errors or investment consequences arising from the use of the PIN Facility on the Website by any Unitholder.
I/We have read and understood the Terms & Conditions for PIN Facility mentioned in the instructions of the form and accept & agree to be bound by the said terms & conditions.