Nodal Bank Account definition

Nodal Bank Account means the internal bank account opened by the Bank in the name of the Client with the Bank in terms of which the VPA has been created for enabling UPI transactions
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Nodal Bank Account means a nodal bank account of One97 opened in accordance with the RBI regulations for pooling the funds collected from the Customers on behalf of the Entity through Paytm Platform [viz., Net Banking, Credit Card, Debit Card, Unified Payment Interface (UPI), IMPS (Immediate Payment Service), EMI, Paytm Postpaid, prepaid payment instruments such as Paytm Wallet, or such other mode of payments/features/services which shall be developed or added or deployed by One97 (including but not limited to Paytm Voucher, Paytm Cash, etc.), Participating Banks, Facility Providers or financial institutions, etc.] facilitating the transfer of these funds in final settlement to the Entity and other permitted payments after deduction of such service charges as per RBI Regulations notifications/ guidelines issued from time to time on online payments..
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Nodal Bank Account means the internal limited purpose current account opened and maintained by the Nodal Bank for the purposes specified in Recital E above, the details of which current account are more particularly set out in the Schedule hereunder written.
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Examples of Nodal Bank Account in a sentence

  • If the monies are directly credited by the Bank in the Nodal Bank Account, then in such case the current account of the Sub-Merchant registered with the Client shall be credited as per the instructions received from the Client from time to time.

  • EMD should be remitted through RTGS / NEFT to Nodal Bank Account without time lag, failing which the tender becomes disqualified.

  • FDRs shall be created only from ‘Up Streaming Client Nodal Bank Account (USCNBA)’.

  • BG terms and conditions should clearly mention the Upstreaming Client Nodal Bank Account (USCNBA) bank account number where the funds shall be credited in case of invocation by SB/CM.

  • EMD should be remitted through RTGS / NEFT to Nodal Bank Account without time lag, failing which the tender becomes disqualified or The EMD of 10% of the Reserve Price can also be paid by of a Demand Draft/Pay Order drawn in favour of The Karur Vysya Bank Ltd, Payable at Visakhapatnam along with Bid Form.

  • All relevant registers shall be duly attested by competent authority.The Nodal Office shall intimate IPPB its details such as name, address, contact number, email id, details of Nodal Bank Account in which the amount to be remitted monthly/annually by IPPB (electronically or otherwise).

  • EMD should be remitted through RTGS / NEFT to Nodal Bank Account without time lag, failing which the tender becomes disqualified or The EMD of 10% of the Reserve Price can also be paid by of a Demand Draft/Pay Order drawn in favor of The Karur Vysya Bank Ltd, Payable at Hyderabad along with Bid Form.

  • However, after a number of trials the CIC opted to close the SEO, as neither aim was met (see chapter 6).

  • The commune councils are elected by eligible commune citizens and are directly responsible to them.

  • EMD should be remitted through RTGS / NEFT to Nodal Bank Account without time lag, failing which the tender becomes disqualified or The EMD of 10% of the Reserve Price can also be paid by of a Demand Draft/Pay Order drawn in favour of The Karur Vysya Bank Ltd, Payable at Khammam along with Bid Form.


More Definitions of Nodal Bank Account

Nodal Bank Account means a nodal bank account in accordance with the RBI regulations for pooling the funds collected from the Customers on behalf of the Entity through Paytm Platform (viz., Net Banking, Credit Card, Debit Card, etc.) and facilitating the transfer of these funds in final settlement to the Entity and other permitted payments after deduction of such service charges as per RBI Regulations notifications/ guidelines issued from time to time on online payments.
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Related to Nodal Bank Account

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Sellers in a written notice to the Purchaser at least five Business Days before the Closing.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • L/C Bank means the Acceptable Bank providing a letter of credit pursuant to Section 5.3 of the Facility Lease.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Control Account means a Securities Account or Commodities Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodities Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Digital Banking (a) means our present and future online banking services which can be accessed through 365 Online, Business Online, Bank of Ireland Mobile Banking, and services available on www.bankofireland.com; and

  • Administration Account As defined in Section 7.02.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Deposit Account Control Agreement.