Terms & Conditions
before you use our platform or any of its services (“Services”). These Terms are legally
govern the use of
our website, our mobile application, our API and other properties collectively called as the
“Platform” created by InstantPay India Limited, a company incorporated under the laws of India,
office at A-24/9, Mohan Co-operative Industrial Estate, New Delhi - 110044 (“InstantPay” or
By signing-up to use the Platform, you acknowledge that you have read these Terms and agree to be bound
by them. You
By signing up to use
you represent that you have provided us with valid identifying information which may be used to verify
Please note that we may restrict, suspend, or terminate your access at any time to the Platform if we
believe you have
breached these Terms. We may use certain technologies to monitor your activities on the Platform.
We may modify these Terms or any other terms at any time by posting a revised version of
the same at www.instantpay.in
on our website (“Website”), and the amended version of these Terms shall become automatically binding on
you if you
continue to avail the Services. The amended terms will be applicable even if not accepted by you
separately. These Terms
& Conditions were updated on Feb 2021. You shall have the responsibility to review these Terms on a
regular basis. If
you do not wish to be bound by the updated Terms, we request you to stop accessing the platform and the
Services and to
reach out to us to deactivate your User Account. Throughout this document, we use the terms “we”
“our” to refer to
InstantPay and the terms “you” and “your” to refer to you, the User of
Both InstantPay and
the User are
collectively referred to as “Parties” and singularly referred to as
If you are into a separate written agreement with the InstantPay, for any of its services these Terms
shall be deemed to
be incorporated into that agreement, whether it is specifically called out or not. When you access or use
and/or the Services, these Terms shall apply and shall be legally binding on you and to your access and
use of the same
even if not accepted by you separately.
InstantPay’s services are available to anyone having a valid Indian mobile phone number and an e-mail
below the age of 18 years (“Minor(s)”) can use the Platform only with the permission
and under the
supervision of their
legally appointed guardian (“Guardian”). Users who have been previously suspended or
availing any service
by InstantPay shall not be eligible to avail services from InstantPay. Users shall not impersonate any
person or entity,
or falsely state or otherwise misrepresent identity, age or affiliation with any person or entity.
and Conditions and
API Banking Terms and Conditions, the following words and phrases shall have the meaning assigned to
them under this
“Applicable Law” includes all applicable Indian statutes, enactments, acts of the
state legislature or parliament, laws, ordinances,
rules, bye-laws, regulations, notifications, guidelines, directions, directives and orders of any
authority, statutory authority, board, recognized stock exchange, as may be applicable including but not
Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks, Business
Guidelines issued by RBI from time to time, Payment & Settlement Systems Act, 2007, Aadhaar
Regulations, 2016, Aadhaar (Data Security) Regulations, 2016, Aadhaar (Sharing of Information)
Regulations, 2016 issued
by UIDAI and rules made thereunder, Policy Guidelines on Issuance and operation of Pre-paid Payment
“Chargeback” shall mean and include reversal of any transaction made by Service
Provider’s User inter alia, on account of, including
but not limited to:
any alleged forgery of User’s account, card or other details;
any charge/debit made on account or card that has been listed as a
hot listed card or otherwise listed on the card association warning bulletins;
duplicate processing of the transaction;
any amount required to be refunded due to, denial of transaction by
the User / valid card holder as wrongly charged payment / extra payments and/or due to the fraudulent
use / misuse of the personal and financial information of the Service Provider’s User by any
unauthorized person and / or any other reason as required / approved by the concerned banks, as the
case may be.
“Confidential Information” means and includes the Intellectual Property and any and
all business, technical and financial information of InstantPay or of any of its affiliates that is
information which relates to its financial and/or business operations, including but not limited to,
specifications, models, merchant lists/information samples, reports, forecasts, current or historical
data, computer programs or documentation and all other technical, financial or business data,
information related to its internal management, customers, products, services, anticipated
products/services, processes, financial condition, employees, merchants, Intellectual Property,
marketing strategies, experimental work, trade secrets, business plans, business proposals, customer
contract terms and conditions, compensation/commission/ service charges payable to the User, and other
valuable confidential information and materials that are customarily treated as confidential or
proprietary, whether or not specifically identified as confidential or proprietary.
“Credit” shall mean the payment made by the User to the Company to carry out
transactions through the
“Effective Date or Registration date” shall mean the date of registration of account
of the User on
“Intellectual Property” shall mean all intellectual property used for the purpose of
or in association
with or in
Software, operating manuals, software code, program, instructions, specifications, processes, input
methods, data or
information used in relation to, or in association with, or for the operation of the software installed
by the Company,
(b) the trademarks, service marks, trade names, business names, logos, symbols, styles, colour
combinations used by the
Company during the course of its business and all depictions, derivations and representations graphics,
and the ‘look and feel’ of all of the above, (d) all information, data or material in whatever form,
whether tangible or
not, provided by the Company to the User during the course of Applicable Agreement; and (e) all
patterns, compilations, processes, inventions, practices, methodology, techniques, improvement, utility
procedures, designs, skills, technical information, notes, experimental results, service techniques,
specifications of the products or services, labeling specifications, rights on software, and any other
know-how of any nature whatsoever.
“KYC” or “Know Your Customer” shall mean the process prescribed under
the Applicable Law to collect and authenticate the User’s personal or business
identification details before offering the Services to the User.
“Services” shall mean the services provided by InstantPay and various Service
Providers to the Users utilizing the InstantPay
Platform including but not limited to banking services, non-banking services and other such services..
“Service Provider” shall mean any banking and/or non-banking entity with which
InstantPay has, directly
executed an agreement for facilitating Transactions between such entity and its Customers.
“Users” shall mean and include individuals or corporate entities who are accessing &
availing InstantPay services through
InstantPay platform either directly or indirectly.
1. GENERAL TERMS AND CONDITIONS
These General Terms and Conditions govern the User’s access to the Services provided by InstantPay:
INFORMATION SUPPLIED TO INSTANTPAY. Users agree that the
information provided by the Users to InstantPay on registration and at all other times, including
payment, is true, accurate, current, and complete.
SECURITY OF ACCOUNT. Users’ mobile number and email identifies a
Users’ account with InstantPay through which InstantPay services are
dispensed (“Account”). InstantPay encourages Users to choose a strong password to
protect their Account.
It is advised
that Users do not share their password with anyone or write it down. Neither InstantPay nor its Service
any circumstances, will ever ask for a User's Account password or any other confidential information. If
a User has any
reason to believe that his Account is no longer secure, then the User shall immediately change the
Account password and
indemnify InstantPay from any liabilities that may arise from the misuse of such User’s Account.
All information collected from a User pursuant
to provision of InstantPay’s services during the performance of these
RECLAIMING INACTIVE ACCOUNTS. If an Account is found to be
inactive, the Account may be reclaimed by InstantPay without providing notice to the
concerned User. An Account is considered as inactive if the concerned User is not signing in and/or has
not done any
transactions for more than 6 consecutive months.
THIRD PARTY SITES, PRODUCTS AND SERVICES. InstantPay’s services
and/or the Site may include links or references to other web sites or services solely for the
Users’ convenience (“Reference Sites”). InstantPay does not endorse any such Reference
Sites or the
materials, products, or services contained on or accessible through Reference Sites. Correspondence or
between Users and concerned Reference Sites are solely between such User and the concerned Reference
Site. Access and
use of Reference Sites, including the information, materials, products, and services on or available
Sites is solely at the concerned User’s own risk.
The User hereby accepts that:
InstantPay may send transactional or non-transactional business communication in the form of SMS or
Email or Push
notifications as part of its efforts to fulfil the User’s request or service your account. A User
may continue to
receive all such communication from InstantPay even after opting out of marketing communications.
InstantPay will make the best efforts to provide notifications and it shall be deemed that the User
shall have received
the information sent from the Company during the course of, or in relation
to, using the InstantPay Platform or availing any Services. InstantPay shall not be under any
obligation to confirm the
authenticity of the person(s) receiving the alert. The User cannot hold the Company liable for
non-availability of any
notification service in any manner whatsoever.
LIMITATION OF LIABILITY.
In no event will InstantPay or its directors, agents, officers, or employees be liable to a User for any
indirect, incidental, consequential, punitive, or exemplary damages (including without limitation lost
opportunities, lost revenues, or loss of anticipated profits or any other pecuniary or non-pecuniary
loss or damage of
agreement entered by
a User with InstantPay, (ii) InstantPay’s services, the Site or any Reference site, or (iii) User’s use
or inability to
use InstantPay’s services, the Site or any Reference Sites, even if InstantPay or a InstantPay
has advised of the possibility of such damages, (iv) unauthorized access to or alterations of
transmissions or data, any
material or data sent or received or not sent or received, (v) any transactions entered into by any
third person or
conduct of any other third party or any infringement of another’s rights, (vi) the use of counterfeit or
or stolen devices, or (vii) fraudulent electronic transactions. It shall be at the sole discretion of
reverse any transaction subject to approval of the concerned Service Provider. Notwithstanding the
above, if any court
of law finds that InstantPay or its directors, officers, or employees, are liable to indemnify a
concerned User despite
the existence of this Clause 1.7, such liability shall not exceed the amount paid by the concerned User,
if any, for
using the portion of the InstantPay’s services or the Site giving rise to the cause of action. Users
agree that InstantPay has offered its products and services, set its prices, and entered into these
Applicable Agreement in reliance upon the warranty, disclaimers, and the limitations of liability set
Users acknowledge that the warranty, disclaimers, and the limitations of liability set forth herein
reflect a reasonable
and fair allocation of risk between Users and InstantPay, and that the warranty, disclaimers, and the
liability set forth herein form an essential basis of the bargain between Users and InstantPay.
InstantPay would not be
able to provide the services to Users on an economically reasonable basis without these limitations.
If InstantPay is intimated, by the bank, that a Customer has reported an unauthorized
debit/chargeback of the Customer’s
Payment Instrument (“Fraudulent Transaction”), User shall be notified by the InstantPay. The User
shall be entitled to
furnish documents and information pertaining to the Transaction associated with the Chargeback
within five (5) days (or
such other period specified by the bank). The User agrees and acknowledges that (i) if the User is
unable to furnish
Chargeback Documents (ii) the bank is not satisfied with the Chargeback documents furnished by the
User, then the bank
shall be entitled to order the InstantPay to effect a reversal of the debit of the Chargeback Amount
associated with the
Chargeback such that the said chargeback amount is credited to the Customer’s Payment Instrument.
InstantPay shall also
be entitled to suspend the settlement of the amount under dispute or hold the value of transaction
under dispute from
the following settlement of the transaction during the pendency of inquiries, investigations and
resolution thereof by
the Service Providers to the User.
Pursuant to clause 1.8 (i) above, if the amount in respect of the Fraudulent Transaction has already
been settled to the
User, any dispute arising in relation to the said Fraudulent Transaction, shall be resolved in
accordance with the RBI’s
notifications, circulars and guidelines issued in this regard from time to time.
The User also agrees and acknowledges that it is liable to pay fines, penalties and charges imposed
by the Banks, card
payment networks or any regulatory authority on account of Transactions that are in violation of
The User further agrees and acknowledges that following InstantPay incurring the charge stipulated
in clause 1.8(iii),
if the available Transaction Amounts are insufficient for deduction of the Chargeback Amount, then
entitled to issue a debit note seeking reimbursement of the Chargeback Amount from the User. The
User shall reimburse
the Chargeback Amount within three (3) working days of receipt of the debit note.
The Parties hereto agree that any payment instructions for Transactions accepted by the User as per
the terms hereof
which are subsequently disputed due to (a) the authorization by the User of any Transaction with an
amount exceeding the
User’s account balance or credit limit, or (b) the authorization by the User of a fraudulent
Transaction, shall always
be the liability and responsibility of User.
The User hereby acknowledges and agrees that InstantPay is a facilitator for payment processing
services which are
requested and authorized by Users and InstantPay shall not be responsible for any unauthorized
transaction done by any
person including third party and amounting to infringement of another’s rights or any chargebacks
claimed by the
Customers. It will be the responsibility of Users to ensure due protection while transacting online
InstantPay will assist the Users in settling any queries related to the Services that arise between
the Users, and its
Customers. However, InstantPay shall bear no responsibility with respect to the dispute or query
related to payment made
by the Customers to the Users.
SECURITY OF YOUR ACCOUNT.
The User shall comply with the provisions contained in the Information Technology Act, 2000 and the
framed there under, from time to time, in so far as the same has application to its operations in
accordance with these
may be enacted from
time to time, pertaining to data security and management, data storage, sharing and data protection,
and various rules,
regulation and provisions as may be applicable, as and when the same is enacted into a law and comes
into force, and
shall ensure the same level of compliance by all its employees.
The User confirms and certifies that it shall not engage in any act that violate any laws and
regulations. It shall also
ensure that the financial data or any other information of the Customers received by the User are
stored in a system
only in India. This data shall include full end to end transaction details/information
part of the message/payment instructions.
USER’S REPRESENTATIONS AND WARRANTIES.
The User represents and warrants that:
it shall immediately intimate InstantPay of any violation or potential violation of these Terms of
Use or of other
circumstances that may cause damage to the goodwill and reputation of InstantPay,
it shall be responsible to obtain any and all consents and approvals that are required from
regulatory or governmental
authorities, including any consent from Customers required to transfer data to the User and/or the
as the case may be, in accordance with Applicable Law,
All costs associated with purchasing of software licenses and hardware (if any) are to be absolutely
borne by the User,
having jurisdiction in any manner whatsoever in connection with discharge of its duties under the
including but not limited to data protection, security, piracy, and directions issued by the Reserve
Bank of India
relating to payment data, and shall obtain and maintain in full force and effect all registrations
Applicable Law for the operation of the business in terms of the Applicable Agreement, and
it shall not access (or attempt to access) the website and the Products by any means other than
through the interface
that is provided by InstantPay. It shall not use any deep-link, page scrape, robot, spider or other
program, algorithm or methodology, or any similar or equivalent manual process, to access, acquire,
copy or monitor any
portion of the InstantPay Platform, or in any way reproduce or circumvent the navigational structure
or presentation of
the platform, without InstantPay’s express prior written consent.
it shall not attempt to gain unauthorized access to any portion or feature of the Platform, or any
other systems or
networks connected to the Platform or to any server, computer, network, or to any of the services
offered on or through
the Platform, by hacking, password "mining" or any other illegitimate means.
(A) User agrees to indemnify, save, and hold InstantPay, its affiliates, contractors, employees,
agents and its third-party suppliers, licensors, and partners harmless from any and all claims, demands,
which may be threatened or brought against InstantPay, and also against all losses, damages,
liabilities, costs, charges
and expenses, including without limitation, legal fees and expenses arising out of or related to:
Users’ use or misuse of InstantPay’s services or of the Site/application,
any claim or legal notice or quasi-legal proceedings to which InstantPay may be required to become
party or to which
InstantPay may be subjected by any person including any governmental authority, by reason of breach
of any Applicable
due to failure of a User to obtain any required statutory or regulatory approval necessary for the
performance of its
obligations in the Applicable Agreement with InstantPay,
all liability, claims, damages, costs, expenses suffered or incurred by InstantPay as a result of
any act or violation
by User under Section 269ST of the Income Tax Act, 1961 while acting as collection agent of the
InstantPay reserves the right, at User’s expense, to assume the exclusive defense and control of any
rights to settle, for which concerned User is required to indemnify InstantPay. The User agrees to
InstantPay’s defense and settlement of these claims. InstantPay will use reasonable efforts to
notify concerned the User
of any claim, action, or proceeding brought by a third party that is subject to the foregoing
becoming aware of it.
To the fullest extent permissible pursuant to Applicable Law, InstantPay and its officers, directors,
agents disclaim all warranties, express or implied, including, but not limited to, implied warranties of
merchantability, fitness for a particular purpose, and non-infringement of proprietary rights. No advice
whether oral or written, obtained by a User from InstantPay or through InstantPay’s services or the Site
will create any
warranty not expressly stated herein. InstantPay does not authorize anyone to make any warranty on its
behalf and Users
should not rely on any such statement. Users acknowledge that InstantPay is a reseller and is not liable
third-party seller’s obligations. It is User’s responsibility to evaluate the accuracy, completeness and
all opinions, advice, merchandise and other information
provided through the Site or on the internet generally. InstantPay does not warrant that its services
uninterrupted, or free of errors, viruses or other harmful components, and that any of the foregoing
defects will be
corrected. InstantPay’s services and the Site and any data, information, third party software, Reference
Software made available in conjunction with or through its services and the Site are provided on an “as
is” and “as
available”, “with all faults” basis and without warranties or representations of any kind either express
InstantPay and its third-party suppliers, licensors, and partners do not warrant or make any
the use or the results of the use of InstantPay’s services, the Site or any Reference Sites in terms of
accuracy, reliability, or otherwise.
InstantPay’s services and the Site are owned and operated by
InstantPay and/or third-party licensors. The visual
interfaces, graphics, design, compilation, information, computer code (including source code and
object code), products,
software, services, and all other elements of InstantPay’s services and the Site provided by
“Materials”) are protected by Applicable Law. As between User and InstantPay, all Materials and
Intellectual Property are the property of InstantPay and/or third-party licensors or suppliers. User
agrees not to
remove, obscure, or alter InstantPay or any third party's copyright, patent, trademark, or other
notices affixed to or contained within or accessed in conjunction with or through InstantPay’s
services. Except as
expressly authorized by InstantPay, the User agrees not to sell, license, distribute, copy, modify,
publicly perform or
display, transmit, publish, edit, adapt, create derivative works from, or otherwise make
unauthorized use of the
Materials or InstantPay’s Intellectual Property. Parties do not accrue any rights or interest in the
Intellectual Property and use of any Intellectual Property by either User or InstantPay shall be
strictly in for the
fulfillment of and in compliance with the terms of the agreement between such User and InstantPay.
that they shall not, nor will they allow others to, reverse engineer or disassemble any parts of the
Intellectual Property. If Users’ have comments regarding InstantPay's services and the Site or ideas
on how to improve
it, please contact our Helpdesk. Please note that by doing so, concerned User hereby irrevocably
assign to InstantPay,
and shall assign to InstantPay, all right, title and interest in and to all ideas and suggestions
and any and all
worldwide intellectual property rights associated therewith. The concerned User agrees to perform
such acts and execute
such documents as may be reasonably necessary to perfect the foregoing rights.
The User undertakes that:
they shall use the Intellectual Property solely for discharge of
their duties under the Applicable Agreement,
they shall use Intellectual Property of other party only in the form
and manner stipulated by such other party,
they shall seek prior written consent from other party for use of such party’s Intellectual
Property which is not
previously provided for by such Party,
they shall bring to other party’s notice all cases concerning such party’s Intellectual
Property’s (a) infringement, (b)
passing off, (c) registration, or (d) attempted registration,
they shall render to other party all assistance in connection with any matter pertaining to the
protection of such
party’s Intellectual Property whether in courts, before administrative agencies, or otherwise,
they shall refrain from taking any action which shall or may impair other party’s right, title
or interest in the
Intellectual Property, or create any right, title or interest therein or thereto, adverse to
that of the other party,
they shall not use or permit to be used the Intellectual Property by any unauthorized person,
they shall not misuse the Intellectual Property or use it together with any other mark or marks.
The User shall keep Confidential Information as confidential. The User confirms that it shall
Information with such security, confidentiality and degree of utmost care as it would prudently
apply to its own
confidential information and use it solely in connection with the transaction to which the
relates. The User acknowledges and agrees that it is aware of the sensitivity & secrecy involved in
keeping the customer
data/information and transaction records and shall ensure that neither the User nor their employees,
directors etc. will
do any act to violate the same. Notwithstanding anything contained in this Clause 1.15, Confidential
exclude any information:
which is already in the possession of the receiving Party and not subject to any other duty of
that is at the date hereof, or subsequently becomes, public otherwise than by reason of a breach
by the receiving Party
Information that becomes legally available to the receiving Party and/or its affiliates or
professional advisors on a
non-confidential basis from any third party, the disclosure of which does not, to the knowledge
of that Party, violate
any contractual or legal obligation which such third party has to the other Party with respect
to such information, and
Information that is independently acquired or developed by the receiving Party and/or its
affiliates or professional
The User hereby agrees that it shall not disclose any Confidential Information received by it
without the prior written
consent of the Company to any third party at any time. Provided however, that either Party may
make the following
disclosures for which no consent shall be required from the other Party:
Disclosures to its directors, officers, employees, affiliates/subsidiaries/group/holding
companies, third party service
providers and any employees thereof that it reasonable determines need to receive the
Disclosures to its legal and other professional advisers, instructed by it that it reasonably
determines need to receive
the Confidential Information; or
Disclosures to any person to whom it is required by law or any applicable regulatory,
supervisory, judicial or
governmental order, to disclose such information, or at the request of any regulatory or
supervisory or judicial or
GOVERNING LAW .
regard to its
conflict of law provisions and the exclusive jurisdiction of competent courts in New Delhi, India.
FORCE MAJEURE .
failure is due to causes beyond its reasonable control. In the event of a force majeure, the Company if
perform shall notify the User in writing of the events creating the force majeure and the performance
obligations of the
Company will be extended by a period of time equal to the length of the delay caused by force majeure;
provided that if
any such delay exceeds ninety days, then following such ninety day period, either Party hereto may
orders or restrictions, war or warlike conditions, hostilities, sanctions, mobilizations, blockades,
detentions, revolutions, riots, looting, strikes, stoppages of labor, lockouts or other labor troubles,
fires or accidents and epidemics.
required, and the
remaining provisions will remain valid and enforceable.
User, but may be
assigned by InstantPay without restriction. Any assignment attempted to be made in violation of this
provision shall be
void and of no effect.
HEADINGS. The heading references herein are for convenience purposes only, do not constitute
of these Terms of
Use, and will not be deemed to limit or affect any of the provisions hereof.
NOTICE. InstantPay may provide Users with notices and communications by email, regular mail,
or posts on the InstantPay website,
www.instantpay.in or by any other reasonable means. Except as otherwise set forth herein, notice to
InstantPay must be
sent by courier or registered post to the Legal Department, InstantPay India Limited, 1st Floor,
Cooperative Industrial Estate, New Delhi- 110044, India.
WAIVER. The failure of InstantPay to exercise or enforce any right or provision of these
Use will not
will be effective only
if in writing and signed by InstantPay.
create a joint
venture, pooling arrangement, partnership, agency or formal business organization of any kind.
InstantPay and the User
shall be independent contractors with each other for all purposes at all times and neither Party
shall act as or hold
itself out as an agent or representative of the other Party nor shall create or attempt to create
liabilities for the
other Party by acting or holding itself out as such.
Any complaint, dispute, grievance can be addressed to InstantPay through its Customer Service in
accordance with its
InstantPay India Limited (“InstantPay”, “we”, “us”, “our”), respects every
right to privacy and it is our endeavour to protect their personal and Sensitive personal data or
information (defined below).
Account with InstantPay) and users (i.e. those who have an Account with InstantPay) (collectively
to as “User”) who share their personal and Sensitive personal data with us, while
visiting, accessing, browsing and using our website and mobile application (collectively referred to as
“Website”). The purpose of this Policy is to inform Users regarding collection, use,
storage, transfer and disclosure of their data. Before submitting any information to us, please
read this Policy to understand how we shall treat your information.
continuous use of the Website constitutes the User’s unconditional consent to this Policy read together
use our Website. This Policy can be easily accessed at various places on our Website, including but not
limited to when Users create an account with us on our Website.
InstantPay reserves its right to modify, alter, and update this Policy at any time, with or without
notice. Although, Users shall be notified of material changes through their registered email address or
any other mode of communication available with us, it is advised that they consult this Policy regularly
to be updated about the changes. If a User continues to use or avail the services of the Website after
modification, amendment, alteration or change of this Policy, irrespective of whether notice was sent to
the User or published on the Website, such User is hereby deemed to provide consent to this Policy and
InstantPay’s other Policies and practices existing at the time of visiting, accessing and/or using the
This Policy is published in compliance of:
Section 43A of the Information Technology Act, 2000
Regulation 4 of the Information Technology (Reasonable Security
Practices and Procedures and Sensitive Personal Information) Rules, 2011 (“SPI
SPI Rules define “Personal Information” as any information that relates to a natural person,
either directly or indirectly, in combination with other information available or likely to be
available with a body corporate, is capable of identifying such person. Such information includes
name, address, mobile number, etc.
Sensitive personal data or information
SPI Rules define “Sensitive personal data or information” of a person as personal information
consists of information relating to:
financial information such as bank accounts or credit card or
card or other payment instrument details;
physical, physiological and mental health condition;
medical records and history;
any of the information received under above clauses by body
corporate for processing or storage under lawful contract or otherwise.
“Payment Data” is defined as end-to-end transaction details and information pertaining to payment
or settlement transaction that is gathered / transmitted / processed as part of a payment message /
instruction. Payment Data includes - Customer data (Name, Mobile Number, email, Aadhaar Number, PAN
number, etc. as applicable); Payment sensitive data (customer and beneficiary account details);
Payment Credentials (OTP, PIN, Passwords, etc.); and, Transaction data (originating & destination
system information, transaction reference, timestamp, amount, etc.).
Consent for collection of Personal Information
Users provide their consent to the use, disclosure, storage, possession, receiving, dealing or handling
of their Personal Information by accessing, browsing, or availing services on the Website.
In accordance with Rule 5 of SPI Rules, Users provide their specific consent to the use, disclosure,
storage, possession, receiving, dealing or handling of their Sensitive personal data or information for
lawful purposes enumerated in this policy through checking the box affirming such consent appearing at
time of creation of their Account on the Website.
InstantPay presumes adequate and lawful parental consent in case the Personal Information or Sensitive
personal data or information is shared by a User under the age of 18 years.
Types of information we collect
The Users who access and use our Website are required to submit certain Personal Information and
Sensitive personal data or information for creating an Account, entering into transactions with us and
obtaining customer support services. Personal Information and Sensitive personal data or information
may be collected by us includes:
full name and age;
username and password;
password of User’s account registered with us;
internet protocol (IP) addresses (through cookies);
URL of website accessed prior to and post Users’ accessing our
credit/debit card number, credit/debit card expiration date and/or
other payment instrument details;
User’s feedback, queries, e-mails, letters, suggestions provided to
third party information about concerned User’s activities or postings
on the Website;
any other information relevant for accessing and using our Website as
maybe required by us.
Purpose of collection
We shall collect your Personal Information or Sensitive personal data or information only for specific,
clear and lawful purposes. These include:
to give the User a safe, efficient, smooth and personalised
while using our Website;
to improve our services and products;
to respond to your queries or complaints generally related to our
to send promotional emails containing information about our existing
and new products/services, newsletters, notify changes in this Policy or other policies etc;
to analyse the traffic on our Website and conduct market research
regarding users’ demographics, interests, and behaviour;
to create new products and services;
to provide customer support services;
to detect, prevent and address error, fraud, criminal activity, abuse
of our services and technical issues;
to enforce Terms of Conditions;
to provide co-branded services in affiliation with more than one
other such lawful purposes as described at the time of collection of
Personal Information or Sensitive personal data or information.
How information is collected
We collect information which the User voluntarily provides us at the time of visiting, accessing,
browsing and using our Website, our social media profiles, and customer support service. We also collect
data automatically by analysing your online behaviour (through cookies).
The User has an option to not provide us with certain information or withdraw consent to provide
information at any time, in accordance with the terms of this Policy. In case consent is withdrawn, we
shall retain your Personal Information or Sensitive personal data or information for a period deemed
appropriate by us or as mandated by law. On revoking of your consent, we reserve the right to limit
to the various features and services provided on the Website.
Disclosure of information
You expressly consent to and authorize us to share your Personal Information and Sensitive personal
or information with our trusted affiliates and any other third party, to the extent and for the lawful
purposes as stated in this Policy. We shall not disclose any Personal Information or Sensitive personal
data or information to any government institution or authority, except where such disclosure is (i)
obligated by law, (ii) requested by a lawfully authorized government authority, (iii) pursuant to a
judicial decree, (iv) for enforcing and protecting the legal rights of InstantPay or others’, (v) for
seeking any relief, (vi) for defending any charge, (vii) for opposing any claim, (viii) for enforcing
share or transfer your Personal Information or Sensitive personal data or information to a third party
to any change in ownership, merger, restructuring or sale of our business assets.
To improve the effectiveness and usability of the Website for our Users, we use “cookies”, or similar
technology to collect information and assign each visitor a unique random number called as a User
Identification (User ID) in order to understand the User's individual interests. Our web servers
automatically collect limited information about the User’s computer connection to the Internet,
User’s IP address, when the User visits the Website (User’s IP address is a number that lets computers
connected to the internet know where to send data to the User such as the web pages viewed by the User).
Users may encounter “cookies” or other similar devices on certain pages of the Website that are placed
liability associated thereto.
Links to other websites
The Website provides links to other websites which may or may not collect information about the User.
User acknowledges that this Policy does not cover the collection and use of information by such sites
that we shall not be responsible for the privacy policies, practices or content of the linked websites.
Correction and updation of information
The User shall promptly notify us in case any Personal Information or Sensitive personal data or
information supplied by such User as maintained in our records is inaccurate, misleading or incomplete.
Further, the User may also review, update or modify the information by logging into their Account on the
Website. We shall not be responsible for the authenticity of Personal Information or Sensitive personal
data or information supplied by a User.
Retention of information
Your Personal Information and Sensitive personal data or information may be retained and used until:
the relevant purposes for the use of your information described in this Policy are no longer applicable;
and (ii) we are no longer required by applicable law, regulations, contractual obligations or legitimate
business purposes to retain your information; and (iii) the retention of your information is not
for the establishment, exercise or defense of any legal claim.
InstantPay may send direct mailers to the User at the email address given by the User. The User has the
option to opt-out of this direct mailer by way of links provided at the bottom of each mailer or any
means as InstantPay deems appropriate. InstantPay respects every User’s privacy and in the event that
chooses to not receive such mailers, InstantPay will take all steps to remove the User from the list. If
User wants to remove his/her/it’s contact information from all mailing lists and newsletters, the same
be done through “Profile” page of his/her/it’s account with InstantPay.
We use third-party advertising companies to serve ads when you visit our Website. These companies may
your anonymized information (i.e. information which does not include your name, address, email address
mobile number) in order to provide advertisements about goods and services of interest to you. Such
anonymized information is usually in the form of aggregated statistics on traffic to various pages
In compliance with Reserve Bank of India’s circular RBI/2017-18/153
dated April 6, 2018, all Users, including system participants, service providers, intermediaries,
gateways, third party vendors and other entities in the payments ecosystem, who are retained or engaged
InstantPay for providing payment services shall mandatorily store entire Payment Data in systems located
only in India. Notwithstanding the above, for cross border transaction data, consisting of a foreign
component and a domestic component, a copy of the domestic component may also be stored abroad, if
How we secure the information
The Website has put stringent security measures necessary to prevent misuse, unauthorised access,
modification, disclosure or destruction of your Personal Information and Sensitive personal data or
information in our control. All information collected by us is stored on servers secured behind a
firewall; such servers are password-protected and access is strictly limited based on need-to-know
We may undertake periodic review of our security safeguards and this Policy to incorporate such future
changes as may be appropriate to ensure that integrity of your Personal Information and Sensitive
data or information is intact. In case of any security breach which is likely to cause harm to the User,
we shall notify the User of such breach as soon as practicable and take necessary measures to remedy the
breach or mitigate any immediate harm.
If you seek any clarifications regarding this Policy or wish to raise any issue or grievance with
to illegal access, use or disclosure of Personal Information, please e-mail at email@example.com
We shall attempt to resolve any issues within a period of thirty (30) days from the date of receipt of
the question, concern, grievance or report.
InstantPay believes that excellence in customer service is an important imperative for sustained
business growth. As a
service organization, customer service and customer satisfaction are our prime focus. Our goal is to
ensure that our
customers receive exemplary service across all our touch points. This policy encompasses a
redressal mechanism and a framework for addressing customer grievances/complaints.
InstantPay will treat the customers in a transparent and fair manner, and will deal with customer
courtesy and in a timely manner.
Redressal Mechanism for grievances:
The customer can contact the below mentioned two levels for effective resolution of their
||Less than 24 hours
||24x7 Customer Service
||Less than 48 hours
||Manager - Customer Service
If customer’s issue is not resolved even after contacting the above complaint
in the timelines
mentioned above or the customer is not satisfied with the response, the Complaint may be escalated
the Nodal officer
||Less than 72 hours
Report a Fraud:
In case of any fraudulent or unauthorised transaction the customer can directly report to
firstname.lastname@example.org or can call
the helpline no. 011-40849944.
T&Cs - Prepaid Cards
These Terms and Conditions (hereinafter referred to as “T&Cs” or Terms) in
addition to the General
Terms and Conditions
as set out above are applicable to the usage of the “InstantPay Prepaid Cards”. We
would like you to
read these T&Cs
thoroughly prior to the usage of the InstantPay Prepaid Card as these Terms are legally binding. The
Card is issued by InstantPay India Limited, a company incorporated under the laws of India, with its
at A-24/9, Mohan Co-operative Industrial Estate, New Delhi - 110044 (“InstantPay”)
with its banking
Prepaid Payment Instrument (“PPI”): PPIs
(“Prepaid Card” or
“Account” or “Wallet”) are payment instruments that
facilitate purchase of goods and services, including financial services, remittance facilities
etc. against the value
stored on such instruments.
Know your Customer (“KYC”): KYC shall mean Know
guidelines adopted by the Bank for the purpose of
identification and verification of the Customer, pursuant to the guidelines, circular and
notifications, issued by the
Reserve Bank of India, from time to time.
Personal Identification Number (“PIN”): PIN is a
numeric password which is part of the kit handed over to the customer
by the bank while issuing the PPI.
Holder or Customer: Individuals or organizations
obtain or purchase these PPIs and use the same for purchase of goods and services,
including financial services, remittance facilities etc. against the value stored on such
Obligation of the Customer who purchases Prepaid Payment
Prepaid Instrument (PPI) shall be issued to a Customer at the sole discretion of the Bank post
complying with “Know Your
InstantPay shall levy a fee for issuance/usage of the PPI as per Schedule of Charges communicated
by InstantPay to the
Customer from time to time on its website.
The Bank shall issue a PIN to the Customer wherever applicable for operating the PPI. The Customer
shall take reasonable
precaution to prevent misuse of the PIN. The Customer shall be solely responsible for any
consequences arising directly
or indirectly out of the disclosure of the PIN and/or unauthorized use of PPI as a result of any
misuse for want of
reasonable care and precaution. The Customer disclaims liability of InstantPay or the Bank for any
unauthorized use of
PPI and for any loss or damage incurred directly or indirectly as a result of such misuse.
The Customer shall be responsible for the safe custody of the PPI. In case of loss or theft or
misuse of the PPI, the
Customer shall immediately block the PPI from the InstantPay web or mobile application or inform
any of the
branch/customer service of the Bank. The Customer shall be responsible and liable for all
unauthorized transactions till
the time the customer reports the unauthorized transaction to the Bank. A new PPI shall be issued
to the Customer, in
lieu of lost/stolen one upon request placed through the InstantPay web or mobile application and
payment of applicable
fee as per the Schedule of Charges.
The PPI can be used at any of the ATMs for permitted transactions depending on the type and
features of the PPI. The
charge slip dispensed by the ATM during usage of the PPI shall not be construed as an evidence of
the transaction. The
records of transactions maintained by the Bank shall be conclusive and binding for all purposes.
The Bank shall not pay any interest on the balance outstanding in the PPI at any point in time.
The Bank will intimate the Customer through a SMS or Email on the registered mobile number, 45
days prior to expiry of
validity period of the PPI. Customer needs to utilize the balance amount prior to expiry of the
instrument. In case
Customer does not utilize the balance amount within the validity period, the Customer can approach
the bank for refund
or transfer of outstanding balance. In case the Customer does not approach the bank within a
specified period as
prescribed by the regulator, the outstanding balance will be transferred to a fund in compliance
with the regulatory
Any claim for compensation made by the customer shall be settled purely as per the provisions of
the Compensation Policy
of the Bank.
All card holders will be covered under Customer liability policy of the Bank. For more details on
policy please refer to the respective Bank’s website.
: The Customer hereto shall keep strictly confidential all
but not limited to that
which may be disclosed or confided to it by the other in the course of the performance of the
Information”) under these T&Cs. The Customer shall not disclose Confidential Information to any
third party without
prior approval of the Bank and InstantPay. This clause shall survive the termination of PPI.
Information may not be
considered as Confidential Information is the same is:
Already in public domain;
Required to be disclosed by the Customer under any laws, rules or regulations or pursuant to the
order or direction, of
any Court, authority, tribunal or forum.
Change in information: The Customer shall always inform InstantPay or the Bank of any
change in the
address. Further, the Customer shall also inform InstantPay or the Bank about any change in the
details such as name,
mobile number or email address.
Prohibition against assignment: The functions, rights or obligations under these T&Cs
shall not be
assigned or delegated
to any party or person by the Customer without the express prior written consent of the Bank. Any
or delegation is a contravention of the terms under this T&Cs’ and shall be null and void.
Suspension or Termination or Cancellation or Discontinuance of the PPI
: Bank may, if
it is satisfied
that it is
necessary to do so, at any time and on such conditions as it thinks fit, suspend or deny or terminate
the PPI under the
In the event of the Customer being declared insolvent or in the event the Bank receives any
notice/intimation about the
death of the Customer;
In the event of the Customer committing breach of any of the terms, conditions, stipulations or
its obligations under
In the event of any restriction imposed on the Customer by an order issued by any regulatory
authority or a Court in
India or by any investigating agency.
Indemnity: The Customer shall indemnify and keep the Bank, its directors,
officers, employees and agents indemnified of,
from and against any cost, expenses, charges, which the Bank is required to incur or has incurred to
defend any such
claim, suit, demand, prosecution, proceedings, due to any act of omission or commission, fraud,
negligence or default on
the part of the Customer as a holder of the Prepaid Instrument.
Force Majeure: Notwithstanding anything contained herein, Bank shall not be liable to
the Customer for any harm, loss,
damage or injury caused due to causes beyond its control such as tide, storm, cyclone, flood,
fire, blast, explosion or any other act of God, war, rebellion, revolution, insurrection, embargo or
riot, civil commotion, labor action or unrest including strike, lock-out or boycott, interruption or
failure of any
utility service, enemy action, criminal conspiracy, act of terrorism or vandalism, sabotage, hacking,
technological or natural interference or intrusion, loss or damage to satellites, loss of satellite
linkage or any other
data communications linkage, loss of connectivity or any other irresistible force or compulsion.
Service of Notice: Any notice or communication required to be given under these T&Cs
shall not be
binding unless the
same is in writing and shall have been served by hand delivery against acknowledgement or by
registered post at the
Registered Office address of respective bank (in case a notice is to be served to the bank) and to
address recorded with
the bank in case notice is to be served to the Customer.
Grievance Redressal: Any complaint, dispute, grievance can be addressed to InstantPay
respective Bank through its
Customer Service in accordance with the Grievance Redressal Policy of the entity to which the
is being raised.
Governing Language: All deeds, documents and writings that may be executed and all
may be exchanged
between the Customer and the bank hereto in relation to the subject matter of this T&Cs shall be in
which shall be the governing language between the Customer the bank hereto.
Changes to “T&Cs”: The Bank and InstantPay reserves the right, in its sole and
absolute discretion to
modify, vary, or supplement any of the T&Cs at any time and will endeavor to give prior notice of
seven days for such
changes. Please refer to the exhaustive T&Cs displayed on the website of the respective Bank for the
comprehensive applicable terms and conditions.
T&Cs - Digi Kendra
1. DIGI KENDRA TERMS AND CONDITIONS
InstantPay India Limited (“InstantPay”) is a neo-banking platform delivering full-stack banking
services to individuals and businesses. InstantPay is authorised by multiple banks to act as a
Corporate Business Correspondent (“CBC”) and appoint Agent Business Correspondents (“ABC”) to deliver
mainstream financial and citizen services to Customers under the guidelines issued by RBI vide
RBI/2010-11/217 DBOD. No. BL.BC.43/22.01.009/2010-11 dated September 28, 2010, and the
constraints therein, with such further changes as may be initiated by the RBI respectively from time
“Digi Kendra(s)” shall mean and include the Users registered on the InstantPay
Platform who are authorised by InstantPay
and the Bank to operate as ABC(s) under the above-mentioned guidelines for providing banking and
envisaged in these Digi Kendra Terms and Conditions.
Subject to the compliance of applicable regulations and basis the representations and the
affirmations given by the Digi
Kendra about it having the requisite capability to provide the services further and to carry out
activities as mutually agreed to between the Digi Kendra and the Company, the Digi Kendra is desirous
the sale of services of the Bank(s).
These Digi Kendra Terms and Conditions (“Digi Kendra Terms and Conditions”) as set out below are in
addition to the
Terms and Conditions as set out above and are applicable to all the Digi Kendras registered on the
DIGI KENDRA OBLIGATIONS AND DUTIES
The Digi Kendra shall only
undertake the activities in accordance with all the applicable Terms, relevant regulations
and standard operating procedures issued by the Bank or the Regulators from time to time.
The Digi Kendra shall take an appropriate insurance policy in order to protect itself from any
financial and non-financial risks.
The Digi Kendra shall operate at its own cost as may be required by the Company or the Bank to
effectively deliver the
services to the Customers.
The Digi Kendra shall ensure that any additional resource(s) engaged by the Digi Kendra, subject
to prior written
approval from the Company, are selected through a process found suitable by the Company for
providing the services in a
timely and efficient manner.
The Digi Kendra shall be solely responsible for compliance with all applicable labour laws in
relation to the personnel
it employs along with the associated costs. InstantPay will not have any right, obligation or
to control, supervise or manage the Digi Kendra’s employees, agents or independent contractors.
The Digi Kendra may utilize any third-party software other than the Software for providing the
Services only after prior
written permission of the Company. The Digi Kendra shall ensure that such third-party Software is
procured and installed. It shall ensure that the use of third-party Software shall not affect or
The Digi Kendra shall act prudently in accordance with these Terms and Conditions and shall
exercise all due diligence
in carrying out its duties and obligations under these Terms and Conditions. The Digi Kendra
agrees that they will
preserve the data in accordance with the legal/regulatory obligations of the Company and as
required under various
circulars, guidelines, notifications etc. issued by the Bank or other regulatory authorities.
The Digi Kendra shall not exercise any lien or right to set-off or appropriation on any of the
documents, instruments or material belonging to the Company and/or the Customers and/or
non-Customers in the custody of
the Digi Kendra for any amount due or claimed to be due by the Digi Kendra from the Bank.
The Digi Kendra shall promptly provide the details provided by the Company indicating the charges
(if any) for the
Services rendered to each and every Customer. The Digi Kendra shall ensure that the charges for
offering Services are
clearly communicated to the Customer prior to rendering the services.
The Digi Kendra shall not charge any fee from the Customer either directly or indirectly or on
behalf of the Company
over and above the fee specified by the Company from time to time.
The Digi Kendra undertakes to perform the Services in accordance with the instructions provided by
the Company from time
The Digi Kendra undertakes that any software or hardware used by the Digi Kendra shall comply with
standards and will be updated regularly.
The Digi Kendra shall immediately notify the Company of any breach of security and leakage of
In such eventualities, the Digi Kendra shall be liable for all the damages and repercussions.
The Digi Kendra shall familiarize itself with the Grievance Policy
Company; the Digi Kendra
this policy to each and every Customer and shall notify the Company within the specified time
period of any
claims/complaints/grievances made by the Customers.
The Digi Kendra undertakes that any Customer information taken shall be strictly protected as per
the Terms and
Conditions and the Digi Kendra would not source any other personal sensitive information from the
In no event shall the Digi Kendra indulge or enter into any financial transaction with any of the
associates, agents and/or personnel. InstantPay shall not be liable for any damages, losses
(direct or indirect)
whatsoever caused to the Digi Kendra arising out of such transactions.
The Digi Kendra shall treat all the Customers with dignity and respect and shall not resort to any
kind of intimidation
or harassment, either verbal or physical against any person.
If any legal proceeding is instituted by any Customer, the Digi Kendra shall immediately intimate
the same to the
Company and provide all documents and information to enable the Company to take appropriate
action. The Company shall
not be liable for any dispute arising between the Digi Kendra and any other entity / third party.
The Digi Kendra shall
not make any representation to the Customers or otherwise give any warranties other than those
contained in the standard
terms and conditions laid down by the Company.
InstantPay shall from time to time authorise certain Digi Kendras for cash management activities
and to further extend
the reach of banking services to the Customers for greater financial inclusion. Such Digi Kendras
Collect and/or dispense cash at other Digi Kendra outlets in the assigned territory to ensure
uninterrupted delivery of
banking and citizen services to the Customers as per the mutually agreed terms.
Confirms that it assumes all the risks associated with cash logistics and shall take an
appropriate insurance policy in
order to protect itself from any business impediments, financial and non-financial risks.
Be solely responsible for providing genuine currency to all the Digi Kendras and hence to the
Customers towards the
Transactions performed and the Company shall not assume any responsibility in this regard.
Ensure that the credit or debit against the cash collected or dispensed to the other Digi
Kendra(s) happens on an
immediate basis at the time of handing over the cash.
The payment mechanism for settlement of the fee payable by the Digi Kendra or the Company as
applicable shall be as
The Company shall make available to the Digi Kendra a report in electronic form setting forth the
relating to each Transaction: The Transaction amount, date and time of the Transaction,
Transaction serial number,
Service Provider identification and response code ("MIS"). The MIS shall be made available to the
Digi Kendra via an
online portal. The format and controls on the portal and process will be as provided by the
Company and as updated from
time to time.
The Digi Kendra shall maintain sufficient credit/balance with the Company so as to enable each
Transaction to be carried
out smoothly. The Company reserves the right to decline any Transactions done over and above the
balance of Digi Kendra
available with the Company.
The Digi Kendra hereto agrees that any payment instructions for Transactions accepted by the Digi
Kendra as per the
terms hereof which are subsequently disputed due to (a) the authorization by the Digi Kendra of
any Transaction with an
amount exceeding the Digi Kendra’s account balance or credit limit, or (b) the authorization by
the Digi Kendra of a
fraudulent Transaction, shall always be the liability and responsibility of Digi Kendra.
The Digi Kendra hereby acknowledges and agrees that InstantPay is a facilitator for payment
processing services which
are requested and authorized by Digi Kendra and InstantPay shall not be responsible for any
done by any person including third party and amounting to infringement of another’s rights or any
chargebacks claimed by
the Customers. It will be the responsibility of Digi Kendra to ensure due protection while
transacting online or
otherwise. InstantPay will assist the Digi Kendra in settling any queries related to the Services
that arise between the
Digi Kendra and its Customers and any other Digi Kendra. However, InstantPay shall bear no
responsibility with respect
to the dispute or query related to the payment made by the Customers to the Digi Kendra.
On the receipt of the Chargeback from the customer, Digi Kendra shall be notified by the Company.
The Digi Kendra shall
be entitled to furnish documents and information pertaining to the Transaction associated with the
Chargeback within one
(1) working day or such other period as specified by the bank whichever is higher. The Digi Kendra
acknowledges that (i) if the Digi Kendra is unable to furnish Chargeback Documents (ii) the bank
is not satisfied with
the Chargeback documents furnished by the Digi Kendra, then the bank shall be entitled to order
the InstantPay to affect
a reversal of the debit of the Chargeback Amount associated with the Chargeback such that the said
chargeback amount is
credited to the Customer’s Payment Instrument.
DATA SECURITY AND STORAGE
The Digi Kendra shall comply with the provisions contained in the Information Technology Act, 2000
and the statutory
rules framed thereunder, from time to time, in so far as the same has applied to its operations in
accordance with all
these Terms and Conditions, and also with all other Laws, rules and regulations, whether already
in force or which may
be enacted from time to time, pertaining to data security and management, data storage, sharing
and data protection, and
various rules, regulation and provisions as may be applicable, as and when the same is enacted
into law and comes into
force, and shall ensure the same level of compliance by all its employees.
The Digi Kendra confirms and certifies that it will never engage in any acts that violate any laws
and regulations. It
shall also ensure that the financial data or any other information of the Customers received by
the Digi Kendra are
stored in a system only in India. This data shall include a full end to end transaction
collected/carried/processed as part of the message/payment instructions.
The Digi Kendra agrees that InstantPay, in its sole discretion, for any or no reason, and without
penalty, may suspend
or terminate the account (or any part thereof) or the use of the InstantPay Platform. InstantPay
may also in its sole
discretion and at any time discontinue providing access to the InstantPay Services, or any part
thereof, with or without
notice. Digi Kendra agrees that any termination of the access to the InstantPay platform may be
effected without prior
notice, and Digi Kendra agrees that InstantPay shall not be liable to the Digi Kendra or any third
party for any such
termination or interruption. Any suspected fraudulent, abusive or illegal activity may be referred
to appropriate law
enforcement authorities. These remedies are in addition to any other remedies InstantPay may have
at law or in equity.
Upon termination for any reason, Digi Kendra agrees to immediately stop using the InstantPay
Services and Platform.