TERMS & CONDITIONS 1.

The Visa Debit Cashback Promotion (the Promotion) is open to all holders of Visa Debit cards (excluding Visa Business Debit cards and Visa Commercial Debit cards) issued by banks in India that offer the Verified by Visa service to their Visa Debit cardholders (Cardholders). Visa Debit cardholders should contact their card issuing banks to confirm if the Promotion is open to them and/or for any further details relating to the Promotion. 2. The Promotion will be held during the period from 1 June 2012 to 31 August 2012 (both inclusive) (the Promotion Period). The Promotion Period is divided into 3 qualifying periods of 1 month each (Qualifying Periods), the details of which are as follows: First Qualifying Period Second Qualifying Period Third Qualifying Period 1 June 2012 to 30 June 2012 1 July 2012 to 31 July2012 1 August 2012 to 31 August 2012

3. During each of the three Qualifying Periods, based on the information available on Visas proprietary network and the information as reported to Visa by the financial institution clients of Visa, Visa will identify Visa Debit cards (excluding Visa Business Debit cards and Visa Commercial Debit cards) (each a Card) which meet the eligibility criteria described below: a. the Card is issued by a bank in India which has enabled its cards for Verified by Visa as at the beginning of the relevant Qualifying Period; b. during the relevant Qualifying Period, the Card has been used to complete three or more successful Card Not Present transactions. Each transaction shall be for a minimum of INR100 (Indian Rupees One Hundred). Transactions below INR100 will not be considered for the purposes of the Promotion. c. For the purposes of the Promotion, Card Not Present transactions shall mean transactions where the Card is not physically present at the time of the transaction, such as an eCommerce (Verified by Visa),

MOTO (mail/telephone order) or recurring payments/installments transaction);for a transaction done on or through the World Wide Web, it must have been subjected to additional authentication/validation (second factor authentication) based on information not visible on the Card (such as that offered under the Verified by Visa service), in accordance with the regulations of the Reserve Bank of India; and d. the Card has not been identified or selected for the Promotion in any preceding Qualifying Period. 4. a. During each Qualifying Period, Visa will select, from the Cards that have met the eligibility criteria, 52,000 Cards with the highest number of successful Card Not Present transactions made during a Qualifying Period. b. For each Card, a maximum of 20 successful Card Not Present transactions with merchants in each Merchant Category (as defined by Visa based on the nature of the merchants business) will be considered for the purposes of calculating the number of successful Card Not Present transactions in each Qualifying Period. c. In the event that 2 or more Cards have the same number of successful Card Not Present transactions during a Qualifying Period, the Card(s) with the highest cumulative purchase amount on successful Card Not Present transactions made during a Qualifying Period (Cumulative CNP Purchase Amount) will be selected. d. In the event that 2 or more Cards have same number of successful Card Not Present transactions and the same Cumulative CNP Purchase Amount during a Qualifying Period, the Card(s) which met the eligibility criteria (set out in paragraph 3 above), the Card(s) that has been used the earliest will be selected. e. All selections will be made based on the information available on Visas proprietary network and the information as reported to Visa by the financial institution clients of Visa. 5. For each Qualifying Period:

a. the top 2,000 Cardholders whose Cards have been selected (based on the criteria set out in paragraph 4 above) will each receive a cash back amount of INR 500 (Indian Rupees Five Hundred) or 10% (ten percent) of the cumulative purchase amounts made on the Card during the Qualifying Period, whichever is lower; and b. the next top 50,000 Cardholders will each receive a cash back amount of INR 100 (Indian Rupees One Hundred) or 10% (ten percent) of the cumulative purchase amounts made on the Card during the Qualifying Period, whichever is lower. 6. Visa will inform the relevant card issuing banks of selected Cards issued by those banks no later than 45 days after the end of the Promotion Period. Within 60 days after the end of the Promotion Period, Visa will provide the cash back credits to the relevant card issuing banks. The card issuing banks will provide the cash back amounts to the selected Cardholders. 7. The cash back amounts will be credited by the Cardholders card issuing bank into the Cardholders account with the bank under the narrative Visa Debit ecom Cashback Offer, which will be reflected on the Cardholders card account statement. Visa will not be responsible for any delay in the posting of credits by the card issuing bank into the selected Cardholders account. 8. The selected Cardholders will only be entitled to the cash back and will not be entitled to compensation or benefits in any other form. 9. Visa makes no warranties or representations as to the fitness for purpose or any other implied terms or conditions with respect to the products given pursuant to this Promotion and the cashback amounts. 10. All selections and/or decisions made by Visa in relation to the Promotion (including without limitation, the selection of Cards for the cash back) will be final and conclusive. No enquiries or complaints will be accepted or entertained. Visa will not be obliged to publish the details of selected Cards or the selection process. Cardholders should contact their card issuing banks if they have any queries or complaints regarding the Promotion. 11. In no event will Visa be liable for any losses or damages howsoever arising whether in contract, tort, negligence or otherwise, in connection with this

Promotion, even if Visa has been advised of the possibility of such damages in advance, and all such damages are expressly excluded. 12. The Cardholders under the Promotion will be personally responsible for all taxes, rates, government fees or any other charges that may be levied against them under applicable laws, if any, in relation to the Promotion. 13. The Promotion is purely promotional in nature and Visa may, at its sole discretion, discontinue the Promotion at any time, whether prior to or during the Promotion Period, without prior notice. 14. Visa reserves the absolute right to, at its sole discretion, amend, vary and/or withdraw any of the terms and conditions of the Promotion without prior notice. 15. In the event of any conflict between these terms and conditions of the Promotion and any promotional and marketing materials regarding the Promotion, these terms and conditions shall prevail. 16. Nothing contained herein will, or will be construed to, constitute a contract under the laws of India (including without limitation, the Indian Contract Act, 1872) between Visa, any Cardholder and/or the card issuing banks. 17. No claim or participation in the Promotion is valid in combination with any other offer or promotion. 18. The Promotion and these terms and conditions will be governed by the laws of India. 19. Information about the Promotion is correct at the time of publication. Cardholders can refer for the latest set of Terms and Conditions on www.visabillpay.in/debit.