Terms and Conditions

These terms and conditions (“Terms and Conditions”) apply to and regulate the operation of the fixed deposits, recurring deposits including but not limited to various variants of a fixeddeposit/recurring deposit offered by RVBM Golden Bricks Nidhi Ltd Limited (hereinafter referred to as the "Deposit" or“Fixed Deposit” or “FD” or “Recurring Deposit” or “RD”) and govern the general relationship (including, without limitation, all transactions relating to the operation and maintenance of the Deposit) between the Customer (defined below) and the relevant branch of RVBM Golden Bricks Nidhi Ltd Limited Limited (“RVBM Golden Bricks Nidhi Ltd Limited/Bank” having its registered office at: RVBM Golden Bricks Nidhi Ltd Limited Near Primary School No. 2, Ramala, Baraut, Bagpat, U.P. 250623) in India that maintains the Deposit offered by RVBM Golden Bricks Nidhi Ltd. These Terms and Conditions shall be in addition to any other terms as stipulated by RVBM Golden Bricks Nidhi Ltd from time to time on its Website (defined below) whether pertainingto the Deposit or in relation to other products, services or offers provided by RVBM Golden Bricks Nidhi Ltd Limited.
In case of inconsistency between the Terms and Conditions and any specific term and condition pertaining to a specific variant of the Deposit, the specific term and condition of thatparticular variant of the Deposit shall prevail.
Further, any Other Services (defined below) may be offered to the Customer at the discretionof RVBM Golden Bricks Nidhi Ltd Limited, or basis the eligibility criteria of a Customer, and on such other services specificterms and conditions may be applicable. In case of conflict, between any of these Terms andConditions and the abovementioned Other Services, specific terms and conditions of such other services shall prevail.

Terms and Conditions

I. Definitions:

  1. Applicant: Refers to the Customer (defined below) who has applied for opening a Deposit with RVBM Golden Bricks Nidhi Ltd Limited whether pursuant to filing an electronic application form or application form in physical form.
  2. Account Opening Form (AOF): Refers to the relationship form for Account, whether electronic or otherwise.
  3. Customer: Refers to any person holding or maintaining any Deposit (singly or jointly) and may or may not have any other account (savings or current), any other relationship, whether loan-based or otherwise with RVBM Golden Bricks Nidhi Ltd and shall include his heirs, executors, legal representatives, as applicable to the specific type of customer. In case of the Customer being a minor, it shall mean the minor acting through his/her natural guardian or by a guardian appointed by a court of competent jurisdiction.
  4. Confidential Information: Means any information relating to the Customer, their respective representatives received by RVBM Golden Bricks Nidhi Ltd Limited or its affiliates and their respective representatives in the course of providing various products and services to the Customer/Applicant, including personal data, Customer’s bank account details, transactional information, and any other information either designated by the Customer/Applicant as confidential at the time of disclosure or that a reasonable person would consider to be of a confidential or proprietary nature.
  5. Deposit Confirmation Advice: In relation to any Deposit, means the deposit advice sent by the Bank to the Customer in connection with the relevant Deposit containing the final commercial terms and conditions for the Deposit as approved by the Bank, which shall be final and binding on the Customer.
  6. RVBM Golden Bricks Nidhi Ltd Limited Customer Care Centre: Refers to RVBM Golden Bricks Nidhi Ltd Limited - Phone Banking Service provided by RVBM Golden Bricks Nidhi Ltd Limited to the Customer.
  7. Other Services: Shall mean and include such additional offers/benefits/facilities offered by RVBM Golden Bricks Nidhi Ltd, including but not limited to pre-approved loans, offers as an additional facility being a Customer of RVBM Golden Bricks Nidhi Ltd Limited at its sole discretion.
  8. RBI: Shall mean the Reserve Bank of India.
  9. Services: Means the services provided by RVBM Golden Bricks Nidhi Ltd Limited in connection with the Deposit and more particularly described in these Terms and Conditions.
  10. Website: Refers to the website owned, established, and maintained by RVBM Golden Bricks Nidhi Ltd at the URL www.icicibank.com .

II. Interpretation:

  1. All references to singular include plural and vice versa, and the word "includes" should be construed as "without limitation".

  2. Words importing any gender include the other gender.

  3. Reference to any statute, ordinance, or other law includes all regulations and other instruments and all consolidations, amendments, re-enactments, or replacements for the time being in force.

  4. All headings, bold typing, and italics (if any) have been inserted for the convenience of reference only and do not define, limit, or affect the meaning or interpretation of these Terms and Conditions.

  5. Reference to any law or legislation, regulation, rule shall mean applicable constitution, statute, law, rule, regulation, ordinance, judgment, order, decree, authorization, or any published directive, guideline, notice, requirement, or governmental restriction, having the force of law in any jurisdiction and include laws as amended from time to time.

III. Applicability of Terms and Conditions:

  1. These Terms and Conditions form a contract between the Applicant/Customer and RVBM Golden Bricks Nidhi Ltd Limited. By applying for the creation of a Deposit, the Applicant/Customer acknowledges that he/she has read, understood, and accepted these Terms and Conditions and other terms and conditions pertaining to the Deposit and its variants, and any other products and services availed by the Customer. No act, delay, or omission by RVBM Golden Bricks Nidhi Ltd Limited shall affect its rights, powers, and remedies under these Terms and Conditions and other terms on its Website.

  2. The opening of the Deposit is subject to verification, and RVBM Golden Bricks Nidhi Ltd Limited reserves the right to reject the request of the Applicant to open a Deposit without providing any reason. In the event where the documents submitted by the Applicants or Customers for opening a Deposit and/or availing the Bank’s products and services or for processing the transactions thereon are incomplete or discrepant, RVBM Golden Bricks Nidhi Ltd Limited shall notify such discrepancies and/or certain additional verification/documentation requirements within a reasonable time through emails sent to the email ID of the Customer (as provided in the AOF). In case highlighted discrepancies remain unresolved or upon non-receipt of required documents within the stipulated time period, if any, RVBM Golden Bricks Nidhi Ltd Limited shall have the right to reject the AOF of the Applicant. In accordance with its policies and procedures, RVBM Golden Bricks Nidhi Ltd and its group companies shall retain the application forms and documents provided therewith at the time of Account opening, including photographs and will not return the same to the Applicant in case of rejection of the said application. In such an event, the Bank shall not be liable to pay interest on the amount of deposit and shall refund the money received, if any, to the source account.

  3. In case the Applicant has an existing savings/current account with RVBM Golden Bricks Nidhi Ltd Limited, these Terms and Conditions shall be in addition to and not in derogation of other terms and conditions applicable for the savings/current account as updated on the Website. All terms and conditions as provided on the Website continue to apply for the facilities/services/offers availed/provided to the Customer. In case of inconsistency, these Terms and Conditions shall prevail.

IV. Deposit Opening:

  1. The Deposit opening formalities are governed by the existing policies of RVBM Golden Bricks Nidhi Ltd Limited and may be revised from time to time. The Applicant will have to submit duly filled application form (whether in electronic form or in physical form) along with the prescribed set of documents, from time to time, to the satisfaction of RVBM Golden Bricks Nidhi Ltd Limited for the completion of the Know Your Customer (“KYC”) requirements.

  2. The application form and these Terms and Conditions and other terms and conditions as available on the Website constitute the Deposit opening documentation.

  3. The Customer shall provide all particulars and information including but not limited to taxpayer information in a true and accurate manner and shall not withhold any information including if there are any insolvency proceedings initiated against them and if they have ever been adjudicated insolvent.

  4. The Customer understands that certain particulars given by them are required by RVBM Golden Bricks Nidhi Ltd Limited in accordance with the operational guidelines governing banking companies.

  5. The Customer shall keep RVBM Golden Bricks Nidhi Ltd Limited informed at all times, of any change/alteration in their communication address and authorize RVBM Golden Bricks Nidhi Ltd to update any change/alteration in their communication address that RVBM Golden Bricks Nidhi Ltd Limited may be informed of by them and/or is brought to the notice of RVBM Golden Bricks Nidhi Ltd Limited and hereby authorize RVBM Golden Bricks Nidhi Ltd Limited to contact the Applicant on such changed address.

  6. The Customer shall provide any further information and updated KYC documents that RVBM Golden Bricks Nidhi Ltd Limited may require from time to time and shall be required to comply with the re-KYC requirements as required by RVBM Golden Bricks Nidhi Ltd Limited from time to time.

  7. The Customer has no insolvency, bankruptcy, liquidation proceedings initiated against them nor has the Customer ever been adjudicated insolvent, bankrupt.

  8. If the Deposit is opened basis submission of Permanent Account Number (PAN) acknowledgment, the Customer has to submit PAN within 90 days of submission of Deposit opening form, failing which RVBM Golden Bricks Nidhi Ltd Limited reserves the right to take appropriate action, including freeze/lien marking of the Deposit.

  9. Customer also undertakes to provide/inform RVBM Golden Bricks Nidhi Ltd of any change to the KYC documents provided by them, including a change in communication address. The Customer further authorizes RVBM Golden Bricks Nidhi Ltd Limited to update the same in their records.

V. Know Your Customer:

  1. Upon the request of RVBM Golden Bricks Nidhi Ltd Limited , the Customers agree to provide appropriate information and/or documents (including the latest/recent photograph/s, identity proof, address proof, profile details of account holder/s, authorized signatories, mandate holders, beneficial owners, etc.) in accordance with the Reserve Bank of India guidelines on Know Your Customer ("KYC")/Anti Money Laundering ("AML")/Combating of Financing Terrorism ("CFT") issued under Prevention of Money Laundering Act, 2002 (“RBI Guidelines”) to ensure that any changes/updates in the KYC/profile information of the customers are duly updated in the records of the Bank.

  2. RVBM Golden Bricks Nidhi Ltd Limited , in compliance with the RBI Guidelines, may make use of communication channels, which shall include but not be limited to letters, bank statements, ATM/internet banking, etc., through which such information can be submitted to facilitate and ease this process for the Customers.

  3. The Customer(s) agree and confirm that the details furnished at the time of Deposit creation are true and correct to the best of their knowledge and belief, and they undertake to inform RVBM Golden Bricks Nidhi Ltd Limited of any changes, immediately. In case any information provided by the Customer is found to be false or untrue or misleading or misrepresenting, the Customer may be held liable for the same.

  4. The Customer consents to receiving information from Central KYC Registry (“CKYC”) through SMS/e-mail on his/her registered mobile number/e-mail.

  5. The Applicant is aware and authorizes RVBM Golden Bricks Nidhi Ltd Limited to receive/extract information/credit score pertaining to its creditworthiness/credit score from credit rating agencies for the purpose of Deposit opening and for offering various products and services by RVBM Golden Bricks Nidhi Ltd Limited .

  6. In compliance with the rule 9B of the Prevention of Money Laundering (Maintenance of Records) Rules, you are required to intimate us if there is any change in your KYC details along with updated documents (i.e. address, contact details, profile, etc.) within a period of 30 days from the date the change was made. Once you intimate us, we will make necessary changes in our records. Any update can be intimated to the Bank by visiting the nearest RVBM Golden Bricks Nidhi Ltd Limited branch.

VI. Operating Deposits:

  1. The Deposit may be opened in the name/s of:

    • An individual in his/her own name.
    • Two or more persons in their joint names.
  2. All the Deposits maintained in the name of an individual shall be operated in a single name by the individual or the Power of Attorney holder of such individual (if specifically authorized), and in the case of joint Deposits, by the Deposit holders jointly, or by either of the joint-holder/s or as may be specified by the joint Deposit holder/s in the Deposit Opening Form, or by their Power of Attorney holders and accepted by RVBM Golden Bricks Nidhi Ltd in its discretion.

VII. FATCA/CRS Declaration:

  1. The Customer(s) understands that Bank is relying on this information for determining Customer’s status as FATCA/CRS compliant and understands that the Bank is not able to offer any tax advice on FATCA/CRS status or its impact.

  2. The Customer(s) agree(s) to submit a new form within 30 days if any certification or information in the FATCA/CRS becomes incorrect.

VIII. Nomination:

  1. The single holder or the joint holders of the Deposit may, by filing in necessary particulars in the prescribed form at the time of making the Deposit, nominate any person who, in the event of the death of the single or both the joint holders as the case may be, shall become entitled to the Deposit and the payment thereon.

  2. If such nomination is not made at the time of making the Deposit, it may be made by the single holder, the joint holders, or the surviving joint holder, as the case may be, at any time after the Deposit receipt is issued but before its maturity, by means of an application in the prescribed form to the officer in charge of the branch of the Bank from which the term Deposit is issued.

  3. In the event of the death of the Deposit holder in respect of which a nomination is in force, the nominee shall be entitled at any time before or after the maturity of the Deposit to encash the Deposit. For the aforesaid purpose, the surviving nominee shall make an application to the branch manager of the Bank, supported by proof of death of the Deposit holder.

  4. If a Deposit holder dies and there is no nomination in force at the time of his/her death, the Bank shall pay the sum due to the deceased, to his/her legal heirs.

  5. Nomination facility is available for the Deposit in the names of individuals. Only one nominee is permissible for a Deposit, and the nomination is to be made by the Customer duly witnessed by a third person in cases of Deposit opened with customer’s thumb impression. The Customer should ensure that he/she gets/is given the acknowledgment as per the nomination rules framed by the Reserve Bank of India. The Customer is at liberty to change the nominee, through a declaration in the appropriate form/in the manner stipulated by RVBM Golden Bricks Nidhi Ltd to revise the nomination during the maintenance of the Deposit with RVBM Golden Bricks Nidhi Ltd.

IX. Advantages of Nomination:

  1. The Bank actively recommends that all Customers avail nomination facility. The nominee, in the event of the death of the Customer/s, would receive the maturity amount of the Deposit. Nomination facility is intended only for individual Deposit holders. This is also applicable to Deposits having operating instructions “Either or Survivor”.

  2. The Bank may retain the maturity proceeds in the Deposit until it establishes the identity and credentials of the successor(s) to its sole satisfaction, and the Bank reserves the right to demand and inspect requisite documentation in this regard, including a succession certificate and/or a duly probated will. In case the Deposit is a joint Deposit, the Customer agrees that in the event of death, insolvency, or withdrawal of any one or more of the Deposit holders, the then surviving holders shall have full control of the maturity amount of the Deposit and shall be entitled to withdraw the same and shall be fully liable for any liabilities that may arise by reason of their being holders of the Deposit and hold the same in trust for the other survivor/survivors/legal heirs of the deceased Customer, provided there is no order from a competent court restraining the Bank from making any payment from the maturity proceeds of the deceased Customer and/or there is any dispute among the survivor or survivors or legal heirs. Without prejudice to the foregoing, in the event of the death of a Customer, the Bank reserves the right to pursue all courses available to it under law and equity at its discretion to recover any amounts that are payable to the Bank from the survivors/heirs/executors/administrators of the Customer.

X. Sharing of Information:

  1. The Customer undertakes and authorises RVBM Golden Bricks Nidhi Ltd, its group companies to exchange, share, or part with all the information, data, or documents and to make references and enquiries which RVBM Golden Bricks Nidhi Ltd Limited/its group companies consider necessary in respect of or in relation to his/her application/further applications to other ICICI group companies/banks/financial institutions/credit bureaus/agencies/statutory bodies/tax authorities/central information bureaus/such other persons as RVBM Golden Bricks Nidhi Ltd Limited/its group companies may deem necessary or appropriate as may be required for use or processing of the said information/data by such person/s or furnishing of the processed information/data/products thereof to other banks/financial institutions/credit providers/users registered with such persons/credit bureaus/agencies/statutory bodies/tax authorities/central information bureaus and shall not hold ICICI Bank/its group companies liable for the use of this information.

  2. The Customer agrees and confirms that the credit information bureaus and/or any other agency may use and process the said information and data disclosed by RVBM Golden Bricks Nidhi Ltd to them, in the manner as deemed fit by credit information bureaus and/or any other agency. Further, the Customer also confirms and permits the credit information bureaus and/or any other agency to furnish for consideration the processed information and data or product thereof prepared by them to the banks/financial institutions and/or any credit grantors or registered users as may be specified by the RBI in this behalf or any other applicable law.

    1. Data held by the Bank relating to Customers will be kept confidential but the Bank may, at its sole discretion, provide such information to the categories of persons set out below. The Customer and/or the borrower hereby irrevocably authorises the Bank to disclose, as and when the Bank is required to do so by applicable law or when the Bank regards such disclosure as necessary or expedient (including but not limited to disclosures for the purpose of credit review of any account or the facility of the Customer and/or the borrower with the Bank or any RVBM Golden Bricks Nidhi Ltd Limited whether singly or jointly with others or otherwise), any information relating to the Customer, his account(s) or other assets or credit facilities whatsoever held on the Customer's behalf to:

      1. the head office of RVBM Golden Bricks Nidhi Ltd Limited, any of its affiliates, group companies, subsidiaries or its holding company, branch offices in any jurisdiction or third parties (“Permitted Parties”) engaged by the Bank for any such services/operations including but not limited to centralize or outsource its data processing and other administrative operations;
      2. the agents and independent contractors of the Permitted Parties who are under a duty of confidentiality to RVBM Golden Bricks Nidhi Ltd Limited;
      3. any actual or potential participant or sub-participant in, or assignee, novatee or transferee (or any agent or adviser of any of the foregoing);
    2. The Customer hereby irrevocably authorizes RVBM Golden Bricks Nidhi Ltd to extract their call records or related information as may have been disclosed by us with/to any third party service providers in relation to services/facilities offered to them by such third party service providers on account of existing banking relationship with RVBM Golden Bricks Nidhi Ltd.

    3. From time to time, it will be necessary for Customers to supply the Bank with data in connection with the opening or continuation of Deposits or the provision of banking facilities and services. Failure to supply such data may result in the Bank being unable to provide any of the above services or facilities. It is also the case that data is collected from Customers in the ordinary course of the banking relationship, for example, when Customers write cheques, deposit money, or apply for credit. This includes information obtained from credit reference agencies.

    4. The purpose(s) for which Customer data may be used are as follows:

      1. the processing of applications for, and the daily operation of the services and credit facilities provided to Customers;
      2. conducting credit checks (including without limitation upon an application for consumer credit and upon periodic review of the credit) and data verification;
      3. assisting other financial institutions to conduct credit checks and collect debts;
    5. Any Customer with a Deposit, account, or service with any branch of RVBM Golden Bricks Nidhi Ltd Limited located outside India hereby agrees to provide on a voluntary basis all his/her/their personal and Deposit/account information and records to the Bank which, together with any information generated or received by the Bank, may be: collected and kept by the Bank (including any agent or subcontractor appointed by the Bank) in any country (as the Bank may consider appropriate) for the purposes of the Bank maintaining its relationship with the Customer and offering or providing services on Deposits/accounts or investments made with or through the Bank or other future services or products; used by the Bank to carry out matching procedures whether or not for the purpose of taking adverse action against the Customer(s) or maintain a credit history (whether or not the relationship with the Bank is terminated) for the Bank's present or future reference.

    6. The Customer and/or the borrower hereby agrees and consents that the Bank shall be entitled, in connection with the Customer's or the borrower's application for any Deposit/account, facilities, or Services provided by the Bank, or during the course of the Customer's or the borrower's relationship with the Bank, to obtain and procure information pertaining to the Customer or the borrower or any of his/her/Depsoits/accounts, legal or financial position from whatever sources available to the Bank.

    7. Data may be transferred overseas pursuant to the provisions of this clause.

    8. The information disclosed pursuant to this clause may be subject to further disclosure by the recipient to other parties in accordance with the laws of the country in which the recipient is located. Such laws may be wider in scope and implemented under less restrictive terms than would otherwise be the case in India due to the difference in applicable laws and regulations.

XI. Non-Transferability:

The Deposit services provided to the Customer are not transferable under any circumstance and shall be used only by the Customer. However, RVBM Golden Bricks Nidhi Ltd Limited shall have the right to transfer, assign, or sell all its rights, benefits, or obligations to any person and these Terms and Conditions shall continue to be in force and effect for the benefit of the successors and assigns of RVBM Golden Bricks Nidhi Ltd.

XII. Joint and Several Liability:

In the event that the Customer constitutes more than one person, all obligations and liabilities of the Customer under these Terms shall be joint and several for all parties constituting the Customer. Any instructions, authorizations, representations, and warranties given or made by the Customer in cases where the Customer constitutes more than one person shall be deemed to be jointly and severally given or made and be binding on all such persons. In the event that conflicting instructions or authorizations are received by the Bank from more than one person, the Bank shall have the right to act on the first set of instructions or authorizations received or on the instructions of all account holders or not to act at all until any difference in the instructions or authorizations between the persons constituting the Customer is resolved to the satisfaction of the Bank.

XIII. Force Majeure:

RVBM Golden Bricks Nidhi Ltd Limited shall not be liable for any losses caused by its inability or delay in providing all or any Service or fulfilling any of RVBM Golden Bricks Nidhi Ltd’s obligations hereunder, either wholly or in part, caused by or in connection with any force majeure events including, but not limited to, restrictions on convertibility, transferability, requisitions, hacking, involuntary transfers, riot, disturbance, strikes, lock-outs, bandhs, war, civil strife, burglary, theft, dacoity, accident, technical fault including problems related to computers, accessories, software, printers, fax machines, internet, telephone system and such related hardware and software beyond the control of RVBM Golden Bricks Nidhi Ltd, breach of trust by any authorized persons, flood, fire, earthquake, act of God, act of any government, change in regulation or law and other allied acts of regulatory or statutory nature or if the performance of such obligation or provision of such service would result in the breach of any law, regulation or other requirement of any governmental or other authority or on Fixed Deposit of any other restriction or requisition or other circumstances or events whatsoever beyond the control of RVBM Golden Bricks Nidhi Ltd, and RVBM Golden Bricks Nidhi Ltd Limited shall not be obliged to provide any service or facility or perform any of its obligations hereunder during the period while RVBM Golden Bricks Nidhi Ltd’s performance is affected by force majeure conditions. RVBM Golden Bricks Nidhi Ltd Limited shall not be responsible for any loss or damage caused to the Applicant by reason of any failure to comply with the Applicant instructions, when such failure is caused due to reasons beyond the control of RVBM Golden Bricks Nidhi Ltd Limited, the opinion of RVBM Golden Bricks Nidhi Ltd Limited being final in this regard.

XIV. Aadhaar Authentication/Verification (If applicable):

i. By agreeing to these Terms and Conditions, the Applicant(s) has/ve consented that they have been provided various options by RVBM Golden Bricks Nidhi Ltd Limited for establishing the Applicant’s identity/address proof for Deposit opening and have voluntarily submitted their Aadhaar to RVBM Golden Bricks Nidhi Ltd Limited. The Applicant hereby consents that they have no objection in authenticating themselves with Aadhaar based Authentication system or verify the genuineness of the Aadhaar through Quick Response (QR) code or through such other manner as set out by UIDAI or any other law from time to time.

ii. By agreeing to these Terms and Conditions, the Applicant(s) have agreed that they have been explained about the nature of information that may be shared upon authentication and they have been given to understand that their information submitted to the Bank herewith shall not be used for any purpose other than mentioned above, or as per requirements of law. Also, the Applicant(s) declare/s that all the information voluntarily furnished by them to RVBM Golden Bricks Nidhi Ltd Limited are true, correct and complete.

iii. Applicant hereby gives consent to use/exchange or share their Aadhaar number, identity information for registration of client information or for any other purpose with UIDAI, ED, NPCI, CKYCRA, CERSAI and with any other authority or regulatory body or as per requirements of law.

XV. Lien/Freeze of the Deposit:

i. RVBM Golden Bricks Nidhi Ltd Limited reserves the right to mark a lien or freeze the Deposits, after with or without due notice to the Customers for reasons which may include, but not limited to, the following:

  1. (a) In case any of the documents furnished towards identity and address proof are found to be fake / forged / defective;
  2. (b) Notices from any statutory authority, regulatory authority, order from any court, tribunals, governmental authority, etc.
  3. (c) For any other reasons as RVBM Golden Bricks Nidhi Ltd Limited deems fit with prior notice to the Customer.

ii. The Customers shall be solely liable for consequences arising out of such lien/freezing of the Deposit(s).

iii. In accordance with the Depositor Education and Awareness Fund Scheme, 2014 - Section 26A of Banking Regulation Act, 1949, whereby the amount to the credit of any account in India with any bank which has not been operated upon for a period of ten (10) consecutive years or any deposit or any amount remaining unclaimed for more than ten (10) consecutive years shall be credited to the Depositor Education and Awareness Fund, on each calendar month from the expiry of the said period of ten (10) years.

XVI. Change of Terms:

i. RVBM Golden Bricks Nidhi Ltd Limited shall have the absolute discretion to amend or supplement any of the Terms and Conditions at any time. RVBM Golden Bricks Nidhi Ltd Limited may communicate the amended Terms and Conditions by hosting the same on the Website or in any other manner as decided by RVBM Golden Bricks Nidhi Ltd Limited. The Customer shall be responsible for regularly reviewing these Terms and Conditions, including amendments thereto, as may be posted on the Website.

ii. RVBM Golden Bricks Nidhi Ltd Limited shall have the absolute discretion to amend or supplement any of the Terms and Conditions and/or terms and conditions/Schedule of Charges/Tariff Guides stipulated by RVBM Golden Bricks Nidhi Ltd and/or its affiliates pertaining to the Deposits and/or to any services/facilities offered by RVBM Golden Bricks Nidhi Ltd and/or its affiliates in relation to the Deposit, at any time and shall give prior notice of one month (except for change in interest rates) by hosting the same on the Website or in any other manner as decided by RVBM Golden Bricks Nidhi Ltd. The Customer shall be responsible for regularly reviewing these Terms and Conditions stipulated by RVBM Golden Bricks Nidhi Ltd Limited and/or its affiliates, including amendments thereto, as may be posted on the Website/notice board at the branches. Such amended Terms and Conditions and terms and conditions/Schedule of Charges/Tariff Guides stipulated by RVBM Golden Bricks Nidhi Ltd and/or its affiliates will thereupon apply to and be binding on the Customer at the expiry of one month from the date of notice.

iii. If, in the opinion of the Customer, the changes are to his/her disadvantage, the Customer may opt to close the Deposit and/or stop using any services/facilities offered by RVBM Golden Bricks Nidhi Ltd Limited and/or its affiliates at any time in relation to the Deposit by intimating RVBM Golden Bricks Nidhi Ltd of the same.

iv. By continuing the Deposit with RVBM Golden Bricks Nidhi Ltd and using allied services, the Customer shall be deemed to have accepted the changed Terms and Conditions and any new terms and conditions/Schedule of Charges/Tariff Guides stipulated by RVBM Golden Bricks Nidhi Ltd Limited and/or its affiliates.

XVII. Notices:

i. The Bank shall contact the Customer at the latest address, telephone number, or electronic mail address (if any) that has been provided to the Bank by the Customer. The Bank requires to be informed at the earliest if there is a change in name, any changes in the address, or electronic mail address or make any other changes relevant to the Deposit. The Customer will be responsible for any loss or damage that may occur for not keeping the Bank updated on such particulars.

ii. Unless requested otherwise, the Bank will contact only the joint deposit holder named first in the Bank's records subject to any legal and regulatory requirements. The first-named deposit holder is responsible for passing information that the Bank sends to the other deposit holders.

iii. Communications between the Bank and a Customer may be effected through electronic means as follows:
a. Documents sent by electronic means will contain all the information as printed hard copy version with the possible exception of graphic insertions such as photographs or logotypes.
b. Electronic delivery may be in the form of an email, an attachment to an email, or in the form of provision of a link to the Website from which a document could be downloaded.
c. The Bank will be deemed to have fulfilled its legal obligation to deliver to the user any document if such document is sent via electronic means.
d. If the Customer fails to advise the Bank of any difficulty in opening the document within 24 hours of receiving it, the Bank shall consider this as an acceptance of the document.
e. RVBM Golden Bricks Nidhi Ltd Limited may, with the consent of the Customer, communicate with the Customer through telephone for servicing the existing products availed by the Customer and to offer new products, and such communication shall not be in breach of any existing do not call guidelines; as may be applicable in the jurisdiction(s) governing RVBM Golden Bricks Nidhi Ltd Limited and the Customer.
f. General communication of information from the Bank to all Customers as a whole or to any sub-group of Customers may, if the Bank acting reasonably considers it appropriate, be effected by means of the publication of a notice on the Website or by the putting of prominent notices on the Bank’s premises.
g. Unless otherwise agreed or specified herein, any notice or other communication may be delivered to the Customer personally.
h. Any writ, summons or other process may be served upon the Customer by posting the same to the Customer's address and the same shall be deemed to be good service upon the Customer. The foregoing shall not, however, preclude the Bank from effecting service of process in any other manner permitted by law.

iv. All notices in connection with the Services or the Deposit by the Customer to RVBM Golden Bricks Nidhi Ltd Limited shall be in writing and sent to the address as provided below, and all notices shall be deemed to be received by RVBM Golden Bricks Nidhi Ltd Limited only upon acknowledgment of receipt of the same in writing by RVBM Golden Bricks Nidhi Ltd.
Address: RVBM Golden Bricks Nidhi Ltd Limited Limited, RVBM Golden Bricks Nidhi Ltd Limited Phone Banking Centre, RVBM Golden Bricks Nidhi Ltd Tower, 7th Floor, Survey No: 115/27, Plot No. 12, Nanakramguda, Serilingampally, Hyderabad -500032, India

XVIII. Electronic Transactions:

i. The Customer agrees to adhere to and comply with all such terms and conditions as RVBM Golden Bricks Nidhi Ltd Limited may prescribe from time to time and hereby agrees and confirms that all transactions / Services effected by or through facilities for conducting remote transactions, including the Website, RVBM Golden Bricks Nidhi Ltd Limited Customer Care Centre, worldwide web, electronic data interchange, teleservice operations (whether voice, video, data, or a combination thereof) or by means of electronic, computer, automated machines network, or through other means of telecommunication, established by or on behalf of RVBM Golden Bricks Nidhi Ltd, for and in respect of the Deposit, or RVBM Golden Bricks Nidhi Ltd Limited's other products and services, shall constitute legally binding and valid transactions when done in adherence to and in compliance with RVBM Golden Bricks Nidhi Ltd Limited's terms and conditions for such facilities, as may be prescribed from time to time.

ii. Unless otherwise instructed, the nomination submitted by the Customer in the Electronic Application Form (“EAF)/Customer Application Form (“CAF”) shall also apply for any Deposit availed/booked by the Customer through Internet Banking and/or Mobile Banking channels, as applicable.

XIX. Electronic Instructions:

The Customer agrees that RVBM Golden Bricks Nidhi Ltd Limited shall not be liable for executing any instructions RVBM Golden Bricks Nidhi Ltd receives through telephone, facsimile, or other forms of electronic communication, including but not limited to registered email IDs. The Customer further agrees to keep RVBM Golden Bricks Nidhi Ltd Limited indemnified from and against all claims either by the customer or any other, actions, demands, liabilities, costs, charges, damages, losses, expenses, and consequences of whatever nature (including legal fees on a full indemnity basis) and howsoever arising, which may be brought or preferred against RVBM Golden Bricks Nidhi Ltd Limited or that RVBM Golden Bricks Nidhi Ltd may suffer, incur, or sustain by reason of or on account of RVBM Golden Bricks Nidhi Ltd Limited having so acted whether wrongly or mistakenly or not, or RVBM Golden Bricks Nidhi Ltd failing to act wholly or in part in accordance with the instructions.

XX. Waiver:

No failure or delay by RVBM Golden Bricks Nidhi Ltd Limited in exercising any right, power, or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise of any other right, power, or privilege. The rights and remedies of RVBM Golden Bricks Nidhi Ltd Limited as stated herein shall be cumulative and not exclusive of any rights or remedies provided by law.

XXI. Indemnity:

i. The Customer hereby agrees that the Customer shall, at his/hers/their own expense, indemnify, defend and hold harmless RVBM Golden Bricks Nidhi Ltd Limited from and against any and all liability, any other loss that may occur, arising from or relating to the operation or use of the Deposit or the Services or breach, non-performance or inadequate performance by the Customer of any of these Terms and Conditions or the acts, errors, representations, misrepresentations, misconduct or negligence of the Customer in the performance of its obligations.

a. The Customer agrees to indemnify RVBM Golden Bricks Nidhi Ltd against any fraud, loss, or damage suffered by RVBM Golden Bricks Nidhi Ltd due to providing any incorrect information or failure to communicate any change in such particulars/information or provide true and updated documents.

b. The Customer further agrees to indemnify the Bank against any negligence or misconduct or exercising the Bank’s right of set-off, combination, consolidation, lien, or any other right.

ii. Under no circumstances shall RVBM Golden Bricks Nidhi Ltd be liable to the Customer for any indirect, incidental, consequential, special or exemplary damages in connection with the Deposit or the Services.

iii. RVBM Golden Bricks Nidhi Ltd Limited shall not be liable for any failure to perform any obligation contained in these Terms and Conditions or for any loss or damage whatsoever suffered or incurred by the Customer howsoever caused and whether such loss or damage is attributable (directly or indirectly) to any dispute or any other matter or circumstances whatsoever.

iv. The Customer shall keep RVBM Golden Bricks Nidhi Ltd Limited indemnified at all times against, and save ICICI Bank harmless from all actions, proceedings, claims, losses, damages, costs, interest(both before and after judgment), and expenses (including legal costs on a solicitor and client basis) which may be brought against or suffered or incurred by RVBM Golden Bricks Nidhi Ltd Limited in resolving any dispute relating to the Customer's Deposit with RVBM Golden Bricks Nidhi Ltd or in enforcing RVBM Golden Bricks Nidhi Ltd's rights under or in connection with these Terms and Conditions contained herein or which may have arisen either directly or indirectly out of or in connection with RVBM Golden Bricks Nidhi Ltd performing its obligations hereunder or accepting instructions, including but not limited to, fax and other telecommunications or electronic instructions, and acting or failing to act thereon.

v. If any sum due and payable by the Customer is not paid on the due date, including without limitation any money's claimed under this clause, the Customer shall be liable to pay interest (both after as well as before any judgment) on such unpaid sum at such rate or rates as RVBM Golden Bricks Nidhi Ltd may from time to time stipulate from the date payment is due up to the date of payment.

vi. The Customer shall solely be responsible for ensuring full compliance with all the applicable laws and regulations in any relevant jurisdiction in connection with his/her Deposit with RVBM Golden Bricks Nidhi Ltd Limited and shall indemnify and keep indemnified RVBM Golden Bricks Nidhi Ltd Limited from all actions, proceedings claims, losses, damages, costs and expenses (including legal costs on a solicitor and client basis) which may be brought against or suffered or incurred by RVBM Golden Bricks Nidhi Ltd Limited in connection with any failure to comply with any such applicable laws/regulations by the Customer. The indemnities as aforesaid shall continue notwithstanding the termination/closure of the Deposit.

XXII. No Liability for Loss:

i. RVBM Golden Bricks Nidhi Ltd Limited shall not be liable for any failure to perform any obligation contained in these Terms and Conditions or for any loss or damage whatsoever suffered or incurred by the Customer howsoever caused and whether such loss or damage is attributable (directly or indirectly) to any dispute or any other matter or circumstances whatsoever.

ii. RVBM Golden Bricks Nidhi Ltd Limited shall under no circumstance be held liable to the Customer if the Deposit cannot be booked because of including but not limited to natural calamities, legal restraints, system failure/not-error, or any other reason beyond the control of RVBM Golden Bricks Nidhi Ltd. In no event shall RVBM Golden Bricks Nidhi Ltd Limited, its Group Companies, affiliates, officers, directors, employees, or agents, be liable to the Customer for any direct, indirect, incidental, special, punitive, or consequential damages whatsoever resulting from any of the following:

a. If the Customer has breached any of the Terms and Conditions and any specific term and condition pertaining to a specific variant of the Deposit, contained herein or in the Fixed Deposit Receipt/Advice;

b. If the Customer has contributed to or the loss is a result of the failure on the part of the Customer to advise RVBM Golden Bricks Nidhi Ltd Limited within a reasonable time about unauthorized access or erroneous transactions in the account; or

c. Due to system failure/not-error or where any communications from RVBM Golden Bricks Nidhi Ltd Limited are delayed and/or not received by the Customers.

iii. Under no circumstances shall the Bank be liable to the Customer for any indirect, incidental, consequential, special or exemplary loss or damages in connection with the Deposit or the Services.

XXIII. Services and facilities offered:

The Bank reserves the right, at any time and from time to time, with or without notice, to cancel, withdraw, suspend, vary, change, add to or supplement any of the Services and facilities offered to Customers hereunder. When new services or facilities are introduced, supplemental terms and conditions governing such services may be introduced and notified to Customers in writing. Unless otherwise provided, the Customer shall be deemed to have accepted and agreed to be bound by such terms and conditions upon the utilization of such Services or facilities.

XXIV. No Encumbrances:

The Customer shall not create or permit to subsist, any encumbrance or third party interest over or against any Deposit without RVBM Golden Bricks Nidhi Ltd Limited's express prior written consent.

XXV. Banker's Lien and Set-Off:

i. RVBM Golden Bricks Nidhi Ltd Limited shall have the paramount right of set-off and lien, irrespective of any other lien or charge, present as well as future, on all the Deposits held by the Customer, whether in single name or joint name(s), to the extent of all amounts payable by the Customer arising as a result of any of RVBM Golden Bricks Nidhi Ltd Limited's services extended to and/or used by the Customer or as a result of any other facilities that may be granted by RVBM Golden Bricks Nidhi Ltd to the Customer. RVBM Golden Bricks Nidhi Ltd is entitled without any notice to the Customer to settle any indebtedness whatsoever owed by the Customer to RVBM Golden Bricks Nidhi Ltd, whether actual or contingent, or whether primary or collateral, or whether joint and/or several, including without limitation indebtedness under any indemnity given by the Customer to RVBM Golden Bricks Nidhi Ltd hereunder or under any other document/agreement, by adjusting, setting-off any Deposit(s) held by the Customer with RVBM Golden Bricks Nidhi Ltd Limited, notwithstanding that the Deposit(s) may not be expressed in the same currency as such indebtedness. RVBM Golden Bricks Nidhi Ltd Limited's rights hereunder shall not be affected by the Customer's bankruptcy, insolvency, death or winding-up.

ii. In addition to RVBM Golden Bricks Nidhi Ltd Limited's rights of set-off, lien or any other right which it may at any time be entitled whether by operation of law, contract or otherwise, the Customer authorises RVBM Golden Bricks Nidhi Ltd Limited:

a. to combine or consolidate at any time all or any of the accounts and liabilities of the Customer with or to any branch or office of RVBM Golden Bricks Nidhi Ltd Limited Limited (whether in India or elsewhere); and

b. to apply, set-off or transfer at any time (without prior notice to the Customer) any credit balance (whether or not then due) to which the Customer is at any time beneficially entitled (whether singly or jointly) on any Deposit, in the Customer's name or jointly with any other person, with any branch or office of RVBM Golden Bricks Nidhi Ltd Limited Limited (whether in India or elsewhere) towards the satisfaction of any or all of the Customer's liabilities (whether such liabilities be present or future, actual or contingent, primary or collateral, or several or joint) under the Terms and Conditions or under the terms of any other facilities that may be granted by ICICI Bank to the Customer.

iii. RVBM Golden Bricks Nidhi Ltd Limited shall not be under any obligation to exercise any of its rights under this clause.

iv. The above mentioned rights of RVBM Golden Bricks Nidhi Ltd are without prejudice to the obligations of the Customer to pay to RVBM Golden Bricks Nidhi Ltd Limited when due all its indebtedness and without prejudice to any other rights that RVBM Golden Bricks Nidhi Ltd Limited may have against the Customer for recovery of outstanding from Customer to RVBM Golden Bricks Nidhi Ltd.

XXVI. Deposit Insurance and Credit Guarantee Corporation (DICGC):

Each depositor is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to a maximum of ₹1 lakh or as updated from time to time, for both principal and interest amount held by him in the same right and same capacity.

XXVII. Governing Law:

The laws of India shall govern these Terms and Conditions. The Customer and RVBM Golden Bricks Nidhi Ltd Limited hereby agree that any legal action or proceedings arising out of the Terms and Conditions shall be brought in the courts or tribunals at Mumbai in India and irrevocably submit themselves to the jurisdiction of such courts and tribunals. RVBM Golden Bricks Nidhi Ltd Limited may, however, in its absolute discretion, commence any legal action or proceedings arising out of the Terms and Conditions in any other court, tribunal or other appropriate forum, and the user hereby consents to that jurisdiction. Any provision of these Terms and Conditions, which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of prohibition or unenforceability but shall not invalidate the remaining provisions of the Terms and Conditions or affect such provision in any other jurisdiction.

XXVIII. TERMS AND CONDITIONS FOR FIXED DEPOSITS

These terms and conditions (“Fixed Deposit Terms and Conditions”) apply to and regulate the operation of the fixed deposits, including but not limited to various variants of a fixed deposit) (the "FD" or “Fixed Deposit”) and govern the general relationship (including, without limitation, all transactions relating to the operation and maintenance of the Deposit) between the Customer (defined below) and the relevant branch of RVBM Golden Bricks Nidhi Ltd Limited (“RVBM Golden Bricks Nidhi Ltd Limited/Bank” having its registered office at: RVBM Golden Bricks Nidhi Ltd Limited Tower, Near Chakli Circle, Old Padra Road, Vadodara 390007) in India that maintains the Deposit) offered by RVBM Golden Bricks Nidhi Ltd Limited.

These Fixed Deposit Terms and Conditions are in addition and not in derogation to RVBM Golden Bricks Nidhi Ltd Limited’s General Terms and Conditions for Deposit Accounts. To the extent of any inconsistency, the terms and conditions as set out herein for Fixed Deposits shall prevail for all intents and purposes with respect to Fixed Deposits only. All capitalized terms used but not defined herein shall have the respective meanings ascribed to it in the General Terms and Conditions for Deposit Accounts. These Fixed Deposit Terms and Conditions shall be in addition to any other terms as stipulated by RVBM Golden Bricks Nidhi Ltd Limited from time to time on its Website whether pertaining to the Deposit or in relation to other products, services, or offers provided by RVBM Golden Bricks Nidhi Ltd Limited.

In case of inconsistency between the Fixed Deposit Terms and Conditions and any specific term and condition pertaining to a specific variant of the Deposit, the specific term and condition of that particular variant of the Deposit shall prevail.

Further, any Other Services may be offered to the Customer at the discretion of RVBM Golden Bricks Nidhi Ltd Limited, or basis the eligibility criteria of a Customer, and on such other services specific terms and conditions may be applicable. In case of conflict, between any of these Terms and Conditions and the abovementioned Other Services, specific terms and conditions of such other services shall prevail.

All capitalized terms used herein but not defined shall have the same meaning as prescribed under the Terms and Conditions as detailed in Section (A).