1.      You will now be re-directed to the webpage / domain hosted by Perfios Software Solutions Pvt. Ltd. (“Perfios Page”) who is a service provider of HDFC Bank for limited purposes. 

2.      Even if any Bank logo appears therein please note that the Perfios Page is a not a Bank controlled page and is controlled and operated by Perfios.

3.      On the Perfios Page you will be provided certain options for providing your bank account statement through Perfios such as: (i) by uploading your bank account statement; (ii) providing your bank account statement through various Account Aggregators; and (iii) providing/ fetching your bank account statement by logging in using your netbanking credentials.

4.      Please note that while the above options are being enabled through a service provider of the Bank the Bank is not endorsing any of the options and you are requested to choose from amongst the options independently and at your sole discretion.

5.      As far as the option of logging in using your netbanking credentials please note that the same shall be a matter between you and Perfios and that the Bank is not certifying this mode and that you are cognizant that you have other options of providing your bank account statement and by choosing this option you are conscious of the risks involved in using your netbanking credentials and the Bank does not undertake any responsibility or liability for the same as it is a matter between you and Perfios.

6.      In case you the Account Aggregator option you will have the discretion to enter your pre-existing Account Aggregator handle if any. However in case the Bank does not have a tie-up with such Account Aggregator you will need to select another Account Aggregator of your choice to create a new handle for the purposes of obtaining financial information and sharing the same with the Bank (as a Financial Information User) should you choose to proceed further in the process. In case you do not wish to create a new handle with any other Account Aggregator you are free select the other options or opt out of this process. Nothing contained herein shall be construed to limit your choices.

7.      For any activity that takes place through Account Aggregator mode it will be a matter between you and the Account Aggregator (since the Bank does not control the platform of the Account Aggregator) and only the financial information shall be submitted to the Bank which financial information will be subject to your consent as mentioned in Clause 11 below.

8.      Further please note that by providing the bank account statements and other data through Perfios you understand that the Bank shall be responsible only for the data that it receives and that there will be times where the data will be with Perfios and not in the control or environment of the Bank.

9.      You shall be responsible for the consent you provide on the Perfios Page and any consent or acceptance of any terms beyond the purpose of use by the Bank of your data shall be deemed to be a contract between you and Perfios and the Bank cannot be held liable for the same.

10.  Please note that internet as a medium is subject to associated risks and any of your log in and access credentials should not be shared or disclosed by you to any person and it requires special duty of care on your part to ensure that the security of your access or log in credentials is not compromised at your end and should at all times be safeguarded by you.

11.  By providing the bank account statements using any of the above modes you agree accept and consent to the following:

     i. To share and disclose to the Bank and Perfios the bank account statements details of bank account transactions personal data and/or sensitive data;

    ii. Perfios may use the aforesaid along with any other information it may have / derive and may even generate new data or reports;

    iii. Perfios shall process compile re-organise combine with other data apply tools and derivates profile run analytics on the aforesaid to create summaries results reports such as credit appraisal reports derive scores such as credit risk     scores perform fraud checks and/or generate financial insights for being shared with Bank for the purposes mentioned in (vi) to (viii) below;

    iv. The entire information data reports scores analytics etc. covered in (i) (ii) and (iii) above are collectively referred to as “Information”;

    v. You hereby authorise Perfios to disclose to and share with the Bank the Information;

    vi. That the Bank may process retain and/or use the Information as per Bank’s discretion for the purposes of credit appraisal fraud detection anti-money laundering obligations for entering into contract for direct marketing for     developing credit scoring models and business strategies for monitoring for evaluating and improving the quality of services and  products for other legitimate purposes to share with its affiliates and/or such third parties that the Bank     has entered into agreements with and/or for cross-selling to me various products and services from time to time;

    vii. to store and preserve the Information for such period as may be required for contract by law or for the Bank’s evidential and claims purposes whichever is longer; and

    viii. to share and disclose the Information to service providers consultants credit information companies information utilities other banks and financial institutions affiliates subsidiaries regulators investigating agencies judicial quasi-    judicial and statutory authorities or to other persons as may be necessary in connection with the contractual or legal requirements or in the legitimate interests of the Bank or as per the consent.

The following terms and conditions shall be applicable in case you select the Account Aggregator option:

1.      Under this Account Aggregator option you will have the discretion to enter your pre-existing Account Aggregator handle if any. However in case HDFC Bank Ltd (“Bank”) does not have a tie-up with such Account Aggregator you will need to select another Account Aggregator of your choice to create a new handle for the purposes of obtaining financial information and sharing the same with the Bank (as a Financial Information User) should you choose to proceed further in the process. In case you do not wish to create a new handle with any other Account Aggregator you are free select the other options or opt out of this process. Nothing contained herein shall be construed to limit your choices.

2.      For any activity that takes place through Account Aggregator mode it will be a matter between you and the Account Aggregator (since the Bank does not control the platform of the Account Aggregator) and only the financial information shall be submitted to the Bank which financial information will be subject to your consent given to the Bank.

3.      Upon entering your existing handle or upon selecting any of the Account Aggregators (for creation of handle and for obtaining and sharing financial information) displayed on the next page you will be re-directed to the webpage/ portal of that Account Aggregator (“Account Aggregator Page”).

4.      The Bank (or its service provider) is merely enabling your re-direction to the Account Aggregator Page as selected by you and the Bank is in no manner acting as an agent of or undertaking any referral in relation to the Account Aggregator.

5.      The Bank has not listed the Account Aggregators in any particular order or preference and you are requested to make the selection of any of the Account Aggregators independently at your sole discretion.

6.      By enabling your re-direction to the Account Aggregator Page the Bank is in no way recommending advertising publicising marketing promoting warranting guaranteeing or endorsing the suitability or standing of any of the Account Aggregators to you.

7.      The Account Aggregator Page will be hosted by the respective Account Aggregator and any information or data shared actions/ activities undertaken on the Account Aggregator Page including the creation of a handle with the Account Aggregator shall be a matter between you and the respective Account Aggregator and the Bank will not be a party to the same.

8.      Please note that for as long as you are on the Account Aggregator Page you shall be governed by the terms of use of the Account Aggregator Page and terms and conditions published by the Account Aggregator and the same shall be an independent contractual relationship between you and the Account Aggregator and the Bank shall not be a party to the same.

9.      The Bank shall have no control over the Account Aggregator Page and therefore the Bank shall not be responsible or liable in any manner for any dispute that may arise between you and the Account Aggregator in relation to the actions on the Account Aggregator Page and any queries and/or complaints that you may have in relation thereof.

10.  Please note that internet as a medium is subject to associated risks and any of your log in and access credentials should not be shared or disclosed by you to any person and it requires special duty of care on your part to ensure that the security of your access or log in credentials is not compromised at your end and should at all times be safeguarded by you.