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Savings Account Activation Offer : Terms and Conditions

  1. Definitions
    1. Bank: Standard Chartered Bank in India.
    2. Client/s: Client means client from the personal, premium or priority non-employee banking segment who has opened a new savings account with the Bank through the Banks digital channel i.e. sc.com.
    3. Offer: Offer means Clients who have opened a new savings account during the Offer Period, will be eligible to receive an Amazon voucher on making Transaction on debit card within 30 days of account opening as described in the table in clause 2.1 below, and on the terms more particularly described in clause 2 on offer details hereinbelow.
    4. Offer Period: May 7, 2021 (12:00:00 AM) to June 30, 2021 (11:59:59 PM).
    5. Transaction: Transactions means online or on a point of sale. ATM cash withdrawals will not qualify as a transaction under this Offer.
    6. Void Transactions:
      a) Transaction which is either unsuccessful or cancelled/rejected by the Bank; or
      b) transactions which are followed up with partial or full reversals; or
      c) transactions that are cancelled by the Client.
  1. Offer Details
    1. Client is eligible to receive an Amazon voucher on making a Transaction on Banks debit card within 30 days of account opening during the Offer Period. Value of Amazon voucher will be based on the Transaction value charged on the Banks debit card as shown in table below –
      Debit Card Transaction value Amazon Voucher
      INR 1000/- – INR 4999/- INR 250/-
      INR 5000/- – INR 9999/- INR 500/-
      Above INR 10000/- INR 750/-
    2. Client should open a new savings account with the Bank through the Banks digital channel i.e. sc.com during the Offer Period; and
    3. Client should make a minimum debit card Transaction of INR 1000/- (Rupees One Thousand only) within 30 days of savings account opening. Void Transactions shall not qualify for the Offer; and
    4. Client should maintain a Monthly Average Balance (MAB) as per the segment requirement of the savings account within 30 days of savings account opening.
                     
      For the purpose of illustration, If the client has opened a savings account in March ’2021 then the client needs to maintain Minimum Average balance requirement by April ’2021 and spend a minimum of Rs. 1000/- (Rupees One Thousand only) on the Bank Debit Card within 30 days of savings account opening, to qualify for the offer
  1. This Offer is valid for Personal, Premium and Priority segment Bank clients, who have received the Offer communication from the Bank through email, SMS or banners on internet banking.
  1. Amazon voucher will be sent by the Bank to the customer within 2 months from the end of the Offer Period. The Bank will send the Amazon voucher on the registered mobile number or to the registered email address of the Clients meeting the Offer terms. Amazon voucher terms shall apply for redemption of the voucher.
  1. General Terms and Conditions
    1. The Bank reserves the right to modify/change all or any of the terms applicable to this offer. The Bank also reserves the right to modify, withdraw or discontinue the offer without assigning any reasons whatsoever. Neither anything contained in these terms and conditions, nor shall running this offer be construed as an obligation on the Bank to continue the offer up to the termination/expiry date.
    2. Participation in this Offer is entirely voluntary and it is agreed and understood by the participants that participation shall be deemed to have been made on a voluntary basis.
    3. The offer is non-transferable.
    4. The offer shall not be available wherever it is prohibited under law and/or cannot be made for any reason whatsoever.
    5. All disputes under this offer are subject to the exclusive jurisdiction of the competent courts/tribunals of Mumbai.
    6. The Bank shall not be obliged to make any public announcements of the results of the Offer. In all matters relating to this Offer, the decision of the Bank shall be final and binding.
    7. By participating in this Offer, the participants agree to be bound by the terms and conditions contained herein.
    8. Any tax or other liabilities or charges payable to the government or any other statutory authority/body or any participating establishment, which may arise or accrue to the participants, shall be solely borne by the participants.