Auto Debit definition

Auto Debit has the meaning provided in Section 2.2(c).

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Auto Debit means a service whereby a user instructs TNGD via the Touch ‘n Go eWallet requesting and/or authorizing TNGD to collect payment(s) in varying amounts (subject to the discretion and limits of TNGD) from his or her Touch ‘n Go eWallet and thereafter all relevant payment(s) will be

Auto Debit means and include Direct Debit and/or ECS Debit and/or NACH Debit as applied for by the Client in the Application.

Examples of Auto Debit in a sentence

• In case NACH Auto Debit is not successful for any reason and EMI has not been debited for 4 days post EMI Due date, Customer shall pay the EMI directly to designated repayment account via UPI/NetBanking/Debit Card via logging in to his GQ portal 13 Penal Interest 2% p.m. on delay of Principal / Interest / Charges 14 Pre-Payment Charges Zero Charges - conditional upon the entire outstanding loan amount being repaid to the Lender.

• You have the right to withdraw the ECS /Auto Debit mandate by giving Us at least 15 days’ notice before the due date of next premium due under the Policy The term ECS / Auto Debit herein shall be governed by the Electronic Clearing Service (Debit) Procedural Guidelines issued by the Reserve Bank of India (as may be amended from time to time) and shall mean an electronic facility for effecting periodic insurance premium payment transactions in an automated manner.

• You are eligible for availing the ECS / Auto Debit payment facility for your premium payments under this Policy.

• This facility can be opted for automatic premium payment under this Policy for such premium paying term as availed by you under this Policy by submitting a duly signed ECS / Auto Debit mandate form.

• Refusal to provide the requested information will prevent the DFMWR from enrolling the patron in Auto Debit for scheduled payments.

More Definitions of Auto Debit

Auto Debit means an automatic payment method whereby We are allowed to auto debit Premiums directly from bank account or credit/ debit card;

Auto Debit means the recurring payments which the Cardholder makes via the Debit Card for payment of insurances/takaful, bills and/or other services that the Bank may provide and/or introduce from time to time. “Bank” means either Alliance Bank Malaysia Berhad or Alliance Islamic Bank Berhad and includes its successors

Auto Debit means a service whereby a user instructs TNGD via the Touch ‘n Go eWallet requesting and/or authorizing TNGD to collect payment(s) in varying amounts (subject to the discretion and limits of TNGD) from his or her Touch ‘n Go eWallet and thereafter all relevant payment(s) will be deducted automatically (without TNGD having to seek additional authorization from that User) from that User’s Account or other funding methods “linked” to such Account to be paid to the relevant merchant(s)

Auto Debit means electronic debit of Credit Card payment dues to your specified account in a specified manner i.e., Total Amount Due or Minimum Amount Due as the case may be.

Auto Debit means electronic debit of Credit Card payment dues to the specified account of the Card Member in a specified manner i.e., Total Amount Due or Minimum Amount Due as the case may be.

Auto Debit means debit of money from the Customer Bank Account through National Automatic Clearing House (NACH) platform of NPCI (as defined herein below);

Auto Debit means an automatic payment method whereby You allow Us to debit Premiums directly from Your bank account or credit/ debit card;