We hereby inform you that REMITX, a division of Capital India Finance Limited (REMITX) or any of its authorized representatives will never: (i) ask for any upfront or advance payments like fees, charges, cash, fixed deposit, demand drafts, etc., for any reason whatsoever; (ii) offer any lucrative deals, gifts, vouchers, etc.; or (iii) send e-mails, SMSs or make phone calls asking for any confidential or sensitive information like login ID or username, transaction password, one time password (OTP), bank account details, card details, grid card values, CVV and / or any personal information such as name, date of birth, mother’s maiden name, identity proof, income details, etc. If you receive any e-mail, SMS and / or phone call asking for any advance payments like fees, charges, upfront cash, fixed deposit, demand drafts, etc., or requesting for any confidential, sensitive or personal information, you are advised to not respond to such e-mail, SMS and / or phone call. Making any such advance payment or sharing of any confidential, sensitive or personal information may result in fraud and loss.

REMITX or any of its authorized representatives shall not be liable for any kind of loss incurred or damage suffered as a result of any person (including but not limited to an individual, firm, company, trust or society) dealing with such unscrupulous persons, agencies, firms or companies or relying on or responding to such e-mail, SMS and / or phone call.

I understand that as per TCS provisions of the Income Tax Act 1961, TCS @ 5% (or as amended from time to time) is required to be collected effective 1st October 2020 under Section 206C(1G) for all transactions undertaken under Liberalized Remittance Scheme of RBI.

I have declared the total value of transactions undertaken with other authorised dealers under LRS.

Also, I undertake that I would be a “Resident” as per the Income Tax Act in the current financial year.

In event of any error (intentional or unintentional) on collection of TCS at lower rate/non-collection of TCS which may be discovered either now or in future and where Capital India Finance Limited is held responsible by any statutory authority, I would make good the entire loss (including TCS, interest, penalty etc.) to you.

We also indemnify and keep Capital India Finance Ltd against all claims / damages, losses or actions made against Capital India Finance Limited by any regulatory or statutory auditor and/ or any third party related to TCS.