2. YOUR OBLIGATIONS

Summary: You must always (a) provide us with correct information; (b)keep your mobile device secure, and (c) be responsible for all costs in case we suffer any damages or claims owing to your use of the App. Lastly, remember to keep the App updated.

• Duty to provide true information: The information you provide is used by us and our Affiliates to determine your eligibility for our Services. It is critical that all information you provide to us be true, complete, not misleading and is regularly updated by you. If all or any part of this information is incorrect, incomplete or misleading, it would be a breach of these Terms and a violation of the law. We may approach the police and other appropriate authorities to initiate action against you. You must further ensure that you do not do anything that can make the information provided by you incorrect, incomplete or misleading at a later date. If you discover any information provided is incorrect, incomplete or misleading, then please write to the respective Grievance Officer immediately.
• Duty to be responsible: Considering the nature of the App and Services provided, please ensure that you keep your mobile device safe. You are solely responsible for all activities that occur under your credentials on the App and any amounts debited or credited to your bank account. You should keep your password safe and not disclose your INDBIN Fintech Account details to any third party or share the account with any third party. If you think someone has gained access to your INDBIN Fintech Account, please contact our Grievance Officer immediately and undertake such other activities as may be required. If you are directed to our third-party services, you may be subject to terms and conditions governing the use of that third party's service and that third party's personal information collection practices. Please review such terms and conditions and privacy policy before using the third party's services.
• Obligation to indemnify: To the extent permitted under applicable law, you agree, to indemnify us (i.e., the Company), our Affiliates, directors, agents, and employees from and against all complaints, demands, claims, damages, losses, costs, liabilities and expenses, including attorney fees, due to, arising out of or relating in any way to
  • Your access to or use of the App and/or Services;
  • Your breach of these Terms;
  • Your breach of any applicable laws or third-party rights;
• Ensure compatibility and keep updated: You must ensure that you keep updating the App as and when we release new versions of it. Failure to do so may make you incapable of using certain Services or the App altogether. You should also ensure that you are able to use the App with your preferred bank account.

3. RESTRICTIONS ON YOU

Summary: You shall not hack or in any way jeopardize the App. You should not use the App for any forward lending purposes or to grant loans to any third parties. You should not use the App/Services for any illegal purposes. These are explicitly barred.

 

• No scaling or jeopardizing our platform: You agree to not interfere with or use non-public areas of our App and our technical delivery system. You will not introduce any trojans, viruses, any other malicious software, any bots or scrape our App for any user information. Additionally, you will not probe, scan, or test the vulnerability of any system, security or authentication measures implemented by us. If you tamper or attempt to tamper with our technical design and architecture, we may terminate your INDBIN Fintech Account. We may further report such actions to the appropriate law enforcement authorities and initiate legal actions.
• No commercial usage: You shall use the Services only for your lawful and personal use. You will not use our Services for any purposes not permitted under applicable law and these Terms.
• No illegal usage: You shall not use the App or the Services for committing fraud, embezzlement, money laundering or for any other unlawful and/or illegal purposes. Further, although we may, from time to time, monitor or review any facilities, if established or otherwise offered on the App for discussions, chats, postings, transmissions, bulletin boards, and the like on the App, you are prohibited from posting or transmitting any unlawful, threatening, libellous, defamatory, obscene, scandalous, inflammatory, pornographic, profane material or any material that could constitute or encourage conduct that would be considered a criminal offence, give rise to civil liability, or otherwise violate any law. We are under no obligation to do so and assume no responsibility or liability arising from the content of any Summary: You shall not hack or in any way jeopardize the App.
  You should not use the App for any forward lending purposes or to grant loans to any third parties. You should not use the App/Services for any illegal purposes. These are explicitly barred. Such locations nor for any error, defamation, libel, slander, omission, falsehood, obscenity, pornography, profanity, danger, or inaccuracy contained in any information contained within such locations on the App. We will fully cooperate with any law enforcement authorities or court order requesting or directing us to disclose the identity of anyone posting any such information or materials
• Maintenance of bank accounts:You shall not do any action that may jeopardize the INDBIN Fintech Account or in any way frustrate the repayment of the loan amounts as may be disbursed to you.

4. INTELLECTUAL PROPERTY

Summary: We own the content on the App. You cannot duplicate or commercially exploit the App or its content.

 

• All of the content on the App, including, all images, illustrations, graphics, video clips, text, reports generated, trademarks, as well as the underlying code of the App (“App Content”), constitutes our intellectual property.
• We give you a limited, non-transferable, non-sublicensable and revocable license to access the App, avail of the features of the App for your personal, lawful requirements only. You are not entitled to duplicate, distribute, create derivative works of, display, or commercially exploit the App Content, features or facilities, directly or indirectly, without our prior written permission.

5. REGULATORY CHANGES

Summary: Financial technology is an evolving sector. This may lead to changes in law and regulations which may lead us to modify the App or shut it down.

Regulation around technology companies such as ours is ever-changing. You understand that the Company may have to modify the Services as well as the App on account of the regulatory landscape we are subject to. In such case, if you become incapable of using all or any part of the App or the Services, the same shall not be our fault.

Regulation around technology companies such as ours is ever-changing. You understand that the Company may have to modify the Services as well as the App on account of the regulatory landscape we are subject to. In such case, if you become incapable of using all or any part of the App or the Services, the same shall not be our fault.

6. THIRD-PARTY LIABILITY

Summary: To provide you with a working ecosystem, we collaborate with various third parties. These third parties have their own protocols, terms of use and privacy practices. We cannot be responsible for their activities.

In providing the Services to you, we will need to use third-party services. This is done to facilitate checking your credit score, facilitating payment to and from you and other practical and functional purposes to enhance the Services we provide to you. While we have appropriate agreements in place with these third parties, we do not accept any liabilities that may arise from our use of or reliance on such third-party services. Further, it may so happen that you are unable to link your bank account with the App – whether to credit or debit the loan amounts - in which case, we will not be liable for any damages or losses suffered by you.

7. THIRD-PARTY CONTENT AND ADVERTISEMENTS

Summary: Ads/third party services displayed on the App are not endorsed. Please use them at your own risk. Please read the terms of use of such third parties before using their services.

We may, from time to time, display offers and advertisements from third parties on our App for your benefit. However, this does not mean we endorse these third parties. If you accept any of the services of such third parties, such arrangement shall be solely between you and the third party, you should avail of such services only after you have read their terms of use and privacy policies.

8. TERMINATION

Summary: We may terminate your INDBIN Fintech Account by informing you by email. However, you will continue to make the payments/ premiums owed to our Affiliates as agreed under the respective documents/ policies.

If we decide to terminate your INDBIN Fintech Account for any reason, we will inform you of such a decision on the App or by email. However, this will not extinguish your obligations under the applicable documents/policies. We will not be liable for any losses or damages that you may suffer from such termination of your INDBIN Fintech Account.

9. OPT-OUT REQUEST

Summary: Email us at support@indbin.com to opt-out of receiving any updates from us.

Users who have availed of our Services may not, prior to such Services being completed/closed, either uninstall the App or deactivate their INDBIN Fintech Account. Such users may further note, that in the event you either delete the App and/or deactivate your account, at any point prior to the closure of the respective Services, such an act will not extinguish your responsibilities under the applicable documents/policies.

In case any other user (i.e., any user who either hasn’t availed any Services using INDBIN Fintech ), does not want to continue using our App and the Services and/or wants to deactivate their INDBIN Fintech Account, and/or unsubscribe from the mailing lists, they may do so by contacting us at support@INDBINFintech .com

10. FORCE MAJEURE

Summary: We cannot be held responsible for any deficiency or loss of Services owing to any reasons outside of our control.

Without limiting the foregoing, under no circumstances shall we be held liable for any damage, loss, loss of services of App, due to deficiency in the provision of the Services resulting directly or indirectly from acts of nature, forces, or causes beyond its reasonable control, including, without limitation, internet failures, computer equipment failures, telecommunication equipment failures, or any other government regulations, floods, storms, electrical failure, civil disturbances, riots etc.

11. GENERAL PROVISIONS

Summary: We cannot be held responsible for any deficiency or loss of Services owing to any reasons outside of our control.

• Notification: We shall notify you of any relevant information pertaining to your use of the Services by push notification on the App, SMS, call, WhatsApp, instant messaging services or email or through any other means that we may deem appropriate. You authorize us to reach out to you, irrespective of whether you register with the National Do Not Call registry. You may reach out to us via email at support@INDBINFintech .com
• Disputes: These Terms and any action related thereto will be governed by the laws of India. Any disputes arising out of or related to the Terms, the App, or the Services shall be subject to the jurisdiction of the courts located in Kolkata, West Bengal.
• Assignment: You shall not assign or transfer any right or obligation that you have accrued under these Terms, and any attempt made by you to assign or transfer such rights and obligations, shall be deemed null and void. We may assign or transfer any rights or obligations that get accrued in our favour, at our sole discretion, without any restriction.
• Waiver: Unless otherwise stated expressly, any delay or failure in our exercising any rights/remedies arising out of these Terms and/or other policies available on the App, shall not constitute a waiver of rights or remedies and no single/partial exercise of any rights or remedies, hereunder, shall prevent any further exercise of the rights/remedies by us.
• Survival: You acknowledge that your representations, undertakings, and warranties and the clauses relating to indemnities, limitation of liability, repayment of the loan, governing law & arbitration and these general provisions shall survive the efflux of time and the termination of these Terms.
• Severability: If any provision of these Terms is held illegal or unenforceable, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. Any such provision held invalid, illegal or unenforceable shall be substituted by a provision of similar import reflecting the original intent of the parties to the extent permissible under applicable laws.
• Amendment: We reserve the right to change, modify, add to, or remove discounts, portions of these Terms at any time, subject to the policies of the Company and applicable regulations.