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Key Highlights
- Karnataka has the highest rates of road tax in comparison with the other states, especially in Bangalore, causing a rise in vehicle costs.
- Private vehicles are charged a one-time tax for 15 years, after which they have to be renewed. Commercial vehicles can pay the taxes periodically.
- Vehicles registered outside Karnataka must pay tax if used for over 12 months.
- The Transport Department regularly monitors the roads and imposes fines along with confiscation of a non-complying vehicle.
Karnataka, blessed with the longest connecting roads and buzzing cities like Bangalore, levies road tax to maintain its infrastructure and development. With the rise in tourism and new settlers, traffic densities in this southern state rise annually.
Hence, to meet logistics requirements, the state must upgrade and maintain its road networks ceaselessly by repairing existing roads and building new ones. To help address this, the Karnataka government charges tax on everyone wishing to use Karnataka roads.
Be it the purchase of a brand-new vehicle, relocation of a vehicle to Karnataka from another state, or registration renewal of an existing vehicle, it is important to know about Karnataka road tax. Let's begin!
What is Road Tax?
Road tax is levied on residents of India and is payable whenever a person purchases a new car or registers an existing vehicle at an RTO. Section 39 of the Motor Vehicle Act of 1988 makes it compulsory, by law, for both private and commercial vehicles to pay this tax.Moreover, the tax amount is determined based on the car owner's information regarding the vehicle, including:
- Vehicle Type
- Engine Capacity
- Age
- Kind of use (private or commercial purposes)
Road Tax Payment Cycle
- Road tax for commercial vehicles can be paid on a monthly, annual, or half-yearly basis.
- For non-commercial vehicles, road tax is collected as a one-time payment upon new vehicle purchase and registration.
Purpose of Road Tax
- Road tax builds up into resources for developing the state's road system and all associated expenses.
- For instance, it can be used to build railways, bridges, highways, roads, etc.
State-wise Rules
- Each Indian state has different tax norms, and the road tax amounts differ across states.
- You will also need to re-register your vehicle and pay a road tax when you move to a different state.
Also Read - Find out all about road tax in India
Why is Road Tax Mandatory?
Road tax is mandatory because it is used for:- Maintenance and repairs of highways.
- Infrastructural development related to transport systems.
- Traffic regulation and road safety initiatives.
As such, when you buy a vehicle, you pay a road tax on the same.
Karnataka RTO Road Tax Calculation
The calculation of the Karnataka road tax depends on various factors like:- Engine capacity of the vehicle (in cubic centimetres)
- Seating capacity
- Fuel variant
- Cost of the vehicle
- Weight of the vehicle
- Intended usage of the vehicle (private or commercial)
- Date of purchase
- Age of the vehicle (this is relevant in the case of buying second-hand vehicles or transferring the vehicle from another State)
Considering these factors, the RTO calculates the applicable road tax payable. You can use the online road tax calculator offered on the Parivahan website to find the tax liability yourself.
Overview of Road Tax in Karnataka
The Karnataka Motor Vehicles Taxation Act, 1957 governs the collection of the road tax by the state. This tax is levied once for personal vehicles but has the option of some periodicity for commercial vehicles.Road tax applies to both private and commercial vehicles. Two-wheelers, three-wheelers, four-wheelers, and other vehicles are included. Generally, in Karnataka road taxes are imposed by the state and central governments. Here's how:
National Government Road Tax
This is done by the NHAI, which runs the toll plazas on behalf of the national government and collects these taxes. The income generated from larger vehicles travelling on toll roads is used for paying these taxes. This tax need only be paid when utilising the toll roads.State Government Road Tax
The state government road tax is the most common road charge that people are aware of. The RTOs impose this charge every time you register a vehicle or buy a new one. Several factors aid in the assessment of road tax in Karnataka, and these include:- The Kind of Vehicle: commercial, transit, four-wheeler, or two-wheeler.
- Age of the Vehicle: The newer the car, the higher the road tax.
- Vehicle Cost: Local taxes based on the price of the vehicle are calculated as a percentage.
- Fuel Type: Electric, hybrid, diesel feed, or gasoline.
- Place of Registration: Vehicles registered outside of Karnataka must pay road tax if used in the state for over 12 months.
Karnataka Road Tax for Two-Wheelers
The table below shows the lifetime tax for a two-wheeler depending on its price and age:|
Two-Wheeler Category |
Motorcycles price less than ₹50,000 |
Motorcycles price more than ₹50,000 but less than ₹1,00,000 |
Motorcycles price more than ₹1,00,000 |
Electric Motorcycles |
|
Registration of the new car |
10% of the price of the bike |
12% of the price of the bike |
18% of the price of the bike |
4% of the price of the bike |
|
Already registered bike with the age of the bike from registration month: |
Lifetime tax under Clause A |
Lifetime tax under Clause A |
Lifetime tax under Clause A |
Lifetime tax under Clause A |
|
No more than two years |
93% |
93% |
93% |
93% |
|
More than two years but no more than two years |
87% |
87% |
87% |
87% |
|
More than three years but no more than four years |
81% |
81% |
81% |
81% |
|
More than four years but no more than five years |
75% |
75% |
75% |
75% |
|
More than five years but no more than six years |
69% |
69% |
69% |
69% |
|
More than six years but no more than seven years |
64% |
64% |
64% |
64% |
|
More than seven years but no more than eight years |
59% |
59% |
59% |
59% |
|
More than eight years but no more than nine years |
54% |
54% |
54% |
54% |
|
More than nine years but no more than ten years |
49% |
49% |
49% |
49% |
|
More than ten years but no more than eleven years |
45% |
45% |
45% |
45% |
|
More than eleven years but no more than twelve years |
41% |
41% |
41% |
41% |
|
More than twelve years but no more than thirteen years |
37% |
37% |
37% |
37% |
|
More than thirteen years but no more than fourteen years |
33% |
33% |
33% |
33% |
|
More than fourteen years but no more than fifteen years |
29% |
29% |
29% |
29% |
|
More than fifteen years |
25% |
25% |
25% |
25% |
The below table shows us the lifetime tax for a three-wheeler depending on the price and age of the three-wheeler:
|
The Three-wheeler Category |
Road Tax in (₹) |
|
Registration of the new car |
2,500 |
|
Already registered auto with the age of the auto from registration month: |
|
|
No more than two years |
2,400 |
|
More than two years but no more than two years |
2,300 |
|
More than three years but no more than four years |
2,200 |
|
More than four years but no more than five years |
2,100 |
|
More than five years but no more than six years |
2,000 |
|
More than six years but no more than seven years |
1,900 |
|
More than seven years but no more than eight years |
1,800 |
|
More than eight years but no more than nine years |
1,700 |
|
More than nine years but no more than ten years |
1,600 |
|
More than ten years |
1,500 |
Karnataka Road Tax for Three-Wheelers
The below table shows us the lifetime tax for a three-wheeler depending on the price and age of the three-wheeler:| The Three-wheeler Category | Road Tax in (₹) |
| Registration of the new car | 2,500 |
| Already registered auto with the age of the auto from registration month: | |
| No more than two years | 2,400 |
| More than two years but no more than two years | 2,300 |
| More than three years but no more than four years | 2,200 |
| More than four years but no more than five years | 2,100 |
| More than five years but no more than six years | 2,000 |
| More than six years but no more than seven years | 1,900 |
| More than seven years but no more than eight years | 1,800 |
| More than eight years but no more than nine years | 1,700 |
| More than nine years but no more than ten years | 1,600 |
| More than ten years | 1,500 |
Karnataka Road Tax for Cars and Four-Wheelers
The below table shows us the lifetime tax for a four-wheeler depending on the price and age of the four-wheeler:| Four-Wheeler Category | Vehicles having floor area up to 5 sq mtr., and cost below ₹5,00,000 | Vehicles having floor areas up to 5 sq mtr., and cost above ₹5,00,000 but below ₹10,00,000 | Vehicles having floor areas up to 5 sq mtr., and cost above ₹10,00,000 but below ₹20,00,000 | Vehicles having floor areas up to 5 sq mtr., and cost above ₹20,00,000 | Electric Motorcycles |
| Registration of the new car | 13% of the price of the vehicle | 14% of the price of the vehicle | 17% of the price of the vehicle | 18% of the price of the vehicle | 4% of the price of the vehicle |
| Already registered bike with the age of the bike from registration month: | Lifetime tax under Clause A | Lifetime tax under Clause A | Lifetime tax under Clause A | Lifetime tax under Clause A | Lifetime tax under Clause A |
| No more than two years | 93% | 93% | 93% | 93% | 93% |
| More than two years but no more than two years | 87% | 87% | 87% | 87% | 87% |
| More than three years but no more than four years | 81% | 81% | 81% | 81% | 81% |
| More than four years but no more than five years | 75% | 75% | 75% | 75% | 75% |
| More than five years but no more than six years | 69% | 69% | 69% | 69% | 69% |
| More than six years but no more than seven years | 64% | 64% | 64% | 64% | 64% |
| More than seven years but no more than eight years | 59% | 59% | 59% | 59% | 59% |
| More than eight years but no more than nine years | 54% | 54% | 54% | 54% | 54% |
| More than nine years but no more than ten years | 49% | 49% | 49% | 49% | 49% |
| More than ten years but no more than eleven years | 45% | 45% | 45% | 45% | 45% |
| More than eleven years but no more than twelve years | 41% | 41% | 41% | 41% | 41% |
| More than twelve years but no more than thirteen years | 37% | 37% | 37% | 37% | 37% |
| More than thirteen years but no more than fourteen years | 33% | 33% | 33% | 33% | 33% |
| More than fourteen years but no more than fifteen years | 29% | 29% | 29% | 29% | 29% |
| More than fifteen years | 25% | 25% | 25% | 25% | 25% |
Karnataka Road Tax Classic and Vintage Cars
Besides the four-wheeler tax rates mentioned above, owners of vintage and classic cars in Karnataka must pay an additional slab for these vehicles when paying their road tax. These are as follows:- Classic Car: ₹1000
- Vintage Car: ₹500
Karnataka Road Tax for Commercial Vehicles
The taxes on commercial vehicles, such as buses, taxis, and freight carriers, depend on factors such as weight, usage, and seating capacity. In some categories, this tax is paid as a lifetime tax, quarterly, or annually.Karnataka has uniform tab slab rates for commercial and non-commercial vehicles, quite unlike most Indian states. The table below shows the tax slab:
| Category of Vehicle | Vehicles weighing more than 1500 kgs and not more than 2000kgs | Vehicles weighing more than 2000 kgs and not more than 3000kgs | Vehicles weighing more than 3000 kgs and not more than 5500kgs |
| Registration of the new car | ₹10,000 | ₹15,000 | ₹20,000 |
| Already registered vehicle with the age of the vehicle from registration month: | |||
| No more than two years | ₹9,300 | ₹13,950 | ₹18,600 |
| More than two years but no more than two years | ₹8,700 | ₹13,050 | ₹17,400 |
| More than three years but no more than four years | ₹8,100 | ₹12,150 | ₹16,200 |
| More than four years but no more than five years | ₹7,500 | ₹11,250 | ₹15,000 |
| More than five years but no more than six years | ₹6,900 | ₹10,350 | ₹13,800 |
| More than six years but no more than seven years | ₹6,400 | ₹9,600 | ₹12,800 |
| More than seven years but no more than eight years | ₹5,900 | ₹8,850 | ₹11,800 |
| More than eight years but no more than nine years | ₹5,400 | ₹8,100 | ₹10,800 |
| More than nine years but no more than ten years | ₹4,900 | ₹7,350 | ₹9,800 |
| More than ten years but no more than eleven years | ₹4,500 | ₹6,750 | ₹9,000 |
| More than eleven years but no more than twelve years | ₹4,100 | ₹6,150 | ₹8,200 |
| More than twelve years but no more than thirteen years | ₹3,700 | ₹5,550 | ₹7,400 |
| More than thirteen years but no more than fourteen years | ₹3,300 | ₹4,950 | ₹6,600 |
| More than fourteen years but no more than fifteen years | ₹2,900 | ₹4,350 | ₹5,800 |
| More than fifteen years | ₹2,500 | ₹3,750 | ₹5,000 |
Payment Process of Road Tax in Karnataka
You can pay the road tax in Karnataka in two different ways: offline and online. Let's understand the process of each:Offline Payment The steps to make offline payments are given below:
- Step 1: Reach the nearest RTO in Karnataka.
- Step 2: Submit the required documents which include the vehicle's RC book, invoice, pollution certificate, and ID proof.
- Step 3: Complete the necessary forms and determine the payable tax amount.
- Step 4: Make payments at the RTO counter.
- Step 5: Receive the payment receipt.
Online Payment The steps for online payment of Karnataka road tax are as follows:
- Step 1: Visit the Parivahan website.
- Step 2: Click on 'Road Tax Payment'.
- Step 3: Enter vehicle particulars and compute the tax amount.
- Step 4: Choose from net banking, credit/debit cards, or UPI to make the payment.
- Step 5: Download the receipt for future reference.
Also Read - Know the complete guide on paying road tax
Documents Required for Karnataka Road Tax Payment
A list of the documents that you are to submit to Karnataka for paying the road tax is given below:- Proof of residence, like a utility bill, rent agreement, voter ID, ration card, passport, or Aadhaar card.
- Form no. KMVT14 in case of inter-state vehicle registration.
- A copy of the car's invoice.
- Registration certificate of the vehicle.
- NOC or certificate of no objection.
- A copy of your present policy of insurance that says your car is insured.
Karnataka Road Tax Refund Process
In the case of the sale or re-location out of Karnataka, you can claim a refund of the road tax paid. To do so, you must follow these steps:- Step 1: Submit Form 16 to the relevant RTO.
- Step 2: Provide the relevant documents which include proof of address, the original registration certificate, and payment of tax.
The vehicle's age as well as the amount of tax paid determines the refund amount.
Penalty for Failure to Pay for Karnataka Road Tax
You can still drive with an out-of-state car in the state of Karnataka for as long as one year. However, you need to make sure you pay road taxes during this grace period. If you fail to make this payment, the Karnataka state government is entitled to penalise you. Your car papers may even be confiscated if you are found driving without having duly paid the road tax.Failure to make payment of RTO tax in Karnataka would lead to the following consequences:
- First offenders must pay the tax of the vehicle for two quarters.
- Repeat offenders will be at least a year's tax on the car plus an added increase of two times every year.
- Defaulting will incur a fine of more than ₹300 for payment of a one-time year tax.
- For repeat offenders, this figure can cross ₹500 and be imposed twice a year.
Concessions and Exemptions from the Karnataka Road Tax
Some types of cars are privileged to have concession or exemption from road tax. These include the following:- In Karnataka, electric vehicles are exempt in full.
- Diplomatic vehicles have been exempted under government restrictions.
- Lower taxes are levied on government and defence vehicles.
- Tractors and farming vehicles qualify for special tax rebates.
Pay Your Karnataka Road Tax on Time
The Karnataka road tax serves as a formidable source of funding for infrastructure development and maintaining quality roads. Tax rates in the state may be relatively high compared to those of other states; however, keeping vehicle taxes up-to-date means carrying out any necessary repairs or other maintenance on time.Whether you are a new vehicle owner or have just relocated from another state, being aware of, and complying with road tax regulations will save you from qualifying hassles.
When in doubt, the closest RTO office is the better option, or you may also connect with the official portal of the Karnataka Transport Department. Besides paying the road tax, you should also insure your vehicle under a motor insurance policy to comply with the Motor Vehicles Act. An insured vehicle not only fulfils the legal mandate but also helps you drive worry-free.
Explore the top motor insurance plans online and buy the most suitable policy for your vehicle. Prior tax planning can also help you determine the applicable road tax payable and provide for the funds required for the same.
FAQS – FREQUENTLY ASKED QUESTIONS
-
Can I use an out-of-state vehicle in Karnataka without paying road tax?
-
Is the road tax paid in Karnataka refundable?
-
Where can I find out my road tax amounts?
-
Do I have to pay road tax again if I sell the vehicle?
-
What is the punishment for not paying road tax?
-
Is it possible to pay the road tax in instalments?
-
Are electric vehicles exempt from road tax?
-
What is the road tax on second-hand vehicles?
-
Can I transfer my vehicle from another state without paying road tax in Karnataka?
-
How can I pay Karnataka road tax?
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Intellectual Property Rights
This Website contains information, materials, including text, images, graphics, videos and sound (“Materials”), which is protected by copyright and/or other intellectual property rights. All copyright and other intellectual property rights in these Materials are either owned by ABCL or have been licensed to Facilities Provider, ABCL / ABC Companies by the owner(s) of those rights so that it can use these Materials as part of this Website. Other than those Materials which belong to Third Parties, ABC Companies retains copyright on all Information, including text, graphics and sound and all trademarks displayed on this Website which are either owned by or licensed to by ABCL and/or used under license by ABC Companies.
You shall not (a) copy (whether by printing off onto paper, storing on disk, downloading or in any other way), distribute (including distributing copies), download, display, perform, reproduce, distribute, modify, edit, alter, enhance, broadcast or tamper with in any way or otherwise use any Materials contained in the Website. These restrictions apply in relation to all or part of the Materials on the Website; (b) copy and distribute this information on any other server or modify or re-use text or graphics on this system or another system. No reproduction of any part of the Website may be sold or distributed for commercial gain nor shall it be modified or incorporated in any other work, publication or web site, whether in hard copy or electronic format, including postings to any other web site; (c) remove any copyright, trade mark or other intellectual property notices contained in the original material from any material copied or printed off from the web site; link to this Website; without our express written consent.
No Warranty
Although all efforts are made to ensure that information and content provided as part of this Website is correct at the time of inclusion on the Website, however there is no guarantee to the accuracy of the Information. This Website makes no representations or warranties as to the fairness, completeness or accuracy of Information. There is no commitment to update or correct any information that appears on the Internet or on this Website. Information is supplied upon the condition that the persons receiving the same will make their own determination as to its suitability for their purposes prior to use or in connection with the making of any decision. Any use of this Website or the information is at your own risk. Neither ABCL and ABC Companies, nor their officers, employees or agents shall be liable for any loss, damage or expense arising out of any access to, use of, or reliance upon, this Website or the information, or any website linked to this Website.
No Liability
This Website is provided to you on an "as is" and "where-is" basis, without any warranty. ABCL, for itself and any ABC Companies and third party providing information, Materials (defined later), facilities, or content to this Website, makes no representations or warranties, either express, implied, statutory or otherwise of merchantability, fitness for a particular purpose, or non-infringement of third party rights, with respect to the website, the information or any products or facilities to which the information refers. ABCL will not be liable to you or any third party for any damages of any kind, including but not limited to, direct, indirect, incidental, consequential or punitive damages, arising from or connected with the site, including but not limited to, your use of this site or your inability to use the site, even if ABCL has previously been advised of the possibility of such damages. Any access to information hosted on third party websites of billers/banks/merchants/ABC Companies etc. is not intended and shall not be treated as an offer to sell or the solicitation of an offer to buy any product/offering of these ABC Companies or third parties.
The Facilities Provider or ABCL or ABC Companies shall have absolutely no liability in connection with the information and Material posted on this Website including any liability for damage to your computer hardware, data, information, materials, or business resulting from the information and/or Material or the lack of information and/or Material available on the Website. In no event shall ABCL or ABC Companies shall be liable for any for any special, incidental, consequential, exemplary or punitive damages for any loss, arising out of or in connection with (a) the use, misuse or the inability to use this Website; (b) unauthorized access to or alteration of your transmissions or data; (c) statements or conduct of any third party on the site; or (d) any other matter whatever nature relating to this Website.
Further, the Facilities Provider cannot always foresee or anticipate technical or other difficulties. The facilities may contain errors, bugs, or other problems. These difficulties may result in loss of data, personalization settings or other facilities interruptions. The Website does not assume responsibility for the timeliness, deletion, mis-delivery, or failure to store any user data, communications, or personalization settings.
The Facilities Provider, ABCL, ABC Companies and the providers of information shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information contained at this Website.
Manner of Use of Personal Information
All Personal Information including Sensitive Personal Information provided/related to you, shall be stored/used/processed/transmitted expressly for the Purpose or facilities indicated thereon at the time of collection and in accordance with the Privacy Policy. Other than those otherwise indicated and agreed by You, this Website do not collect or store or share your Personal Information. Aditya Birla Capital is the brand and accordingly all products and facilities are provided by respective ABC Companies as applicable. Therefore, for any of these Purposes, the Website will use ABC Companies their authorized third party vendors, agents, contractors, consultants or facilities providers (individually a ‘Third Party Service Provider’ and collectively, the “Third Party Service Providers”) and to that extent you understand and authorize the Facilities Provider to share/transmit such information to Third Party Service Providers. Such sharing of information will be solely for the purpose to fulfill / complete / authenticate your specific requests/transaction execution and for providing information about any ABC Companies product or facilities or services or for data analytics or to deliver to you any administrative notices, alerts or communications relevant to your Purpose (and which may include sending promotional emails or SMS or calls or any other mode permitted under law) or to analyze the usage and improve the facilities/solutions offered or for any research or troubleshooting problems, detecting and protecting against errors or to improve features, tailor the facilities on the Website to your interests, and to get in touch with you whenever necessary.
Except in the manner as stated in the Privacy Policy, the Website will not disclose your Personal Information with any affiliated or unaffiliated third parties,
You may receive e-mails /communications/notifications from the Third Party Services Providers regarding facilities updates, information/promotional e-mails/SMS and/or update on new product announcements/services in such mode as permitted under law.
Use of Website in India
This Website is controlled and operated from India and there is no representation that the Materials/information are appropriate or will be available for use in other locations. If you use this Website from outside the India, you are entirely responsible for compliance with all applicable local laws. There is no warranty or representation that a user in one region may obtain the facilities of this website in another region.
Information published on the Website may contain references or cross references to products, programs and facilities offered by ABC Companies/third parties that are not announced or available in your country. Such references do not imply that it is intended to announce such products, programs or facilities in your country. You may consult your local advisors for information regarding the products, programs and services that may be available to you.
In your use of the Website, you may enter correspondence with, purchase goods and/or facilities from, or participate in promotions of advertisers or members or sponsors of the web site, including those of ABC Companies. Unless otherwise stated, any such correspondence, advertisement, purchase or promotion, including the delivery of and the payment for goods and/or facilities, and any other term, condition, warranty or representation associated with such correspondence, purchase or promotion, is solely between you and the applicable ABC Companies and/or third parties.
You agree that Facilities Provider / ABC Companies has no liability, obligation or responsibility for any such correspondence, purchase or promotion between you and any other ABC Companies and/or third parties.
Third party websites
This Website may be linked to other websites (including those of ABC Companies) on the World Wide Web that are not under the control of or maintained by ABCL. Such links do not indicate any responsibility or endorsement on our part for the external website concerned, its contents or the links displayed on it. These links are provided only as a convenience, in order to help you find relevant websites, facilities and/or products that may be of interest to you, quickly and easily. It is your responsibility to decide whether any facilities and/or products available through any of these websites are suitable for your purposes. The Facilities Provider or ABCL is not responsible for the owners or operators of these websites or for any goods or facilities they supply or for the content of their websites and does not give or enter into any conditions, warranties or other terms or representations in relation to any of these or accept any liability in relation to any of these (including any liability arising out of any claim that the content of any external web site to which this web site includes a link infringes the intellectual property rights of any third party).
USE of APP
In case any facilities/services, access/dissemination of information or execution of transaction is done through use of any APP related to ABC Companies, the additional terms and conditions governing the Use of APP shall be applicable and to be read along these Terms of Use.
Postings and monitoring
The Facilities Provider or ABCL or ABC Companies does not routinely monitor your postings to the Website but reserves the right to do so if deemed necessary if it is related to the facilities offered on the web site and to comply with law. However, in our efforts to promote good citizenship within the internet community, if the Facilities Provider or ABCL or ABC Companies becomes aware of inappropriate use of the Website or any of its facilities, any information, opinions, advice or offers posted by any person or entity logged in to the Website or any of its associated sites is to be construed as public conversation only, and the Facilities Provider or ABC Companies shall not be liable or responsible for such public conversation. You agree that in such cases, we will respond in any way that, in our sole discretion, as deemed appropriate. You acknowledge that Facilities Provider or ABC Companies will have the right to report to law enforcement authorities any actions that may be considered illegal, as well as any information it receives of such illegal conduct. When requested, ABC Companies/Facilities Provider will co-operate fully with law enforcement agencies in any investigation of alleged illegal activity on the internet.
Submissions and unauthorized use of any Materials contained on this Website may violate copyright laws, trademark laws, the laws of privacy and publicity, certain communications statutes and regulations and other applicable laws and regulations. You alone are responsible for your actions or the actions of any person using your user name and/or password. As such, you shall indemnify and hold Facilities Provider, ABCL / ABC Companies and its officers, directors, employees, affiliates, agents, licensors, and business partners harmless from and against any and all loss, costs, damages, liabilities, and expenses (including attorneys' fees) incurred in relation to, arising from, or for the purpose of avoiding, any claim or demand from a third party that your use of the Website or the use of the Website by any person using your user name and/or password (including without limitation your participation in the posting areas or your submissions) violates any applicable law or regulation, or the rights of any third party.
We reserve the right to terminate access to this Website at any time and without notice. Further this limited license terminates automatically, without notice to you, if you breach any of these Terms of Use. Upon termination, you must immediately destroy any downloaded and printed Materials.
If you come across any breaches/violation or offensive material you must report to us at abc.secretarial@adityabirla.com
Use of Cookies
You agree and understand that the Website will automatically receive and collect certain anonymous information in standard usage logs through the Web server, including computer/computer resource-identification information obtained from "cookies" sent to your browser from a web server or other means as explained in the Privacy Policy.
Facilities Changes and Discontinuation
The Website reserves the right to discontinue or suspend, temporarily or permanently, the facilities. You agree that the Facilities Provider/ ABC Companies will not be liable to you in any manner whatsoever for any modification or discontinuance of the facilities. The format and content of this Website may change at any time. We may suspend the operation of this Website for support or maintenance work, in order to update the content or for any other reason.
ABCL, ABC Companies, and its directors, employees, associates, or other representatives shall not be liable for any damages or injury, arising out of or in connection with the use, or non-use including non-availability of the Website and also for any consequential loss or any damages caused because of non-performance of the system due to a computer virus, system failure, corruption of data, delay in operation or transmission, communication line failure, or any other reason whatsoever. The Website will not be responsible for any liability arising out of delay in providing any information on the Website.
Compliance with the Law
You agree that you will not:
- Use any robot, spider, scraper, deep link or other similar automated data gathering or extraction tools, programme, algorithm or methodology to access, acquire, copy or monitor the Website, or any portion of the Website.
- Use or attempt to use any engine, software, tool, agent, or other device or mechanism (including without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Website, other than the search engines generally available by third party web browsers
- Post or transmit any file which contains viruses, worms, Trojan horses or any other contaminating or destructive features, or that otherwise interferes with the proper working of the Website or the facilities.
- Attempt to decipher, decompile, disassemble, or reverse engineer any of the software, comprising or in any way making up a part of the Website or the facilities.
- You agree not to use the facilities for illegal purposes or for the transmission of material that is unlawful, harassing, libelous (untrue and damaging to others), invasive of another's privacy, abusive, threatening, or obscene, or that infringes the rights of others.
Restrictions on Commercial Use or Resale
Your right to use the facilities is personal to you; therefore, you agree not to resell or make any commercial use of the facilities. In addition, the Website welcomes your feedback as a user of the facilities. Any feedback you provide will become the confidential and proprietary information of the Website, and you agree that the Website may use in any manner and without limitation, all comments, suggestions, complaints, and other feedback you provide relating to the Website. The Website shall have a worldwide, royalty-free, non-exclusive, perpetual, and irrevocable right to use feedback for any purpose, including but not limited to incorporation of such feedback into the Website or other Website software or facilities.
No Endorsements
All product and facilities marks contained on or associated with the facilities that are not the Website marks are the trademarks of their respective owners. The Website would require you to respect the same. References to any such names, marks, products or facilities of third parties or hypertext links to third party sites or information does not imply the Website’s endorsement, sponsorship or recommendation of the third party, information, product or facilities.
Promotional Offers
You may receive from time to time, announcement about offers with intent to promote this Website and/or facilities/products of ABC Companies (“Promotional Offers”). The Promotional Offer(s) would always be governed by these Terms of Use plus certain additional terms and conditions, if any prescribed. The said additional terms and conditions, if prescribed, would be specific to the corresponding Promotional Offer only and shall prevail over these Terms of Use, to the extent they may be in conflict with these Terms of Use. The Website reserves the right to withdraw, discontinue, modify, extend and suspend the Promotional Offer(s) and the terms governing it, at its sole discretion.
Charges for use of Website
There are no charges or fees to be paid by you for use of this Website. However, you are responsible for all telephone access fees and/or internet service fees that may be assessed by your telephone and/or internet service provider. You further agree to pay additional charges, if any levied by Third Party Service Provider(s), for the facilities provided by them through the Website (Additional Charges).
No Endorsement
You are advised to be cautious when browsing on the internet and to use good judgment and discretion when obtaining information or transmitting information. From this Website, users may visit or be directed to third party web sites. The Website makes no effort to review the content of these web sites, nor is the Website or its licensors responsible for the validity, legality, copyright compliance, or decency of the content contained in these sites.
In addition, the Website does not endorse or control the content of any other user and is not responsible or liable for any content, even though it could be unlawful, harassing, libelous, privacy invading, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable, or that it infringes or may infringe upon the intellectual property or other rights of another. You acknowledge that the Website does not pre-screen content, but that the Website will have the right (but not the obligation) in their sole discretion to refuse, edit, move or remove any content that is available via the facilities.
Electronic Communications
These Terms of Use and any notices or other communications regarding the Facilities may be provided to you electronically, and you agree to receive communications from the Website in electronic form. Electronic communications may be posted on the Website and/or delivered to your registered email address, mobile phones etc either by Facilities Provider or ABC Companies with whom the services are availed. All communications in electronic format will be considered to be in "writing". Your consent to receive communications electronically is valid until you revoke your consent by notifying of your decision to do so. If you revoke your consent to receive communications electronically, the Facilities Provider shall have the right to terminate the facilities.
Assignment
You shall not assign your rights and obligations under this Agreement to any other party. The Website may assign or delegate its rights and/or obligations under this Agreement to any other party in future, directly or indirectly, or to an affiliated or group company.
Legal Disclaimers
The information provided on or through the Website is for general guidance and information purposes only and they do not in any manner indicate any assurance or opinion of any manner whatsoever. Any information may be prone to shortcomings, defects or inaccuracies due to technical reasons. Certain information on Website may be on the basis of our own appraisal of the applicable facts, law and regulations in force at the date hereof.
The information (and opinions, if any) contained on the Website may have been obtained from public sources believed to be reliable and numerous factors may affect the information provided, which may or may not have been taken into account. The information provided may therefore vary (significantly) from information obtained from other sources or other market participants. Any reference to past performance in the information should not be taken as an indication of future performance. The information is dependent on various assumptions, individual preferences and other factors and thus, results or analyses cannot be construed to be entirely accurate and may not be suitable for all categories of users. Hence, they should not be solely relied on when making investment decisions. Your investment or financial decision shall always be at your own discretion and based on your independent research; and nothing contained on the Website or in any information would construe ABCL/ABC Companies or any of its employees/authorized representative as having been in any way involved in your decision making process. Any information and commentaries provided on the Website are not meant to be an endorsement or offering of any stock or investment advice.
Nothing contained herein is to be construed as a recommendation to use any product, process, equipment or formulation, in conflict with any patent, or otherwise and Facilities Provider / ABCL/ABC Companies makes no representation or warranty, express or implied that, the use thereof will not infringe any patent, or otherwise. Information on this Website sourced from experts or third party service providers, which may also include reference to any ABCL Affiliate. However, any such information shall not be construed to represent that they belong or represent or are endorsed by the views of the Facilities Provider or ABC Companies. Any information provided or sourced from ABCL Affiliate belongs to them. ABCL is an independent entity and such information from any ABCL Affiliate are not in any manner intended or to be construed as being endorsed by ABCL or Facilities Provider. The information does not constitute investment or financial advice or advice to buy or sell, or to endorse or solicitation to buy or sell any securities or other financial instrument for any reason whatsoever. Nothing on the Website or information is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment or a solicitation of any type. Investment in the securities market and any financial instruments are inherently risky and you shall always assume complete and full responsibility for the outcomes of all the financial or investment decisions that you make, including but not limited to loss of capital. You are therefore advised to obtain your own applicable legal, accounting, tax or other professional advice or facilities before taking or considering an investment or financial decision.
No Solicitation
No Information at this Website shall constitute an invitation to invest in ABCL or any ABC Companies. These are meant for general information only or to meet statutory requirements or disclosures. ABCL or any of its employees are in no way liable for the use of the information by you, when making any decision or investing or trading through any investment vehicles or ABC Companies, or any other third party which may be engaged in offering of these services.
The information contained on this Website does not represent and should not be used to construe (i) the terms on which a new transaction would be entered into by ABCL or ABC Companies, (ii) the terms on which any existing transactions could be unwound by ABCL or ABC Companies, (iii) the calculation or estimate of an amount that would be payable following an early termination of any past/existing transactions or (iv) the valuations given to any transactions by ABCL or ABC Companies in their books of account for financial reporting, credit or risk management purposes.
Statutory Disclosure
ABCL and ABC Companies are engaged in a broad spectrum of activities in the financial services sectors. You understand and acknowledge that Aditya Birla Money Limited (‘ABML’), Aditya Birla Finance Limited (‘ABFL’) and Aditya Birla Sun Life Asset Management Company Limited and trustees and sponsor of Aditya Birla Sun Life Mutual Fund (‘ABSLMF’) are group companies and ABML / ABFL also acts as a distributor of ABSLMF. Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes. You are free to choose the execution facilities in the manner deemed fit and proper and no commission will be paid by ABSLMF to ABML / ABFL if you choose to execute a transaction with ABSLMF on the Website, unless otherwise agreed by you and ABML/ABFL separately. Information about ABML/ABFL, its businesses and the details of commission structure receivable from asset management companies to ABML/ABFL, are also available on their respective Website.
Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.
Force Majeure
The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.
Indemnification
You agree to protect and fully compensate Facilities Provider, ABCL, ABC Companies, subsidiaries, licensors, suppliers and facilities providers, employees, officers and directors, from any and all third party claims, liability, damages, expenses and costs (including but not limited to reasonable attorneys fees) caused by or arising from your use of the facilities, your violation of the Terms of Use or your infringement, or infringement by any other user of your account, of any intellectual property or other right of anyone.
No Waiver
The Facilities Provider, ABC Companies or any of its third party service providers and processor bank/merchants etc. shall not be deemed to have waived any of its/their rights or remedies hereunder, unless such waiver is in writing. No delay or omission on the part of Facilities Providers and ABC Companies, in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.
Exclusive Agreement
You agree that these Terms of Use are the complete and exclusive statement of agreement supersede any proposal or prior agreement, oral or written, and any other communications between you and the Facilities Provider and its Third Party Service Providers or processor bank/merchants relating to the subject matter of these Terms of Use. These Terms of Use, as the same may be amended from time to time, will prevail over any subsequent oral communications between you and the Website and/or the processor bank.
Termination
Either party can terminate this Agreement by notifying the other party in writing. Upon such termination You will not be able to use the facilities of this Website.
Governing Law and Jurisdiction
The Website specifically prohibits you from usage of any of its facilities in any countries or jurisdictions that do not corroborate to all stipulations of these Terms of Use. The Website is specifically for users in the territory of India. In case of any dispute, either judicial or quasi-judicial, the same will be subject to the laws of India, with the courts in Mumbai having exclusive jurisdiction.
These Terms and Conditions are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. You agree, in the event of any dispute arising in relation to these Terms and Conditions or any dispute arising in relation to the Website whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Mumbai, India for the resolution of all such disputes.
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