Terms and Conditions

Please read the below instructions carefully before filling/submitting the form. Please fill up the form in English in BLOCK LETTERS with black or dark ink. All information sought in the form is mandatory except where it is specifically indicated as optional. All instructions & notes are amended from time to time. Please note in case of any error while filling the form all applicants must sign against the corrections.

Upon signing and submitting the Application Form and tendering payment it will be deemed that the applicant have accepted, agreed to and shall comply with the terms and conditions detailed in the respective Scheme Documents.

Applicant agree and understand that this SIP (Saving with Increment Plan) scheme and the contents are intended for people who are of the age of 18 years or above.

Applicant hereby represent that You are 18 years of age or above, Citizen of India, and competent to contract.

Applicant who have already submitted One Time Debit Mandate Form (OTM) or already registered for OTM facility should not submit OTM form again as OTM registration is a one-time process only for each bank account. However, if such applicant wish to add a new bank account towards OTM facility, may fill the form with the new bank details.

Applicant, who have not registered for OTM facility, may fill the OTM form and submit duly signed with their name mentioned.

Alongwith OTM, Applicant need to provide an original cancelled cheque (or a copy) with name and account number pre-printed of the bank account to be registered failing which registration may not be accepted. Investor's cheque/bank account details are subject to third party validation.

Applicant are deemed to have read and understood the terms and conditions of Registration, Scheme Information Document, Statement of Additional Information, Key Information Memorandum, Instructions and addendum issued from time to time of the respective Scheme(s) of Factinc.

Applicant will not hold Factinc Corp (OPC) Private Limited, and other service providers responsible, if the transaction is delayed or not affected or the investor’s bank account is debited in advance or after the specific SIP date.

Your personal information and bank account details would apply to this investment as well.

Please provide the Mobile Number and E-Mail Address of the Sole / First Applicant in the form in case of Individuals and Key Contact in case of Non-Individuals. This would help us seamlessly communicate with you on our business.

1KYC is mandatory. Please enclose copies of KYC acknowledgement letters for all applicants. 14 digit KYC Identification Number (KIN) and Date of Birth is mandatory for Individual(s) who has registered under Central KYC Records Registry (CKYCR).

Permanent Account Number (PAN): Furnishing of PAN is mandatory for all applicants except where specific dispensation is provided under law.

Upon signing and submitting the Application Form and tendering payment it will be deemed that the applicant have accepted, agreed to and shall comply with the terms and conditions detailed in the respective Scheme Documents.

The facility will be automatically terminated upon receipt of intimation of death of the applicant.

Applicants are required to submit Form along with a photo copy/cancelled cheque of Debit Bank Account at least 21 Business days before the first SIP Installment date.

Applicant shall have the option of choosing any date of the month as the SIP date. If SIP date is not mentioned, default date would be considered as 10th of every month. If the SIP date falls on a non-business day or a bank holiday, the SIP debit will be processed on the following business day

Applicant can discontinue a SIP at any time by sending a written request to Factinc Corp (OPC) Private Limited. Notice of such discontinuance should be received at least 25 days prior to the due date of the next installment / debit.

The SIP will be discontinued automatically if payment is not received for three successive instalments

Applicant can opt for Pause facility only four time during the tenure of a particular SIP. Pause request should be submit by sending a written request to Factinc Corp (OPC) Private Limited at least 25 calendar days prior to the next SIP installment date. Pause request under SIP can be for minimum of 1 installment and for maximum of 6 installments.

Applicant must mention SIP Registration Number (SRN), and Account id as stated in the account statement to avail Pause facility.

Factinc Corp (OPC) Private Limited shall also at its sole discretion decide to Accept, Reject the application without giving any intimation, and any reasons to the applicant.

Applicant shall be solely responsible for any losses in the client’s account occurring due to such SIP instruction.

The Client shall be solely liable and responsible for making all the payments towards the SIP Order executed in the client’s account. In case of execution of SIP order in absence of funds / insufficient funds in client’s account, client shall immediately make payment towards the SIP.

Client will be liable to pay charges on any debit amount which arises due to SHORTFALL in SIP at such rates as may be decided by Factinc Corp (OPC) Private Limited from time to time.

The SIP facility provided by factinc Corp (OPC) Private Limited to Applicant shall be subject to jurisdiction of courts of Bengaluru(Karnataka).

We allow applicant to receive the personal data concerning the Him/Her, which we will provide in a 'commonly used and machine readable format' and applicant have the right to transmit that data to another ‘controller’.

We implement appropriate technical and organisational measures, in an effective way and protect the rights of data subjects'. We hold and process only the data absolutely necessary for the completion of our duties (data minimisation), as well as limiting the access to personal data to those needing to act out the processing.