Legal Agreement

Terms of Service

Last Updated: March 01, 2026

1. Agreement & Acceptance

These Terms of Service constitute a legally binding electronic agreement between you (“User”, “Customer”, or “You”) and HINDUSTAN MFG (having GSTIN: 27BZWPK3501Q1ZM, operating under the commercial brand name "PayCred", hereinafter referred to as "we", "us", or "our").

By accessing our website (https://paycred.tech), creating an account, booking flight tickets, or engaging our software engineering services, you confirm that you have read, understood, and agreed to be bound by these Terms of Service, our Privacy Policy, and our Cancellation & Refund Policy.

2. Description of Platform Services

PayCred is a digital technology platform offering the following services:

Utility Bill Payments & BBPS Recharges: Enabling users to pay utility bills (Electricity, Piped Gas, Water, LPG, Broadband, Landline) and recharges (Mobile Prepaid/Postpaid, DTH, Fastag) with instant BBPS confirmation and digital receipts.
Domestic Education & Tuition Fee Payments: Secure domestic payment rail enabling parents, students, and guardians to pay school, college, university, and coaching fees in Indian Rupees (INR) exclusively to verified educational institutions situated in India with automated digital receipts.
Online Flight Search & Booking: Enabling customers to search, compare, and book domestic and international flight tickets across major commercial airlines with instant e-ticket generation.
Custom Software Engineering & IT Consulting:Full-stack web application development, mobile app engineering (Android & iOS), cloud architecture, and technical consulting.
Digital Solutions & Bill Invoicing: Generating GST-compliant electronic invoices, transaction statements, and digital payment receipts.

3. Flight Booking Terms & Passenger Guidelines

Passenger Information: You agree that all passenger names, government ID details, contact information, and travel dates submitted during booking are 100% accurate and match valid government-issued photo ID (Aadhaar/Passport/Driving License).
Airline Carriage Conditions: All flight bookings are subject to the specific Conditions of Carriage, baggage restrictions, check-in timelines, and fare rules of the respective operating airline.
Schedule Changes: Airlines reserve the right to alter flight schedules or cancel flights due to operational or weather exigencies. PayCred will notify passengers via email/SMS upon receiving intimation from the airline.

4. Custom Software Development Terms

Scope of Work: Custom software deliverables, feature requirements, and delivery milestones are documented in a formal Statement of Work (SOW) or project proposal.
Intellectual Property (IP): Upon final milestone payment clearance, 100% intellectual property ownership of custom source code is transferred to the client.

5. Prohibited Conduct & Security Standards

Strict Compliance Notice & Anti-Cash Advance Policy

Users agree not to utilize the platform for any unlawful activities, including unauthorized automated scraping, fraudulent credit card transactions, identity falsification, money laundering, or attempting to compromise platform security infrastructure.

Prohibition of Cash-Out / Peer-to-Peer Transfers: Credit card payments on PayCred are strictly restricted to legitimate payments for educational institution fees, utilities, airline bookings, or professional software services. The use of credit cards for self-transfers, unauthorized cash advances, peer-to-peer money transfers to personal bank accounts, or circumventing card issuer limits is strictly prohibited. Any violation will result in immediate termination of the account and formal reporting to acquiring banking partners and statutory regulatory bodies.

Prohibition of Cross-Border & Foreign Remittances: In strict compliance with Reserve Bank of India (RBI) regulations for Payment Aggregators and the Foreign Exchange Management Act (FEMA), PayCred operates solely for domestic transactions within the Republic of India settled in Indian National Rupees (INR). The platform does NOT support, facilitate, or permit: (a) cross-border educational remittances; (b) tuition fee payments to foreign or overseas schools, colleges, or universities abroad; (c) foreign exchange transactions or outflows under the Liberalised Remittance Scheme (LRS); or (d) payments in foreign currencies. Any attempt to use PayCred for cross-border tuition remittances or prohibited categories is strictly disallowed and will result in immediate transaction cancellation, account termination, and reporting to regulatory and banking partners.

6. Payment Processing & Card Security

All online payments on PayCred are processed securely through licensed, RBI-authorized Payment Aggregator and Payment Gateway partners adhering to strict PCI-DSS Level 1 compliance and 256-bit SSL encryption.

PayCred does not store, process, or transmit raw credit card numbers or CVVs. All card-on-file handling utilizes RBI-mandated tokenization issued directly by payment networks (Visa, Mastercard, RuPay).

7. Governing Law & Jurisdiction

These Terms of Service are governed by and construed in accordance with the laws of the Republic of India. Any legal disputes or claims arising out of the use of our services will be subject to the exclusive jurisdiction of the competent courts in Mumbai, Maharashtra, India.

8. Contact & Grievance Officer

Operating Entity: HINDUSTAN MFG (trading as PayCred)

Support Email: support@paycred.tech

Phone: +91 83560 14390

Address: HINDUSTAN MFG, Devi Dayal Compound, Kanjurmarg East, Mumbai, Maharashtra — 400042, India

PayCred

🇮🇳Proudly Made in India

Fast • Secure • 100% RBI Compliant

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