Provided, however, the onus shall lie on the Account Holder/User to ensure that there are no violations of any law, regulation, authorization including (FEMA or Exchange Control) and the Account Holder/User shall be solely liable for any violation thereof. The Bank shall endeavor to ensure that transfers are not made to any Beneficiary Card not issued in India.VMT Facility is not applicable for transfers to Beneficiary Cards not issued in India.This service is not applicable for cards issued by any other Issuing authority. VMT Facility is only applicable for debits and credits to VISA Cards issued in India.The Account Holder/ User shall provide to the Bank all the information as may be required, in the absence of which the Bank shall not be liable to permit the Account Holder / User to avail of the VMT Facility.VMT Facility is provided by the Bank at the request of the Account Holder/ User such request shall be treated as authorization by the Account Holder/ User to the Bank for debiting the Account for the amounts transferred to a Beneficiary using the VMT Facility together with charges if any.VMT Facility offers Account Holder/ User online funds transfer either through ATM or through Online SBI from the Card issued by the Bank to any other VISA debit or credit card issued by the Bank / any other bank.Transaction shall mean the funds transfer from the Account Holder's Card and to the Beneficiary's Card.Instruction refers to the instruction(s) given by the Account Holder/User to State Bank of India to debit his/her Account and Credit the Beneficiary's Card with the Beneficiary Bank.Beneficiary's Card means debit card or credit card issued by the Beneficiary Bank to the Beneficiary in association with VISA International.Beneficiary Bank means the bank which has issued a Debit Card or Credit Card to the Beneficiary.Beneficiary means a person whose Beneficiary Bank Card number has been provided by the Account Holder / User to the Bank for transfer of funds from the Account Holder/User's Card to the Beneficiary Bank Card.Account Holder refers to a customer of State Bank of India who holds a savings / current account and who has been issued a Card.Account shall mean the savings / current account held with State Bank of India.The Card means ATM Gold Debit Card issued in association with VISA International.OnlineSBI means Internet Banking facility offered by State Bank of India.The Bank means State Bank of India, a body corporate established by means of an Act of the Parliament and having its Corporate Office at “State Bank Bhawan”, Madame Cama Road, Nariman Point, Mumbai – 400 021, the proprietors of the Card, and includes its successors, assigns, nominees, representatives, agents. In these Terms and Conditions, unless the context indicates the following words and phrases shall have the meanings indicated against them: State Bank of India shall endeavor to provide its customer, the Visa Money Transfer Facility through its Internet Banking Portal (as defined hereinafter) subject to the Terms and Conditions herein specified. Terms and Conditions for VISA Money Transfer

Vmt meaning