Payment Instruments definition
Payment Instruments or “PI(s)” means any instrument/instruction, electronic or in writing, for transfer of funds as may be notified by the RBI and shall include, without limitation, post-dated cheques, inchoate cheques, instructions for direct debit from a bank account, a message for transfer of funds sent electronically, physically or through an image of instrument for transfer of funds sent electronically, an electronic file containing the details of the funds transfer sent by electronic media, payment through an electronic truncated cheque, various types of plastic cards, electronic clearing system (ECS), National Automated Clearing House (NACH), demand draft or such other instrument / instruction / clearing service as may be notified by RBI from time to time for transfer of funds and acceptable to the Lender.
Payment Instruments means a device or personalised set of procedures agreed between you and us and used to initiate a payment transaction.
Payment Instruments means any personalized device(s) and/or set of procedures agreed between the Client as payment service user and Bank as the payment service provider and used by the Client in order to initiate an Order for payment.
Examples of Payment Instruments in a sentence
Depending on your location only certain Payment Instruments might be available for your use.
It is however clarified, that the mere hand over of the Payment Instruments will not discharge the Borrower from its primary obligation of ensuring that the Outstanding Amount due to the Lender on a particular Due Date are paid to the Lender on such Due Date.
You are allowed to create only one Profile for your own use, and we may limit the number of email addresses and Payment Instruments that are associated with your Profile.
More Definitions of Payment Instruments
Payment Instruments has the meaning specified in the definition of Assigned Claims.
Payment Instruments means cheques, drafts, money orders, credit, debit and stored- value cards, traveller’s cheque or any other instrument or device, tangible or intangible, by which a person can make payments or transmit money, but
Payment Instruments means any personalized device and/or set of procedures which may be used by the User in order to access the TFI Pay Online service and/or provide instructions to the Company in paper form. The Payment Instruments for the purpose of accessing TFI Pay Online are the User ID, the Password, the Security Token and any other Payment Instrument as may be defined by the Company from time to time.
Payment Instruments shall have the meaning assigned to such term in Clause 6.2 (Mode of Payment, Time, Place) below; “Post-Dated Cheques (PDCs)” shall mean the post-dated cheque(s) which may if so required by the Lender, be drawn by the Borrower in favour of the Lender, towards discharge of the EMIs, in the manner and upon the terms and conditions specified in Clause 6 (Mode of Payment, Time, Place) below;
Payment Instruments means any personalised device or procedure made available by us to the Account Holder(s) which will allow the Account Holder(s) execute a payment transaction on the Account e.g. online banking security devices;
Payment Instruments is applied after the Client has agreed to the conditions of the Supplement);
Payment Instruments means any personalized device(s), and/or set of procedures, agreed between the Customer and the Bank and used by the Customer to initiate a payment order, including cards, direct debit, means of distance communication, electronic money.