In consideration of Axis Bank agreeing to provide the Services and access to the Axis Bank Internet Banking Application and/or services to the Customer, the Customer shall, at his own expense, hereby irrevocably
agrees, to indemnify, defend and hold harmless Axis Bank, its affiliates, subsidiaries and their respective employees, directors, advisors, agents, consultants, successors, representatives, and/or assigns
(hereinafter referred to as “the Indemnified”), from time to time as the case may be, and at all times fully and without limit against all direct and/or indirect (including third party) claims,
costs, damages, demands, suits, proceedings, actions, expenses, fines, losses, liabilities, compensation, penalties and/or prosecution including attorney's cost/ expenses of any nature whatsoever (“Losses”),
threatened, accrued, incurred or suffered by the Indemnified directly or indirectly arising out of or in connection with the use of the services and any and all transactions initiated by the use of the
Axis Bank Internet Banking Application services and/or whether with or without the knowledge of the Customer, or whether the same have been initiated bona fide or otherwise which transactions, the Customer
hereby acknowledges, the Indemnified has processed on the Customer’s transaction instructions and authority of the Customer in accordance with these terms and conditions and other applicable specific
terms and conditions, as the case may be. The Customer further agrees and confirms that this indemnity shall remain valid and subsisting and binding upon the Customer notwithstanding partial withdrawal
of the services.
The Customer hereby agrees to pay the Indemnified on demand such amount as may be solely determined by Indemnified to be sufficient to indemnify it against any such Losses even though they may not have arisen
or are contingent in nature.
