ATM Terms & Condition

ATM Services

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::ATM Services
	VISA Debit Card
	Terms and Conditions

1.	The abbreviations used in these terms and conditions shall be constructed as:
	a.	“Bank” means Nepal Development Bank Ltd (NDBL).
	b.	“Card” means NDBL Visa Debit Card.
	c.	“Cardholder” means to whom the card has been issued
	d.	“ATM” means Automated Teller Machine.
	e.	“Supplementary Card” means Card issued to your family member or any other person nominated by you.
	f.	“Merchant” means shops/ outlets that are authorized to accept cards as a mode of payment.
	g.	“POS” means Point Of Sale
	h.	“Card Statements” means statement containing details of your Card usages.
	i.	“PIN” means Personal Identification Number
2.	The Card is a property of the Bank at all times.
3.	The Card is non-transferable.
4.	The Bank reserves the rights to seize/cancel the card so issued to any cardholder, if found at any date, the information submitted by such Cardholder is false and/or the Card has been misused.
5.	The Bank shall debit the Account(s) designated by the Cardholder for all transactions initiated including cash withdrawals by using the Card. For this purpose the Cardholder irrevocably authorizes the Bank to Debit his/her nominated account(s) with the amount of transaction(s) effected through the use of the Card.
6.	The Bank shall debit the Account(s) for all fees and charges as determined by the Bank relating to the Card and the services thereby provided.
7.	In case of Joint Nominated Account(s) for all the members shall be jointly and severally responsible for all the transactions performed on such Card.
8.	Bank reserves the right to terminate membership, withdraw the privileges attached to the Card or not to renew the expired Card at any time and to call upon the Cardholder to surrender the Card.
9.	Use of the Card after notice of withdrawal of the privileges or the termination of the membership is fraudulent and may be subject to legal action by the Bank in accordance with the prevailing law.
10.	Upon termination of membership or withdrawal of privileges of the Card for any reason whatsoever, the card shall be returned to the Card Department within 7 days from the date of receipt of notice. The Cardholder shall be liable for payment of the bills arising out of use of the Card till Card is not surrendered to the Bank.
11.	The Cardholder shall provide written instructions to the Bank for the cancellation or non-renewal of the Card one month prior to the expiry date specified in the Card.
12.	The Card and PIN issued to the Cardholder are entirely at the Cardholder’s risk and responsibility. The Cardholder shall not disclose the PIN or permit possession of the Card to any other person. The Cardholder undertakes full responsibility for any and all transactions made by the use of the Card whether or not made with his/her knowledge or authority.
13.	The Cardholder agrees to inform the Bank in writing regarding lost/stolen, damage of Card and disclosure of PIN. The Cardholder will be held liable for all the transactions received prior to this notification.
14.	The cardholder shall maintain at all times minimum balance prescribed in his/her account as the Bank may decide from time to time.
15.	Wrong entry of PIN three continuous times while making transaction in ATM or POS will automatically make the card inoperative. In such case the Cardholder will contact the bank for making the card revalidated for operation. Revalidation shall be done by charging certain fees to be decided by the bank from time to time.
16.	If the money dispensed by ATM is not collected by the Cardholder quickly the money will be taken back by the machine but the Cardholder’s account will be debited.
17.	Any mistake in the transaction slip has to be reported to the bank by the cardholder immediately.
18.	The Bank reserves the right to limit daily cash withdrawal by the Cardholder and decide on denomination that would be dispensed from Bank’s ATM.
19.	The Bank shall not be responsible in any way for non-availability of ATM services or POS terminals at Merchant outlets for any reason whatsoever and howsoever arising as a result of malfunctioning of the Card or ATM or POS, insufficiency of funds in such machines, Mechanicals or power supply failure or otherwise.
20.	The Card is valid for use at ATMs and Merchant Establishments in Nepal, India and at any other location to be notified by the bank. The Card is valid upto the last working day of the month indicated on the card. Thereafter, renewal is must for further use of the card.
21.	The cardholder agrees that in case he has multiple accounts, the bank will decide the number of accounts, which will have the Card facility on them. All transactions will be reflected in the account statement of the accounts(s) which are linked to the card.
22.	The Bank reserves the right to extend certain special privileges to the cardholder from various concerns either directly at the time of transaction or through his/her account(s) after certain interval to be solely decided by the bank.
23.	The Bank may, at its discretion, make available to the Cardholder more services on the Card, ATMs, POS Terminals, and/or other devices through shared networks for the Cardholder’s convenience and use. All fess and charges related to Transactions done by the cardholder at these devices, as determined by the Bank from time to time will be recovered by a debit to his account.
24.	The Cardholder hereby agrees that in case the Cardholder commits a default in payment of any amount due on the card, The Bank will have an unqualified right to disclose or publish the details of the default including the name of the cardholder to Credit Information Center.
25.	The Cardholder undertakes to indemnify the Bank and to keep the Bank indemnified against losses, damages, cost or expenses incurred and sustained by the Bank arising out of Cardholder’s failure to observe any of the terms and conditions herein mentioned.
26.	The Bank reserves the right to amend these terms and conditions at any time with prior notice to the Cardholder and such amended terms and conditions shall be binding on the Cardholder.
27.	The Cardholder agrees that in case of any legal proceedings relating to the card the same shall be dealt in Kathmandu Courts in accordance with the laws of Nepal.