#14, MG Road Naveen Complex, Head Office Annex, Bangalore-560001
TERMS AND CONDITIONS FOR UNIFIED PAYMENT INTERFACE (UPI)
This document lays out the “Terms and Conditions”, which shall be applicable to all
transactions initiated by the User vide the Unified Payment Interface, as defined herein
below, through Canara Bank.
Before usage of the “Unified Payment Interface”, users are advised to carefully read and
understand these Terms and Conditions. Usage of the Unified Payment Interface by the user
shall be construed as deemed acceptance of these Terms and Conditions mentioned herein
below.
Definitions: The following words and expressions shall have the corresponding meanings
wherever appropriate.
Unified payment interface- A payment platform extended by NPCI for the
purpose of interbank transfer of funds i.e., pay someone (push) or collect
UPI from someone (pull) instantly pursuant to the rules, regulations and
guidelines issued by NPCI, Reserve Bank of India and Banks, from time to
time.
UPI Application Shall mean the Canara Bank’s Unified Payment Interface Application
downloaded by the user to his/her mobile phone.
Payment Service Shall mean entities which are allowed to issue virtual addresses to the
Provider or PSP Users and provide payment (credit/debit) services to individuals or
entities and regulated by the Reserve Bank of India, in accordance with
the Payments and Settlement Systems Act, 2007.
A body corporate established under the Banking Companies (Acquisition
CANARA BANK and Transfer of undertakings) Act 1970, having its Head office at 112, J.C.
Road, Bangalore – 560 002 (hereinafter termed as "PSP") which expression
shall, unless repugnant to the context or meaning thereof, shall include its
successors and permitted assigns.
Bank Shall mean any Bank including Canara Bank which is enabled on UPI
platform.
The Reserve Bank of India (RBI) is the central bank of India established on
April 1, 1935 in accordance with the provisions of the Reserve Bank of
RBI
India Act, 1934. RBI regulates the issuing of bank notes to ensures secure
monetary stability in India.
National Payments Corporation of India - A company incorporated in India
under Section 25 of the Companies Act, 1956 and having its registered
NPCI
office at 1001A, B wing 10th Floor, The Capital, Plot 70, Block G, Bandra-
Kurla Complex, Bandra (East), Mumbai - 400 051
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Shall mean an individual/entity who is a holder of a Bank account who has
User downloaded Canara Bank’s UPI Application, wishes to register with Canara
Bank’s UPI Application by accepting the terms and conditions and avails
the UPI Facility.
Beneficiary The person’s account details where in transfer amount is supposed to be
credited.
Virtual Payment address – is a payment identifier for sending/collecting
VPA money. VPAs are aliases to Account No. & IFSC. This enables the user to
complete a transaction without having to enter the account credentials of
the beneficiary.
"Cellular Service Hereafter referred to as "CSP" refers to the GSM/ CDMA / GPRS / EDGE
Provider " Service provider (for operation of Mobile Phones).
Shall mean Savings and/or Current/Overdraft account held in individual
Account capacity (other than NRIs) at present at a bank which has been enabled
for UPI. The term ‘Accounts’ also including Prepaid Instrument accounts
i.e. wallet accounts.
User’s Mobile Shall mean the specific Mobile Phone Number registered by the user with
Number Bank(s) where he / she is holding the accounts and that has been used by
the User to register for the UPI Facility.
Shall mean the Mobile Personal Identification Number (same which is
MPIN applicable to mobile Banking) for authenticating the services provided
under UPI.
AADHAR Number Shall mean the Unique identity number issued by Unique Identification
Authority of India (UIDAI).
Finger Print Shall refer to the automatic method of verifying an individual’s identity by
Authentication their fingerprints and is also used to grant or deny access to a computer
system/mobile device/tablet /any other device.
Personal Refers to the information provided by the User in connection with UPI
Information service.
Any individual having a Savings and/or Current/Overdraft account in a
Eligibility Bank held in individual capacity (other than NRIs), authorized to operate
the account individually. The user shall possess a smart phone. The User
should be compliant of KYC of the Bank(s) where he holds account(s).
The User agrees that he/she shall be entitled to use the UPI Service by
Registration downloading Canara Bank’s UPI Application provided that /his/her Mobile
Phone is found in order to support the UPI Application and the relevant
particulars are registered with the Bank.
The same shall be identifying the user on basis of two factor. The two
1 Click 2 Factor factor shall have proper identification as below:
authentication • What you have i.e. mobile number and mobile handset.
• What you know i.e. MPIN and Password.
Device Finger This shall mean identifying the device on basis of device configuration or
Printing identifier as used by application. The device shall be uniquely identified
for unique user.
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Applicability of Terms and Conditions:
By using UPI Facility, the user thereby agrees to these Terms and Conditions form the contract
between the User and Canara Bank. UPI facility shall be governed by such terms & conditions
as amended by Canara Bank from time to time. These terms and conditions and shall be in
addition to and not in derogation of the Terms and Conditions relating to any account of the
User and / or the respective product or the service provided by Canara Bank unless otherwise
specifically stated.
General Business Rules Governing Unified Payment Interface (UPI) Facility:
The following Business rules will apply for UPI:
1) The facility will be available to users having satisfactorily running Savings/ Current/Overdraft
account (at individual capacity) with the Bank.
2) UPI Facility shall be available to users who have registered for the facility as per the
discretion of Banks, NPCI and RBI.
3) The daily upper ceiling per customer shall be Rs. 1,00,000/- for funds transfer.
4) Entering the wrong login password thrice will block the application.
5) Entering the wrong MPIN thrice will block the UPI facility for the day and three such
consecutive blockages will de-activate the customer from the facility and the customer
should re register for the facility as per the procedure laid down for the same. Any change in
the business rules of any of the processes will be notified on Bank's website
www.canarabank.com which will be construed as sufficient notice to the customer.
6) The Bank shall suspend the registration of any user if the facility has not been accessed by
the user for 180 days or more.
7) Canara Bank shall endeavor to provide to the user through UPI Application, such services as it
may decide from time to time. Canara Bank reserves the right to decide the type of services,
which category of user shall be offered on each account type and may differ from category
to category.
8) Canara Bank may also make additions /deletions to the services offered through UPI
Application at its sole discretion.
9) Once a Virtual address is deleted by the user, the user will not be allowed to create the same
virtual address for the next 2 years.
10) There will be no obligation on Canara Bank to support all the versions of existing Mobile
Phone operating Systems and new versions of mobile phone Operating Systems as and when
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those are released. Canara Bank can withdraw support to existing version of operating system
without prior notice to users
11) The User agrees that he/she shall use only his/her Mobile Phone to access the UPI application
offered by Canara Bank. The access is restricted to him/her on the specific Mobile Phone
Number only as registered with the Bank(s) for UPI service.
12) The user is responsible for the correctness of information supplied to Canara Bank through
the use of or through any other means such as electronic mail or written communication.
Canara Bank does not accept any liability for the consequences arising out of erroneous
information supplied by the user.
13) The user agrees to use single handset for accessing the services under UPI. Change of handset
shall be properly re-registered according to application requirement.
14) User agrees that dispute resolution shall be as per the guidelines issued by NPCI from time to
time.
Usage of Facility:
By accepting the terms and conditions on the mobile phone while registering for the UPI
facility, the User:
1) Agrees to use UPI Facility for financial and non-financial transactions offered by Canara Bank
from time to time and irrevocably authorizes the respective Bank to debit the Bank Accounts
which have been registered for UPI Facility for all transactions/services undertaken.
2) Authorizes Canara Bank to map the account number and mobile number for the smooth
operation of the facility offered by Canara Bank and to preserve the mapping record in its
own server or server of any other third party and to use such data at its discretion for
providing/enhancing further banking/ technology products that it may offer.
3) Agrees that he/ she is aware and accepts that facility offered by Canara Bank will enable
him/her to transact using MPIN/1click 2FA/ Or biometric authentication and will be deemed
as bonafide transaction.
4) Agrees that the transactions originated using mobile phones are non retractable as these are
instantaneous/real time.
5) Agrees to acquaint himself/herself with the process for using the facility and validly
registered in his/her name only with the Mobile Service Provider and undertakes to use the
facility only through mobile number which has been used to register for the Facility.
6) Agrees that Canara Bank is authenticating the User by using Mobile Number, Mobile Phone,
MPIN and/or can introduce other advanced authentication mechanism such as Finger print
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authentication etc in future which is acceptable and binding to the user and Hence the user
is solely responsible for maintenance of the secrecy & confidentiality of the MPIN and
unauthorized usage of his/her mobile phone, without any liability to Canara Bank.
7) Confirms that notwithstanding anything mentioned herein, in no event shall Canara Bank be
liable to the user or any other third party affected by the Transaction for loss of profits or
revenues, indirect, consequential or similar damages arising out of or in connection with the
Transaction, materials, information technology services or assistance provided under this
Terms & Conditions.
8) The User undertakes to execute such other documents and writings in addition to the
instructions for activating, initiating or making transfer of funds via UPI facility, in a form
and manner as required by Canara Bank, from time to time.
9) The User understands that the transaction may be rejected or cancelled in case the
instructions and/or any Authentication Credentials or any details, documents or information
provided by the User are false or not in accordance with the conditions stipulated by Canara
Bank or the Reserve Bank of India or the Beneficiary bank or the remitter Bank
10) The User also understands that the transaction may also be cancelled/rejected due to any of
the reasons like "the designated account of beneficiary not being maintained by the
Beneficiary bank” or an attachment order having been passed on the designated Beneficiary
account by a competent authority/Court or details pertaining to the Beneficiary/Beneficiary
account details recorded with the Beneficiary bank does not match or any other reasons.
11) The User ensures and confirms that upon completion of the transaction initiated by the User,
i.e., receipt of fund by the recipient maintained with the Beneficiary Bank, Canara Bank will
be entitled to charge such fees, cost and charges, as specified by Canara Bank/NPCI, from
time to time.
12) The User acknowledges and understands that the completion of transactions for transfer of
funds based on the User's instruction shall involve various Counterparties (especially in the
case of collect transaction). The User confirms that canara Bank shall not be held liable or
responsible for any delays/deficiencies in settlement of a transaction due to system
constraints, actions of 3rd parties or any other circumstances outside the control of canara
Bank.
13) Without prejudice to the generality of the foregoing, the User agrees to indemnify and save,
keep harmless and keep indemnified Canara Bank against any improper/ fraudulent
instructions purporting to be received from the User and/or for furnishing incomplete
information.
14) The User understands that the provision of UPI is subject to Indian laws and the guidelines
and regulations issued from time to time by the NCPI or Reserve Bank of India in this behalf.
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15) The User agrees and confirms that canara Bank reserves the rights to call for logs, proofs,
User details or documents necessary at any time on account of audit, compliance, regulatory
or legal requirements and the Master Merchant agrees to comply with such requests within 2
business days from the date of such requests being made.
16) The User agrees and confirms that the Minimum and Maximum amount Stipulated for UPI
may be stipulated by Canara Bank in accordance with the Guidelines set By NPCI or RBI, from
time to time.
17) In a collect request transaction (PULL transaction), the User/merchant agrees and
understands that it is subject to the approval and expiry period defined by the
User/merchant at the time of making such requests to the remitter.
18) Agrees that dispute resolution shall be as per the guidelines issued by NPCI from time to
time.
Liability of the User:
The user shall be responsible for each transaction initiated under his/her registered UPI
Application. The user is liable for the losses arising out of any unauthorized transactions
occurring through his/her accounts.
The user has to immediately bring in to the notice of Canara Bank in case he/she suspects
that his / her Mobile number is / has been allotted to another person and/or notices
unauthorized transactions in his / her accounts and make sure that the facility is de-
registered for his / her mobile no.
The user agrees that the access to Canara Bank’s UPI Application through his/her Mobile
Phone and any transaction, which originates from the same, whether initiated by him/her or
not, shall be deemed to have originated from the respective user.
The user understands that in the event of loss of his/her Mobile Phone / SIM Card or it falling
in the wrong hands, it can be misused. The user indemnifies Canara Bank for any such misuse
arising out of the same. The user shall not hold Canara Bank responsible for any loss that the
user may suffer in these circumstances.
Liability of Canara Bank:
Canara Bank shall, in no circumstances, be held liable to the user, if access is not available in
the desired manner for reasons including natural calamities, floods, fire and other natural
disasters, legal restraints.
Canara Bank shall, in no circumstances, be held liable to the user, if there are faults in the
telecommunication network or any other reason beyond the control of Canara Bank.
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Under no circumstances shall Canara Bank be liable for any damages whatsoever whether such
damages are direct, indirect, incidental, consequential and irrespective of whether any claim
is based on loss of revenue, investment, production, goodwill, profit, interruption of business,
wrong beneficiary credentials, wrong credits or any other loss of any character or nature
whatsoever and whether sustained by the User or any other person.
Canara Bank shall, in no circumstances, be held liable to the user for other Bank services.
Termination of UPI Service :
The user agrees that he/she will remain responsible for any transactions made on UPI
through Canara Bank’s UPI application until the termination of the Service. Similarly Canara
Bank may suspend or terminate UPI Services without prior notice if the user has breached the
Terms and Conditions or if Canara Bank notices some errors / omissions / fraudulent
transactions related to the user’s accounts or User.
Canara Bank shall block the Facility for a day, in case of the wrongful entry of the security
credentials for 3 consecutive times. Further 3 such consecutive blockages will de-activate
and deny the payment/receipt of the amount through this facility. The user shall re- register
for the facility as per the procedure laid down for the same. Canara Bank shall not be liable
for any losses occur there in.
Any change in the business rules of any of the processes will be notified on Canara Bank’s
website www.canarabank.com which will be construed as sufficient notice to theUser.
The facility may be suspended due to maintenance or repair work or any breakdown in the
Network/Hardware/ Software for UPI Facility, any emergency or for security reasons without
prior notice and Canara bank shall not be responsible for any losses/damages to the Users.
Miscellaneous:
1) The User shall be solely responsible for any error made while using the facility unless
contrary is proved.
2) The user shall keep the LOGIN PASSWORD and MPIN confidential and will not disclose these
to any other person or will not record them in a way that would compromise the security of
the facility.
3) It will be the responsibility of the User to notify his/her Bank immediately if he/ she suspect
the misuse of the LOGIN PASSWORD/MPIN. He will also immediately initiate the necessary
steps to change his MPIN.
4) The user shall be liable and responsible for all legal compliance and adherence of all
commercial terms and conditions in respect of the mobile connection/SIM card/mobile
phone through which the facility is availed and Canara Bank does not accept/ acknowledge
any responsibility in this regard.
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5) The Canara Bank reserves the right to add/remove the facilities offered to the User at its
sole discretion.
6) The instructions of the User shall be effected only after authentication under his/her
MPIN/Password or through the biometric authentication.
7) The User understands that the Bank shall not process the transactional request sent by the
User in case of any discrepancy in AADHAAR Number/Virtual Payment Address and same will
not be executed.
8) Canara Bank shall not be responsible for the delay/ failure in carrying out the transactions
due to any reasons whatsoever including failure of operational system or any other
unforeseeable reasons which is beyond the control of the Bank.
9) The User expressly authorizes Canara Bank to access his/her account Information required
for offering the services under the facility and also to share the information regarding his/
her accounts with NPCI/any other third party as may be required to provide the services
under the Facility.
10) The transactional details will be recorded by Canara Bank and these records will be regarded
as conclusive proof of the authenticity and accuracy of transactions. Canara Bank may store
the transactional details for a period which may deem fit for the Bank.
11) The User hereby authorizes Canara Bank or its agents to send notifications, promotional
materials including the products of the Bank, greetings etc.
12) The Canara Bank shall make all reasonable efforts to ensure the User information to be kept
confidential however it shall not be responsible for any inadvertent divulgence or leakage of
confidential User information for reasons beyond its control or by action of any third party.
13) The User expressly authorizes the Canara Bank to carry out all requests/ transactions
purporting to have been received from his/ her mobile phone and authenticated with his/
her MPIN/Password/biometric authentication. In the case the case of funds transfer facilities
the User shall be deemed to have expressly authorized the Bank to make the payment when
a request is received from his/ her mobile phone.
14) The Canara Bank shall not be responsible for any additional charges/fees levied by the
Telecom service provider during the course of availing the UPI Facility.
Responsibilities and obligations of the User :
1) The User shall be responsible for all transactions, including fraudulent/erroneous
transactions using the UPI facility through the use of his/her mobile phone, MPIN,
password/biometric authentication regardless of whether such transactions are in fact
entered into or authorized by him/ her. The User shall be responsible for the loss/damage, if
any suffered.
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2) The User shall use the UPI facility only by following the security credential in accordance
with the prescribed norms as laid down by Canara Bank from time to time.
3) The User shall keep the security keys confidential and shall not divulge/tamper the same
and Canara Bank shall not be liable for such instances in any manner.
4) The User accepts that any valid transaction originating/receiving from/by the registered
mobile phone number shall be assumed to have been initiated/accepted by the User and any
transaction authorized by the MPIN/password/biometric authentication is duly and legally
authorized by the User.
5) The User shall be liable for any loss on breach of the Terms and Conditions contained herein
or contributed or caused loss by negligent actions.
Disclaimer
Canara Bank, when acting in good faith, shall be absolved of any liability in case:
1) The Canara Bank is unable to receive or execute any of the requests from the User or there
is loss of information during processing or transmission or any unauthorized access by any
other person or breach of confidentiality or due to reasons beyond the control of the Canara
Bank.
2) There is any kind of loss, direct or indirect, incurred by the User or any other person due to
any failure or lapse in the facility which are beyond the control of the Canara Bank.
3) There is any failure or delay in transmitting of information or there is any error or
inaccuracy of information or any other consequence arising from any cause beyond the
control of the Bank which may include technology failure, network failure, mechanical
breakdown, power disruption, force majeure, etc.
4) The Canara Bank, its employees, agent or contractors, NPCI shall not be liable for and in
respect of any loss or damage whether direct, indirect or consequential, including but not
limited to loss of revenue, profit, business, contracts, anticipated savings or goodwill,
whether foreseeable or not, suffered by the User or any other person howsoever arising from
or relating to any delay, interruption, suspension, resolution or error of the Canara Bank in
receiving and processing the request and in formulating and returning responses or any
failure, delay, interruption, suspension, restriction, or error in transmission of any
information to and from the mobile phone of the User and the network of any service
provider and the Canara Bank's system or any breakdown, interruption, suspension or failure
of the mobile phone of the User, the Canara Bank's/NPCI’s system.
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Indemnity:
In consideration of Canara Bank providing these facilities, the User agrees to indemnify and
hold the Canara Bank harmless against all actions, claims, demands proceedings, loss,
damages, costs (including attorney fees), charges and expenses which the Canara Bank may at
any time incur, sustain, suffer or be put to as a consequence of or arising out of or in
connection with any services provided to the User pursuant hereto. The User shall indemnify
the Canara Bank for unauthorized access by any third party to any
information/instructions/triggers given/received by the User or breach of confidentiality.
These terms & Conditions are subject to periodic updation. The User understands that
Canara Bank may amend the above terms and conditions at any time without any notice or
assigning any reason whatsoever and such amended Terms and Conditions will thereupon
apply to and be binding on the User and same will be published in our website i.e.,
http://www.canarabank.com/ .
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