Terms and Conditions

Last Updated: 29/05/2024

Chamber of Business and Entrepreneur (India) Council

[Your Chamber’s Name], hereinafter referred to as “we,” “us,” or “our,” provides the following services: Aadhaar Enabled Payment System (AEPS), Domestic Money Transfer (DMT), and E-Commerce. By using these services, you agree to the terms and conditions outlined below:

1. AEPS Service:

1.1 Requirements:

1.1.1 To use the AEPS service, customers must have a valid Aadhaar number and complete the necessary biometric verification.

1.1.2 Customers understand that any issues arising due to technical glitches, though rare, should be reported to their respective banks. The resolution process may take 5-7 days.

1.1.3 AEPS transactions are free for customers, and the transaction cost may be borne by the Merchant or Banking Correspondent.

2. DMT Service:

2.1 Transaction Limits:

2.1.1 There are standard transaction limits set by regulatory authorities, and individual banks may define their own limits.

2.1.2 Users must comply with the transaction limits defined by the participating banks.

2.1.3 In case of discrepancies in DMT transactions, customers are required to report the issue to their bank promptly.

3. E-Commerce:

3.1 Payment and Transactions:

3.1.1 E-Commerce transactions are subject to the terms and conditions set by the respective merchants.

3.1.2 Customers are responsible for providing accurate payment information during E-Commerce transactions.

3.1.3 Refund and return policies of individual merchants apply to E-Commerce transactions.

4. General Terms:

4.1 Privacy and Security:

4.1.1 We are committed to protecting the privacy and security of user information. Please refer to our Privacy Policy for details.

4.1.2 Users must use the services responsibly and safeguard their personal and financial information.

4.2 Changes to Terms and Conditions:

4.2.1 We reserve the right to update or modify these terms and conditions at any time.

4.2.2 Changes will be effective when posted on our website.

5. Governing Law and Jurisdiction:

5.1 These terms and conditions are governed by and construed in accordance with the laws of India.

5.2 Any disputes arising under or in connection with these terms and conditions shall be subject to the exclusive jurisdiction of the courts of New Delhi

6. Contact Information:

For any queries or concerns regarding these terms and conditions, please contact us at: support@cbeic.in