Samsung Forever Scheme

• “Alliance Partner” shall mean Samsung India Electronics Ltd (SIEL). who has entered into an alliance agreement with ICICI Bank for purpose of providing the Offer.

• "ICICI Bank Net Banking Service(s)" shall mean internet banking services of ICICI Bank offered to ICICI Bank Net Banking User.

• "Card" shall mean Credit card (VISA/ Mastercard/ Amex) or Debit card (VISA/Electron/Maestro), which has been issued by ICICI Bank and is valid and subsisting during the Program/Offer Period.

• "Card Holder/s" shall mean such customer/s to whom a Card has been issued and who is authorized to hold the Card.

• "Program/“Offer” shall mean such cashback(s)/ discount(s) /benefit(s) provided by the Alliance Partner on purchase of Products/Services using ICICI Bank Net Banking Services, during the Offer Period on the Website.

• “Program/Offer Period” shall mean the period commencing from Jan 1, 2022 till Dec 31, 2024, both days inclusive.

• "Primary Terms and Conditions" shall mean the terms and conditions applicable to e ICICI Bank’s internet banking facility/service.

• “Products/Services” shall mean the goods/benefits/facilities offered by the Alliance Partner.

• “Void Transaction” shall mean any transaction wherein the transaction has taken place but has been canceled /rejected /unsuccessful by the Alliance Partner.

All capitalized terms used but not defined herein shall have the respective meanings prescribed to them in the Primary Terms and Conditions. These terms (“Terms”) shall be in addition to and not in derogation of the Primary Terms and Conditions. To the extent of any inconsistency between these Terms and Primary Terms and Conditions, these Terms shall prevail.

Applicable models: Leading models including (but not limited to) Samsung Galaxy S22 family, Samsung Galaxy Flip/ Fold series, A Series, M Series, F Series, Tablets and Wearables (offer models as agreed mutually by both parties)

Construct:

(1) 18m EMI with transaction amount split as 60:40 (Loan amount: Bullet payment) with the bullet charged at the end of the tenure

Interest cost:

(1) Special scheme for 18m - 8% on transaction amount (loan amount + bullet payment)

The availability of the offer is based on the following criteria:

• To avail benefits under the Offer the ICICI Bank Cardholder shall be required to make a transaction/purchase on the Website using ICICI Bank Cards during the Offer Period from Jan 1, 2023 till Dec 31, 2024.

• The Offer is valid only for select set of ICICI Bank Cardholder(s) selected at the sole discretion of ICICI Bank and those who have received communication about the Offer from ICICI Bank, during the Offer Period.

• Participation in the Offer by the ICICI Bank Cardholder/s is on a voluntary basis.

• The ICICI Bank Cardholder/s may avail the Offer during the Offer Period

• This Offer cannot be clubbed with any other Offer that may be made available to the ICICI Bank Cardholder/s by the Alliance Partner.

• The Offer is non-transferable, non-binding and non-encashable.

• The Offer is not valid for Void Transactions

• Offer is applicable on below devices only: S22 Series, Flip 4, Fold 4, Flip 3 & Fold 3 (and new versions in the flip/ fold series that may be launched during the term of the agreement)

• The device must be purchased from an authorized reseller store only.

• Offer valid only on card swiped on Plutus/Pinelabs POS/EDC terminal under brand EMI Alliance Partner Forever scheme

• The overall transaction amount will be divided into 2 parts i.e. 60% & 40% of the transaction amount

• 60% of the transaction amount (Loan amount) will be converted into equated monthly instalments of 18 months tenure.

• 40% of the transaction amount (deferred amount) will be billed to Cardholder/s after the end of completion of EMI tenure of loan amount, i.e. - in the 19th month credit card statement from the 1^st EMI month.

• The Cardholder/s shall be responsible to pay the said amount of 40% of the transaction amount at once and in whole as outstanding amount on the card in the billing cycle immediately succeeding the completion of the EMI tenure of the Offer

• Interest rate of 7.5% per annum on reducing basis shall be applicable on overall transaction amount.

• Entire interest amount @7.5% on overall transaction amount will be charged in the first 18 months of EMI tenure.

• Processing fee of 1% on 60% of transaction amount (loan amount) will be charged in the first month of EMI tenure.

• The Cardholder/s may close the facility (prepayment of the outstanding amount) at any time by contacting ICICI Bank's customer care to avail of the foreclosure. Foreclosure charges equal to 3% on outstanding principal amount plus next month’s interest shall be levied to card account. The card member necessarily has to call up the ICICI Bank customer care for complete prepayment of the facility.

• Goods and services tax will be applicable on processing fee, interest and foreclosure charges.

• This scheme is provided to cardholder as no extra cost* EMI. The benefit of no extra cost* EMI will be provided as cashback equal to total interest charged by the bank over a period of 18 month tenure. This cashback will be credited into open & active credit card account within 90 days from the end of transaction month, on a best effort basis.

1. Customer buys an Samsung mobile worth Rs.79,900/- (SIEL to confirm on specific model price for below calculation)

2. Rs 47940 (60% of Rs. 79,900) would be converted into EMI for 18 month tenure. Interest would be charged @7.5% (Per annum reducing rate) on Rs.79,900

3. Rs. 31960 (40% of Rs 79,900) would be taken as Deferred amount and the same will be billed in the 19th month from the 1^st EMI month.

a) Terms and conditions prescribed ICICI Bank Card Holders

• ICICI Bank holds out no warranty or makes no representation about the quality, delivery or otherwise of the goods and services or the assured gifts / prizes offered by the Alliance Partners. Any dispute or claim regarding the goods, services and assured gifts / prizes must be resolved by the Card Holder/s with the Alliance Partners directly without any reference to ICICI Bank.

• ICICI Bank does not guarantee and make any representation about the usefulness, worthiness and/or character of the discount / benefit or of the Products/Services under the Offer provided by the Alliance Partner.

• ICICI Bank shall not be liable in any manner whatsoever for any loss/ damage/ claim that may arise out of use or otherwise of any goods/ services / assured gifts / prizes availed by the Card Holder/s under the Program/Offer offered by the Alliance Partner/s.

• All issues / queries / complaints / grievances relating to the Offer, if any, shall be addressed to Alliance Partner without any reference to ICICI Bank.

• ICICI Bank reserves the right to disqualify the Alliance Partner/s or Card Holder/s from the benefits of the Program if any fraudulent activity is identified as being carried out for the purpose of availing the benefits under the Program or otherwise by use of the Card.

• The cash back/ discount /assured gift / prize is sponsored by the Alliance Partner and the Card Holder/s shall be bound by the terms and conditions stipulated by the Alliance Partner in this regard.

• ICICI Bank shall not be held liable for any delay or loss that may be caused in delivery of the goods and services or the assured gifts / prizes.

• The Program/Offer is not available wherever prohibited and / or on merchandise / products / services for which such programs cannot be offered for any reason whatsoever.

• The Offer is not available wherever prohibited and / or on products / services for which such offers cannot be made available for any reason whatsoever.

• ICICI Bank/Alliance Partner reserve the right to modify/ change all or any of the terms applicable to the Offer without assigning any reasons or without any prior intimation whatsoever. ICICI Bank also reserves the right to discontinue the Offer without assigning any reasons or without any prior intimation whatsoever.