apgvbank.in Mobile Banking : Andhra Pradesh Grameena Vikas Bank

Organisation : Andhra Pradesh Grameena Vikas Bank
Facility : Mobile Banking

Details : https://www.apgvbank.in/
Website : http://www.apgvbank.in/index.php

Mobile Banking :

Definitions :
The following words and expressions shall have the corresponding meanings wherever appropriate.
Customer: the holder of a Bank account in Andhra Pradesh Grameena Vikas Bank

Related : APGV Bank Palamitra Dairy Vikas Scheme : www.statusin.in/21614.html

MPIN: shall mean the Personal Identification Number (password) for the Mobile Banking Services.
MBS: shall mean Mobile Banking Services for the sake of brevity
Bank: shall mean Andhra Pradesh Grameena Vikas Bank
Facility: shall mean Mobile Banking facility provided to the customers
Mobile Phone Number: shall mean the Mobile number that has been used by the customer to register for the Facility.
Application: shall mean the Bank’s Mobile Banking application which will be downloaded onto the mobile phone of the Customer.
OTP: One Time Password is an SMS sent to the customer’s registered mobile on initiation of a transaction using MBS.

General Business Rules Governing Mobile Banking Services:
The following Business rules will apply on MBS being offered by the Bank :
** The facility will be available to customers having a satisfactory running Savings / Current / Overdraft account with the Bank.
** The daily upper ceiling per customer shall be. 25,000/- for fund transfer
** Any change in the business rules of any of the processes will be notified on Bank’s website apgvbank.in which will be construed as sufficient notice to the customer.
** Joint Account holders are strictly not eligible to use the Facility. If a customer is already registered to the Facility, subsequently opens a joint account with his customer ID at a later point of time, then such customers are also not eligible to use the facility. The Bank reserve the right to withdraw the Facility of such customers without any prior notice. The customer is liable/responsible for the disputes/legal issues that may arise at a later date.
** The Bank reserves the right to reject a Customer’s application for MBS without assigning any reasons.
** The Bank shall suspend the registration of any Customer if the Facility has not been accessed by the Customer for three months or more. If the facility has not been accessed for six months or more, the registration of the Customer will be cancelled.
** The Customer can request for termination of the Facility by visiting the branch and giving a written request. The Customer shall remain accountable for all the transactions on the designated account made request prior to confirmation of any such cancellation request.

Usage of Facility:

By accepting the terms and conditions on the mobile phone while registering for the facility,
the customer:
** agrees to use the MBS for financial and non-financial transactions offered by the Bank from time to time.
** also irrevocably authorizes the Bank to debit the Bank Account which have been enabled for MBS for all transactions/services undertaken using MPIN.
** authorises the Bank to map the customer number, User ID and mobile phone number for the smooth operation of MBS offered by Bank and to preserve the mapping record in its own server or server of any other third party and to use such data at its discretion for providing/enhancing further banking/ technology products that it may offer.
** agrees that he/ she is aware and accepts that MBS offered by the Bank will enable him/her to transact using MPIN within the limit prescribed by the Bank and will be deemed as bonafide transaction.
** agrees that the transactions originated using the mobile phones are non retractable as these are instantaneous/real time.
** understands and explicitly agrees that Bank has the absolute and unfettered right to revise the prescribed ceilings from time to time which will be binding upon him/her.
** agrees to use the facility on a mobile phone properly and validly registered in his/her name only with the Mobile Service Provider and undertakes to use the Facility only through mobile number which has been used to register for the Facility.
** agrees that while the Information Technology Act , 2000 prescribes that a subscriber may authenticate an electronic record by affixing his digital signature which has been given legal recognition under the Act, the Bank is authenticating the customer by using Mobile Number, MPIN or any other method decided at the discretion of the Bank which may not be recognized under the IT Act, 2000 for authentication of electronic records and this is acceptable and binding to the customer and hence the customer is solely responsible for maintenance of the secrecy and confidentiality of the MPIN without any liability to the Bank.