"Abhyudaya Co-operative Bank Ltd. Bank" refers to The Abhyudaya Co-operative Bank Ltd. Bank Limited, a Scheduled Cooperative Bank registered under the Maharashtra Co-operative Societies Act, 1960 and [licensed] as a bank under the Banking Regulation Act, 1949 and having its registered office at 1444, Shukrawar Peth, Thorale Bajirao Road,Pune - 411 002, Maharashtra, INDIA.

The information provided to the User through the Internet Banking is not updated continuously but at regular intervals. Consequently, any information supplied to the user through Internet Banking will pertain to the date and time when it was last updated and not as the date and time when it is supplied  or the date on which the internet is viewed by the User. ACBL Bank shall not be liable for any loss that the User may suffer by relying on or acting on such information.

ACBL Bank may keep its records of the transactions in any form it wishes. The ACBL Bank’s records, unless shown to be wrong, shall be evidence of User’s dealings with the ACBL Bank in connection with the Internet Banking. User agrees not to object to the admission of ACBL Bank’s records as evidence in any legal proceedings because such records are not originals, are not in writing or are documents produced by a computer. Where the User agrees to give the ACBL Bank an instruction or request a transaction through the Internet Banking the Terms will apply in addition to the existing terms in respect of your dealings with ACBL Bank either in respect of particular accounts or products or generally. In the event of inconsistency the Terms will apply.

Any request for any service, which is offered as a part of Internet Banking, shall be binding on the User as and when ACBL Bank receives such a request. If any request for a service is such that it cannot be given effect to unless it is followed up by requisite documentation on part of the User, ACBL Bank shall not be required to act on the request until it receives such documentation from the User.

Further, the User agrees, at its own expense, to indemnify, defend and hold harmless ACBL Bank, its directors and employees, representatives, agents, and its Affiliates against any claim, suit, action or other proceeding brought against ACBL Bank, its directors and employees, representatives, agents, and Affiliates by a third party, to the extent that such claim, suit, action of other proceeding brought against ACBL Bank, its directors and employees, representatives, agents, and Affiliates is based on or arises in connection with the user of Internet Banking with reference to:

1. a violation of the Terms contained herein by the User;
2. any deletions, additions, insertions or alterations to, or any unauthorized use of, Internet Banking by the User;
3. any misrepresentation or breach of representation or warranty made by the User contained herein; or
4.  any breach of any covenant or obligation to be performed by the User hereunder.

1. it will threaten the privacy of other individuals;
2. the information relates to anticipated legal obligations;
3. the information relates to anticipated legal proceedings;
4. the information would reveal ACBL Bank’s commercially sensitive decision making process
5. the law prevents ACBL Bank from disclosing the information

The clause headings herein are only for convenience and do not affect the meaning of the relative clause. ACBL Bank may sub-contract and employ agents to carry out any of its obligations under this contract. Internet Banking service would be available to the Users in certain cities only and during timings specified by ACBL Bank from time to time and transactions would be carried out on the same day or on the next working day depending upon the time of logging of the transaction. The User would have to ensure that the equipment used for availing of Internet Banking meets the criteria as may be specified by ACBL Bank from time to time. All costs incurred by the User including telecommunication costs to use the Internet Banking would be borne by the User.

As a tool to correct misunderstandings, the User understands, agrees and authorises ACBL Bank, at its discretion, and without further prior notice to the User, to monitor and record any or all telephone conversations or electronic communications between the user and ACBL Bank and any of its employees or agents.
These terms and conditions contain ACBL Bank's entire agreement (except as otherwise expressly provided herein) and supersede and replace any previously made proposals, representations, understandings and agreements, express or implied, either oral or in writing between the user and ACBL Bank for Internet Banking. The User acknowledges that it has not relied on any representation made by ACBL Bank or any of its employees or agents and has made its own independent assessment of Internet Banking. No third party will have any rights or claims under these terms and conditions.

1. ACBL Bank and its group companies, subsidiaries, if any,  shall have the paramount right of set-off and lien, irrespective of any other lien or charge, present as well as future on the deposits of any kind and nature (including fixed deposits) held/ balances lying in any accounts of the User/s, whether in single name or joint name(s) and on any monies, securities, bonds and all other assets, documents and properties held by/ under the control of ACBL Bank and/or its group companies (whether by way of security or otherwise pursuant to any contract entered/ to be entered into by the User/s in any capacity) to the extent of all outstanding dues, whatsoever, arising as a result of any of ACBL Bank's or its group companies’ services extended to and/or used by the User/s and/or as a result of any other facilities that may be granted by ACBL Bank and/or its group companies to the User/s. ACBL Bank and/ or its group companies are entitled without any notice to the User/s to settle any indebtedness whatsoever owed by the User/s to ACBL Bank and/or its group companies, (whether actual or contingent, or whether primary or collateral, or whether joint and/or several) hereunder or under any other document/ agreement, by adjusting, setting-off any deposit(s) and/or transferring monies lying to the balance of any account(s) held by the User/s with ACBL Bank and/or its group companies notwithstanding that the deposit(s)/ balances lying in such account(s) may not be expressed in the same currency as such indebtedness. ACBL Bank's and its group companies’ rights hereunder shall not be affected by the User/s’ bankruptcy, death or winding-up. It shall be the User/s’ sole responsibility and liability to settle all disputes/ objections with any such joint account holders.
   
2. In addition to the above mentioned right or any other right which ACBL Bank and its group companies may at any time be entitled whether by operation of law, contract or otherwise, the User authorises ACBL Bank: (a) to combine or consolidate at any time all or any of the accounts and liabilities of the User with or to any branch of ACBL Bank and/or its group companies; (b) to sell any of the User/s’ securities or properties held by ACBL Bank by way of public or private sale without having to institute any judicial proceeding whatsoever and retain/appropriate from the proceeds derived there from the total amounts outstanding to ACBL Bank and/or it group companies from the User/s, including costs and expenses in connection with such sale; and (c) in case of cross currency set-off, to convert an obligation in one currency to another currency at a rate determined at the sole discretion of ACBL Bank and/or its group companies.