Terms and Condition

Terms of Service ( Terms and Conditions )

TERMS AND CONDITIONS OF CORPORATE CUSTOMERS TERMS AND CONDITIONS OF CORPORATE INTERNET BANKING SERVICE PROVIDED BY GUJARAT STATE CO-OPERATIVE BANK LTD.
1.Definitions: The following words and phrases shall have the meanings as set below unless the context indicates otherwise:
a) "The Bank" refers to GUJARAT STATE CO-OPERATIVE BANK LTD., The Gujarat State Cooperative Bank was established in year 1960 and registered under the Gujarat State Cooperative Societies Act 1961. The Bank is already enjoying the status of a Scheduled Bank and having requisite Banking License..
b) Corporate refers to Public limited Company, Private Limited Company, Partnership Firm, Limited Liability Partnership firm, Sole proprietorship firm, Hindu Undivided Family (HUF), Club, Association of Persons, Trust, Society, Body Corporate, Government Dept. and any other institution falling under this category.
c) "Internet Banking" refers to the Corporate Internet Banking services offered by GUJARAT STATE CO-OPERATIVE BANK LTD. to the Corporate including services such as:
i. Enquiry about balance in the Account/s,
ii. Details about transactions in the Account/s,
iii. Statement of Account/s
iv. Transfer of funds,
v. Any other service as the Bank may provide from time to time through Internet Banking. The availability/non-availability of a particular service shall be communicated to the Corporate through email, website of the Bank or in writing as may be deemed fit by the Bank. Such Internet Banking may be provided by the Bank directly or through its associates or contracted service providers.
d) "Master User" refers to the Person authorized by the Corporate who is the single point contact with/by the Bank and to discharge the functions/duties as mentioned herein.
e) "Password" is a secret series of characters comprising of letters of English alphabet and numeric numbers and/or special characters, that enables a computer User to access a computer network, file, data or programme.
f) "Personal Information" refers to the information provided by the Corporate to the Bank.
f. "Terms" refers to terms and conditions herein for use of Corporate Internet Banking
Services as specified herein and available at the Bank's web site as modified from time to time.
g). "User(s)" refer(s) to authorized person(s) of the corporate who would be actually operating as agent/s of the Corporate, the Internet Banking Services of the Bank and such other related services that may be offered from time to time.
h) "User-id" refers to short collection of letters of English Alphabets and numeric numbers to be used to identify the User who is using the password.
i)."Website" refers to the website owned, established and maintained by the Bank located at the URL www.gscbank.co.in.
j). All other terms shall be construed in their natural grammatical or legal meanings as is properly understood in the industry.

2.Applicability: These Terms form the contract between the Corporate and GUJARAT STATE CO-OPERATIVE BANK LTD. (hereinafter called "the Bank") for availing Internet Banking through all modes of registration available to the Corporate. The Corporates shall apply to the Bank in the prescribed form for use of Internet Banking. The Bank shall be entitled at its sole discretion to accept or reject such application as may be submitted by the Corporates. By applying for or availing of Internet Banking, the Corporate acknowledges and accepts these Terms and conditions. All the services/ products purported to be offered hereunder will be denominated in Indian Currency. No foreign currency transactions or products denominated in foreign currency shall be offered via Internet Banking. These terms will be in addition to and not in derogation of the terms and conditions relating to any account of the Corporates.

3.Internet Banking: For the purpose of availing Internet Banking, the Corporate would need to have legal and valid access to the Internet. The information provided to the Corporate through the Internet Banking is not updated continuously but at regular intervals. Consequently, any information supplied to the Corporate through Internet Banking will pertain to the date and time when it was last updated and not as on the date and time when it is supplied to the Corporate. The Bank shall not be liable for any loss that the Corporate may suffer by relying on or acting on such information. The Bank may keep records of the transactions in any form it wishes. In the event of any dispute, the Bank's records shall be binding as the conclusive evidence of the transactions carried out through Internet Banking unless clear proof that the Bank's records are erroneous or incomplete is made out. Any service, which is offered as a part of Internet Banking, shall be binding on the corporate. If any request for a service is such that it cannot be given effect to unless it is followed up by requisite documentation on the part of the Corporate, the Bank shall not be required to act on the request until it receives such documentation from the Corporate. The Corporate shall ensure that Internet Banking or any related services is not used for any purpose which is illegal, improper or which is not authorized under these Terms and Conditions.

4. Internet Banking Access: On approval of the application received from the Corporate Customer, the Bank would allot a Corporate ID, which is same as the Customer Information File (CIF) Number of the Corporate Customer, separate user ID and password to individual user/s who is/are duly authorized by the Corporate. Corporate's authorized user/s shall use login password for login into the system and transaction password (allotted if opted for transaction facility to a particular user) for doing financial transactions, stop payment of cheques etc. On confirming the acceptance of the passwords from Bank by the Corporate, the bank will activate the access on the Internet Banking Services to the Corporate Customer

5. Internet Banking Password:The Corporate acknowledges, represents and warrants that the password which will be issued to its authorized user/s, provides access to its Account/s and that Corporate is the sole and exclusive owner and accepts sole responsibility for use, confidentiality and protection of the password, as well as for all orders and information changes (i.e., change of address) entered into Account/s using such password. The Corporate and its User unconditionally undertakes to have Internet Banking password of such number of letters/digits as may be notified by the Bank from time to time and ensure that the same is kept confidential; and to not let any unauthorized person have access to the internet while the user is accessing the Internet Banking. If the user forgets the Internet Banking password, the user through the Master User has to request for the issue of a new password by sending a written request to the Bank and this shall not be construed as the commencement of a new contract. The Corporate agrees and acknowledges that the Bank shall in no way be held responsible or liable if the Corporate incurs any loss as a result of information being disclosed by the Bank regarding their Account(s) or carrying the instruction of the Corporate pursuant to the access of the Internet Banking and the Corporate shall fully indemnify and hold harmless the Bank in respect of the same. The Corporate and its user shall maintain the secrecy of all information of confidential nature and shall ensure that the same is not disclosed to any person voluntarily, accidentally or by mistake. The Corporate and its user shall comply with such guidelines, instructions or terms as the Bank may prescribe from time to time with respect to the password.

6. Unauthorized Access: The Corporate and the user shall take all necessary precautions to prevent unauthorized and illegal use of Internet Banking and unauthorized access to the Account/s provided by Internet Banking. The Bank takes all reasonable care to ensure the security of and to prevent unauthorized access to the Internet Banking.

7. Charges: The Bank reserves the right to charge and recover from the Corporate, service charge for providing the Internet Banking, all products and services provided via Internet along with applicable taxes, duties, cess etc. Any change in such service charges will also be notified to the Corporate. The Corporate agrees to make the payment of the services charges, duties, cess, taxes etc. within the time stipulated by the Bank. The Corporate also authorizes the Bank to recover the service charge applicable taxes, duties, cess etc. by debiting to any one of the Accounts of the Corporate. In case of failure on the part of Corporate to make payment of the said amount within the stipulated time or there is no sufficient balance in the account of the Corporate for recovery of the said amount, the Bank is also entitled to recover the same in the manner as the Bank may deem fit along with interest for the delayed period, including suspension of the facility of Internet Banking without any liability to the Bank.

8. Maintenance of Sufficient Balance: The Corporate shall ensure that there are sufficient funds (or prearranged credit facilities) in any Account/s for transactions through the Internet Banking, and the Bank shall not be liable for any consequences arising out of its failure to carry out the instructions due to inadequacy of funds and/or credit facilities provided always that the Bank shall at its sole discretion, be entitled to carry out the instructions notwithstanding such inadequacy without seeking the prior approval from or notice to the Corporate and the Corporate shall be responsible to repay the said amount with interest with monthly rests as applicable to Overdraft, on the amount of resulting overdraft, advance or credit thereby created and for all related to costs and charges. The Bank may, at its discretion, levy penal charges for non-maintenance of the minimum balance. In addition to the minimum balance stipulation the Bank may levy service charges for use of Internet Banking that will be notified by the Bank to the Corporate from time to time. Any change in such service charges will also be notified to the Corporate. The Corporate authorizes the Bank to recover charges related to Internet Banking as determined by the Bank from time to time by debiting any one of the Accounts.

9. Funds Transfer Through Internet Banking:The Corporate accepts that they will be responsible for keying in the correct account number for the fund transfer request. In no case, the Bank will be held liable for any erroneous transaction/s made arising out of or relating to the user entering wrong account numbers. Further, in no case, the Bank will be held liable for any erroneous transactions incurred arising out of or relating to the user entering any incomplete or undecipherable or unreadable or erroneous inputs keyed in by the user. The user shall not use or attempt to use the Internet Banking for funds transfer without sufficient funds in the relative Account or without a pre-existing arrangement with the Bank for the grant of an overdraft. The Bank will endeavor to effect funds transfer transaction received through Internet Banking subject to availability of sufficient funds in the Account/s. The Bank shall specify from time to time the limit for carrying out various kinds of funds transfer or any other services through Internet Banking. The Bank shall not be liable for any omission to effect fund/s transfer or delay in transfer of funds under circumstances beyond its reasonable control. The Bank reserves the right to charge the Corporate for the use of funds transfer by giving due notice on the website about such charges. If funds transfer facility is made available to the Corporate, then Corporate may transfer funds from any of its permitted account(s) to other account(s) including account(s) of third parties maintained with the Bank or any other bank. The Bank shall not be liable for non-payment of bills of the Corporate due to insufficient balance or circumstances beyond the reasonable control of the Bank, including technical problems. The bank shall in no way be responsible for the non-payment of the said bills of the Corporate within the time stipulated and the Corporate alone shall be bound to pay or discharge the same with interest, penalty or charges, if any. All disputes such as excess billing, disconnection of service or facility, wrong credit or debit by the Bank shall be resolved by the Corporate only and the bank shall in no way be responsible for the same. Further, the Bank shall not be called upon to indemnify the Corporate for the same.

10. Master User:Every Corporate has to appoint a Master User and convey the same to Bank along with a copy of the mandate/resolution containing such authorisation. Master User will be the single point of contact for the Bank in all issues relating to Corporate Internet Banking of the Corporate. Master User will be facilitating to disable/enable User/s, set time restrictions for the User/s, perform financial transactions through bulk upload etc. in addition to functionalities available to Users. All operations performed by the Master User will be binding on the Corporate for doing all the aforesaid activities. However, if any corporate desires to have an additional Master User, the Corporate then has to duly appoint such additional Master User and in such an event the Master User and the additional Master shall be empowered to do all the aforesaid acts, deeds, things etc. severally only.

11. Authority to the Bank for Internet Banking:The Corporate irrevocably and unconditionally authorizes the Bank to access all their Account(s) for effecting banking and/or other transactions performed by/ relating to the Corporate through the Internet Banking. The instructions of the Corporate shall be executed only when such instruction is given in accordance with the procedure prescribed by the Bank in that behalf. The Bank shall have no obligation to verify the authenticity of any transaction / instruction received or purported to have been received from the Corporate through Internet Banking or purporting to have been sent by the Corporate other than by means of verification of the Internet Banking user-Id and the password. Records maintained by the Bank of transactions carried out by Corporate using Internet Banking, including but not limited to the time of recording of transaction shall be conclusive proof of the genuineness and accuracy of the transaction and binding on the Corporate for all purposes. While the Bank shall endeavor to carry out the instructions promptly, they shall not be responsible for any delay in carrying on the instructions due to any reason whatsoever, including due to failure of operational systems or any requirement of law.

12. Instructions: All instructions for Internet Banking shall be given through Bank's website or any other device/medium/channel selected by the Bank for the purpose and in the manner indicated by the Bank from time to time. The Corporate is responsible for the accuracy and authenticity of the instructions provided to the Bank and the same shall be considered to be sufficient to operate the Internet Banking. The Bank shall not be required to independently verify the instructions, and the instruction/s shall remain effective till such time the same is countermanded by further instruction by the user. The Bank shall have no liability if it does not or is unable to or prevent the implementation of an instruction, which is subsequently countermanded. Where the Bank considers the instructions to be inconsistent or contradictory it may seek clarification from the Corporate before acting on any such instruction of the Corporate or act upon any such instruction as it deems fit. The Bank is not obliged to keep a record of the instructions given by Corporate through Internet Banking, nor under any obligation to provide such records where it maintains such records at its own discretion. Further, the Bank is not obliged to verify Corporate's instructions given through Internet Banking. The Bank may refuse to comply with the instructions without assigning any reason and shall not be under any duty to assess the prudence or otherwise of any instruction and have the right to suspend the operations through the Internet Banking if it has reason to believe that the Corporate's instructions will lead or expose to direct or indirect loss or may require an indemnity from the Corporate before continuing to operate the Internet Banking. Any instruction, order, direction, request entered using the password of the user shall be deemed to be an instruction, order, directive, request received from the Corporate. All instructions, requests, directives, orders, directions, entered by the user, either electronically or otherwise, are based upon the Corporate's decisions for which Corporate alone is responsible for the same. The Corporate understands that entering an instruction, direction, order, request with the Bank, either electronically or otherwise, does not guarantee execution of such instruction, direction, order, request. The Bank shall not be deemed to have received any instruction, direction, order, request electronically transmitted by the user until it confirms the receipt of such instruction, direction, order, request.

13. Accuracy of Information: The Corporate is responsible for the correctness of information supplied to the Bank for use of the Internet Banking or through any other means such as electronic mail or written communication. The Bank accepts no liability for the consequences arising out of erroneous information supplied by the Corporate. If the Corporate notices an error in the information supplied to the Bank either in the application form or any other communication, they shall immediately advise the Bank which will endeavor to correct the error wherever possible on a "reasonable efforts" basis.

14. Liability of the Corporate: The Bank shall not be liable for any unauthorized transaction occurring through the Internet Banking and the Corporate hereby fully indemnifies and holds the Bank harmless against any action, suit, proceeding initiated against Bank for any loss, costs or damage incurred by the Corporate as a result thereof. The Bank shall under no circumstance be held liable to the Corporate if the Internet Banking is not available in the desired manner for reasons beyond its control including but not limited to natural calamities, legal restraints, faults in the telecommunication network or network failure, or any other reason. Under no circumstances shall the 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, interruption of business for any other reason whatsoever and whether sustained by the Corporate or by any other person. Improper/unauthorized use of the Internet Banking may result in suspension of the operations through the Internet Banking.

15. Disclaimer of Warranties:The Corporate expressly agrees that use of the Website is at their sole risk. The Website is provided on an "as is" and "as available" basis. Except as warranted in the Terms, the Bank expressly disclaims all warranties of any kind, whether express or implied or statutory, including, but not limited to the implied warranties of merchantability, fitness for a particular purpose, data accuracy and completeness, and any warranties relating to non-infringement in Internet Banking. The Bank does not warrant that access to the Website and Internet Banking shall be uninterrupted, timely, secure, or error free nor does it make any warranty as to the results that may be obtained from the Website or use, accuracy or reliability of Internet Banking. The Bank will not be liable for any virus that may enter the user's system as a result of the user using Internet Banking. The Bank does not guarantee to the Corporate or any other third party that Internet Banking would be virus free.

16. Indemnity: The Corporate shall indemnify and keep indemnified, saved, defended harmless the Bank and its Successors and Assigns for all times against all losses, costs, claims, actions, demands, risks, charges, expenses, damages etc., whatsoever which the Bank may suffer and/or incur by reason of/arising out of providing Internet Banking facility to the Corporate or by reason of the Bank in good faith taking or refusing to take or omitting to take action on any instruction/s given by the Corporate/Master User/User.

17. Disclosure of Information: The Corporate agrees that the Bank or their contractors may hold and process their personal Information and all other information concerning their Account(s) on computer or otherwise in connection with the Internet Banking as well as for analysis, marketing etc. The Corporate also agrees that the Bank may disclose, in strict confidence, to other institutions, such personal Information as may be reasonably necessary for reasons inclusive of but not limited to participation in any telecommunication or electronic clearing network, in compliance with a legal directive, for credit rating by recognized credit scoring agencies, or for fraud prevention purposes etc.

18. Change of Terms: The Bank shall have the absolute discretion to amend or supplement any of the Terms and conditions at any time and will endeavor to give prior notice for such changes wherever feasible. Such change to the Terms shall be deemed to have been communicated to the Corporate, if the same is displayed in the Bank's website. By using any new services as may be introduced by the Bank, the Corporate shall be deemed to have accepted the changed Terms.

19. Non-Transferability: The grant of Internet Banking to a Corporate is not transferable under any circumstance and shall be used only by the Corporate to which it is given.

20. Notices: Notices under these Terms and Conditions may be given by the Bank and the Corporate in writing by delivering them by hand or by sending them by post to the last address given by the Corporate and in the case of the Bank to its corporate office address as set out hereinabove. The Bank may also publish notices of general nature, which are applicable to all Corporate in a newspaper or on its web site located at www.gscbank.co.in and/or www.gscbank.co.in. Such notices will have the same effect as a notice served individually to each Corporate. Notice/s and instructions sent by post will be deemed to have been served 7 days after posting and in case of service by any other mode, it will be deemed to have been served immediately upon receipt/display on bank's website/publication as the case may be.

21. Governing Law & Jurisdiction: The Terms and Conditions and/or operations in the Accounts of the Corporate through Internet Banking shall be governed by the Indian Laws only. The Parties hereby agree that any legal action or proceedings arising out of the Terms and Conditions for Internet Banking shall be brought in the Courts or Tribunals at Ahmedabad in India and irrevocably submit themselves to the jurisdiction of such courts and Tribunals. The Bank may, however, in its absolute discretion, commence any legal action or proceedings arising out of the Terms and Conditions for Internet Banking in any other Court, Tribunal or other appropriate forum, and the Corporate hereby consents to such jurisdiction. Any provision of the Terms and Conditions for Internet Banking is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of prohibition or unenforceability but shall not invalidate the remaining provisions of the Terms and Conditions or affect such provision in any other jurisdiction.

22. Applicability To Future Accounts: The Bank and the Corporate agree that as and when the Bank extends the Internet Banking to any other Account/s or product/s or service/s the Corporate if opts for use thereof, then in addition to the specific terms and conditions applicable to the said account/s, product/s, service/s, the terms and conditions of this agreement shall automatically apply to same for the use of the Internet Banking by the Corporate.

23. Assignment: The Bank may assign or sub-contract and employ agents to carry out any of its obligations under this contract. However, the Corporate shall not be entitled to transfer or assign any of their rights and obligations.

24. Bank's right of set-off and Lien:The Bank shall have the right of set-off and lien, irrespective of any other lien or charge, present as well as future, on the balance in the account/s/ deposit/s/ of the Corporate whether in single name or joint name/s, to the extent of all outstanding dues, whatsoever, arising as a result of the Internet Banking extended to and/ or used by the Corporate or otherwise. Further, the Bank shall have such lien on any of the goods bailed to it for the outstanding dues said above.

25. Proprietary Rights: The Bank shall make reasonable efforts to advise from time to time the Internet software such as browsers that are required for availing of Internet Banking. There will be no obligation on the Bank to support all or any versions of the Internet software as may be required for offering Internet Banking. The Corporate acknowledges that the software underlying the Internet Banking as well as other Internet related software which are required for accessing Internet Banking are the legal property of the respective vendors or the Bank. The permission given by the Bank to access Internet Banking will not convey any proprietary or ownership rights in such software. The Corporate shall not attempt to modify, translate, disassemble or reverse engineer the software underlying Internet Banking or create any derivative product based on the software.

26. Communications through Electronic means: Documents sent by electronic delivery will contain all the information as it appears in the printed hard copy version as prepared and distributed by the originator, with the possible exception of graphic insertions such as photographs or logotypes. Electronic delivery may be in the form of an electronic mail, an attachment to the electronic mail, or in the form of an available download from the Website. Any communication addressed to the User by the Bank is deemed to have been addressed to the Corporate as well. Similarly, any communication and/or action of the User through the Corporate Internet Banking Services offered by the Bank will be legally binding on the Corporate. The Bank would be deemed to have fulfilled its legal obligation to deliver to the Corporate any document if such document is sent via electronic means. Failure to advise the Bank of any difficulty in opening a document so delivered within twenty-four (24) hours after delivery shall be deemed as acceptance of the document.

27. Internet Fraud & Technology Risks:The Corporate hereby acknowledges that, Corporate is utilizing Internet Banking at their own risk and shall bear all those risks naturally happen in the Internet banking. Bank does not give any warrantee, guarantee, representation, promise, agree or acknowledge in any form that it will bear any of the risks or loss or damage or fraud associated with the arrangement of internet banking with the Corporate. These risks might include the following risks:
(i) Misuse of password: The Corporate must aware that, if any unauthorized/third person obtains access to the password would be able to have access to the Internet Banking and may misuse the password. In such case, the Bank shall not be liable for any loss, damage sustained by the Corporate. The Corporate shall interalia ensure that the terms and conditions applicable to the use of the password as contained in the Internet Banking Password Terms are complied with at all times.
(ii) Internet Frauds: The Internet perse is susceptible to a number of frauds, misuse, hacking, phishing and other actions, which could affect instructions given to the Bank. Whilst the Bank do takes steps to provide security to prevent the same but there cannot be any guarantee for prevention of such Internet frauds, hacking and other actions, which could affect the instructions given to the Bank. The Corporate shall separately evaluate all risks arising out of the same.
(iii) Mistakes and Errors: The Corporate is aware that they are required to mention correct details. In the event of any inaccuracy in this regard, the funds could be transferred to incorrect accounts, for which the Bank shall not be liable. The Corporate will ensure that there are no mistakes and errors and the information/ instructions given by the Corporate to the Bank in this regard are without error, accurate, proper and complete at all points of time. On the other hand, in the event of the account/s of Corporate receiving an incorrect credit by reason of a mistake, the Corporate shall immediately inform and return such amounts to the Bank together with interest at such rates determined by the Bank, till repayment. The Bank shall also be entitled to recover such amounts together with interest as above and reverse the incorrect credit at any time whatsoever without prior notice / consent of the Corporate. The Corporate shall be liable and responsible to the Bank and shall accede and accept instructions of the Bank without questions for any unfair or unjust gain obtained by them.
(iv) Transactions: In case, the transactions as per User's instructions under Internet Banking do not fructify or not completed for any reason whatsoever, then the User/ Corporate shall not hold the Bank responsible or involved in any manner in the said transaction(s) and User's sole recourse in this regard shall be with the party to whom User's instructions were favoring. The Bank is merely providing the services to the Corporate and the Bank shall not be responsible in this regard.
(v)Technological Risks: The technology for enabling Internet Banking offered by the Bank could be affected by virus or other malicious, destructive or corrupting code or program. It may also be possible that the site of the Bank may require maintenance/repairs and during such time it may not be possible to process the request of the Corporates. This could result in delays in processing of instructions or failure in the processing of instructions and other such failures and mobility. The Corporate undertakes and agrees that the Bank disclaims all and any liability, whether direct or indirect, arising out of loss of profit or otherwise arising out of any failure or inability by the Bank to honor Corporate's instructions for whatsoever reason. The Bank shall not be liable if the instruction given by the Corporate is not received correctly and/or is not complete and/or is not in readable form.
The Corporate understands and accepts that the Bank shall not be responsible for any of the aforesaid risks. The Corporate also accepts that the Bank shall disclaim all liability in respect of the said risks.

28. General:The clause headings herein are for only for convenience and do not affect the meaning of the relative clause. Internet Banking service would be available to the Corporates in certain cities only and during timings specified by the Bank from time to time and transactions would be carried out on the same day or on the next working day depending upon the time of logging of the transactions. The Corporate should ensure that the equipment used for availing of Internet Banking meets the criteria as may be specified by the Bank from time to time. All costs incurred by the Corporate including telecommunication costs to use the Internet Banking would be borne by the Corporate. These terms and conditions contained herein are the entire agreement (except as otherwise expressly provided herein) and supersede and replace any previously made proposals, representations, understandings and agreements, express or implied, either oral or in writing between the Corporate and the Bank for Internet Banking. The Corporate acknowledges that it has not relied on any representation made by the Bank or any of its employees or agents and has made its own independent assessment of Internet Banking. No third party will have any right or claim under these terms and conditions.

29. Termination of Internet Banking:The Corporate may request for termination of the Internet Banking any time by giving a prior notice in writing through the Master User as per Bank's record. The Corporate will remain responsible for any transactions made through the Internet Banking until the time of actual termination. The Bank may withdraw the Corporate Internet Banking facility anytime after giving reasonable notice to the Corporate/User through the website or through any other mode as bank deems fit. The Bank may withdraw or terminate the Internet Banking anytime without giving prior notice if the corporate/user has committed breach of any of the terms and conditions contained herein or if the bank comes to know that about the death, bankruptcy, legal incapacity of the Corporate/Master User/User. The closure of account by the Corporate will automatically terminate the Corporate Internet Banking Service. Clause 16 & 17 shall survive the termination of the Internet Banking for any reason whatsoever.