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Cancellation & Refund Policy

At RafiFintech Private Limited, cancellation policies generally refer to the terms and conditions under which a user can cancel their account, subscription, or services, such as payments or investments. While the specifics may vary between companies, a typical fintech cancellation policy might include:

Key Elements of a Fintech Cancellation Policy:

1. Subscription-Based Services:

Notice Period: Some Rafi Fintech Private Limited may require users to notify them a certain number of days in advance before canceling a service, such as a premium account.
Refund Eligibility: If you cancel a subscription, the policy may outline whether you're eligible for a refund for the unused portion of the service, or if refunds are not given.

2. Order Cancellation:

Order Deactivation: Rafi Fintech Private Limited typically allow users to deactivate or cancel accounts directly through their app or website. They may also require you to contact customer support for assistance.
Account Balances: If you have any funds left in your account, the cancellation policy will detail how these funds are handled. This may include options like transferring to another account or receiving a check or electronic transfer.

3. Service-Specific Cancellation:

Loans and Credit: If the fintech platform involves lending or credit, the cancellation policy may specify whether loans or credit lines can be canceled early and if there are penalties or fees for early termination.
Investments: If you're using a fintech platform for investing, the cancellation policy may refer to how investments can be liquidated or closed out, including any fees or penalties for doing so before a certain time.

4. Refunds:

Non-refundable Charges: Some fintech services, especially those involving processing fees, may have non-refundable charges in the event of cancellation.
Refund Timeline: Many Rafi Fintech Private Limited have a specific period (e.g., 5-7 business days) within which they will process any refunds, depending on the method of payment by NEFT/RTGS.

5. Termination of Services:

Termination by Company: In certain cases, the Rafi Fintech Private Limited may reserve the right to cancel a service or close accounts that violate terms of use.
Termination by User: Users often have the ability to cancel their services, although this may result in a loss of certain benefits like rewards, bonuses, or discounted fees.

Example Scenario:

If you're using a mobile payment platform and decide to cancel your subscription, you might need to cancel before the billing cycle renews to avoid further charges. If you cancel halfway through the month, you may only be refunded a portion of the charges, depending on the platform's terms.

To find the cancellation policy for a specific fintech service, it's best to consult the company's Terms of Service, FAQs, or contact their customer support directly.

Contact Customer Support View Full Terms