Terms and Conditions
Welcome to Arumilli Chits. These Terms and Conditions govern your use of our services and website. By accessing or using our services, you agree to comply with and be bound by these terms. Please read them carefully.
1. Acceptance of Terms
By using our services, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions. If you do not agree to these terms, please do not use our services.
2. Eligibility
To participate in our chit fund schemes, you must be at least 18 years old and legally capable of entering into binding contracts. By enrolling in our schemes, you confirm that you meet these eligibility requirements.
3. Registration and Account
To use our services, you may be required to register and create an account. You agree to provide accurate and complete information during the registration process and to keep your account information updated. You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account.
4. Chit Fund Participation
Participation in our chit fund schemes is subject to the following conditions:
- Contribution: You agree to make regular contributions as specified in the scheme details.
- Bidding: You may participate in the bidding process to receive the pooled amount. The highest bidder will receive the amount, minus applicable deductions.
- Default: Failure to make timely contributions may result in penalties, forfeiture of benefits, or termination of your participation in the scheme.
5. Payments and Refunds
All payments must be made in accordance with the schedule specified in your chit fund agreement. We do not offer refunds for contributions made, except as required by law or as specified in your agreement.
6. Privacy and Data Protection
Your privacy is important to us. Our Privacy Policy explains how we collect, use, and protect your personal information. By using our services, you consent to our data practices as described in the Privacy Policy.
7. Changes to Services and Terms
We reserve the right to modify or discontinue our services, or to update these Terms and Conditions at any time. We will notify you of significant changes by posting the updated terms on our website. Your continued use of our services after such changes constitutes your acceptance of the new terms.
8. Limitation of Liability
To the fullest extent permitted by law, Arumilli Chits shall not be liable for any direct, indirect, incidental, special, or consequential damages arising out of or in connection with your use of our services. This includes, but is not limited to, damages for loss of profits, goodwill, or data.
9. Indemnification
You agree to indemnify, defend, and hold harmless Arumilli Chits, its officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses, including legal fees, arising out of or in any way connected with your use of our services or violation of these Terms and Conditions.
10. Governing Law
These Terms and Conditions shall be governed by and construed in accordance with the laws of India. Any disputes arising out of or in connection with these terms shall be subject to the exclusive jurisdiction of the courts in Tanuku, Andhra Pradesh.
11. Contact Us
If you have any questions or concerns about these Terms and Conditions, please contact us at:
Arumilli Chits
2nd Floor, Amma Towers,
Beside Reliance Trends, Rastra Pathi Road,
Tanuku, West Godavari, Andhra Pradesh
Email: info@arumillichits.com
Phone: +91 91154 44555
Effective Date: 04-07-2018