You too can become a proud member of the Centralcard family. Here are the terms and conditions which every applicant is required to follow.
1. In these terms and conditions ''The Bank" means Central Bank of India and is
affiliates and their successors and assignees. 'The Card' means the Central
Card currenUy issued to a cardholder. 'Cardholder' means the member of the
Central Card scheme to whom or for whose use a card is issued by the Bank;
'Concerned Card Account' means that current or savings deposit account to
which all the dues payable by the Cardholder to be debited and 'Concerned
Branch' means branch office of the Bank at which the concerned card account is
maintained either in the name of the cardholder or in the name of the Company I
Firm.
2. Applicants and Add-on member (if any) must be an Indian resident over twenty
one (21) years of age and a maximum 60 years.
3. The Bank may at its sole discretion refuse this application without assigning any reason whatsoever.
4. The Cardholder shall sign the Centralcard as per the specimen signature given
on the application form for Centralcard membership.
5. The Card shall remain the property of the Bank at all times and the Bank shall be entiUed at its absolute discretion at any time to withdraw, cancel or terminate the card and any services thereby offered, without gMng any prior notice or reason thereof. 'The cardholder shall unconditionally and immediately upon demand surrender the card to the Bank. 'The cardholder shall not change his
name/signature during currency of the card.
6. The Bank shall be entitled. form time to time, to impose any limit whether in
amount or otherwise on the use of the card.
7. The Bank's record of all transactions effected by the use of card shall be
conclusive and binding on the cardholder for all purposes.
8. Sufficient balance shall be maintained in the concerned SB/Current/ OD account to enable automatic recovery of the dues payable in respect of the Centralcard.
9. The Bank reserves the right to combine or consolidate the outstanding balance
on the cardholder card account with any other account which the cardholder
maintains or which may be opened afterwards with the Bank and the cardholder
agrees to transfer any credit balance in these accounts to set off the outstanding
in the cardholder's card account.
10. All payments made by the cardholder(s) shall be applied by the Bank first
towards satisfaction of replacement, handling and other fees, interest and
finance charge payable and secondly of the outstanding purchase money, cash
advance and all other deeds involving the use of the card(s).
11. The cardholder will collect form the member establishments the cardholder's
copy of every charge slip that he signs and will preserve the same carefully for
his record. The cardholder agrees to pay handling charges, for the supply of
photocopy of any particular chargeslip he signed that is specially requested by
the cardholder from the Bank at such rate as the Bank shall determine from time
to time. The Bank will not supply photocopy of chargeslip older than one year
from the date thereof.
12. The Centralcard shall be used by the cardholder only by himself and he shall not allow any other person to use it on his behalf nor shall he lend or transfer the card to anyone else.
13. The Bank may issue add-on cards in the name of those persons nominated by the cardholder. Both the cardholder and the add-on cardholder shall be jointly and severally liable for the use of the add-on card.
14. These terms and conditions shall apply to the use of all add-on cards and be
binding on the add-on cardholders.
15. The cardholder must prompUy notify the Bank in writing of any change in address (office or home) I Branch Name and Account No. or any other material
information already supplied by him.
16. Charaes I Fee Stucture of Visa Classic Card
Enrolment/ Annual Finance charge Late Cheque Duplicate
Joining Fee Membership on revolving payment returned Statement
Fee credit facility fee unpaid Charge
2.5% .P.m. or part Rs.100/- Rs.150/- Rs.100/-
NIL NIL thereof on the unpaid per for per
amount of his bill month every Statement
from the date of cheque
transaction bounced
The renewal of card is automatic subject to satisfactory card utilization.
However, Bank shall have sole discretion and liberty to renew I refuse to
renew any card without assigning any reason whatsoever.
18. In case of non - renewal of card, the Cardholder has to give 3 months notice
before the card falling due for renewal, failing which the cardholder will be
liable for the charges, if any.
19. The Bank reserves the right to charge handling charges to the concerned card accountfor the supply of replacement card.
20. The Bank has the right to withdraw the privileges attached to the Centralcard
and to call upon the cardholder to surrender the card and I or pick it up through
the member establishments, or their representatives or any other
representative of the Bank without assigning any reason whatsoever.
21. The use of the Centralcard after the expiry date or after the notice of
withdrawal ofthe privileges is fraudulent and subjects the cardholder to legal
proceedings.
22. Use of the card shall be terminated, without notice, upon the death,
bankruptcy or insolvency of the cardholder or when the whereabouts of the
cardholder become unknown to the Bank due to any cause attributable to the
cardholders.
23. lfthe Centralcard is lost or stolen, submitto us atthe earliest a copy ofthe FIR
lodged with the police. The cardholder shall notify the Bank immediately of its
loss or theft by telephone, telegram or telex and also confirm the same by
Registered AD letter. The responsibility of the cardholder will cease only after
his reporting is noted at our end. Necessary fee will be charged.
24. Whenever the card is used at the member establishments, the cardholder
must affix his signature on the chargeslips presented by the member
establishments showing the amount payable by him. Even if this is not done
for some reason, the cardholder shall remain liable to pay the Bank such
amounts which become due on the use of his Centralcard.
25. The Bank is not responsible for the refusal by any member establishment to
accept or honour the card nor shall it be responsible in any way for the goods
or services supplied to the cardholder. The cardholder shall handle or resolve
all claims or disputes directly with such member establishments and no claim
by the cardholder against the member establishments may be the subject of
set-off or counter claim against the Bank. The Bank will credit the cardholders
card account with the amount of any refund only upon receipt of a properly
issued credit slip or cheque or demand draft.
26. The original bills of the member establishment will be collected by the
cardholder at the time of signing the chargeslips. The Bank will not be
responsible to furnish such original bills of the member establishments to the
cardholder.
27. The cardholder shall pay all costs of collection of dues, legal expenses and
decretal amounts with interest, should it become necessary to refer the matter
to a collection agency or to a legal recourse to enforce payment.
28. The Bank reserves the right to claim from the cardholder any amount due to
the Bank which may not have appeared in the last statement within six(6)
months after the termination or cancellation ofthe card.
29. Revolving credit facility as an option is available with minimum monthly
payment of 5% of the outstanding amount.
30. Non payment of card usage within the due date shall attract service charges
@ 2.5% per month or part thereof (compounded). Any outstanding amount
payable by the Cardholder is liable to be levied further service charges @
2.5% per month or part thereof from the date of transactions of the entire
amountofthe bill until the outstanding amount is fully paid off.
31. Service tax is levied on finance charges, replacement card fee, cash advance
fee, chargeslips/ statement retrieval fee, surcharges/ service charge on
railway fare, fuel charges and utility bill payments, charges on over limit
accounts and late payment fee, Interest on delayed payment, interest on
revolving credit etc. as per rates specified by the Govt. from time to time.
32. In case of disputes and legal proceedings that may be intiated, only the courts in India shall have jurisdiction.
33. C/o. mailling address to branch will be incorported for all new Centralcards
issued.
34. The Bank would be at its sole discretion to approve I reject any card
transaction.
35. The Bank is entitled to add, alter or amend these terms and conditions at its
absolute discretion and without assigning any reason whatsoever. Any such
change will become effective and be binding on the cardholder irrespective of
whether the cardholder has or lacks actual notice or knowledge thereof. The
terms and conditions as specified at any time will be binding on the
cardholder.
BRANCH RECOMMENDATIONS
BRANCH NAME :
BRANCH CODE (6 LETTER CODE)
FINALCIAL DATA
AND OTHER
INFORMATION
VERIFIED BY US.
SIGNATURE OF BRANCH MANAGER
INDEX NO.-------- DATE
NAME:
R.O.NAME
R.O.CODE
CARD ISSUANCE ISSUANCE OF CARD
PERMITTED SANCTIONED
GMIDGMIAGMICM SANCTIONING AUTHORITY
(CENTRALCARD) CHIEF MANAGER I
REGIONAL MANAGER I
ZONALMAMAGER
FOR OFFICE USE
ALPHA
I
CODE IA LPHL CODE BR2
ZONE REGION STATE JOINING
DATE
CARD NUMBER EXPIRY INITIAL

Central Bank of India