APR means Annual Percentage Rate.

ATM means an automated teller machine or any card-operated machine or device whether belonging to the Bank or other participating banks or financial institutions or to the VISA/MasterCard global ATM network, or the affiliated networks which accepts the Card.

Bank means Bank Alfalah Limited and only refers to the branches of Bank Alfalah Limited carrying on business in Pakistan.

Card means the applicable Bank Alfalah VISA card issued by the Bank to the Cardmember and includes Supplementary/Virtual and subsequently issued renewal or replacement Cards, if any, unless the context otherwise requires.

Cardmember means the original person excluding any Supplementary/Virtual Cardmember who is issued a Card and for whom the Card Account is first opened by the Bank.

Card Account means the Bank Alfalah VISA card account, as the case may be, opened by the Bank for the purpose of entering debits incurred by or for the account of, and credits received by or for the Cardmember and Supplementary/Virtual Cardmembers, if any, under these Terms and Conditions and includes, without limitation, all debits incurred resulting from any Cash Advances and/or Charges and/or Liabilities arising out of or in connection with any Card Transaction or otherwise.

Cash Advance means any amount in any currency provided to the Cardmember and/or Supplementary Cardmember by the Bank or participating bank or ATM displaying the scheme logo and whether in cash or other form of payment.

Card Transaction means any Cash Advance or the amount charged by the Bank or any Merchant for any goods, services, benefits, or reservation obtained by the use of the Card or the Card numbers or the PIN or in any other manner by the Cardmember and/or Supplementary/Virtual Cardmember, including without limitation, mail, facsimile orders or reservation authorized or purported to have been authorized or made by the Cardmember and/or Supplementary/ Virtual Cardmember, regardless of whether a sales or Cash Advance or other voucher or form is signed by the Card-member.

Charges means the amount of all and any purchases charged and all amounts payable by the Cardmember and as applicable, Supplementary/Virtual Cardmember, arising from the issue or use of the Card and includes, but is not limited to, all Card Transactions, costs, disbursements, fees imposed by the Bank and all loss and damage incurred or suffered or sustained by the Bank arising from or relating to the issue or use of the Card or breach of these Terms and Conditions by the Cardmember and/or the Supplementary/Virtual cardmember, or the Bank’s enforcement or attempted enforcement of its rights under these Terms and Conditions in connection therewith.

Credit Limit means the maximum outstanding balance permitted by the Bank in the Card Account and, notified to the Cardmember from time to time.

Current Balance means the total balance outstanding on the Card Account and payable to the Bank by the Cardmember, or the total outstanding balance stated in the Card Account, as the case may be, according to the Bank’s records on the date the Statement of Account is issued including all charges and liabilities.

Liabilities means any or all amounts payable whatsoever by the Cardmember to the Bank pursuant hereto (other than ‘Charges’) including every type of exchange or other premium, fees, imposts, duties and levies of whatsoever kind and/or amounts such as minimum payment fees, delayed payment fees, cash advance fees, stamp duties, excise or other taxes on provision of advances or credit or finance or otherwise and losses incurred or sustained by the Bank, if any, arising or resulting from any governmental actions or policies which effectively prevent repayment of foreign currency Charges of the Cardmember and/or Supplementary/Virtual Cardmember and further including, without limitation, fines, costs, expenses, damages (liquidated or otherwise) and legal costs and disbursements charged or incurred in connection with application and/or enforcement hereof.

Merchant means any retail and service outlets that has entered into a written agreement to accept credit cards in the payment or reservation of goods and services. Minimum Payment Amount means either 5% of the Current Balance or a minimum payment amount that the Bank may specify in the applicable Statement of Account, whichever the Bank desires, plus if the Bank so computes, the Minimum Payment Amount of any previous Statement of Account unpaid by the Cardmember and the excess outstanding balance over the Credit Limit in the Card Account and SBS installment, if any.

Month means calendar month.

Payment Due Date means the date specified in the Statement of Account by which date payment of the Current Balance or at least the Minimum Payment Amount is to be made to the Bank.

PIN means the Personal Identification Number issued/generated by the Cardmember or a Supplementary/Virtual Cardmember (if applicable) to enable Card use at an ATM and/or other authorized terminals, displaying the scheme logo for a Cash Advance. Rupee means Pakistani Rupee for the purpose of these Terms and Conditions.

Statement of Account means the Bank’s monthly or other periodic statement of account sent to the Cardmember showing particulars of the Current Balance and Minimum Payment Amount incurred by and/ or for the account of the Cardmember and any Supplementary/Virtual Cardmember and payable to the Bank on Payment Due Date.

Supplementary Card means the supplementary Bank Alfalah VISA card issued by the Bank to the supplementary cardmember, at the request of the Cardmember, and includes subsequently issued renewal or replacement supplementary cards, if any.

Supplementary/Virtual Cardmember means the person to whom the Supplementary/Virtual Card has been issued by the Bank.

Virtual Card* means a supplementary card that allows existing credit card holders to easily and safely make transactions online. Please review the website intended for card use before entering card details as Virtual Card should not be used on internet sites where physical card verification is required at the time of delivery/check-in. You can call our 24 hours number 111-225-786 to activate your physical card for a limited time of your choice for such transactions. Bank Alfalah does not undertake any liability for any unauthorized transactions on any card activated for internet usage. Customer will be liable in case of dispute/compromise of information and any loss/damages which arise in this regard.In these Terms and Conditions, unless the context otherwise requires:

I. Words with only singular number shall include the plural number and vice versa.

II. Any reference to a Cardmember includes where the context permits any or all heirs, executors, administrators and successors-in-interest.

III. The headings to the clauses shall not be taken into consideration in the interpretation or construction of these Terms and Conditions.

2.1) The Card may be collected by the Cardmember or couriered to the Cardmember at the discretion of the Bank (pursuant to such conditions as are or may be specified by the Bank). In the event of the card being sent by courier, the same shall be at the sole risk of the Cardmember. All renewed and replaced Cards thereafter will be sent by courier to the Cardmember’s last known billing address, at the sole risk of the Cardmember. 2.2) The Card must be signed by the Cardmember and/or Supplementary Cardmember(s) whose name appears on the face of the card, immediately on receipt thereof in the space provided for signature at the back of the Card. The retention and/or use of the Card shall be deemed to be the confirmation of these Terms and Conditions by the cardmember and/or the Supplementary/Virtual cardmember, as the case may be. 2.3) In order to activate use of the Card, the Bank may in its sole discretion require the Cardmember and/or Supplementary/Virtual Cardmember, upon receiving the Card, to communicate agreement to activation thereof in the manner as the Bank may desire. 2.4) If the Card is not signed by the Cardmember and/or the Supplementary Cardmember in accordance with clause 2.2 herein and the Card is lost or stolen then the Cardmember shall be liable and responsible to reimburse the Bank for any card transaction which might take place on the Card.

3.1) The Card is not transferable and no person other than the Cardmember or the Supplementary Cardmember whose name appears on the card is permitted (and the Cardmember and the Supplementary/Virtual cardmember will not permit any other person) to use the Card for Charges and/or Card Transactions or for identification or for any other purpose. The Cardmember and the Supplementary/Virtual Cardmember will not use the Card before or after the Validity or Expiry Dates as embossed on the card. 3.2) The Cardmember shall be bound by these Terms and conditions and shall be exclusively liable for all Charges and Liabilities (including the charges and liabilities of Supplementary/Virtual Cardmembers) and any other costs and expenses and it is agreed that the Card may only be used by the Cardmember or the Supplementary/Virtual Cardmember:

for Card Transaction authorized by the Bank to obtain the facilities benefits and services made available by the Bank or any Merchant from time to time and within the Credit Limit permitted by the Bank unless the Bank’s prior approval is obtained If, at any time the Cardmember and/or the Supplementary/Virtual Cardmember cause(s) the Credit Limit to be exceeded then without prejudice to the Bank’s rights and remedies, the Cardmember shall be liable to make immediate payment of the excess over Credit Limit. Customer will not be liable in case of dispute/compromise of information or any loss/damages which arise in this regard. 3.3) Not withstanding that the Cardmember’s Credit Limit has not been exhausted, the Bank in its absolute discretion shall have the right, any time and without notice and without giving any reason and without liability to the Cardmember, the Supplementary/Virtual Cardmember or any other party, to withdraw or restrict the Cardmember’s or Supplementary/ Virtual Cardmember’s right to use the Card or to refuse to authorize any Card Transaction, or increase or decrease the Credit Limit, or modify or terminate any of the facilities made available to the Cardmember or the Supplementary/Virtual Cardmembers. Such action may be taken by the Bank in respect of a specific or all Cardmembers or the Supplementary/ Virtual Cardmembers at the Bank’s own discretion and may be taken notwithstanding that they may not be in default of these Terms and Conditions. 3.4) The Cardmember and Supplementary/Virtual Cardmember shall respectively notify the Bank of any change or imminent change in any particulars stated in the Card application form or other information provided to the Bank (including any name change) and respectively agree to provide any other information or particulars if requested by the Bank. In case of the occurrence or proposed occurrence of any of the following events (whichever is earlier), the cardmember shall immediately notify the Bank of such occurrence:

A. His/her intention to reside outside Pakistan

B. Any change in the Cardmember’s particulars or other information including the Cardmember’s residential or office address or in his employment or his/her position with his/her employer, as the case may be.

3.5) A. Neither the cardmember nor the Supplementary/Virtual cardmember shall use the Card for any purpose or transaction prohibited by law which shall include without limitation gambling and the Bank in its sole discretion may decline such transactions which shall without limitation include transactions carried out through the Internet or any other way. If in defiance of this clause the Cardmember gives/uses his Card number on the Internet then the cardmember shall reimburse the bank for full amount of any loss, damage or expense incurred by the bank. B. In the event that the Cardmember or a Supplementary/Virtual cardmember uses the card for any purpose or transaction prohibited by law as indicated in clause 3.5 A. above, then the Cardmember or the Supplementary/Virtual Cardmember, as the case may be, who used the card for any purpose or transaction prohibited by law shall be fully responsible/liable under the law for using the Card for such purpose or transaction. The Bank shall have no liability/responsibility of whatsoever nature and howsoever arising on account of the card being used for a purpose/transaction prohibited by law. In the event that the bank shall incur any loss, damage or expense as a result of such usage, then the Cardmember and/or the Supplementary/Virtual Cardmember shall immediately reimburse the bank for the full amount of the aforesaid loss, damage or expense.

3.6) The Card shall at all times be and remain the property of the Bank. The Cardmember and the Supplementary/Virtual Cardmember(s) agree to be bound by the Terms and conditions governing the use of the card and any variations or amendments thereto which the Bank may make from time to time at its discretion.

4.1) The Bank shall debit to the Card Account all Charges and Liabilities and any other costs or expenses incurred or payable by the cardmember under these terms and conditions and the Cardmember shall be liable to pay to the Bank all such amounts regardless of whether a sales voucher, a Cash Advance voucher or any other voucher in respect of any Card transaction is signed by the Cardmember or the Supplementary/ Virtual Cardmember. The bank shall also debit all charges, liabilities, losses or damages incurred or sustained by the Bank arising from or relating to the issue or use of the Card (or any indemnity herein or otherwise given) or a breach of these Terms and Conditions by the Cardmember and/or Supplementary/Virtual Cardmember.

4.2) The Bank shall convert the amount of all non-US Dollar Charges (excluding any Rupee Charges) incurred or arising out of Card Transactions to US Dollars at the rate of exchange applied by the Bank for such purpose in accordance with the applicable rules or business practice of the Bank on the date the Card Account is debited with that Card Transaction or liability or such other date the Bank may deem fit in its absolute discretion and debit the Card Account with such converted amounts. The Cardmember and Supplementary/Virtual Cardmember waive any and all rights to dispute or question any rate of exchange so applied by the Bank.

4.3) The Bank shall convert the amount of all original and/or converted US Dollar Charges (i.e. non-US Dollar charges converted into US Dollar Charges under clause 4.2) arising out of or relating to Card Transactions and Charges of the Cardmember and Supplementary/Virtual Cardmember into Pakistani Rupees at the rate of exchange specified for such purpose in accordance with the applicable rules of the Bank or, in the absence thereof, in accordance with the usual business practice of the Bank.

4.4) The Cardmember shall be exclusively and fully liable to pay all amounts debited to the Card Account by the Bank (as more particularly specified in Clause 8).

4.5) The Cardmember hereby irrevocably authorizes and empowers the Bank to open such Rupee and foreign currency account(s) as the Bank may deem appropriate and the Cardmember agrees, with respect to any Rupee and/or foreign currency account opened by the bank on his or her behalf, that:

4.5.1) The Cardmember will, upon receipt of the first Statement of Account, deposit such initial account opening foreign currency balance as may be prescribed by the Bank from time to time.

4.5.2) No Cheque books will be issued in respect thereof and the Cardmember will not be entitled to withdrawals of any credit balance therein but any such credit balance (except to the extent of the initial account opening deposit referred to in clause 4.5.1) will be applied to offset Cardmember’s outstanding during subsequent billing periods.

4.5.3) No profit or return of any type will be paid, or accrued, upon any credit balances maintained in the Rupee and foreign currency account at anytime.

4.5.4) The Bank may at any time in its discretion discharge its entire liability with respect to any such account by mailing to the Cardmember at the address on file, its draft in the currency of the account(s) without recourse to the Bank as drawer and payable to the order of the Cardmember in the amount of the existing credit balance in the account(s) deducting there from the amounts of any claims that the Bank may have on such funds.

4.5.5) All amounts standing to the credit of the foreign currency account (less any sums owing to the Bank) are payable solely at the Bank in Pakistan, and shall be governed by and subject to laws in effect from time to time in Pakistan. As used herein “laws” include circulars, notifications, regulations and orders of the State Bank of Pakistan. Any credit balances in the Accounts are not insured by the Deposit Protection Scheme (DPS) of UK nor by Federal Deposit Insurance Corporation (FDIC) of the USA nor by any other or company outside Pakistan.

4.5.6) All the account(s) opened by the Cardmember shall be governed by the terms hereof.

4.6) The Cardmember hereby irrevocably authorizes the Bank to effect debit to the Pak Rupee Credit Card Account of the Cardmember maintained with the Bank in order to purchase foreign currency notes or other allowed instruments on behalf of the Cardmember to effect remittance, or to instruct money exchanger and/or any other corporation or body authorized under the law to deal in foreign exchange transactions to effect such remittances on behalf of the Cardmember against payment of equivalent Pak Rupee debited from Cardmember’s account together with all applicable costs, as allowed by State Bank of Pakistan, for settlement of the foreign currency dues/outstanding balance of the Cardmember. In this regard the Cardmember irrevocably authorizes the Bank to purchase or instruct to purchase foreign currency (instruments/cash) from the authorized money changers or equivalent currency exchange instruments as allowed by law and accordingly debit the relevant local currency account of the Cardmember (at the sole risk, cost and expense of the Cardmember) in order to recover all outstanding Rupee and Non-Rupee charges and liabilities and all costs and expenses incurred as per these terms and conditions. The Cardmember also irrevocably authorizes the Bank to debit his Pak Rupee account for a handling fees which the bank deems appropriate and may impose from time to time for such foreign currency handling.

5.1) The Bank shall every month send a Statement of Account to the Cardmember at the cardmember’s last known billing address and the Cardmember shall pay at least the Minimum Payment Amount stated therein by the Payment Due Date. In the event that the Bank is unable to send a Statement of Account for any reason whatsoever, the Bank shall not be liable to the Cardmember and the obligations of the Cardmember under these Terms and Conditions to the Bank shall not cease and all applicable Charges and Liabilities and other costs and expenses payable under these Terms and Conditions shall continue to accrue and for the purpose of calculation and establishment of the date on which the payment is due, the Bank may select a date each month as the Payment Due Date.

5.1.1) If the Cardmember effects full payment of the Current Balance outstanding in the Card Account on or before the Payment Due Date subject to the collection of the required service fees and other fees for Cash Advances payable under Clause 6.2 for the period covered by the relevant Statement of Account, the Bank will not charge any service fees.

5.1.2) If the cardmember effects payment of any amount less than the current balance then outstanding on or before the applicable payment due date, the cardmember agrees to pay a service fee as per Schedule of Charges (or such other percentage as the bank may specify from time to time) from the transaction date of the current balance then outstanding in the card account until the amount paid in full, as detailed in the statement of account to which such payment relates. Also all transactions being made in the meanwhile, till the full outstanding amount is paid, would be subject to the service fee at the same rate.

5.1.3) If the Cardmember fails to effect payment of at least the Minimum Payment Amount on or before the applicable Payment Due Date, in addition to outstanding amounts then due and payable, the Cardmember agrees to make payment of a delayed payment fee of 10 % (or such percentage as the Bank may specify from time to time) of the Minimum Payment Amount then outstanding as detailed in the Statement of Account for the applicable period or Rs. 600/- (or such other amount prescribed from time to time by the Bank), whichever is greater. This will be in addition to all other charges applicable.

5.2) If the Cardmember fails to pay the Minimum Payment Amount in any previous Statement of Account by the Payment Due Date stated therein, then and without prejudice to the Bank’s rights and remedies, the Cardmember shall pay to the Bank, in addition to paying the applicable Minimum Payment Amount for the Current Statement of Account, all arrears in the Minimum Payment Amount payable for earlier periods, and any and all delayed payments, Cash Advance or other fees relating thereto and all other applicable costs and expenses by the Payment Due Date specified in the Current Statement of Account. In the event the Cardmember exceeds the Credit Limit without the Bank’s prior written approval, the Cardmember will pay, on demand or within the period as specified by the bank, such unauthorized excess over the Credit Limit together with any costs and expenses in relation thereto.

5.3) All payments to be made by the Cardmember shall be in rupees. Accordingly for non Rupee Charges payable by the Cardmember the Cardmember hereby irrevocably authorizes the Bank to effect debit to the Foreign Currency Account of the Cardmember maintained for this purpose with the Bank and to appropriate the proceeds therein and/or to take such further action whatsoever as the Bank deem appropriate or necessary to fund such account for and on behalf of the Cardmember by way of purchase of foreign currency from authorized money changers and/or Foreign Exchange Bearer Certificates and/or equivalent currency exchange instruments as allowed by law and accordingly debit the relevant local currency account of the Cardmember opened pursuant to Clause 4.5 or otherwise (at the sole risk cost and expense of the Cardmember) in order to recover all outstanding non-Rupee Charges and Liabilities and all costs and expenses incurred in connection therewith. In the event the Government of Pakistan declines to permit continued convertibility of Rupee currency through the services of authorized money changers by way of Foreign Exchange Bearer Certificates at any time, the Cardmember agrees to make payment to the Bank in Rupees of all non-Rupee Charges converted at such rate of exchanges as the Bank shall specify for this purpose.

5.4) The Bank shall charge the Cardmember and debit to the Card Account a Handling fee of Rs. 800/- or such other sum as the Bank may impose from time to time, if any cheque or other payment order issued by the Cardmember or Supplementary/Virtual Cardmember or any other party to the Bank in order to make payments for current or other Statement of Account is not honoured for payment for any reason whatsoever. However, payment of handling fee by the Cardmember will not discharge him/her from the liability under the law for dishonour of the cheque issued by him/her.

5.5) All payments received by the Bank from the Cardmember may be applied in and towards payments of unpaid fees, Cash Advances, Charges, Liabilities and other costs and expenses in previous or current Statement of Account in such order of priority as the Bank may deem fit, and all payments and credits shall, unless otherwise decided by the Bank, be applied by the Bank first to the outstanding amount that has been billed to the Card Account for the longest period of time.

5.6) The Bank’s right against the Cardmember and/or the Supplementary/ Virtual Cardmember shall not be determined, affected or prejudiced by, and all amounts payable to the Bank, actual or contingent, shall immediately become due or payable upon the death, insolvency or insanity of the Cardmember and/or Supplementary/Virtual Cardmember, shall immediately cease to be valid, and their heirs, executors, receivers, etc., shall return to the Bank all Cards cut into two vertical halves and make full payment as required to the Bank.

5.7) The Bank shall be entitled at its absolute discretion, to demand return of the Card and/or immediate payment of all amounts outstanding under the Card Account at any time without giving any reason or notice and without any liability to the Cardmember, and notwithstanding that the Cardmember may not be in default of these Terms and Conditions.

5.8) The Bank shall only credit the Card Account with a refund in respect of a Card Transaction in accordance with its usual practice if and when the Bank receives such refund in Pakistan. Any refund, payment or credit to the Card Account shall not be remitted to the Cardmember but shall be applied towards the reduction of the Cardmember’s Charges or other Liabilities incurred or debited to the Card Account.

5.9) In the event of an attachment order over the Cardmember’s assets being issued, the insolvency or death, or upon demand by the Bank for any reason whatsoever, or in the case of breach of these conditions, the Cardmember shall settle his/her debit balances immediately. This commitment shall bind heirs and successors without any objection or challenge.

5.10) In the event payment for purchase of an airline ticket is made through card the amount billed by the airline is treated as a foreign currency transaction. The transaction amount, billed by the airline in foreign currency, will be subject to all applicable rules and procedures of Bank Alfalah Limited for conversion of foreign currency into rupees, based on the exchange rate being used by Bank Alfalah Limited at the time of the conversion.

6.1) If the Bank so approves, the Cardmember may use the Card to obtain Cash Advance up to the maximum cash advance limit decided by the Bank, from time to time, at participating bank counters or ATMs. 6.2) The Bank shall charge financial charges on each Cash Advance from the date of each Cash Advance until the date of full payment as per schedule of charges or such other rate as the Bank may determine from time to time. in addition, the Cardmember shall also be liable to pay a Cash Advance fee as per schedule of charges (or amount advised by the Bank from time to time) obtained from the Bank or other participating banks or financial institutions or ATMs which accept the card.

7.1) The Cardmember hereby hypothecates to the Bank as continuing security for any and all Charges and Liabilities and other amounts outstanding and payable by the Cardmember and/or the Supplementary/Virtual Cardmember to the Bank here under, all present and future household goods owned by the Cardmember including without limitation, all consumer durables and household furniture and fittings of every type and description, household and office appliances. Equipment such as Air conditioner. TV, VCR, Refrigerator, Computers, Cars, Vehicles, Cash, Shares and other valuables etc. (hypothecated property) and the Cardmember further agrees that the Bank or any representative or agent thereof has the right without further notice to enter the premises of the Cardmember, in the event of non-payment by the Cardmember of any and all Charges and/or Liabilities and/or amounts payable to the Bank pursuant to these Terms and Conditions, and repossess the hypothecated property and, without any further notice to the Cardmember, to effect sale of the same by private agreement or public auction, for such amount or amounts and at such price or prices as the Bank, in its sole discretion, shall deem satisfactory. The Cardmember agrees to pay to the Bank all the cost and expenses incurred in connection with the enforcement of hypothecation and shall be liable to the Bank for the balance if the proceeds of Sale will be deficient to satisfy the entire dues of the Bank. The Cardmember hereby indemnifies the Bank from any and all losses, claims and damages arising out of or in connection with any Bank repossession and/or sale of the hypothecated property. 7.2) The Cardmember assumes full responsibility and liability as principal debtor for payment of all amounts due and payable to the Bank in relation to the Supplementary Card(s) including every and all types of Charges and Liabilities and all other costs and expenses payable to the Bank arising out of the use of Supplementary Card(s).

8.1) The Bank may issue a Supplementary/Virtual Card to a person nominated by the Cardmember and approved by the Bank. All Supplementary cards including renewal and replacement cards will be sent as per Clause 2.1 to the Cardmember’s last known billing address at the sole risk of the Cardmember. The Credit Limit assigned to the Cardmember is inclusive of the Credit Limit of the Supplementary/Virtual Cardmember and the Cardmember and the Supplementary/Virtual Cardmember shall not permit the total of the Charges incurred under or through their respective cards to exceed the said Credit Limit. 8.2) The undertakings, Liabilities and obligations of the Cardmember to the Bank and the Bank’s rights herein shall not be affected in any way by any dispute or counter claim or right of set off which the Cardmember and the Supplementary/Virtual Cardmember may have against each other. As provided in clause 7.2, the Cardmember shall be independently liable to pay the Bank for all charges and Liabilities arising out of the use of the Supplementary/Virtual card (notwithstanding any legal disability or incapacity of the Supplementary/Virtual Cardmember). The Cardmember hereby agrees to indemnifies the Bank against any losses, damages, liabilities, costs and expenses whether legal or otherwise, incurred or suffered by the Bank by reason of any disability or incapacity of the Supplementary/Virtual Cardmember and/or breach of these Terms and Conditions by the Supplementary/Virtual Cardmember. 8.3) Any payment made by the Cardmember to the Bank shall be allocated towards reduction of the debit balance in the Card Account in accordance with clause 5.5 but the Cardmember shall continue to remain liable for any outstanding post-payment debit balance, if any, in the Card Account.

9.1) The Bank may issue a PIN to the Cardmember and/or Supplementary/Virtual Cardmember for use at any bank counter or ATM which will accept the Card. The Cardmember agrees that:

the PIN may be sent by post to the Cardmember and/or Supplementary/ Virtual Cardmember at his/her risk; or the Cardmember may use Bank Alfalah’s Interactive Voice Response (IVR) service by calling 111-225-111 to get ATM PIN; the Cardmember and/or Supplementary/Virtual Cardmember shall not disclose the PIN to any person and shall take every reasonable precaution to prevent disclosure of the PIN to any person; and subject to Clause 10.2 the Cardmember shall be fully liable to the Bank for all Card Transactions made with the PIN whether with or without the knowledge of the Cardmember and/or the Supplementary/Virtual Cardmember.

10.1) If the Card is lost or stolen or the PIN is disclosed to any third party, the Cardmember and/or Supplementary/Virtual Cardmember whose card has been lost/stolen or PIN is disclosed shall immediately notify the said loss, theft or disclosure with all material particulars including Card numbers and/or PIN to the Bank. Within three days of such notification to the Bank, he/she shall send to the Bank a written confirmation of the loss theft or disclosure together with such particulars thereof, including copy of relevant police report, as may be required by the Bank. 10.2) The Cardmember agrees that the Bank has the right to recover all authorized charges and/or Cash Advances provided, however, that the Cardmember is not liable for any unauthorized Card Transaction made subsequent to reporting of such loss, theft or disclosure of PIN if there is due notification by the Cardmember or the Supplementary/Virtual Cardmember of such loss, theft or disclosure to the Bank as specified herein above on the condition that such loss, theft or disclosure is not due to the negligence or default of the Cardmember and/or the Supplementary/Virtual Cardmember and the terms of Clauses 10.1 and 10.3 have been satisfied by the Cardmember. 10.3) Any lost or stolen Card subsequently recovered by the Cardmember and/or the Supplementary/Virtual cardmember shall immediately be returned to the Bank without further use. The Cardmember/ Supplementary/Virtual Cardmember shall not use the PIN after reporting any third party disclosure thereof to the Bank. 10.4) The Bank may in its absolute discretion, (i) decline to issue a replacement Card for any lost or stolen Card or (ii) issue a replacement card for any lost or stolen Card or a new PIN on these Terms and Conditions or (iii) issue a replacement card for any lost or stolen card on additional/new Terms and Conditions as the Bank may deem fit.

11.1) The Cardmember may at any time, inform the Bank of his/her intention to close the Card Account and to terminate the use of all Cards by giving prior notice in writing and returning all Cards cut into two vertical halves to the Bank. The Card Account shall be closed only after the receipt by the Bank of all Cards cut into two vertical halves and after full payment to the Bank of all Charges and Liabilities and all costs and expenses in relation to the Card Account. 11.2) The Cardmember and/or the Supplementary Cardmember may at any time terminate the use of any Supplementary Card by giving notice in writing and returning the relevant Supplementary Card cut into two vertical halves to the Bank. In such event, the Cardmember shall continue to remain liable to the Bank for all Charges and Liabilities and all other costs and expenses in relation thereto in accordance with these Terms and Conditions, including Charges and Liabilities incurred by the Cardmember and other Supplementary Cardmember (if any) after the Bank’s receipt of the cut Supplementary Card. 11.3) All Cards issued to or collected by the Cardmember or any Supplementary Cardmember shall remain the property of the Bank at all times. The Bank may at any time, recall and cancel all or any Card(s) without assigning any reason, with or without giving any prior notice to the Cardmember or Supplementary Cardmember. The Cardmember and the Supplementary Cardmember shall immediately after such recall and cancellation, return such Card(s) cut into two vertical halves to the Bank and make full payment of all Charges and Liabilities and all other costs and expenses in relation thereto. 11.4) If the use of all or any Card(s) is terminated under Clause 11.1 or Clause 11.2, all Charges and Liabilities of the Cardmember whether actual or contingent shall become immediately due and payable to the Bank.The Cardmember shall be fully liable to the Bank for all Charges and Liabilities until the Bank’s receipt of all Cards cut into two vertical halves and full payment from the Cardmember for all outstanding Charges and Liabilities and other costs and expenses in connection therewith. The Bank shall not be liable to refund the annual membership fees or any other fees or any part thereof to the Cardmember in the event of the termination of use of the Card(s) and the relevant Card Account(s).

12.1) The Bank is not liable for any loss or damage howsoever incurred or suffered or sustained by the Cardmember or Supplementary/Virtual Cardmember by reason of the Bank or a Merchant or any ATM or other party refusing to allow a Card Transaction or accept the Card or the Card numbers or the PIN or to extend or provide Cash Advance up to the Credit Limit or at all.

12.2) The Bank is not liable in any way for the quality, quantity, sufficiency, acceptability of goods and/or services reserved or purchased by the use of the Card or Card numbers or for any surcharge (additional amount) charged by the merchant or for any breach or non-performance of any Card Transaction by a Merchant. In the event of any dispute between the Cardmember and the Bank or any Merchant or any other person, the Cardmember’s liability to the Bank shall not in any way be affected or reduced or suspended by such dispute or any counter claim or right of set-off which the Cardmember may have against such Merchant or other person.

12.3) The Bank is not liable in any way to the Cardmember or Supplementary/ Virtual Cardmember for any loss or damage of whatever nature due to or arising from any disruption or failure or defect in any ATM or other machine or communication system or facilities or data processing system or transmission link or due to or from any industrial or other dispute or any other thing or cause within or beyond the control of the Bank.

12.4) The Cardmember and the Supplementary/Virtual Cardmember hereby confirm that the Charges and Card Transactions executed and paid pursuant to these Terms and Conditions are and will continue to be in accordance with all applicable laws, regulations, rules, circulars, and directives as may be amended from time to time governing the use of credit cards for the time being in force in Pakistan and further hereby indemnify the Bank from any fines, losses, and/or damages incurred or suffered by the Bank in the event of contravention of such laws, regulations, rules, circulars and/or directives by the Cardmember and/or Supplementary/Virtual Cardmember at any time.

13.1) The Bank may from time to time and at any time change any of these Terms and Conditions including, without limitation the terms of payment, percentage rates, charges and fees, and shall accordingly notify the Cardmember by inclusion in the Statement of Account or otherwise. Such changes shall be effective from any date specified by the Bank for such modification or, if contained in the Statement of Account, from the date of the Statement of Account. 13.2) Retention by the Cardmember of the Card after the Cardmember’s receipt of any changes in these Terms and Conditions pursuant to Clause 13.1 shall constitute notice of the Cardmember’s acceptance of such amended Terms and Conditions without reservation. In the event of Cardmember non-acceptance of such Terms and Conditions as amended, the Cardmember must immediately terminate the use of the Card in accordance with Clause 11.1 and 11.2 otherwise the changed Terms and Conditions will continue to apply.

The Cardmember hereby irrevocably authorizes the Bank to disclose information relating to the Card Account, the use or the Card, the particulars and financial affairs of the Cardmember to any Merchant, bank, financial institution or any of the Bank’s branches and related or affiliated concerns or any member of the International VISA network or to any person or concern or authority or consumer credit bureau as the Bank may, in its sole discretion, deem appropriate.

15.1) All Cards, PINS, notices, Statements of Account, demands or any other communications under these Terms and Conditions (hereinafter collectively called “Communications”) may be delivered personally or by courier or be sent by ordinary post to the last known billing or other address of the Cardmember and such Communications shall be deemed to have been served on the Cardmember on the day of delivery, if delivered by hand and on the next business day after posting, if sent by courier or by ordinary post. All Communications under these Terms and Conditions sent to the Cardmember shall be deemed to be Communications sent also to the Supplementary/ Virtual Cardmember.

15.2) Any notice to be given by the Cardmember or the Supplementary/ Virtual Cardmember to the Bank under these Terms and Conditions shall be given by registered post/courier/by hand with acknowledgment due.

15.3) Notwithstanding the aforesaid, the Bank shall be entitled at its absolute discretion to rely and act on any notices, requests or instructions which are or purport to be from or given on behalf of the Cardmember or the Supplementary/Virtual Cardmember (whether or not they are genuine or given with the Cardmember’s consent or authority), and action on the Bank’s part pursuant to such notices, requests or instructions shall be binding on the Cardmember and also the Supplementary/Virtual Cardmembers and the Bank shall not be liable for any loss or damage incurred or suffered or sustained by any Cardmember and/or Supplementary/Virtual Cardmember as a result of such action.

The Cardmember undertakes and agrees to indemnify the Bank and hold it harmless against any loss, damage, liability, cost and expense, whether legal or otherwise, which the Bank may suffer or incur by reason of these Terms and Conditions or any breach thereof or the enforcement of the Bank’s rights as herein provided (including any loss incurred or suffered by the Bank in the event of any governmental restrictions imposed on payment by the Cardmember in foreign currency by way of cash or through Foreign Exchange Bearer Certificates or otherwise). Accordingly, all costs and expenses, including legal costs and disbursements of every expense incurred by the Bank in enforcing or seeking to enforce or applying these Terms and Conditions or otherwise, shall be debited to the Card Account and shall be paid as Liabilities by the Cardmember on demand.

The Bank may at any time and without notice or liability in any way to the Cardmember combine or consolidate any one or all accounts of the Cardmember with the Bank or any affiliate or Subsidiary (whether current or deposit or of any other nature in whatever currency and whether in Pakistan or elsewhere) and/or set-off or apply any money standing to the credit of any one or all of such account in or towards satisfaction of the outstanding balance of the Card Account. Where such combination consolidation and/or set-off requires the conversion of one currency into another, the Bank shall be entitled to effect such conversion at such rate of exchange prevailing on the day of such combination, consolidation and/or set-off as the Bank may apply in accordance with the Bank’s usual practice in such connection and all exchange risks, losses, premiums, commissions and other Bank charges shall be borne by the Cardmember.

The Bank may at any time waive either unconditionally or otherwise any of these Terms and Conditions or any default or breach of the Cardmember provided that such waiver is given in writing by the Bank save as aforesaid, no condoning or excusing of and no neglect or forbearance on the part of the Bank of any default or breach of any of these Terms and Conditions shall operate as a waiver of the Bank’s rights and powers, and no waiver shall be inferred from or implied by anything done or not done by the Bank unless expressed in writing by the Bank. Any waiver shall operate only as waiver of the particular matter to which it relates and shall not operate as a waiver of subsequent breach in any of these Terms and Conditions.

These Terms and Conditions shall remain in full force and effect (notwithstanding the termination or restriction in use of the Card or the Card Account) until the Bank acknowledges receipt of all Cards cut into two vertical halves and full payment of all Cardmember and Supplementary/ Virtual Cardmember Charges and Liabilities and other costs and expenses relating thereto under these Terms and Conditions.

Each of these Terms and Conditions shall be severable and distinct from one another and if, at any time, any one or more of such Terms and Conditions is or becomes invalid, illegal or unenforceable the validity, legality or enforceability of the remaining provision shall not in any way be affected or impaired thereby.

The Cardmember agrees to reimburse the Bank for payment of any stamp duties and/or excise or other similar taxes or levies payable in connection with any advances, finances or credit provided by the Bank to the Cardmember or any Supplementary/Virtual Cardmember.

The Cardmember and Supplementary/Virtual Cardmember hereby agree that the Bank may in its sole discretion, assign, discount or otherwise transfer part or all of its interest herein (and/or in any goods hypothecated by the Cardmember to the Bank) to any third party for such consideration or otherwise as the Bank considers appropriate.

The Bank may issue a new card or cards automatically unless instructed otherwise and also that the Bank reserves the right not to reissue a card or renew the Card. The Cardmember shall continue to remain bound by these conditions and any amendment thereto.

These Terms and Conditions are governed by and shall be construed in accordance with the laws of Pakistan and the Cardmember and Supplementary/Virtual Cardmember hereby submit to the jurisdiction of the Courts established in Pakistan.

The Cardmember hereby promises that he shall abide by each and every term and condition set out herein and in case the Cardmember fails or defaults to fulfill any obligation or to discharge any of his/her duty then the Bank shall have an absolute discretion to terminate agreement with the Cardmember and immediately demand deposit of the Card with the Bank. In such case, the Bank shall not be liable for any loss or damage which might accrue to the Cardmember and/or the Supplementary/ Virtual Cardmember

I/We (hereinafter referred to as the “Customer”) hereby request and authorize Bank Alfalah Limited Pakistan (hereinafter referred to as the “Bank”) to enroll my/our Card Account mentioned above for the Step-by-Step payment plan facility (hereinafter referred to as the “SBS”). The Bank is offering this facility to all the membersof the Bank that hold the Credit Cards issued by the Bank. The Purpose of SBS is to enable the Customer to purchase Goods and Services offered by Merchants and transfer such transaction(s) or to transfer existing retail transactions or existing balances on the Credit Card Accounts to SBS using the limit available on his/ her Credit Card and repay the amount of the purchase/transfer amount in equal monthly installments in accordance with these Terms and Conditions.

If the Customer meets the Terms and Conditions of Bank’s Credit Card and also the Terms and Conditions specified herein, he/she may be eligible for enrolling in SBS. SBS is available and will only be offered to those customers, who abide by the Credit Card Conditions, meet the minimum transaction floor limit and have the required Credit Limit on his/her Credit Card Account.

All retail transactions made within Pakistan or outside Pakistan (greater than or equal to PKR 3,000/-), or any existing balance (greater than or equal to PKR 3,000/-) on the said Card Account can be converted into SBS, however, the Bank may at any time, upon giving prior information to the Customers, change the above mentioned floor limit. The transactions shall be only transferred to SBS for full amounts. The Bank will not allow partial transaction amounts to be transferred on to SBS.

SBS will be available to the Customers for Goods and Services purchased and the transactions performed through Credit Card issued by the Bank from time to time.

The Customer having made a Bank Alfalah Credit Card transaction can ask for the transference of his/her specified transaction to the SBS. The Customer will be able to utilize SBS from time to time by giving oral instructions, through telephone to the Bank’s 24-hour Authorization Centre. The personnel at Authorization Centre, having established the identity of the Customer and obtaining other necessary details, shall fill the application form on the basis of the information provided by the Customer. The Bank would not be bound to act upon any oral instructions purporting to have been given by the Customer unless the Bank can, during such oral instructions, verify any personal/financial information appearing on or resulting from the Customers Bank Alfalah Credit Card Application Form and/or Credit Card Account. The Bank reserves the right to select the item for verbal verification and/or to reject any oral instruction without assigning any reason(s) whatsoever.

On receiving the oral instructions the Bank may, if it deems fit, convert the transaction into a SBS transaction in accordance with these

SBS Terms and Conditions and the provisions applicable to that specific offer. Installment billed to cardholders on cycle date will be included in Minimum Payment of said cardholder. The SBS Terms & Conditions may vary from one offer to another and different Installment Charge Rates can be levied based on the nature of offer and duration of the Installment Plan opted by the Customer. The Bank would reserve the absolute right to accept/reject the request for conversion of the transaction or balance to SBS. The Bank will not be liable for any damage or loss incurred by the customer arising out of the purchase, installation, use or otherwise of the Good(s) and/or Service(s) under SBS for any negligence, breach of statutory or other duty on the part of the merchant nor shall the Bank be responsible in any way for the quality of the Good(s) and/or Service(s) purchased under SBS. Any complaint as to the quality of Goods purchased or Services rendered through SBS shall be referred to the Supplier or Merchant and shall not affect Customer’s obligation to continue paying the SBS monthly installments to the Bank. The Bank is entitled at any time and without any prior notice or liability to the Customer in any manner whatsoever to terminate SBS or cancel or vary its benefits or features, or vary, or add or delete any of these Terms and Conditions. The Bank is also entitled to determine a floor limit for the minimum amount of purchases allowed under the SBS for each particular offer. The Bank reserves the right to disqualify any Customer from further participation, if in its judgment, the Customer has in any way violated these Terms and Conditions, or has violated the Credit Card Terms and Conditions. The Bank shall be entitled to disallow/refuse any application form submitted by the Customer to it under SBS without assigning any reason whatsoever.

The Bank shall not be liable if it is unable to perform its obligations under these Terms and Conditions for any reason whatsoever.

These Terms and Conditions shall be without prejudice to the existing Credit Card Conditions governing the issue of and use of the Bank’s Credit Card and shall apply to SBS.

If at any time, dispute arises in connection with the SBS or these Terms and Conditions, the Bank’s decision in connection with the same shall be final and binding. The Bank reserves the right to terminate the SBS without prior notice.

Each of these Terms and Conditions shall be severable and distinct from one another, if at any time anyone or more of such Terms and Conditions becomes invalid, illegal, or unenforceable, the validity, legality or enforceability of the remaining provisions shall not be in any way impaired or effected thereby.

The Terms shall be governed and construed according to the laws of Pakistan and the Courts of Lahore shall have non-exclusive jurisdiction to settle any dispute from the term.

Force Majeure: In the event of the occurrence of a Force Majeure event that directly affects the ability of the Bank hereto to perform its obligation hereunder, the Bank shall be entitled to suspend performance of such an obligation for the duration of the Force Majeure event. Force Majeure includes acts of God, war, riots, hostilities, revolution, civil commotion, strike, epidemic, accident, fire, flood, earthquake, explosion, blockade, and or any other cause similar to the kind herein enumerated or of equivalent force not within the control of the Bank.

The Customer agrees that the Customer shall not have any claim of any kind against the Bank on the basis of or arising out of or relating to any of the instructions given above & that the Bank, its relevant officers & employees shall not be liable for any action undertaken pursuant to any instructions issued by the Customer.

The Facility can only be availed till such time, as the Total Outstanding does not exceed beyond the Credit Limit notified by the Bank to the Customer for the Customer’s Bank Alfalah credit card. At any time if making payment of the amount will result in exceeding the Credit Limit, the Bank will not be obliged to pay the amount in terms of the instructions for the Facility and will not act upon the Customer’s instructions and the Customer will not be able to avail the Facility exceeding the Limit. Bank Alfalah Limited does not undertake any responsibility whatsoever for non-payment of any such amount, and/or any resulting charges/mark-up/losses or any other liability as a result of such non-payment to the beneficiary or any other party.

A processing fee of 2% will be applicable per transaction. The Bank reserves the right to change all the SBS related fees and charges at its own discretion.

Pre-closure penalty will be 5% of remaining loan amount or Rs. 1,000 (whichever is higher). The Cardmember agrees to reimburse the Bank for payment of any stamp duties and/or excise or other similar taxes or levies payable in connection with any advances, finances or credit provided by the Bank to the Cardmember or any Supplementary/Virtual Cardmember.

The customer will be charged 1st SBS installment on billing cycle date with full monthly service charges either He/She is Revolver or Transactor. For example, If the billing cycle date is 15th and the SBS booking date is 12th of the same month, full monthly service charges will be billed and He/She will also be charged normal service charges on total outstanding balance inclusive of SBS transaction amount till the booking date of SBS.

SBS Plan is not applicable on partial transaction amounts. I confirm that I may be allowed to avail other facilities being offered by Bank Alfalah Limited on its credit cards including but not limited to Balance Transfer Facility, Call and Pay facility, etc. I agree that Bank Alfalah Limited shall, from time to time, send me the Terms and Conditions of other facilities and I will only begin to avail any of the provided facilities once I have read the governing

Terms and Conditions and fully agree with them.

I/We hereby request & authorize Bank Alfalah Limited to remit to the respective beneficiaries named above any amount not exceeding the amount given against each beneficiary name, and for a purpose approved by Bank Alfalah Limited. I/We will also be able to utilize the Balance Transfer Facility from time to time by giving oral instructions, through telephone to the Bank Alfalah 24 hours’ authorization centre.

Bank Alfalah Limited reserves the right to withdraw this Balance Transfer Facility through oral instructions at any time without assigning any reason and/or without any notice to me/us. In such case, I/We agree to provide written instructions for utilization of my/our Balance Transfer Facility.

Bank Alfalah will within 4 working days of the receipt of the Instruction in writing or oral, (excluding Bank and Public Holidays), on best effort basis, make payment of the amount stipulated through the Instruction interalia by way of issuance of a Pay order/Demand Draft (“Instrument”) and dropping the Instrument in the drop box/delivering the Instrument to the relevant party. Bank Alfalah Limited does not undertake any liability whatsoever beyond dropping the Instrument to the drop box/delivering the Instrument to the relevant party.

Bank Alfalah Limited would not be bound to act upon any oral instructions purporting to have been given by me/us unless Bank Alfalah Limited can, during such oral instructions, verify any personal/ financial information appearing on/or resulting from my/our Bank Alfalah Credit Card Application Form and/or Credit Card Account. Bank Alfalah reserves the right to select the item for verbal verification and/or to reject any oral instruction without assigning any reason whatsoever.

I/We agree that the service/mark-up charges on my/our outstanding balance in Bank Alfalah Limited Credit Card Account will be accrued from the date of transfer of my/our balance to Bank Alfalah Limited.

The Balance Transfer Facility can only be availed till such time, as the Total Outstanding does not exceed beyond the credit limit notified by Bank Alfalah Limited to me/us for my/our Bank Alfalah Credit Card. At any time if making payment of the amount will result in exceeding the credit limit, Bank Alfalah Limited will not be obliged to pay the amount in terms of the Balance Transfer Facility and will not act upon the my/our instructions and I/We will not be able to avail the Balance Transfer Facility exceeding the Limit. Bank Alfalah Limited does not under take any responsibility whatsoever for non-payment of any such amount, and/or any resulting charges/mark-up/losses or any other liability as a result of such non-payment to the relevant party.

Bank Alfalah Limited may from time to time and at any time revise and/or change any of the Terms including without limitation the Mark-up leviable in respect of the Balance Transfer Facility. Such changes will be effective from the date specified by Bank Alfalah Limited for such modification. Such changes will either be notified to me/us through statement message, mail or by affixing a notice to that effect for fifteen days at a conspicuous place within the premises of the concerned Bank Alfalah branch. Bank Alfalah reserves the right at any time and/or without any notice to (a) vary the frequency and manner of the use of the Balance Transfer Facility, the operating hours and other facilities and services available at any point in time through the use of the Balance Transfer Facility (b) stop the Balance Transfer Facility (c) discontinue the Balance Transfer Facility at any time.

I/We agree that I/we shall not have any claim of any kind against Bank Alfalah Limited on the basis of/or arising out of/or relating to any of the instructions given above & that Bank Alfalah Limited, its relevant officers & employees shall not be liable for any action undertaken pursuant to instructions issued by me/us.

I/We hereby agree to indemnify Bank Alfalah Limited against any claim made by any person in respect of any transaction undertaken pursuant to the instructions contained herein above and to hold the same harmless against any losses, costs, charges, damages and/or claims of all kinds.

Any payment made by Bank Alfalah Limited under the Balance Transfer Facility shall be recoverable in accordance with the basic Bank Alfalah Credit Card Terms and Conditions. The terms relating to the Balance Transfer Facility mentioned here-in-above are in addition to the basic Bank Alfalah Credit Card Terms and Conditions provided at the time of credit card and/or card statement delivery. These terms mentioned here-in-above shall apply to the extent not inconsistent with the Bank Alfalah Credit Card Terms and Conditions.

I/we agree that Bank Alfalah has the right to reject or accept my/our application based on its own internal policies and decision, without providing any reason whatsoever.

I confirm that I may be allowed to avail other facilities being offered by Bank Alfalah Limited on its credit cards including but not limited to Step-by-Step (SBS) Facility, Call and Pay facility, etc. I agree that Bank Alfalah Limited shall, from time to time, send me the Terms and Conditions of other facilities and I will only begin to avail any of the provided facilities once I have read the governing Terms and Conditions and fully agree with them.

I (the “Customer”) understand that under Bank Alfalah Limited (the “Bank”) Alfalah Cards SMS facility, the Bank will send me customized alert messages with respect to transactions or any other activity on my Alfalah Credit Card at its own discretion. The alert messages will be sent to me via short messages service/text (SMS) on my mobile phone or via e-mail or any other form of electronic means of communication available from time to time.

I agree to notify the Bank immediately in writing under my signature in the event of any change in any of the information i.e my mobile number, permanent and current address, address of place of business, fax number etc. The Bank shall in no way be liable for my lack of receipt of a message alert should I fail to provide the necessary updated information to the Bank. I agree to provide any additional information as may be required by the Bank from time to time.

I also agree that the Bank shall not be liable, in any manner whatsoever, if any relevant information pertaining to my Alfalah Credit Card comes in the knowledge of any third party due to, including but not limited to, if such third party has access to or is/are using my mobile phone with or without my consent to do so.

I agree to avail Alfalah Cards SMS facility (the “Service”) on the terms and conditions stated herein and accept and agree to be bound by the said terms and conditions.

1. Disclaimer of Liability

The Bank shall under no circumstances be held liable if the Service is not available for reasons, including but not limited to, natural calamities, legal restraints, faults in the telecommunication network or network failure, or any other reason beyond the control of the Bank. The Bank shall under no circumstances be liable for any damage caused to the Customer as result of use of the Service (including relying on the Service for the Customer’s investment or business purposes) for causes which are not attributable to the Bank. The Bank shall not be liable in any manner to the Customer in connection with the use of the Service. Illegal or improper use of the Service shall render the Customer liable for payment of penalties as decided by the Bank and/or will result in suspension of the service to the Customer.The Bank is in no way liable for any error or omission in the services relating to the Service provided by any mobile or any third party service provider (whether appointed by the Bank on its behalf or otherwise) to the Customer, which may affect the Service.

The Bank does not warrant the confidentiality or security of the messages transmitted through the Service. The Bank makes no warranty or representation of any kind in relation to the system and the network associated with the Service or their function or performance or for any loss or damage whenever and howsoever suffered or incurred by the Customer or by any person resulting from or in connection with the Service.

Without limitation to the provisions of these terms and conditions, the Bank and/or its employees shall not be liable for interruption, suspension, error of the Bank in receiving and possession of the request and in formulating and returning responses or any failure, delay, interruption, suspension, restriction or error in transmission of any information or message to and from the telecommunication equipment of the Customer and the network of any mobile service provider and the Bank’s system or any breakdown, interruption, suspension or failure of telecommunication equipment of the Customer, the Bank’s system or the network of any mobile service provider and/or any third party who provides such services as is necessary to the Service.

Notwithstanding anything to the contrary provided in these terms and conditions, the Bank shall not be involved in or in any way liable to the Customer for any dispute between the Customer and a mobile services provider or any third party service provider (whether appointed by the Bank in that behalf or otherwise). The Bank makes no representation or gives no guarantee for the timely delivery or accuracy of the contents of each short message service/text alert sent in connection with the Service.

The Customer agrees that the Bank may hold and process his personal information concerning his/her accounts on computer or otherwise in connection with the Service as well as for analysis and marketing. The Customer accepts and acknowledges that each short message service/ text alert sent in connection with the Service may contain account information relating to the Customer. The Customer hereby authorizes the Bank to send account related information through short message service/text alert. The Customer acknowledges that the short message service/text alerts sent in connection with the Service contains confidential information and should such confidential information be received by any other person other than the Customer due to operational faults or technical defects, the Bank shall not be liable or responsible for the same.

The Customer is solely responsible for protecting his personal identification number/access password and/or any other appropriate mode of identification that would be used for the Service given by the Bank for the use of the Service.

The Bank will not be liable for:

a) Any unauthorized use of Customer’s personal identification number/ access password and/or any other appropriate mode of identification that would be used for the Service or mobile phone or any fraudulent, duplicate or erroneous instructions given by the use of the Customer’s personal identification number/access password and/or any other appropriate mode of identification that would be used for the Service or mobile phone number, and any other identification number/code;

b) Error, default, delay or inability of the Bank to act on all or any of the instructions;

c) Acting in good faith on any instructions received by the Bank;

d) Loss of any information/instructions in transmission;

e) Unauthorized access by any other person to any information/ instructions given by the Customer or breach of confidentiality.

2. Instructions

The Customer hereby authorizes the Bank to act on any instruction which is identified by any use of the Customer’s personal identification number/access password and/or any other appropriate mode of identification that would be used for the Service at bank’s discretion and this instruction shall be deemed to be correct, valid, irrevocable and binding on the Customer upon receipt by the Bank.The Bank shall not be liable for any loss and damage which the Customer and/or any third party may sustain from the Bank acting on such instruction(s), whether given by the Customer or someone purporting to be the Customer, authorized or unauthorized.

The Bank shall have absolute discretion to act on or give effect to the instructions received by it, and may without notice and without giving any reason, cancel or refuse to execute any of the Customer’s instructions at any time without incurring any liability.

3. Suspension or Termination of the Service

The Bank, may in its discretion and without prior notice and without incurring any liability, temporarily suspend the Service or terminate it.

4. Charges

The Service will be subject to payment of a fee as determined by the Bank from time to time and the same shall be notified to the Customer. The Customer hereby authorizes the Bank to debit the Customer’s account with such fees and charges.Notwithstanding the service charges, or fees imposed by the Bank, the Customer is further liable for any charges levied by any mobile services provider and/or any other third party as a result of the use by the Customer of the Service.

5. Indemnity

The Customer shall indemnify and hold the Bank harmless against any loss suffered by the Bank, their customers or a third party or any claim or action brought by a third party arising out of or in connection with any services provided to the Customer pursuant hereto. In consideration of the Bank providing the Service, the Customer agrees to indemnify and hold the Bank harmless from and against all actions, claims, demands, proceedings, loss, damages, costs, charges and expenses whatsoever which the Bank may at any time incur, sustain or suffer as a consequence of or arising from the Customer acting, or omitting to act on any instructions given by the use of the Service.The Customer hereby agrees to abide with all the rules and regulations applicable to this Service and any other services related to this Service that may be provided by the Bank in the future.

6. Amendment

The Bank may amend/change the above terms and conditions, at any time by giving notice to the Customer and such amended terms and conditions shall thereupon apply to and be binding on the Customer.

I (the “Customer”) am interested to avail the opportunity being offered by Bank Alfalah Limited of paying my various utility bills (as listed in the Schedule attached hereto) through a call at the twenty-four hours Call Center 111 225 111.In respect of the above, I hereby authorize Bank Alfalah Limited (the “Bank”), to deduct and remit to the relevant authority the total amount of the bill as stated in my “Utility Bills” from my credit card account as specified here above, as and when I call the Call Center for the purpose of payment of my utility bills. I understand, acknowledge and agree to pay the nominal fee charged for availing the said service.These instructions shall remain valid and in force till such time as I inform the Bank in writing under my signature that I no longer wish to avail this facility as offered by the Bank. I further undertake to notify Bank of any change in the information given below and/or to inform them immediately about the theft or loss of the credit card.I hereby further agree that I authorize the Bank to act on any instruction, which is identified by any of my personal and/or credit card details available with the Bank, regarding payment of utility bills from my credit card account and this instruction shall be deemed to be correct, irrevocable, valid and binding on me upon receipt by the Bank. The Bank shall not be liable for any loss and damage which the Customer and/or any third party may sustain from the Bank acting on such instruction(s), whether given by the Customer or someone purporting to be the Customer, authorized or unauthorized. The Bank shall effect all instructions received at its absolute discretion and may, without notice and without giving any reason, cancel or refuse to execute any of the Customer’s instructions at any time without incurring any liability. I further agree to indemnify and hold the Bank harmless against any loss suffered by the Bank, their customers or a third party or any claim or action brought by a third party arising out of or in connection with any services provided to me pursuant hereto.I agree to abide with all rules and regulations applicable to this service and any other services related to this service that may be provided by the Bank in future.I agree and acknowledge that the Bank under no circumstances shall be held liable if the said service is not available for reasons including but not limited to natural calamities, legal restraints, faults in the telecommunication network or network failure, or any other reason beyond the control of the Bank. The Bank shall not be liable under any circumstances for any damages whatsoever whether such interruption of business or any loss of character or nature whatsoever and whether sustained by the Customer or by any other person. Illegal or improper use of the service shall render the Customer liable for payment of financial charges as decided by the Bank or will result in suspension of the service to the Customer. I agree and acknowledge that I shall be solely responsible for protecting any identifiable personal and/or credit card details given by the Bank for the use of the service.I agree that the Bank may hold and process my personal information on computer or otherwise in connection with the service as well as for analysis, credit scoring and marketing. I agree and acknowledge that the Bank has the absolute discretion to amend or supplement any of the terms and conditions at any time, and such amended terms and conditions will thereupon apply to and be binding on me.

Without prejudice to any other provision herein, the Policy provided hereunder in respect of the Customer shall terminate on the happening of the first of any of the following events:

The Customer’s death, terminal illness, or permanent total disability and any other reason as in the relevant policy document in respect of the Policy. Cancellation of the Customer’s Credit Card facility in the case of monthly payment only. If Credit Card account falls in 60 DPD. The Customer having attained the age of 60 years. Written notice from the Customer that the insurance be cancelled.

No benefit shall be payable under the Policy if the death results directly, wholly or partly as a result of or related to the following conditions (details in policy document):

a) Suicide

b) Sickness or any other natural causes occurring within first forty five days of commencement of coverage

c) Disease and incapacity or bodily injury or any condition which existed prior to the commencement of coverage

d) Pregnancy, miscarriage, childbirth or any non-malignant disease occurring in or in connection with the female reproductive organs

e) Intentional self inflicted injury, intoxication, insanity, fighting or unlawful act

f) Flying other than as passenger in a certified commercial aircraft

g) War, invasion, act of foreign enemy, hostilities (whether war is declared or not) and civil commotion

h) Service on duty with any armed or para-military forces

i) Hazardous sports such as motorcycling, hunting, steeple chasing, mountaineering, racing of any kind, winter sports and diving

j) Direct or indirect result of Human Immuno Deficiency Virus (HIV)

Further details of the General Limitations and Exclusions in respect of the Policy shall be contained in the policy document (as amended from time to time) in respect of the Policy and shall be binding on the Customer.

Claim

The Customer hereby agrees to abide by and be bound by all provisions, terms and conditions regarding claims in respect of the Policy as are mentioned in the relevant policy documents of the Policy or as notified by the Insurance Company from time to time.

The Customer hereby agrees that Bank Alfalah may at any time waive either unconditionally or otherwise any of these terms and conditions or any default or breach of the Customer provided that such waiver is given in writing by Bank Alfalah. The waiver of any breach or failure to enforce any term or condition contained herein shall not be construed as a waiver or a waiver of any other breach of the same or any other term or condition.

Each of these terms and conditions shall be severable and distinct from one another and if at any time, any one or more of such terms and conditions is or becomes invalid, illegal, unenforceable, the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

The Customer hereby agrees that the decision of Bank Alfalah in respect of any dispute that may arise in connection with these terms and conditions shall be final and binding.

These Terms and Conditions shall be governed by and construed in accordance with the laws of Pakistan.

Credit Cover

The rights and obligations of any cardmember subscribing to the Credit Cover Scheme shall be governed by the terms and conditions set forth herein below. By virtue of the Credit Cover, Bank Alfalah limited (herinafter called the Bank) aims to offer, through an insurance company of its choice, certain protection to those Basic Cardmembers who are subscribing to the Credit Cover in the event of Death, Terminal Illness, Permanent Total Disability and Temporary Total Disability in accordance with the referenced terms and conditions and the Master Contract.

Alfalah Credit Cover also has a range of features (like coverage against confirmable fraudulent usage, counterfeit activity or any other unforeseen circumstances covered in our new Credit Cover policy) designed to protect you from the setbacks of life, at affordable rates.

Definitions

In these terms and conditions: Except where inconsistence with the subject matter or context the singular includes the plural and the masculine the feminine, the vice versa in both case.

Accident means bodily injury which is caused solely by violent, external and accidental means and resulting directly an independently of all other causes.

Bank means Bank Alfalah Limited Pakistan, which shall include all its administrators, successors-in-interest and assigns.

Cardmember means an Account Holder of Credit Card facility who is subscribing to the Credit Cover and accepted by the Bank.

Commencement Date means the date the Cardmember is enrolled for Credit Cover by the Bank.

Credit Card means the Bank Alfalah VISA facility.

Credit means the credit or other form of financial accommodation provided by the Bank to the cardmember.

Event means Death, Terminal Illness, Permanent Total Disability or Temporary Total Disability.

Insurer means EFU Life Assurance Ltd.

Indebtedness at the time of Death, Terminal Illness or Permanent Total Disability means the closing balance of the last Credit Card statement prior to the Event giving rise to the claim plus amount of any authorized Credit Card transaction made prior to the Event, giving rise to the claim not included in that statement. The indebtedness shall not exceed the credit limit.

Provided if a Temporary Total Disability Benefit was being paid, the Indebtedness shall be reduced by an amount equal to reduction in the outstanding balances as a result of the Temporary Total Disability Benefit which have subsequently been paid.

Monthly Installment means the “total Minimum Payment Due” payable to the Bank by the Cardmember as set out in the last billing statement issued prior to the occurrence of the Event giving rise to a claim.

Sickness means a sickness or disease contracted for the first time after the Commencement Date.

Insurance Cover

Death, Terminal Illness and Total Permanent Total Disability Cover

In the event of the Cardmember’s Death, Terminal Illness or Permanent Total Disability, the insurance cover is the Cardmember’s indebtedness up to a maximum of Rs.1,200,000.

Temporary Total Disability Cover

In the event of Cardmember’s Temporary Total Disability the insurance cover is the Cardmember’s Monthly installment up to a maximum of twelve months. Insurance will be provided under Credit Cover from the Commencement Date.

ELIGIBILITY

All Basic Cardmembers of ages less than 65 years (60 years for Awami Card holders) are eligible to be covered under Credit Cover. At age 65 years (60 years for Awami Card holders) of the Cardmember insurance cover shall cease and no benefit will be payable. However no insurance will be effective if the Cardmember has already attained the age of 65 years (60 years for Awami Card holders) at the time of initial cardmembership approval by the bank. The benefits under Credit Cover shall be extended to only the Basic Cardmembers and not to Supplementary/Virtual Cardmember.

BENEFITS

Subject to the terms and conditions herein the following benefits are available:

a) Death Benefit

On Death of the Cardmember, the Cardmember shall be relieved of the amount of his Indebtedness plus credit charges on the Indebtedness for a maximum period of two months after the date of Death.

b) Temporary Total Disability Benefit

In the Event of Temporary Disability due to Accident or Sickness, the Cardmember shall be relieved of the monthly installment for each month during the disability period up to a maximum of twelve months. “Temporary Total Disability” means inability, due to Accident or Sickness, of the Cardmember to engage in his own occupation or employment for a period exceeding forty five days and provided the Cardmember is not otherwise gainfully employed or in receipt of any payments from his employer(including sick pay) or any Social Security organization.

c) Permanent Total Disability Benefit

On Permanent Total Disability of the Cardmember due to Accident or Sickness, the Cardmember shall be relieved of the amount of his Indebtedness. “Permanent Total Disability” means having been permanently or totally disabled for six consecutive months as a result of Accident or Sickness which prevents the Cardmember from engaging in any occupation for which he is reasonably qualified by training, education and experience and provided that the insurer is satisfied that he will be so rendered indefinitely.

d) Terminal Illness Benefit

On diagnosis of a Terminal Illness, the Cardmember shall be relieved of the amount of his Indebtedness plus credit charges on the indebtedness for a maximum period of two months after the date of diagnosis of such illness. Payment of Terminal Illness Benefit shall absolve the Insurer of liability against Death Benefit. “Terminal Illness” means a medical condition which in the opinion of a relevant specialist(s) approved by the Insurer would result in the life span of the Cardmember being reduced to a period of such a medical condition.

e) Fraudulent Usage and Counterfeit Activity Benefit

In the event of any Confirmable Fraudulent Usage or Counterfeit Activity on the Cardmember’s Credit Card, the Cardmember shall be relieved of the amount of his Indebtedness plus credit card charges on the Indebtedness incurred on account of such Confirmable Fraudulent Usage or Counterfeit Activity. “Confirmable Fraudulent Usage or Counterfeit Activity” means any alleged fraudulent or counterfeit activity on the Credit Card undertaken by any unauthorized person, which can be verified and confirmed, to the satisfaction of the Insurer, to have been conducted illegally and without the permission or acquiescence, direct or indirect, of the Cardmember.

All benefits under Credit Cover shall be payable to the Bank and applied to payment of outstanding bills on theCardmember’s Credit Card. Receipt of such benefits by the Bank shall discharge the Insurer with respect to all claims under Credit Cover Scheme.

General Conditions

PREMIUM

Premiums are payable as per schedule of charges based on current balance shown on the Cardmember’s Statement of Account each month. The Bank shall pay all premiums under this policy to the Insurer on monthly basis, in arrears, with the amount of the premium being charged to the Cardmember’s account. If the Cardmember fails to pay “Total Minimum Payment Due” in respect of the last statement of account on its due date then the Bank shall stop payment of the premium to the Insurer. If this “Total Minimum Payment Due” is not paid within a period of 30 days, since it is due, then the Cardmember shall not be entitled to claim any right and benefits under the Credit Cover

Scheme. The insurer may at any time vary the prescribed rate of premium. Subject to the requirement of statute, notification of any such change shall be given to the

Cardmember by the Bank either in writing or be publication thereof.

LIMITATIONS AND REDUCTIONS

a) No temporary Total Disability Benefits shall be payable for the first forty days of any period of Temporary Total Disability.

b) The maximum cumulative amount of benefits payable under Credit Cover Scheme for any one Event shall not exceed Rs.1,200,000/-.

TERMINATION OF INSURANCE

Without prejudice to any other provision herein, the insurance provided hereunder in respect of the Cardmember shall terminate on the happening of the first of the any of the following events:

a) Cardmember’s death, terminal illness, or permanent total disability;

b) Cancellation of the Cardmember’s Credit Card Facility, which is done when the payment is overdue for 3 months (60 days);

c) The Cardmember having attained the age of 65 years (60 years for Awami Card holders);

d) Non payment of premiums by the Bank to the Insurer for a period of thirty days after they have become due;

e) Any other date on which the Cardmember ceases to be eligible for assurance for any fraudulent or criminal reason affecting the assurance hereunder. Decision of the court shall be final in such cases;

f) Written notice from the Cardmember that the insurance be cancelled.

CLAIMS

Written notice of claim must be presented to and received by the Bank within 45 days of occurrence of insured Events. All claims shall be subject to such discharge, evidence of claim, proof of age and occupation and other information and evidence as the Insurer may require. The Insurer at its own expense shall have the right to ask for any medical exam as often it may reasonably require during the pendency of a claim. At any time after a claim has been submitted under this Credit Cover Scheme, the Bank may in its absolute discretion restrict or cancel Cardmember’s right to use his Credit Card. The Cardmember should not attempt to use his Credit Card during any period where its use has been suspended.

EVIDENCE OF INDEBTEDNESS

In determining the amount of any benefit, the Insurer is entitled to rely on any statement in writing as to the amount of the Cardmember’s Indebtedness or Monthly Installment which has been signed on the Bank’s behalf by a responsible officer.

EXCLUSIONS

No benefit will be payable under this Credit Cover Scheme if the Death, Terminal Illness or Disability results directly, wholly or partly as a result of or related to:

a) Suicide within 13 months of Commencement Date;

b) Sickness occurring within 28 days of Commencement Date;

c) Disease and incapacity or bodily injury which existed prior to the Commencement Date;

d) Pregnancy, miscarriage, childbirth or any nonmalignant disease occurring in or in connection with the female reproductive organs;

e) Intentional self inflicted injury, intoxication, insanity, fighting or unlawful act on the part of the Cardmember.;

f) Flying other than as passenger in a certified commercial aircraft;

g) War, invasion, act of foreign enemy, hostilities (whether war is declared or not) and civil commotion

h) Participating in exercises or operations while serving with either of the armed or paramilitary forces or while performing any form of police duty;

i) Hazardous sports such as motorcycling, hunting, steeple chasing, mountaineering, racing of any kind, winter sports and diving;

j) Direct or indirect result of Human Immuno Deficiency Virus (HIV).

General

The Bank is only acting as an agent in providing this facility and cannot be held responsible for setting claims emanating from this Scheme or for the approval or rejection of any claim. The Bank shall consider to accept for the Credit Cover Scheme any person who is an Account holder of a Credit Card Facility and confirms to the Bank’s usual applicable conditions as determined from time to time at the Bank’s sole judgment and discretion. Either the Bank or the Cardmember may cancel the Credit Cover at any time by giving the other a notice in writing of 15 days. In addition to the above terms and conditions and unless the context hereof otherwise requires, this Credit Cover product shall be subject to and be governed by the pertinent provisions and definitions that are embodied in the credit Card Agreement and are not expressly provided for herein.

Alfalah Credit on Phone

I/We (hereinafter referred to as the “Customer”) hereby request and authorize Bank Alfalah Limited Pakistan (hereinafter referred to as the “Bank”) to enroll my/our Card Account for the Credit on Phone facility (hereinafter referred to as the “COP”) and further transfer it to Step-by-Step payment plan facility (hereinafter referred to as the “SBS”). The Bank is offering this facility to all the members of the Bank that hold the Credit Cards issued by the Bank for more than 6 months. The Purpose of Credit on Phone is to enable the Customer to purchase Goods and Services and transfer such facility/transaction(s) amount(s) in SBS and repay the amount of the same in equal monthly installments in accordance with these Terms and Conditions. If the Customer meets the Terms and Conditions of Bank’s Credit Card and also the Terms and Conditions specified herein, he/she may be eligible for enrolling in COP/SBS. COP/SBS is available and will only be offered to those customers, who abide by the Credit Card Conditions meet the minimum transaction floor limit and have the required Credit Limit on his/her Credit Card Account. Up to 75% of credit limit (Maximum) or Minimum PKR 3,000/- on the said Credit Card Account can be availed as COP and further converted into SBS, however, the Bank may at any time, without giving prior information to the Customer,change the above mentioned limits. The Credit on Phone transaction(s) shall be only transferred to SBS for full amount(s). The Bank will not allow partial amount(s) of a transaction(s) to be transferred on to SBS. The Customer having available credit limit can ask for the transference of his/her specified amount to issue a pay order issued in his/her own name or get the Credit amount to his/her account maintained in Bank Alfalah branch. The Customer will be able to utilize credit limit from time to time by giving oral instructions, through telephone to the Bank’s 24-hour Call Centre/PBO. The personnel at Call Centre, having verified the identity of the Customer and obtaining other necessary details, shall capture the detail on the basis of the information provided by the Customer. The bank shall not be responsible for any error/mistake made by the Customer in communicating or giving instructions to the Bank relating to Credit on Phone transaction amount, to SBS. The Bank would not be bound to act upon any oral instructions purporting to have been given by the Customer unless the Bank can,during such oral instructions, verify any personal/financial information appearing on or resulting from the Customers Bank Alfalah Credit Card Application Form and/or Credit Card Account. The Bank reserves the right to select the item for verbal verification and/or to reject any oral instruction without assigning any reason(s) whatsoever. On receiving the oral instructions the Bank may, if it deems fit, convert the Credit on Phone transaction into a SBS transaction in accordance with these SBS Terms and Conditions and the provisions applicable to that specific offer. The SBS Terms & Conditions may vary from one offer to another and different Installment Charge Rates can be levied based on the nature of offer and duration of the Installment Plan opted by the Customer. The Bank reserves the absolute right to accept/reject the request for Credit on Phone and the conversion of the transaction to SBS. The Bank will not be liable for any damage or loss incurred by the customer arising out of under COP/SBS for any negligence, breach of statutory or other duty on the part of the customer to affect Customer’s obligation to continue paying the SBS monthly installments to the Bank. If the Customer defaults in the COP/SBS plan or contravenes the Terms and Conditions herein, the Bank will have the right to recover from the Customer, any loss or damage as a consequence of such default or breach. The Bank is entitled at any time and without any prior notice or liability to the Customer in any manner whatsoever to terminate COP/SBS or cancel or vary its benefits or features, or vary, or add or delete any of these Terms and Conditions. The Bank is also entitled to determine a floor limit for the minimum amount allowed under the COP/SBS for each particular offer. The Bank reserves the right to disqualify any Customer from further participation, if in its judgment, the Customer has in any way violated these Terms and Conditions, or has violated the Credit Card Terms and Conditions. The Bank shall be entitled to disallow/refuse any application form submitted by the Customer to it under COP/SBS without assigning any reason whatsoever. The Bank shall not be liable if it is unable to perform its obligations under these Terms and Conditions for any reason whatsoever. These Terms and Conditions shall be without prejudice to the existing Credit Card Conditions governing the issue of and use of the Bank’s Credit Card and shall apply to COP/SBS. If at any time, dispute arises in connection with the COP/SBS or these Terms and Conditions, the Bank’s decision in connection with the same shall be final and binding. The Bank reserves the right to terminate the COP/SBS without prior notice. Each of these Terms and Conditions shall be severable and distinct from one another, if at any time anyone or more of such Terms and Conditions becomes invalid, illegal, or unenforceable, the validity, legality or enforceability of the remaining provisions shall not be in any way impaired or affected thereby. The Terms and Conditions shall be governed and construed according to the laws of Pakistan and only the courts in Lahore shall have jurisdiction to settle any dispute with regard to them. . Force Majeure: In the event of the occurrence of a Force Majeure event that directly affects the ability of the Bank hereto to perform its obligation hereunder, the Bank shall be entitled to suspend performance of such an obligation for the duration of the Force Majeure event. Force Majeure includes acts of God, war, riots, hostilities, revolution, civil commotion, strike, epidemic, accident, fire, flood, earthquake, explosion, blockade, and or any other cause similar to the kind herein enumerated or of equivalent force not within the control of the Bank. The Customer agrees that the Customer shall not have any claim of any kind against the Bank on the basis of or arising out of or relating to any of the instructions given above & that the Bank, its relevant officers & employees shall not be liable for any action undertaken pursuant to any instructions issued by the Customer. The Facility can only be availed till such time, as the Total Outstanding does not exceed beyond the Credit Limit notified by the Bank to the Customer for the Customer’s credit card. At any time if making payment of the amount will result in exceeding the Credit Limit, the Bank will not be obliged to pay the amount in terms of the instructions for the Facility and will not act upon the Customer’s instructions and the Customer will not be able to avail the Facility exceeding the Limit. Bank does not undertake any responsibility whatsoever for nonpayment of any such amount, and/or any resulting charges/mark-up/losses or any other liability as a result of such non-payment to the beneficiary or any other party. A processing fee of 2% will be applicable per transaction. The Bank reserves the right to change all the COP/SBS related fees and charges at its sole discretion. Pre-closure penalty will be 5% of remaining Credit amount or Rs. 1,000 (whichever is higher). The Cardmember agrees to reimburse the Bank for payment of any stamp duties and/or excise or other similar taxes or levies payable in connection with any advances, finances or credit provided by the Bank to the Cardmember or any Supplementary/Virtual Cardmember. The bank may from time to time change the Terms and Conditions set out herein. Subject to the requirement of statute, notification of any such change shall be given to the Card member by the bank either in writing or by publication hereof.