TERMS AND CONDITIONS - NO COST EMI
Terms and Conditions of Credit Card/Debit Card No
Cost EMI
The
following terms and conditions apply to No Cost Equated Monthly Instalment
("EMI") transactions made using a credit/debit card issued by
eligible banks during the offer period.
· The below apply only for EMI as a
payment option ("No Cost EMI").
· The No Cost EMI facility is being
offered to the customers who make a purchase transaction on reliancedigital.in
or the mobile site thereof (collectively known as "Reliancedigital.in")
using a credit card or debit card issued by eligible banks using EMI facility;
if available on Reliancedigital.in.
· This offer is valid till 31st
May 2025.
· “No Cost EMI” is made available
on select products and with select banks, as determined from time to time.
· Eligible products will have
details of the eligible banks and card type (credit card or debit card)
mentioned on the Product Description pages under the Finance offers section.
· The product selected should be
the only product in your cart to be eligible for the offer. Any additional
product/service item in the cart/order will automatically disqualify for the
No/Low Cost EMI and/or cashback offer.
· Additional Brand Cashback visible
under " Save More with EMI / Cashback " is available only if the net
product amount is within the threshold. Please check the payment page for final
eligibility of Offer.
· Some banks may charge additional
fees for EMI conversion, please check with issuing bank for any additional
charges or GST on the charges. This is not covered under the "No Cost EMI”
scheme.
· The "No Cost EMI"
payment option can only be availed using the credit card of any bank on
Reliancedigital.in and selected debit cards as determined from time to time.
This is not available on purchases made using any other payment method
including but not limited to net banking, UPI, Wallet or pay on delivery
payment methods.
· Using the "No Cost EMI"
payment option, the customers who undertake the purchase transactions on
Reliancedigital.in, will only pay amounts as follows :
o
The total
of the “principal amount and interest amount” paid during the EMI tenure minus
instant discount or deferred cashback received equals the total amount
mentioned on the invoice (at the time of making the purchase transactions).
o
Reliancedigital.in
will provide amounts equivalent to the EMI interest as an instant discount or
deferred cashback to undertake the purchase transactions on EMI.
· The participating banks/brands
reserve the right to charge Goods and Services Tax (GST) or other applicable
taxes on the purchase transactions undertaken on EMI which will be over and
above the product price.
· Customers cannot add more than
one item to their cart if they want to avail “No Cost EMI”.
· Customers may avail the No Cost
EMI facility, provided that:
o
The order
is not cancelled by the customer
o
The
product is not returned / exchanged by the customer.
· The EMI facility is made
available to the customers by and in the sole discretion of the banks issuing
the credit cards.
· Reliance Retail Limited will not
be liable for any claims on account of availability or non-availability of EMI
facility.
· Individual bank terms and
conditions for the issuing bank on EMI transaction will also be binding for
"No Cost EMI" and "Low Cost EMI" transaction on reliance
retail.
· Reliance Retail is only
responsible for refund of the transaction. Cancellation of loan will be as per
the terms and condition of issuing bank.
· Reliance reserves the right to
change the banks offering the No Cost EMI or stop No Cost EMI payment option at
any time without prior notice and without any liability.
· All Disputes are subject to laws
of India and courts at Mumbai Jurisdiction.