Terms and Conditions for PLCC and Enhanced Limit on Installment Platform

In these terms and conditions, unless there is anything repugnant to the subject or context thereof, the expressions listed below, if applicable, shall have the following meanings:

"EMI" or “Equated Monthly Installment” means the equated monthly installments of amounts payable by the Card Member to ICICI Bank in respect of the Facility and comprises of the principal amount of the Facility and interest thereon.

"Facility" means the facility offered on the available Credit-Limit and/or Cash-Limit / temporarily enhanced Credit-Limit on installment provided / agreed to be provided by ICICI Bank on the Credit Card, at its sole discretion, to the Card Member to the extent of amounts not exceeding the available Cash-Limit and/or Credit-Limit or such enhanced amount exceeding the available Cash-Limit / Credit-Limit, as may be decided by ICICI Bank, from time to time.

“InstaMoney Service” means the mode of confirming / providing disbursement advice regarding the Facility within the available Cash-Limit and/or Credit-Limit by usage of the Card at the point of sale machines situated at select Merchant Establishment/s.

“Primary Terms and Conditions” shall mean the terms and conditions applicable to the Card.

The Card Member can request for an amount upto the available Cash-Limit and/or Credit-Limit on the Card Account or for an amount over the available Cash-Limit / Credit-Limit in the form of a temporarily enhanced limit through an additional account linked to the existing Card Account. Such amounts shall be disbursed to the Card Member in the form of a demand draft or transfer to his/her ICICI Bank liability account, through ICICI Bank 24 Hour Customer Care or such other mode as may be communicated by ICICI Bank, from time to time. The final approval of the amount of the Facility to be granted is subject to the Card Member’s performance on the Card and the available Cash-Limit and/or Credit-Limit at the time ICICI Bank receives the Card Member's request for the Facility. The Cash-Limit and/or the Credit-Limit on the Credit Card will be blocked by the amount for which the Facility is granted in cases where such amount forms part of the available Cash-Limit and/or Credit-Limit. The Card-Member shall be required to pay a non-refundable processing fee on the Facility upto the percentage specified by ICICI Bank to the Card Member at the time of availing the Facility.

The Card Member hereby agrees to avail the Facility on the precondition that he will not use the amount of the Facility, or any part thereof, towards capital market or for the purpose of repaying his ICICI Bank Card outstandings.

In case of the InstaMoney Service, the Card Member may avail the Facility by swiping the Card at point of sale machines situated at select Merchant Establishment/s. By affixing signature on the InstaMoney disbursal advice chargeslip, the Card Member confirms the availment of the Facility. In case where the Card Member avails the Facility through InstaMoney Service, the same shall be disbursed to the Card Member only in the form of a demand draft dispatched to the mailing address of the Card Member last recorded with ICICI Bank.

If the Facility is foreclosed/ terminated before the tenure of the repayment of the Facility, the amount of the Facility outstanding at the time of foreclosure/termination together with all interest thereon and all other monies in respect of the Facility shall become repayable by the Card Member.

The Card Member may foreclose the Facility at any time by contacting ICICI Bank's 24 Hour Customer Care to avail of the foreclosure. The Card Member shall pay such foreclosure charges as may be indicated by ICICI Bank in the communication sent to the Card Member at the time of granting the Facility.

ICICI Bank shall, without prejudice to all rights and remedies, have the right to call upon the Card Member to forthwith repay the Facility, all interest thereon and all other monies in respect of the Facility upon occurrence of event of default in repayment of the amount of the Facility and the Card Member shall be liable to repay all such amounts upon such demand.

The Card Member may cancel the Facility within 15 days of receiving the draft / transfer to his/her ICICI Bank liability account by contacting ICICI Bank's 24 Hour Customer Care.

In case of a draft, the Card Member may request for such cancellation at ICICI Bank's 24 Hour Customer Care or return the draft at the address mentioned below. In case of transfer to his/her ICICI Bank liability account, the cancellation request can be raised at ICICI Bank's 24 Hour Customer Care and such amount will be reversed from the account of the Card Member, where the transfer was effected. Such cancellation shall be subject to non encashment of the draft or amount being available in the account to effect reversal, as the case may be.

1. The Card Member has understood ICICI Bank's method of calculating EMIs payable;
2. The Card Member has understood that by availing the Facility, the Card Member shall not be, unless otherwise stated by ICICI Bank in writing, eligible for any reward points whatsoever, whether awarded under the ICICI Bank Reward Points Scheme or any other Reward Points Scheme on the Card that may be announced by ICICI Bank from time to time;
3. The Card Member shall renew the Card forthwith in the event the period of the Card expires during the tenure of the Facility. In the event of failure of the Card Member to renew the Card as stated above, ICICI Bank shall be entitled to call upon the Card Member to forthwith repay the Facility without prejudice to all rights and remedies against the Card Member;
4. The Card Member is deemed to have accepted these terms and conditions upon the Card Member having requested for the Facility. The Card Member is aware that these terms and conditions are available on http://www.icicibank.com/ and has read and understood the same;
5. Repayment by the Card Member of the entire amount of the Facility in case of facility availed upto the available Cash-Limit and/or Credit-Limit, to ICICI Bank shall release the Credit-Limit and/or Cash-Limit for which the Card Member is eligible by virtue of holding the Card;
6. The Card Member shall make payment of all taxes, duties, levies (including service tax) in connection with the Facility.

ICICI Bank reserves the right to require the Card Member to make advance payment of one or more EMIs against grant of the Facility, and ICICI Bank shall have the right to adjust the amount of the advance EMIs towards the balance amount of the Facility, at its sole discretion.

If one or more of the events specified in this Clause ("Events of Default") occur or shall have occurred, ICICI Bank may call upon the Card Member to foreclose the Facility by a notice in writing to the Card Member.

• The Card Member's commission of a breach of any of the terms and conditions and covenants herein contained or having made any misrepresentation to ICICI Bank.
• The Card Member’s having been declared as an insolvent.
• Any proceedings for misconduct having been initiated against the Card Member.
• The Card Member’s failure to furnish any information or documents that may be required by ICICI Bank.
• The Card Member’s entering into any composition with his/her creditors.
• The Card Member’s defaulting on any of the terms and conditions of any other loan or facility provided by ICICI Bank to the Card-Member.
• The existence of any other circumstances which, in the sole opinion of ICICI Bank, jeopardize ICICI Bank's interest.

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 these terms and conditions as also the Primary Terms and Conditions.