USE OF THE CARD
The Card may be used to access Funds at any ATM worldwide that displays the MASTERCARD logo that accepts such Cards. To withdraw the Funds, the Cardholder will need to insert the Card into the ATM, enter the PIN, and the amount of desired Funds. The Card should be retrieved upon such usage.
The Cardholder may also use the Card to pay for charges incurred at Merchant Establishments, subject to the condition that I&M Bank and the Merchant Establishments reserve the right at any time to refuse to permit the use of the Card at the Merchant Establishment for any reason whatsoever.
The amount of each purchase made through the use of the Card or withdrawal of the Funds from the ATM will be debited immediately from the Funds of the Cardholder.
In event there are insufficient Funds to honour the requested transaction; the transaction will not be honoured and the bank reserves the right to collect any monies from the cardholder for value of any purchase or ATM transaction done by the cardholder.
The Card may, subject to any applicable fee, be used to withdraw cash from an ATM displaying the MasterCard®, Maestro® or Cirrus® Acceptance Mark and / or to pay for goods and services at Merchant Outlets, or online, who accept MasterCard® cards electronically. The Card is for electronic use only and cannot be used for Manual or Offline transactions. The Card must not be used for any unlawful activity and the cardholder should not give or share their card with another person.
If there are insufficient funds in a particular Currency Wallet to pay for a transaction, the amount of the transaction will be automatically processed using other Currencies in the order of priority as previously selected by the cardholder on the available Currency Wallets. In case the available Funds on all Currency Wallets are still insufficient to pay for a transaction, the Card will be declined and the retailer may call the cardholder to pay the transaction amount by some other means.
The cardholder commits to accept a credit refund transaction to his/her Card Account in the applicable transaction currency if they are entitled to a refund or other credit for any reason for goods or services purchased using the Card.
A transaction or payment cannot be stopped once the cardholder authorizes the use of the Card. The Bank is not responsible and does not in any way always guarantee full time acceptability of the card at the ATMs and Point of Sale terminals not owned or operated by the Bank. The cardholder must always comply with all Laws and Regulations (including any foreign exchange controls) in respect of the Card in the country of purchase and/or use. When the cardholder notices an error in the card statement, they should immediately notify the Bank and in any event within 30 business days of the transaction in question. The Bank may request the cardholder to provide additional written information concerning the error.
The Cardholder may surrender the Card at any point in time and obtain a refund of the balance of the Funds less refund fees due to the bank, by filling up the refund form, as prescribed by I&M Bank, along with copy of the Cardholder’s passport/ identity document, the Card and such other documents as required by I&M Bank. The refund shall be made in Base Currency of the card. Use of the Card at any unauthorized location or for any purpose other than as stated under these terms and conditions is strictly prohibited and may result in cancellation of the Card by I&M Bank.
I&M Bank will not be liable for any loss, direct or indirect, that may be suffered by the Cardholder as a result of declined use of card at the ATM or Merchant establishment, any unauthorized use or cancellation of the Card.
Information send over the internet may not be completely secure and the Bank does not guarantee functionality and availability of any terminals not owned and controlled by the bank nor take liability for any interruption or interception or loss of Personal Information or other data transmitted therein.