Terms and Conditions for Authorized Users of FinPayz (Abhirant Info Private Limited)
Please read these terms and conditions carefully before accessing or using FinPayz services. By accepting these terms and conditions, you agree to be bound by them and acknowledge that any violation may result in legal consequences.
1. Authorized Use:
- FinPayz services are exclusively for authorized users, and by accepting these terms, you confirm that you are an authorized user of FinPayz. - You must not share your account credentials or access with any other person or entity.
2. Prohibition of Fraudulent Activities:
- You agree not to engage in any fraudulent or unauthorized activities through FinPayz, including but not limited to financial fraud, money laundering, or illegal transactions
3. Responsibility for Transactions:
- Any financial transactions, AEPS (Aadhaar Enabled Payment System), DMT (Domestic Money Transfer), and recharge activities performed through FinPayz using your account will be your sole responsibility. - You must ensure the accuracy and legitimacy of all transactions initiated from your account.
4. User Liability:
- In case of any fraudulent activities or misuse of FinPayz services using your account, you shall be solely responsible for any losses incurred by the company or its customers.
5. Legal Jurisdiction:
In the event of any legal dispute arising from the use of FinPayz services, the jurisdictionshall be exclusively vested in the courts of Jaipur, Rajasthan, India
6. Compliance with Laws:
- You agree to comply with all applicable laws, regulations, and guidelines while using FinPayz services.
7. Data Privacy:
FinPayz will collect and store personal information as per the privacy policy. By using the services, you consent to the collection and use of your data in accordance with the privacy policy.
8. Service Availability:
- FinPayz reserves the right to modify, suspend, or terminate any or all of its services at any time without prior notice.
8.1 AEPS:-
1. FinPayz provides AEPS services using Aadhaar and biometric authentication for secure banking transactions. 2. Aadhaar information is collected and stored in compliance with UIDAI guidelines, solely for authentication during AEPS transactions. 3. Users must adhere to relevant laws, keep their Aadhaar information confidential, and bear sole responsibility for authorized transactions. 4. AEPS transactions may have daily limits and transaction fees as set by banks and NPCI. 5. FinPayz reserves the right to modify, suspend, or terminate AEPS services without prior notice, and users agree to the governing laws of India and indemnify the company as per the provided terms and conditions
8.2 DMT:
1. FinPayz offers Domestic Money Transfer (DMT) services for transferring funds domestically to individuals or beneficiaries. 2. Users must ensure the legality of the source of funds and comply with applicable laws for DMT transactions. 3. DMT transactions initiated through FinPayz are considered authorized by the user, who bears responsibility for all transactions on their account. 4. There may be transaction limits and charges, and once processed, DMT transactions are irreversible. 5. Users must provide accurate beneficiary details, and FinPayz reserves the right to modify or suspend DMT services without notice. Users must indemnify FinPayz for any claims or losses, and these terms constitute the entire agreement between the user and FinPayz for DMT services.
8.3 Recharge :
1. FinPayz offers Recharge services for topping up prepaid mobile numbers, DTH accounts, and other services on the platform. 2. Users must comply with applicable laws, ensure ownership of the numbers or accounts, and take responsibility for authorized transactions. 3. There may be transaction limits and charges, and once processed, Recharge transactions are non-refundable and irreversible. 4. FinPayz reserves the right to modify or suspend Recharge services without notice. 5. Users must indemnify FinPayz for any claims or losses, and these terms constitute the entire agreement between the user and FinPayz for Recharge services. By using the service, users agree to abide by these terms and conditions.
8.4 PAN Card :
1. FinPayz offers PAN Card services for applying for Permanent Account Numbers (PAN) through authorized channels. 2. Users must provide accurate and authentic information, comply with applicable laws, and accept service fees communicated by FinPayz. 3. FinPayz reserves the right to modify or suspend PAN Card services without notice, and users agree to indemnify the company for any claims or losses. These terms form the entire agreement between users and FinPayz for PAN Card services.
8.5 BBPS:-
1. FinPayz offers BBPS services for convenient bill payments of electricity, water, gas, broadband, and other utilities through a single platform. 2. Users must provide accurate and authentic payment details, comply with applicable laws, and accept transaction charges communicated by FinPayz. 3. BBPS transactions initiated through FinPayz are considered authorized by the user, who bears sole responsibility for bill payments. Transactions are non-refundable and irreversible once processed. Users must indemnify FinPayz for any claims or losses. The terms and conditions constitute the entire agreement between users and FinPayz for BBPS services. By using the service, users agree to abide by these terms and conditions.
8.6 Payout:
1. FinPayz offers Payout services for users to receive funds, incentives, refunds, or other payments from businesses or individuals. 2. Users must provide accurate and up-to-date information, including bank account details, to receive payouts and comply with applicable laws. 3. Payout transactions initiated through FinPayz are considered authorized by the user, who is solely responsible for all transactions using their account. Transactions are non-reversible once processed, and users must indemnify FinPayz for any claims or losses. The terms and conditions constitute the entire agreement between users and FinPayz for Payout services. By using the service, users agree to abide by these terms and conditions.
8.7 Credit Card:
1. FinPayz facilitates credit card payments for various goods and services. 2. Users must comply with applicable laws and use their credit cards legitimately according to the issuer's terms and conditions. 3. Credit card transactions initiated through FinPayz are authorized by the user, who is solely responsible for them. Transaction charges apply, and refunds or reversals are subject to the card issuer's policies. 4. FinPayz may modify or suspend Credit Card services without notice, and users must report suspicious transactions for fraud prevention. 5. Users must indemnify FinPayz for any claims or losses. The terms and conditions constitute the entire agreement between users and FinPayz for Credit Card services. By using the service, users agree to abide by these terms and conditions.
8.8 Bank Accounting Opening:
1. FinPayz facilitates the opening of bank accounts through authorized banking partners. 2. Users must meet eligibility criteria and provide required documentation as per regulatory requirements. 3. Compliance with applicable laws is mandatory while using the service. Users authorize the banking partner to process the account opening request based on the provided information and documents. 4. FinPayz may modify or suspend bank account opening services without notice. 5. Fraud prevention measures are in place, and users must report suspicious activities or unauthorized account openings. Users must indemnify FinPayz for any claims or losses. The terms and conditions constitute the entire agreement between users and FinPayz for bank account opening services. By using the service, users agree to abide by these terms and conditions
9. Indemnification:
You agree to indemnify and hold Abhirant Info Private Limited (FinPayz) and its affiliates harmless from any claims, losses, or damages arising from your use of FinPayz services or any violation of these terms and conditions.
10. Amendments:
Abhirant Info Private Limited (FinPayz) reserves the right to amend or modify these terms and conditions at any time. The updated terms will be posted on the FinPayz website, and your continued use of the services will constitute acceptance of the revised terms.
11. Account Security:
You are responsible for maintaining the confidentiality of your FinPayz account and password. Any activities conducted through your account will be deemed as authorized by you, and you shall be held accountable for such activities. - In case of any suspicion of unauthorized access to your account or any security breach, you must notify FinPayz immediately
12. Compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) Policies:
As an authorized user, you must comply with all AML and KYC policies implemented by FinPayz. This includes providing accurate and up-to-date information during the registration process and complying with any verification requests from FinPayz.
13. Usage Restrictions:
- You shall not use FinPayz services for any illegal, unlawful, or unauthorized purposes. - You shall not use the services to harass, defame, or harm any individual or entity, or to violate the rights of others.
14. Intellectual Property:
- All intellectual property rights, including copyrights, trademarks, and trade secrets, associated with FinPayz services and its website, are the property of Abhirant Info Private Limited. - You are not allowed to reproduce, modify, distribute, or use any proprietary information of FinPayz without prior written consent from the company.
15. Limitation of Liability:
- FinPayz and Abhirant Info Private Limited shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from your use of FinPayz services or any disruption in service, including but not limited to losses resulting from financial transactions or data breaches.
16. Termination of Access:
- FinPayz reserves the right to suspend or terminate your access to the services at its sole discretion, with or without cause, and without prior notice. - You may also terminate your account at any time by following the account closure procedure provided by FinPayz.
17. Governing Law:
These terms and conditions shall be governed by and construed in accordance with the laws of India.
18. Severability:
- If any provision of these terms and conditions is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
19. Entire Agreement:
These terms and conditions constitute the entire agreement between you and Abhirant Info Private Limited regarding your use of FinPayz services, superseding any prior agreements or understandings. By accepting these terms and conditions, you affirm that you have read, understood, and agreed to abide by them. If you do not agree with these terms, you must not proceed to use FinPayz services
Refund Policy
Any top-up payment / advance payment which is received from retailers / distributors deposit the advance payment to his retail account for, the retailer / distributor does not use the amount for goods & services and he wants his payment to return in this case after one month of deposit, retailer need to give refund request to us, once we will get refund request from the retailer, the balance amount will be refunded within 15 to 20 working days via same source.
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