I hereby voluntarily apply for a Fixed Deposit (FD) backed Credit Card offered by the Bank.I understand and agree that:
1. I declare that the information provided in this application is true and correct. Iauthorize City Union Bank Limited ("the Bank") to process my application andcommunicate with me through my registered contact details.
2. I authorize the Bank to access my CKYCRR records and obtain, verify and processinformation from Credit Information Companies (CICs), NSDL and other authorizedagencies for identity verification, credit assessment, regulatory compliance andprocessing of my Credit Card application.
3. I consent to the Video-based Customer Identification Process (V-CIP) and authorizethe Bank to capture, verify and store information required for KYC compliance.
4. I declare that I am a tax resident of India only and undertake to notify the Bankpromptly of any change in my tax residency status.
5. I understand that this is a Secured Credit Card application and authorize the Bank tocreate/open a Fixed Deposit in my name and mark a lien on the Fixed Deposit andaccrued interest thereon as security for the Credit Card facility.
6. I acknowledge that the Credit Card may be issued with a credit limit equivalent to80% of the Fixed Deposit amount (rounded down to the nearest multiple of Rs.1,000)or such percentage as determined by the Bank from time to time in accordance withits policies.
7. I agree that the Fixed Deposit shall remain under lien and continue as security for alldues, charges, interest and liabilities arising out of the Credit Card account. The Bankmay renew the Fixed Deposit, revise the Credit Card limit and continue the lienwithout requiring any further consent from me.
8. In addition to the Bank's general lien and right of set-off, I authorize the Bank toadjust, appropriate or set off any outstanding Credit Card dues against the FixedDeposit and/or any other account maintained by me with the Bank, subject toapplicable laws and regulatory guidelines.
9. I understand that in the event of default, the Bank may exercise its rights over theFixed Deposit, including premature closure and adjustment of outstanding dues. Anyshortfall remaining after such adjustment shall be payable by me together withapplicable charges and interest.
10. I confirm that I have read, understood and agree to the Bank's Most Important Terms& Conditions (MITC), Cardholder Agreement, Schedule of Charges