Introduction:

The facility of Internet Banking is provided only as a convenience to the Customer and the Customer may avail the facility at his own risk. By having an Account with the Bank and/or using of this facility the Customer agrees unconditionally not to contest any transaction carried out or not carried out by the Bank, over Internet Banking, and shall accept the record of the transaction maintained by the Bank, without any demur or protest, and hold the Bank harmless and blameless against any loss, or consequences thereof, arising from any transaction carried out or not carried out over Internet Banking. Against the above background, the Customer can use any services provided by the Bank over Internet. In addition to conditions and features as mentioned elsewhere in the Terms & Conditions, some of the additional conditions and features and the basis on which the Services, are offered by the Bank over Internet are given below:

Definitions:

In this document the following words and phrases have the meaning set opposite them unless the context indicates otherwise.

- Bank refers to IOB, a body corporate constituted under Banking Companies (Acquisition and Transfer of Undertakings) Act 1970 having Central Office at 763, Anna Salai, Chennai-2, Tamil Nadu, India.

-‘E-See’ Banking is the trade name of the bank’s Internet Banking service which provides access to account information, products and other services as advised by the Bank from time to time to the Bank's customers through the Internet. E-See Banking, Electronic Banking, E-Banking and Internet Banking services/facility may be interchangeably used.

- Customer refers to any person who has an account with the Bank and who has been authorised by the bank to avail of the E-See banking facility or for any other services.

- Account refers to the Customer's Savings and / or Current Account and / or Fixed Deposit and / or any other type of account so designated by the Bank to be eligible account(s) for operations through the use of E-See banking.  An account in the name of a minor or an account in which a minor is a joint account holder, is not eligible to be an E-See banking account

- Personal information refers to the information about the Customer obtained in connection with E-See banking.

- Terms refer to Terms and conditions for use of E-See banking as specified in this document. In this document, all references to the Customer being referred in masculine gender will also include the feminine gender.

The technical terms shall be governed by the definitions given under the provisions of the Information Technology Act, 2000.

Applicability of Terms:

These Terms form the contract between the Customer and the Bank. By applying for E-See Banking and accessing the service the Customer acknowledges and accepts these Terms. These Terms will be in addition to the terms and conditions relating to any account of the customer, agreed by the customer at the time of account opening. In the event of any conflict between these terms and those agreed at the time of opening of such account, these terms will prevail.

Application for E-See banking:

The Bank may provide E-See banking to selected Customers at its discretion. The customer would need to be a current Internet user or should have access to the Internet and knowledge of how the Internet works. Application for E-See banking has to be made through the online registration. The acceptance of the registration does not automatically imply the acceptance of application for E-See Banking.

Software:

The Bank will advise from time to time the Internet software such as Browsers, which are required for E-See Banking. There will be no obligation on the Bank to support all the versions of the Internet software. The Customer shall upgrade his software, hardware and the operating system at his cost from time to time so as to be compatible with those of the Bank. The Bank shall be at liberty to change, vary or upgrade its software, hardware, operating systems etc from time to time and shall be under no obligation to support the software, hardware, operating systems of the customer. It shall be the sole responsibility of the customer/user to ensure support for the software/ hardware / operating systems, etc.

Where the customer operates from a country other than India, the customer is responsible for complying with the local laws of that country, including (but not limited to) obtaining any license.

The customer has to take appropriate measures at his cost  to protect his systems from the likes of hackers,  virus attacks, etc. Measures include installation of effective anti-virus scanners, firewalls, etc.

Proprietary rights:

The customer acknowledges that the software underlying the E-See banking service as well as other internet related software which are required for accessing E-See banking are the legal property of the respective vendors. The permission given by the bank to access E-See banking will not convey any proprietary or ownership rights in the above software to the customer / user.

The customer shall not attempt to modify, translate, disassemble, decompile or reverse engineer the software underlying E-See banking or create any derivative product based on the software

Internet Banking Service:

The Bank shall endeavor to provide to the Customer through Internet Banking such services as the Bank may decide from time to time. The bank reserves the right to decide the type of services which a customer may be offered through Internet Banking at its sole discretion. The availability/non-availability of a particular service shall be advised through e-mail or web page of the Bank or written communication.

The Bank shall take reasonable care to ensure the security of and prevent unauthorized access to the Internet Banking service using technology reasonably available to the Bank.

The Customer shall not himself use or permit others to use E-See Banking or any related service for any illegal or improper purpose.

the Bank through any means other than the Internet Banking Service.