Examples of UPI Facility in a sentence
The Customer will remain responsible for all the transactions made through the UPI Facility until the time of such termination.
BFL may suspend or terminate the UPI Facility with prior intimation of 30 days if the Customer has breached any of these Terms.
UPI Facility offers an instant, interbank electronic fund transfer, fund collection service, UPI Number, UPI- One time and recurring mandate related services to the Customers.
BFL will on best effort basis endeavour to provide to the Customer, UPI Facility (as defined below) in accordance with the UPI guidelines, circulars and / or regulations issued by the Reserve Bank of India (“RBI”) and / or National Payments Corporation of India (“NPCI”) and / or any other competent authority, from time to time (collectively referred to as “Guidelines”) subject to the terms and conditions herein specified.
BFL may withdraw or terminate the UPI Facility anytime either entirely or with reference to a specific UPI Facility without assigning any reasons whatsoever.
The facility may be suspended due to maintenance or repair work or any breakdown in the Network/Hardware/ Software for UPI Facility, any emergency or for security reasons without prior notice and bank shall not be responsible for any losses/damages to the Users.
All the records of SIB generated by the transactions arising out of the use of the UPI Facility, including the time the transaction is recorded shall be conclusive proof of the genuineness and accuracy of the transaction.
It is acknowledged and accepted that the User shall not assign / transfer or permit usage of the UPI Facility on the Citi Mobile App or on any 3rd Party PSP App or on the BHIM UPI Common App facility standing in his / her name to any other person / third party.
UPI Facility offers an instant, interbank electronic fund transfer or fund collection service to the Customers.
SIB does not hold out any warranty and makes no representation about the quality of the UPI Facility.