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Participating Banks

Terms & Conditions For Merchant Outlets / Store / Entity who have opted for EMI Facility:

  1. An annualized interest rate (on reducing balance) to be charged by Issuer Bank to its Customer (cardholder).
  2. Minimum transaction amount on which EMI can be offered is set as provided by respective Card Issuers Banks.
  3. EMI option for respective Issuer banks card and the corresponding rates are applicable and subject to approval from Issuer Banks.
  4. The rates are subject to change with prior intimation from respective Issuer Banks
  5. Availability of any new or existing Issuer Bank under Instant EMI and Bank EMI is subject to change as instructed by the Issuer Bank and shall be communicated accordingly.
  6. Bank EMI program for HDFC Bank is available only under ONUS EMI TID provided by HDFC Bank
  7. EMI on debit card is only available on selected HDFC & ICICI Debit Card transactions
  8. All service taxes / GST /Other applicable taxes, duties, levies and surcharges shall be charged over and above the interest amount.
  9. Pine Labs or Card industry stake holders like Banks and Card association (Visa / Master / Amex / Diner / JCB / Rupay) can print any campaigns / promotional details on the customer charge-slip that gets printed on the Pine Labs EDC Devices.
  10. The merchant agrees not to advertise / market / publicize in any manner what so ever, the said EMI schemes as ‘zero percent’ / ‘interest free’ in letter and spirit.