PRIMARY TERMS AND CONDITIONS FOR PAYLATER BY ICICI BANK.

Please click here to read the most Important Terms & Conditions (MITC)

I. Definitions:
 “Applicable Law(s)”, means the applicable statute, law, rule, regulation,
ordinance, judgement, order, decree, authorisation, or any published directive,
guideline, notice, requirement or governmental restriction, having the force of law
in any jurisdiction, including amendments made from time to time
 “Available Transaction Limit”, means the credit limit available on PayLater by ICICI
Bank, post deduction of the utilised limit from the Transaction Limit
 Billing Statements: All PayLater Customers shall be billed on a monthly basis for
all purchases made by using the ICICI PayLater facility. The due amount, due date,
transaction details of the customers etc. is available in the billing statement. The
bill is sent to the registered email ID of the customer, post bill generation. It is also
available on Pockets, iMobile Pay and on the Retail Internet Banking Platform.
 “Business Day”, means a day other than: (i) Saturday and Sunday, (ii) a day on
which the Banks in Mumbai/New-Delhi/Noida and /or RBI are closed for
business/clearing
 “Customer’s Parent PayLater Account”, means a PayLater Account created for the
Customers for making online payments
 “Debit Card”, means any Debit Card of any bank, powered by MasterCard or Visa
or any other card scheme
 “Electronic Payments”, means any mode of electronic payment, such as UPI, IMPS,
and NEFT etc.
 "EMI" or "Equated Monthly Instalment", means the amount payable, every month,
by the PayLater Customer to ICICI Bank with respect to the Facility, and comprises
of the principal amount of the Facility and interest thereon
 “EMI Accounts”, means the sub-accounts created under the Customer’s Parent
PayLater Account for those transactions for which EMI facility is availed by the
PayLater Customer
 "Merchant/Vendor", means any such Merchant or Vendor (and its successors and
permitted assigns) who offers products/services and is approved by ICICI Bank to
accept payment for transactions made using PayLater by ICICI Bank as a
payment mode
 "MITC", means the Most Important Terms and Conditions governing ICICI Bank’s
PayLater, a copy of which is provided by ICICI Bank to the customer and is
available at https://www.icicibank.com/Personal-Banking/cards/digital-credit-
card/mitc-paylater-tnc.page/ICICI Bank platform
 “Net Banking”, means an online Banking facility provided by various banks
 “PayLater by ICICI Bank”, means PayLater under which the credit facility is
provided by ICICI Bank to the PayLater Customer(s), which enables the PayLater
Customer(s) to make payments for purchases made on the ICICI Bank Platform
and repay such facility/loan/amount, within a specified time period, with or
without interest, as per the terms and conditions agreed between the PayLater
Customer(s) and ICICI Bank
 Credit Bureau(s): means independent third party institutions that collects
financial data regarding loans, credit cards and more about individuals and
shares it with its members such as Banks, and Non-Banking Financial
institutions in the form of a credit report.
  Pockets: an ICICI Bank virtual semi closed prepaid instrument available on
mobile application. It can also be used for viewing PayLater due payment
details, transactions, pay dues etc.
 iMobile Pay: It is an ICICI Bank’s official mobile banking application and offers
banking services of the Bank. It can also be used for viewing PayLater due
payment details, transactions, pay dues etc.
 Retail internet banking: It means Internet banking services of ICICI Bank that are
offered to ICICI bank’s customers. It can also be used for viewing PayLater due
payment details, transactions, pay dues etc.
 "Payment Due Date", means the date on which the amount due for the purchases
incurred by the usage of PayLater by ICICI Bank on the ICICI Bank Platform should
be paid
 “ICICI Bank Platform”, means the website, and/or ICICI Bank mobile application,
website or ICICI Bank Retail Internet Banking
 “PayLater Customer(s)”, means such eligible customer(s) to whom ICICI Bank has
agreed to extend PayLater by ICICI Bank, which includes customers who do not
have any existing relationship with the Bank
 "Primary Terms and Conditions", means the terms and conditions governing
PayLater by ICICI Bank issued by ICICI Bank, as is available
at https://www.icicibank.com/Personal-Banking/cards/digital-credit-card/tnc-
paylater.page/ICICI Bank Platform
 “Sanctioned PayLater Account Limit”, means the maximum limit sanctioned in the
Parent PayLater Account. The sum of limits of all individual EMI Accounts can
never be greater than the sanctioned PayLater Account limit
 “Tenure”, means the time for which the PayLater facility is made available by ICICI
Bank, including any subsequent renewals, unless revoked or cancelled
 “Terms and Conditions”, means and includes Primary Terms and Conditions, the
Most Important Terms and Conditions and any additional terms and conditions
specified by ICICI Bank, which governs PayLater by ICICI Bank
 “Transaction Limit”, means the credit facility limit, up to Rs <1> lakh (INR
<1,00,000>), only sanctioned to PayLater Customers, on the basis of the eligibility
criteria laid down by ICICI Bank, for making purchases on ICICI Bank’s Platform
 “Total Amount Due”, means and includes the outstanding amount of PayLater by
ICICI Bank, all fees, costs, charges, expenses and all other sums, whatsoever
payable by the PayLater Customers to ICICI Bank, in accordance with the terms
herein
 “Savings Account”, means interest bearing Deposit Account held by the PayLater
Customers with ICICI Bank.

These Primary Terms and Conditions shall mean the terms and conditions for PayLater
by ICICI Bank.

II. GENERAL
 PayLater by ICICI Bank shall be provided to the PayLater Customers, at the sole
discretion of ICICI Bank, in accordance with the Applicable Laws and shall be
subject to the fulfilment of the Terms and Conditions and any such other terms,
as may be stipulated by ICICI Bank, from time to time
 By accepting these Terms and Conditions, the PayLater Customers shall permit
ICICI Bank to conduct Credit Bureau checks and/or share their data with Credit
Bureaus. ICICI Bank reserves the right to ascertain the credit worthiness of
 PayLater Customers by obtaining the Credit Bureau report and such other reports,
as may deem necessary. PayLater by ICICI Bank is available to the PayLater
Customers, only to shop from the ICICI Bank Platform and is non-transferable
 PayLater Customers shall act in good faith at all times, in relation to all dealings
with PayLater by ICICI Bank
 PayLater Customers agree to be vigilant regarding the payment transactions
done through PayLater by ICICI Bank sanctioned to him/her, and shall intimate
ICICI Bank of any misuse, fraud or theft, as soon as the same is discovered by
her/him
 PayLater Customers shall keep ICICI Bank updated on their communication
address, loss of handset, breach of protected information like PIN, User name,
Password etc.
 The EMI value displayed at the time of creating a transaction shall be approximate
and the actual EMI amount mentioned in the PayLater Statement/iMobile Pay may
vary
 The EMI Account shall be created under the credit limit set for the Customer in the
Customer’s Parent PayLater Account.

III. Issuance and usage:

 PayLater customers shall choose to apply for PayLater by ICICI Bank only through
the Platform. Platform means Retail Internet Banking, iMobile Pay app and other
interfaces of ICICI Bank and of Merchants or third party partners selected by ICICI
Bank. PayLater by ICICI Bank shall be extended to only such PayLater Customers
who are found to be eligible, as per the criteria and assessment of ICICI Bank.
PayLater Customers shall utilise the transaction limit under PayLater by ICICI
Bank to make INR purchases, only
 ICICI Bank has the sole discretion to renew, revise, reduce and increase the Limit
extended to the PayLater Customers.

IV. Payment and repayment

 All PayLater Customers will be billed on a monthly basis for all purchases made
by using PayLater by ICICI Bank
 The Billing Statement as generated by ICICI Bank will be available on the
Platform
 PayLater Customers shall repay the Total Amount Due by the Payment Due Date,
through Pockets Wallet, Debit Card, Internet Banking and/or any Electronic
Payment mode on the ICICI Bank Platform
 For transactions where the PayLater Customer has availed the EMI facility, an
Auto Debit for EMI Account would be set up in the Savings Account, which has
been registered with the Customers Current PayLater Account
 In the event that the Total Amount Due is not paid within the Payment Due Date,
the same shall be construed as a default by the PayLater Customer and he/she
shall become liable to pay the amount together with an additional interest and
late payment charges, as specified in the next month’s Account Statement. Such
additional interest will be computed from the Payment Due Date, subject to
revision from time to time
 In the event of non- payment, ICICI Bank, in addition to levying additional interest
and other charges, shall block PayLater by ICICI Bank till such time that the
outstanding amounts are paid in full
  The PayLater Customers shall bear the Goods and Services Tax and any other
statutory levies, as may be applicable from time to time.

VI. EVENT OF DEFAULT

The following acts, as set out below, shall constitute an ‘Event of Default’ by the PayLater
Customer:
 Payment Default: Default in making payment of the Total Amount
Due, as payable under PayLater by ICICI Bank
 Breach of Terms: Breach of any terms and conditions,
representations, warranties, covenants or occurrence of any fraud,
misrepresentation or failure to submit any material information
 Bankruptcy or Insolvency: PayLater Customer becomes bankrupt or
insolvent, or voluntarily or involuntarily becomes the subject of
proceedings under any Bankruptcy or Insolvency Law
 Illegality: It is or becomes unlawful for the PayLater Customers to
perform any of its respective obligations
 Death of the PayLater Customer
 The existence of any other circumstances, which in the sole opinion
of ICICI Bank jeopardizes ICICI Bank's interest.
VIII. CONSEQUENCES/RIGHTS & REMEDIES OF ICICI BANK
i. Upon the occurrence of any event of default, as specified above, ICICI Bank shall
be entitled to exercise rights and remedies available to it under the Terms and
Conditions
ii. On occurrence of any events of default, ICICI Bank may, by giving a notice to such
PayLater Customers:
o Terminate PayLater by ICICI Bank and call upon the PayLater Customer to
pay the Total Amount Due, immediately
o Suspend further access to PayLater by ICICI Bank or freeze the same
o ICICI Bank reserves the right to engage one or more persons to collect
PayLater Customers outstanding dues. ICICI Bank may furnish to such
person(s) such information, facts and figures pertaining to PayLater by
ICICI Bank of such PayLater Customer, as it may deem fit
o ICICI Bank reserves the right to call upon the successors/legal heirs of the
PayLater Customer to pay the Total Amount Due and any other charges in
full to ICICI Bank, in the event of the PayLater Customer’s death. ICICI Bank
shall have the same rights as against the legal heirs/successors of such
PayLater Customers.
iii. In addition to the above, ICICI Bank reserves the right to initiate legal proceedings
against such PayLater Customers.
IX. REPRESENTATIONS, WARRANTIES AND COVENANTS
 PayLater Customer, by applying for PayLater by ICICI Bank, hereby agrees to
abide by the Terms and Conditions, as mentioned herein, until such time that the
PayLater Customers uses PayLater by ICICI Bank
 PayLater Customer hereby agrees to have read, understood and accepted these
Terms and Conditions and are aware that these Terms and Conditions are also
available at https://www.icicibank.com/Personal-Banking/cards/digital-credit-
card/tnc-paylater.page
 PayLater Customer hereby agrees to avail PayLater by ICICI Bank on the
precondition that he/she will not use PayLater by ICICI Bank, or any part thereof,
 towards repayment of his ICICI Bank/any other bank’s Credit Card or for any other
purpose, except as mentioned under the Terms and Conditions
 PayLater Customer agrees that he/she has understood the method of calculation
of the additional interest and other charges, as levied in cases wherein the Total
Amount Due has not been paid by the Payment Due Date
 PayLater Customers agrees and confirms that ICICI Bank shall not be liable in any
manner to the PayLater Customers for failure or delay in providing PayLater by
ICICI Bank
 All information provided by the PayLater Customer to ICICI Bank are true and
correct and shall promptly notify ICICI Bank on the occurrence of any event and
of any information being untrue or incorrect
 PayLater Customers shall use PayLater by ICICI Bank only for the purchases made
on ICICI Bank’s Platform, from such Merchants/Vendors who have been
authorised by ICICI Bank to accept the payment through PayLater by ICICI Bank
 PayLater Customer shall promptly notify ICICI Bank of any action or steps taken,
or any legal, administrative or other proceedings started/threatened by or against
the PayLater Customer in any court of law
 PayLater Customer shall promptly and not later than <7> days from the
occurrence of such event, notify ICICI Bank in writing with full details of all or any
change/s of details or personal information.
X. RIGHT OF SET-OFF & LIEN
 ICICI Bank and its group companies shall have the paramount right of set-off and
lien, irrespective of any other lien or charges, present as well as future, on deposits
of any kind and nature held/balances lying in any other account(s) of the PayLater
Customers maintained with ICICI Bank and/or its group companies, whether in a
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 ICICI Bank and/or
its group companies (whether by way of security or otherwise pursuant to any
contract entered/to be entered into by the PayLater Customers in any capacity),
towards the satisfaction of the PayLater Customers liability. ICICI Bank and/or its
group companies are entitled without any notice to the PayLater Customers, to
settle any indebtedness whatsoever owed by the PayLater Customers to ICICI
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 in the balance of any account(s), held by the PayLater Customers
with ICICI 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. ICICI Bank and its group companies' rights, hereunder, shall
not be affected by the PayLater Customers’ bankruptcy, death or winding-up. It
shall be the PayLater Customer’s sole responsibility and liability to settle all
disputes/objections, with any such Joint Account holders
 In addition to the above mentioned right or any other right, which ICICI Bank and
its group companies may at any time be entitled, whether by operation of law,
contract or otherwise, ICICI Bank is authorised/will be entitled: (a) to combine or
consolidate at any time all or any of the accounts and liabilities of the PayLater
Customers with or to any ICICI Bank Branch and/or its group companies; (b) to
institute any judicial proceedings in case of non-payment of outstanding dues
from the PayLater Customers.
XI. REPAYMENT
 There will be three modes of repayment. PayLater Customers can avail an auto
debit facility, e- nach, and UPI mandate for repaying the Total Amount Due, under
PayLater by ICICI Bank. On availing the Auto Debit facility, the Bank Account of
such PayLater Customers will be debited for the Total Amount Due, as mentioned
in the Account Statement, on the Payment Due Date. In case the Payment Due
Date is not a business day, the Bank Account shall be debited on the next business
day. Customer can also pay through UPI, BBPS, NEFT, and linked savings account
via bank channels such as Pockets, iMobile Pay app, and retail internet banking
under Pay dues section. In the event the Bank Account does not have sufficient
funds on the Payment Due Date, the PayLater Customer shall be liable to pay all
the charges applicable, in addition to the Total Amount Due as generated in the
next month’s Account Statement. The PayLater Customer agrees and confirms
that all the particulars submitted to ICICI Bank by her/him for availing the Auto
Debit facility shall be correct and complete. ICICI Bank shall not be liable if the
Auto Debit transaction is delayed or not effected at all, for reasons of incomplete
or incorrect information, or for any reason whatsoever.

XII. CANCELLED TRANSACTIONS

 In the event of a cancellation of goods/services purchased through PayLater by
ICICI Bank, the PayLater Customer shall pay for the purchases made as it appears
in the Account Statement, as generated by ICICI Bank
 In the event of a cancellation request being made by a PayLater
Customer/Merchant/ICICI Bank, the amount for such a cancelled transaction shall
only be credited to the PayLater Customer’s PayLater by ICICI Bank Account, as
and when the same is received by ICICI Bank from the Merchants.

XIII. INDEMNITY
 PayLater Customer agrees to indemnify and hold ICICI Bank and its affiliates
harmless, from and against all losses, damages, costs, claims and expenses
whatsoever, which ICICI Bank may, at any time, incur, sustain, suffer, or is likely
to suffer in connection with or as a consequence of or by reason of providing
PayLater by ICICI Bank to the PayLater Customer. The PayLater Customer will
pay ICICI Bank and/or the affiliates such amount, as may be determined by ICICI
Bank and/or the Affiliates to be sufficient to indemnify it, against any such loss or
expenses
 Further, the PayLater Customer agrees, to indemnify, defend and hold harmless
ICICI Bank and its affiliates against any claim, suit, action or other proceedings
brought against ICICI Bank or its Affiliates by a third party, to the extent that such
claim, suit, action of other proceeding brought against ICICI Bank and its affiliates,
is based on or arises in connection with: a violation of the Terms contained herein;
any alterations or any unauthorised use of PayLater by ICICI Bank; any
misrepresentation or breach of representation, warranty or covenant made by the
PayLater Customer, as contained herein.

XIV. EXCLUSION OF LIABILITY

 In no event shall ICICI Bank be liable to the PayLater Customers for any special,
incidental, indirect, punitive or consequential damages whatsoever (including,
without limitation, damages of loss of goods or services, loss of business profits,
business interruption, loss of information, or any other pecuniary loss) arising out
 of the use of, or inability to use or access PayLater by ICICI Bank or for any security
breach or a virus, bug, unauthorised intervention, defect or technical
malfunctioning of ICICI Bank’s Platform and/or ICICI Bank’s systems, whether or
not foreseeable and whether or not ICICI Bank and/or ICICI Bank have been
advised of the possibility of such damages or based on any theory of liability,
including breach of contract or warranty, negligence or other tortious action and
any other claim arising out of or in connection with, your use of or access to
PayLater by ICICI Bank. Further, ICICI Bank shall not be liable to the PayLater
Customers for any temporary disablement, permanent discontinuance of the
services by ICICI Bank or for any consequences resulting from such actions
 Further, without prejudice to the remedies available to ICICI Bank under the Terms
and Conditions, ICICI Bank shall be under no liability whatsoever to the PayLater
Customers with respect to any loss or damage arising, directly or indirectly, out
of:
o any defect in any goods or services supplied
o delay in the delivery or non-receipt of goods or services purchased
o the refusal of any Merchant to honour or accept PayLater by ICICI Bank as
a mode of payment
o the malfunction of any computer terminal
o acts done by ICICI Bank on the instruction by any person impersonating as
a PayLater Customer
o the exercise by ICICI Bank of its right to terminate PayLater by ICICI Bank
o any injury to the credit character and reputation of the PayLater
Customers, alleged to have been caused by the closure of the PayLater by
ICICI Bank and/or the refusal of any Merchant/mail order establishment to
honour or accept the PayLater by ICICI Bank.
 ICICI Bank holds out no warranty or makes no representation about the quality,
delivery or otherwise of the goods or services
 Any dispute or claim arising in relation to the goods or services purchased by the
PayLater Customer must be resolved by ICICI Bank/Merchant. The existence of
the claim or dispute shall not relieve the PayLater Customer of his/her obligation
to pay the dues to ICICI Bank
 In the event, a demand or claim for settlement of the Total Amount Due from the
PayLater Customers is made, either by ICICI Bank or any person acting on behalf
of ICICI Bank, the PayLater Customers agree and acknowledge that such demand
or claim shall not amount to be an act of defamation or an act prejudicial to or
reflecting upon the character of the PayLater Customers, in any manner.
XV. TERMINATION
 PayLater Customers may discontinue/terminate PayLater by ICICI Bank by raising
a request on the ICICI Bank Platform. On raising a request for termination of
PayLater by ICICI Bank, PayLater Customers shall be liable to pay the Total
Amount Due and all such other charges, whether or not already reflected in the
Account Statement
 ICICI Bank may at any time, with or without notice, withdraw, terminate, and/or
suspend the PayLater by ICICI Bank at any time, or in the case of an event of
default.
XVI. NOTICES AND COMPLAINTS
All notices, requests, demands, waivers, complaints, queries and other communications,
required or permitted to be given hereunder, in relation to PayLater by ICICI Bank,
under the Terms and Conditions, shall be submitted to ICICI Bank, as per the Grievance
Redressal Mechanism accessible at
https://www.icicibank.com/complaints/complaints.page . Any other notices, requests,
demands, waivers, complaints, queries and other communications arising out of any
acts or omissions of the Merchants/Vendors to whom the payment was made using the
PayLater by ICICI Bank services, shall be resolved between the PayLater Customers
and such Merchant only, and ICICI Bank shall have no responsibility or liability
whatsoever in this regard. ICICI Bank shall be responsible for all service related issues
pertaining to PayLater as a facility. The PayLater customer care centre shall be
accessible to all PayLater Customers in case of any issues/disputes arising. ICICI Bank’s
dispute resolution policy in such matters shall be final and binding.
 Contact details of Customer Care Centres: All PayLater by ICICI Bank queries and
grievances shall be routed to Phone Banking, by contacting 1860 120 7777 and
e-mail address for level 1: customer.care@icicibank.com .
 Grievances Redressal/Complaints/Escalations: In the event that you are not
satisfied with our services, you may register your grievance by (i) visiting
“Complaint Form” at www.icicibank.com or (ii) calling our Customer Care number
or (iii) If you are unsatisfied with the responses you received after following the
first two levels of complaint mechanism, you may write further to Mr. Vinayak M.
More, Principal Nodal Officer. You may do so by mailing a physical ‘Complaint
Form’ or by sending an e-mail using the links below, writing to Mr. Vinayak More,
Nodal Officer, ICICI Bank Limited, ICICI Bank Phone Banking Centre, ICICI Bank
Tower, 7th floor, Survey no: 115/27, Plot no. 12, Nanakramguda, Serilingampally,
Hyderabad – 500032, India. In all your communications with us, please indicate
your registered mobile number
 Complete Postal Address of the Bank: ICICI Bank Limited, ICICI Bank Phone
Banking Centre, 7th floor, Survey no: 115/27, Plot no. 12, Nanakramguda,
Serilingampally, Hyderabad – 500032, India
 Toll-free Number for Grievance Redressal: In the event you are not satisfied with
our services, you may register your grievance by dialling our Toll-Free Number
1800 200 3344 between 09:00 a.m. to 06:00 p.m. from Monday to Friday, press 1
and then enter the Service Request Number (numeric digits only), which should
not be more than 2 months old.
 PayLater customers can go through the below link which describes the
compensation policy pertaining to PayLater
Board_Approved_Compensation_Policy.pdf (icicibank.com)

XVII. DISCLAIMER
 The products, services and offers, referred to herein, are subject to the terms and
conditions governing them as specified by ICICI Bank/third party from time to
time, and are offered at the sole discretion of ICICI Bank/third party. Nothing,
contained herein, shall constitute or be deemed to constitute an advice, invitation
or solicitation to purchase of any products/services of ICICI Bank/third party. ICICI
Bank makes no representation about the quality, delivery, usefulness or otherwise
of the goods/services offered by the third party
 ICICI Bank may, at its sole discretion, utilise the services of external service
provider/s or agent/s. Misuse of any intellectual property or any other content,
displayed herein, is strictly prohibited.
XVIII. DISCLOSURE
 ICICI Bank shall be absolutely entitled to disclose any information relating to the
PayLater Customer (including personal information), details in relation to loans,
 defaults, obligations, to any governmental/regulatory/statutory body, or private
agency/entity, Credit Bureau(s), ICICI Bank’s other
branches/subsidiaries/affiliates/group companies, service providers, other
banks/financial institutions and/or any third parties, through a written or oral
communication, including paper publication (with or without photographs), or as
required under the Applicable Law, for KYC information verification, credit risk
analysis and/or for continuing to provide various products and services to the
PayLater Customer. In this connection, the PayLater Customer waives privity of
contract. CIBIL and/or any other agency so authorised, may use and/or process
the above said information and data disclosed by ICICI Bank, in any manner as
deemed fit by them.
 The PayLater Customer hereby gives specific consent to ICICI Bank for
submitting/disclosing the ‘financial information’ as defined in Section 3(13) of the
Insolvency and Bankruptcy Code, 2016 (IBC), with respect to the PayLater facility
by ICICI Bank availed by the PayLater Customer, from time to time, to “Information
Utilities” as defined in Section 3(21) of the IBC. The PayLater Customer agrees
and undertakes that it shall promptly authenticate ‘financial information’
submitted by ICICI Bank, as and when requested by the Information Utilities.
 In case the PayLater Customer commits any default in payment or repayment of
the principal amount of PayLater by ICICI Bank or interest/charges due thereon,
ICICI Bank and/or the RBI will have an unqualified right to disclose or publish the
details of such default, along with the name of the PayLater Customer as
defaulters in such manner and through such media as ICICI Bank and/or RBI may,
in their absolute discretion, think fit.
 The PayLater Customer authorises ICICI Bank, its group companies and their
agents to exchange, share or part with all the information and details relating to
my/our existing loans and/or repayment history to other ICICI group companies,
banks, financial institutions, Credit Bureaus, agencies, statutory bodies etc. as
may be required or as they may deem fit and shall not hold ICICI Bank (or any of
its group companies or its/their/agents/ representatives) liable for use/sharing of
this information
 I, unconditionally and irrevocably, authorise (i) ICICI Bank, (ii) its group companies,
(iii) its agents and/or (iv) its representatives, to: collect, access, store, use, share,
exchange and process all information and records (including personal
information) received (from me and/or external sources), while facilitating
PayLater by ICICI Bank, for (i) providing PayLater by ICICI Bank, (ii) analysis, (iii)
credit scoring, verification and fraud detection, (iv) carrying out marketing and
promotional activities; through any mode (including without limitation through
telephone calls/SMSs/e-mails/ WhatsApp) to me/us.
󠄀 Yes
󠄀 No
󠄀 Others (please specify your choice)
(Please tick Yes, No, or others as acceptable);

XIX. MISCELLANEOUS
 ICICI Bank may, at its sole discretion, amend or supplement the Terms and Conditions
(due to regulatory/statutory reasons or otherwise) and/or features or benefit offered
on the Facility, at any time, and may notify the Borrower of any such
revisions/changes in any manner, digital or otherwise, as it may deem appropriate.
 The Borrower agrees to be bound by such revisions/changes unless the Facility is
repaid/cancelled before the date, on which the revisions/changes are made

 ICICI Bank may assign, in whole or in part, the benefits or obligations of these Terms
and Conditions to its Affiliates or any other company, for the reasons, including but
not limited to, pursuant to restructuring or re-organisation or demerger of its
organisation or operations causing a change in management, or any other reason
whatsoever

 The PayLater Customers shall not assign, in whole or in part, the benefits or
obligations of this PayLater facility by ICICI Bank, if issued to her/him

 No delay or omission by ICICI Bank in exercising any of its rights, powers or remedies,
under the Transaction Documents, shall impair the rights, powers or remedies or be
construed as its waiver or consent by ICICI Bank

 Notwithstanding any suspension or termination of PayLater by ICICI Bank, all rights

and remedies of ICICI Bank, as per the Terms and Conditions, shall continue to survive
until the receipt of the Total Amount Due and any other charges in full to the
satisfaction of ICICI Bank

 Any provision hereunder, which is prohibited or unenforceable in any jurisdiction,

shall as to such jurisdiction, be ineffective to the extent of the prohibition or
unenforceability, but that shall not invalidate the remaining provisions of the Terms
and Conditions or affect such provision, in any other jurisdiction

 Details of the additional interest, late payment charges, goods and services tax and
other statutory levies applicable on PayLater by ICICI Bank, shall be as per the Billing
Statement generated by ICICI Bank. Details of all other charges shall be as per the
MITC

 The competent courts in Mumbai shall have exclusive jurisdiction to deal with any
dispute that may arise out of the Terms and Conditions or with respect to PayLater
by ICICI Bank. The existence of a dispute, if any, shall not constitute a claim against
ICICI Bank

 The Terms and Conditions governing PayLater by ICICI Bank shall be in addition to
and not in substitution or derogation to the MITC

 In the event of any disagreement or dispute between ICICI Bank and the PayLater
Customer regarding the materiality of any matter, the opinion of ICICI Bank shall be
final and binding on the PayLater Customer.

XX. ACCEPTANCE
 The PayLater Customer hereby agrees and accepts the Terms and Conditions by
affixing his/her signature (physical/electronic/digital) on the Terms and Conditions,
and accepts that the Terms and Conditions constitute the binding agreement
between the PayLater Customer and ICICI Bank in connection with the Facility.
OR
 The PayLater Customer hereby expressly acknowledges and confirms that the
PayLater Customer has read, verified, understood and accepted the Terms and
Conditions online by ticking/clicking the "I agree"/ “Agree”/ “Agree” and Proceed” or
"I agree and accept" or any similar icon/tab/option online, as well as by entering the
One-Time Password ("OTP") received in the PayLater Customer’s registered mobile
number.