BookMyForex - YBL Forex Card Customer Declaration and Undertaking

Undertaking and declaration for new card Application

• I hereby apply for the issue of a BookMyForex Multi Currency Forex Card to me and declare that the information included in the application is true and correct and that I am eligible to apply for an internationally valid Card.
• If this application is accepted, I will be bound by the Terms and Conditions governing the BookMyForex Multi Currency Forex Card, as may be in force from time to time and use of the Card shall be deemed to be acceptance of those Terms and Conditions.
• I authorize BookMyForex and / or its associates to verify any information or otherwise at my office / residence or to contact me, my employer / banker / credit bureau / RBI or any other source to obtain or provide any information that may be required for maintaining any account in good standing.
• I understand and acknowledge that local laws and Reserve Bank of India rules and regulations lay down norms and limits for the purchase and use of foreign exchange.
• I undertake that the usage of the BookMyForex Multi Currency Forex Card by me will be in accordance with the Exchange Control Regulations of the Reserve Bank of India and the applicable laws in-force from time to time, in particular and without limitation, to the Foreign Exchange Management Act, 1999.
• In the event of any failure on my part to do so, in the event of any information supplied by me being incorrect or inaccurate, I agree that I will be solely liable for any / all penalties and / or action under local laws and / or regulations as may be in force, governing the purchase and use of the BookMyForex Multi Currency Forex Card.
• I agree and acknowledge that BookMyForex will act on requests made by any persons for reload of the BookMyForex Multi Currency Forex Card issued to me.
• In case of BookMyForex Multi Currency Forex Card issued to me at the requests of my employer, I hereby authorize BookMyForex to act on the requests made by my employer for reload, cancellation and refund of the BookMyForex Multi Currency Forex Card.
• I understand and take responsibility to surrender any unutilized balances of value greater than $ 2,000 (or equivalent) on the Card within 180 days from completion of my travel as per the FEMA guidelines.
• I understand that there can be scenarios when a Multi Currency Forex Card can get over-utilized, resulting in the Book My Forex Pvt Ltd paying on behalf of the Cardholder, and the Card getting into a negative balance.
• I understand and take responsibility to make good this negative Card balance to BookMyForex, as Book My Forex Pvt Ltd has paid this sum for the goods/services utilized by me. I also accept that BookMyForex or YES BANK reserves the right to regularize negative Card balance by debiting my accounts or any other Prepaid Card held with any bank without giving any prior notice.
• I acknowledge that I carry the risks of reloading a wrong Card number by communicating a wrong Card number to BookMyForex. I understand that BookMyForex cannot be held responsible for the same.
• I agree and acknowledge that the fees are nonrefundable.
• I understand that ATMs / EDC terminals are machines and errors could occur while in operation. I agree to indemnify BookMyForex and YES BANK for any such machine / mechanical errors / failures.
• I understand that the Alert facility offered by Book My Forex Pvt Ltd will enable me to receive customized Alert messages through the Short Messaging Service ("SMS") over my mobile phone, as chosen by me, with respect to events and transactions on my Card.
• I have read and understood the Terms and Conditions relating to the Alerts service being offered by BookMyForex. If this Application Form is accepted I shall be bound by the said Terms and Conditions as in force, and as may be amended by BookMyForex and use of Alert facility will be deemed to be acceptance of those Terms and Conditions.
• I certify that the details furnished in this Application Form are correct and I give my consent to receive such information under this Alert Facility. I shall advise BookMyForex immediately in the agreed manner as acceptable to BookMyForex, in case of any change in any of the above details & information given in this Registration Form.
• I agree to provide any further information and necessary documentation or any additional KYC required and demanded by BookMyForex, from time to time with respect to the regulatory and statutory guidelines.
• I acknowledge having received a sealed BookMyForex Multi Currency Forex Card kit.
• I hereby agree that the BookMyForex Multi Currency Forex Card will not be funded by BookMyForex in the event there is any breach of the limits as prescribed under FEMA, and as applicable to me or if there is any discrepancy/breach of the KYC requirements and I shall not hold BookMyForex or YES BANK liable for nonfunding due to the reasons mentioned aforesaid.
• The Cardholder hereby unconditionally and irrevocably authorizes the Bank to block/ cancel or terminate the Card, in the event, details of the Cardholder or any of the transaction on the Card comes under the category of any of the prudent list of the Bank/RBI or any other statutory authority or the Cardholder's validation fails against NSDL.
• Further, the Cardholder hereby agrees and confirm that upon cancellation/ termination of the Card, the Cardholder shall approach the Bank for refund of the balance, if any, on the Card as per the refund process of the Bank applicable on the Card.

Declaration under FEMA 1999 as per Form A2: I / We hereby declare that:

• The total amount of foreign exchange purchased from or remitted through, all sources in India, during this financial year including this application is within USD 2,50,000 (USD Two Lakh Fifty thousand only) the annual limit prescribed by Reserve Bank of India for the said purpose#
• Foreign exchange purchased from me is for the purpose indicated in section Details of Travel. (*Strike out whichever is not applicable)

Declaration-cum-undertaking under Sec 10(5), Chapter III of FEMA 1999:

• I/We hereby declare that the transaction details of which are mentioned above does not involve, and is not designed for the purpose of any contravention or evasion of the provisions of the aforesaid Act, or of any rule, regulation, notification, direction or order made there under.
• I/We also understand that if I/we refuse to comply with any such requirement or make only unsatisfactory compliance therewith, the Bank shall refuse, in writing, to understand the transaction and shall, if it has reason to believe that any contravention/evasion is contemplated by me/us, report the matter to RBI.
• We also hereby agree and undertake to give such information/documents as will reasonable satisfy you about this transaction, in terms of the above declaration.

Declaration under Liberalized Remittance Scheme for Resident Individuals:

• We hereby declare that the total amount of foreign exchange purchased form or remitted through, all sources in India during the financial year including this application is within the overall limit of the Liberalized Remittance Scheme prescribed by the Reserve Bank of India and certify that source of funds for making the said remittance belongs to me and the foreign exchange will not be used for prohibited purposes.
• I am person resident in India. I am not a Foreign National/NRI/PIO.
• The remittance would be utilized for permitted Capital & Current Account transactions only.
• I have not availed any loan/credit/borrowing for remitting under Liberalized Remittance Scheme for Capital Account transactions.
  1. The remittance is not being requested for any transaction not permissible under FEMA and those in the nature of remittance for margins or margin calls to overseas exchange/overseas counter party are not allowed under the Scheme.
  2. The Scheme is not available for capital account remittances to countries identified by Financial Action Task Force (FATF) as non-co-operative countries and territories as available on FATF website www.fatf-gafi.org or as notified by the Reserve Bank.
  3. The remittance is not being sent for purchase of FCCBs issued by Indian companies in the overseas secondary market.
  4. The remittance is not being sent for trading in foreign exchange abroad.
  5. We undertake to make all Capital A/c transactions under LRS from YES BANK only.
Declaration from Tour Operators I/We confirm that the remittance is being made for travel arrangements of  Resident Individuals as per enclosed list. The remittance made is within the limits prescribed by the Reserve Bank of India for the resident individuals under the Liberalized Remittance Scheme (ii) Foreign tourists as per enclosed list. The amount of remittance does not exceed the amount of foreign exchange remitted to India by the foreign tourists.

General Declaration

• The Purpose and transaction details as mentioned above are true to the best of my knowledge.
• We shall be responsible and liable for any incorrect details provided by me/us.
• The remittance is not being requested for any purpose specifically prohibited under Schedule I or any item restricted under Schedule II of Foreign Exchange Management (Current Account Transaction) Rules, 2000.
• The remittance is not being sent directly or indirectly to Nepal and Bhutan.
• The remittance is not being sent directly or indirectly to those individuals and entities identified as posing significant risk of committing acts terrorism as advised separately by the RBI to the banks.
• The transaction mentioned above does not involve, and is not designed for any purpose for which the drawl of foreign exchange is prohibited under Rule 3 of the Foreign Exchange Management (Current Account Transactions) Rules, 2000, read with Schedule I there of viz: a. Remittance out of lottery winnings. b. Remittance of income from racing/riding, etc. or any other hobby c. Remittance for purchase of lottery tickets, banned/proscribed magazines, football pools, sweepstakes, schemes involving money circulation, securing prize money/awards, etc. d. Payment of commission on exports made towards equity investment in Joints Ventures/Wholly Owned Subsidiaries abroad of Indian companies. e. Remittance of dividends by any company, to which the requirement of dividend balancing is applicable. f. Payment of commission on exports under the Rupee State Credit Route, except commission up to 10% of invoice value of exports of tea and tobacco. g. Payment related to "Call Back Services" of telephones. h. Remittance of interest income on funds held in the Non-Resident Special Rupee Account Scheme. i. Travel to Nepal and/or Bhutan j. A transaction with a person residing in Nepal or Bhutan.
• I/We agree that submission of request does not necessarily imply processing of the transaction. YES BANK has full rights to reject the transaction based on regulatory and internal guidelines
• I/We agree that in the event the transaction is cancelled or revoked by me/us after submitting the request for processing to the bank, exchange losses may occur and be absorbed by me/us.
• I/We agree that once the funds remitted by me/us have been transmitted by YES BANK to the correspondent and/or beneficiary bank, YES BANK shall not be responsible for any delays in the disbursement of such funds, including the withholding of such funds by the correspondent and/or beneficiary bank.
• I/We agree that once the funds remitted by me/us have been transmitted by YES BANK intermediary bank charges may be levied by correspondent and/or beneficiary banks, which may vary from bank to bank.
• I/We agree that in the event the transaction being rejected by the beneficiary bank, because of incorrect information submitted by me, any charges levied by the beneficiary bank or exchange losses incurred in this connection can be charged to my YES BANK account.
• I/We further declare that the undersigned has the authority to give this application, declaration and undertaking on behalf of the firm/company. (Applicable when the application/declaration/undertaking is signed on behalf of the firm/company)

Undertaking and declaration for card reloads:

• I hereby apply for the issue of a BookMyForex Multi Currency Forex Card to me and declare that the information included in the application is true and correct and that I am eligible to apply for an internationally valid Card. If this application is accepted, I will be bound by the Terms and Conditions governing the BookMyForex Multi Currency Forex Card, as may be in force from time to time and use of the Card shall be deemed to be acceptance of those Terms and Conditions.
• I authorize BookMyForex and / or its associates to verify any information or otherwise at my office / residence or to contact me, my employer / banker / credit bureau / RBI or any other source to obtain or provide any information that may be required for maintaining any account in good standing.
• I understand and acknowledge that local laws and Reserve Bank of India rules and regulations lay down norms and limits for the purchase and use of foreign exchange.
• I undertake that the usage of the BookMyForex Multi Currency Forex Card by me will be in accordance with the Exchange Control Regulations of the Reserve Bank of India and the applicable laws in-force from time to time, in particular and without limitation, to the Foreign Exchange Management Act, 1999. In the event of any failure on my part to do so, in the event of any information supplied by me being incorrect or inaccurate, I agree that I will be solely liable for any / all penalties and / or action under local laws and / or regulations as may be in force, governing the purchase and use of the BookMyForex Multi Currency Forex Card.
• I agree and acknowledge that BookMyForex will act on requests made by any persons for reload of the BookMyForex Multi Currency Forex Card issued to me.
• In case of BookMyForex Multi Currency Forex Card issued to me at the requests of my employer, I hereby authorize BookMyForex to act on the requests made by my employer for reload, cancellation and refund of the BookMyForex Multi Currency Forex Card.
• I understand and take responsibility to surrender any unutilized balances of value greater than $ 2,000 (or equivalent) on the Card within 180 days from completion of my travel as per the FEMA guidelines.
• I understand that there can be scenarios when a Multi Currency Forex Card can get over-utilized, resulting in the Book My Forex Pvt Ltd paying on behalf of the Cardholder, and the Card getting into a negative balance. I understand and take responsibility to make good this negative Card balance to BookMyForex, as Book My Forex Pvt Ltd has paid this sum for the goods/services utilized by me. I also accept that BookMyForex or YES BANK reserves the right to regularize negative Card balance by debiting my accounts or any other Prepaid Card held with any bank without giving any prior notice.
• I acknowledge that I carry the risks of reloading a wrong Card number by communicating a wrong Card number to BookMyForex. I understand that BookMyForex cannot be held responsible for the same.
• I agree and acknowledge that the fees are nonrefundable.
• I understand that ATMs / EDC terminals are machines and errors could occur while in operation. I agree to indemnify BookMyForex and YES BANK for any such machine / mechanical errors / failures.
• I understand that the Alert facility offered by Book My Forex Pvt Ltd will enable me to receive customized Alert messages through the Short Messaging Service ("SMS") over my mobile phone, as chosen by me, with respect to events and transactions on my Card.
• I have read and understood the Terms and Conditions relating to the Alerts service being offered by BookMyForex. If this Application Form is accepted I shall be bound by the said Terms and Conditions as in force, and as may be amended by BookMyForex and use of Alert facility will be deemed to be acceptance of those Terms and Conditions.
• I certify that the details furnished in this Application Form are correct and I give my consent to receive such information under this Alert Facility. I shall advise BookMyForex immediately in the agreed manner as acceptable to BookMyForex, in case of any change in any of the above details & information given in this Registration Form.
• I agree to provide any further information and necessary documentation or any additional KYC required and demanded by BookMyForex, from time to time with respect to the regulatory and statutory guidelines.
• I acknowledge having received a sealed BookMyForex Multi Currency Forex Card kit.
• I hereby agree that the BookMyForex Multi Currency Forex Card will not be funded by BookMyForex in the event there is any breach of the limits as prescribed under FEMA, and as applicable to me or if there is any discrepancy/breach of the KYC requirements and I shall not hold BookMyForex or YES BANK liable for nonfunding due to the reasons mentioned aforesaid.
• The Cardholder hereby unconditionally and irrevocably authorizes the Bank to block/ cancel or terminate the Card, in the event, details of the Cardholder or any of the transaction on the Card comes under the category of any of the prudent list of the Bank/RBI or any other statutory authority or the Cardholder's validation fails against NSDL. Further, the Cardholder hereby agrees and confirm that upon cancellation/ termination of the Card, the Cardholder shall approach the Bank for refund of the balance, if any, on the Card as per the refund process of the Bank applicable on the Card.

Declaration under FEMA 1999 as per Form A2: I / We hereby declare that:

• The total amount of foreign exchange purchased from or remitted through, all sources in India, during this financial year including this application is within USD 2,50,000 (USD Two Lakh Fifty thousand only) the annual limit prescribed by Reserve Bank of India for the said purpose#
• Foreign exchange purchased from me is for the purpose indicated in section Details of Travel. (*Strike out whichever is not applicable)

Declaration-cum-undertaking under Sec 10(5), Chapter III of FEMA 1999:

• I/We hereby declare that the transaction details of which are mentioned above does not involve, and is not designed for the purpose of any contravention or evasion of the provisions of the aforesaid Act, or of any rule, regulation, notification, direction or order made there under.
• I/We also understand that if I/we refuse to comply with any such requirement or make only unsatisfactory compliance therewith, the Bank shall refuse, in writing, to understand the transaction and shall, if it has reason to believe that any contravention/evasion is contemplated by me/us, report the matter to RBI.
• We also hereby agree and undertake to give such information/documents as will reasonable satisfy you about this transaction, in terms of the above declaration.

Declaration under Liberalized Remittance Scheme for Resident Individuals:

• We hereby declare that the total amount of foreign exchange purchased form or remitted through, all sources in India during the financial year including this application is within the overall limit of the Liberalized Remittance Scheme prescribed by the Reserve Bank of India and certify that source of funds for making the said remittance belongs to me and the foreign exchange will not be used for prohibited purposes.
• I am person resident in India. I am not a Foreign National/NRI/PIO.
• The remittance would be utilized for permitted Capital & Current Account transactions only.
• I have not availed any loan/credit/borrowing for remitting under Liberalized Remittance Scheme for Capital Account transactions.
  1. The remittance is not being requested for any transaction not permissible under FEMA and those in the nature of remittance for margins or margin calls to overseas exchange/overseas counter party are not allowed under the Scheme.
  2. The Scheme is not available for capital account remittances to countries identified by Financial Action Task Force (FATF) as non-co-operative countries and territories as available on FATF website www.fatf-gafi.org or as notified by the Reserve Bank.
  3. The remittance is not being sent for purchase of FCCBs issued by Indian companies in the overseas secondary market.
  4. The remittance is not being sent for trading in foreign exchange abroad.
  5. We undertake to make all Capital A/c transactions under LRS from YES BANK only.
Declaration from Tour Operators I/We confirm that the remittance is being made for travel arrangements of  Resident Individuals as per enclosed list. The remittance made is within the limits prescribed by the Reserve Bank of India for the resident individuals under the Liberalized Remittance Scheme (ii) Foreign tourists as per enclosed list. The amount of remittance does not exceed the amount of foreign exchange remitted to India by the foreign tourists.

General Declaration

• The Purpose and transaction details as mentioned above are true to the best of my knowledge.
• We shall be responsible and liable for any incorrect details provided by me/us.
• The remittance is not being requested for any purpose specifically prohibited under Schedule I or any item restricted under Schedule II of Foreign Exchange Management (Current Account Transaction) Rules, 2000.
• The remittance is not being sent directly or indirectly to Nepal and Bhutan.
• The remittance is not being sent directly or indirectly to those individuals and entities identified as posing significant risk of committing acts terrorism as advised separately by the RBI to the banks.
• The transaction mentioned above does not involve, and is not designed for any purpose for which the drawl of foreign exchange is prohibited under Rule 3 of the Foreign Exchange Management (Current Account Transactions) Rules, 2000, read with Schedule I there of viz: a. Remittance out of lottery winnings. b. Remittance of income from racing/riding, etc. or any other hobby c. Remittance for purchase of lottery tickets, banned/proscribed magazines, football pools, sweepstakes, schemes involving money circulation, securing prize money/awards, etc. d. Payment of commission on exports made towards equity investment in Joints Ventures/Wholly Owned Subsidiaries abroad of Indian companies. e. Remittance of dividends by any company, to which the requirement of dividend balancing is applicable. f. Payment of commission on exports under the Rupee State Credit Route, except commission up to 10% of invoice value of exports of tea and tobacco. g. Payment related to "Call Back Services" of telephones. h. Remittance of interest income on funds held in the Non-Resident Special Rupee Account Scheme. i. Travel to Nepal and/or Bhutan j. A transaction with a person residing in Nepal or Bhutan.
• I/We agree that submission of request does not necessarily imply processing of the transaction. YES BANK has full rights to reject the transaction based on regulatory and internal guidelines
• I/We agree that in the event the transaction is cancelled or revoked by me/us after submitting the request for processing to the bank, exchange losses may occur and be absorbed by me/us.
• I/We agree that once the funds remitted by me/us have been transmitted by YES BANK to the correspondent and/or beneficiary bank, YES BANK shall not be responsible for any delays in the disbursement of such funds, including the withholding of such funds by the correspondent and/or beneficiary bank.
• I/We agree that once the funds remitted by me/us have been transmitted by YES BANK intermediary bank charges may be levied by correspondent and/or beneficiary banks, which may vary from bank to bank.
• I/We agree that in the event the transaction being rejected by the beneficiary bank, because of incorrect information submitted by me, any charges levied by the beneficiary bank or exchange losses incurred in this connection can be charged to my YES BANK account.
• I/We further declare that the undersigned has the authority to give this application, declaration and undertaking on behalf of the firm/company. (Applicable when the application/declaration/undertaking is signed on behalf of the firm/company)

Undertaking and declaration for card unloads:

• I am a resident Indian and I am eligible to get a refund towards the value of foreign exchange available on my Forex Card.
• I agree and accept that submission of my request does not necessarily imply
processing of transaction. BookMyForex reserves the right to reject the transaction based on regulatory and internal guidelines.
• I understand and acknowledge that the local laws and RBI guidelines and
regulations, norms and limits are applicable for purchase, refund and use of foreign exchange via Forex Card or otherwise and I agree and undertake to abide by all applicable laws in relation to the same.
• I agree that I will be solely liable for any penalties and / or action under the local laws and/or regulations as may be in force, governing the purchase, refund and use of Forex Card issued by BookMyForex
Terms & Conditions
I/We, the undersigned being a customer of Book My Forex Pvt Ltd. (hereinafter referred to as "BookMyForex") hereby confirm that I/We have read, understood and agree to abide and be bound by all the
provisions of the terms & conditions as displayed on the website: www.bookmyforex.com which govern the provisions of the various services/facilities provided at present / that may be provided in future. I/
We understand that BookMyForex may at its sole discretion. at any time and from time to time, without prior or post intimation to me/us, add, alter or modify any of the said terms and conditions and that I/
We hereby agree to abide and be bound by all such changes as if they form part of the terms and conditions and that any transaction with BookMyForex and/or usage of any services by me/us subsequent
to such change shall be deemed and tantamount to my/our acceptance of all such changes.