Terms & Conditions

By downloading or using the app, these terms will automatically apply to you – you should make sure therefore that you read them carefully before using the app. You’re not allowed to copy, or modify the app, any part of the app, or our trademarks in any way. You’re not allowed to attempt to extract the source code of the app, and you also shouldn’t try to translate the app into other languages, or make derivative versions. The app itself, and all the trade marks, copyright, database rights and other intellectual property rights related to it, still belong to ByajBook.


Byajbook app allows users to add and manage transactions related to money borrowed and lent with or without interest with friends, colleagues and family. The app allows users to add manual notes regarding the debts and provides automatic calculations for the debts related interest and return amount. All the debts and transactions added on Byajbook are informal and do not represent any written agreement or legal contract. Byajbook app is a work in progress and every feature might not work as intended.

Account Creation

In order to use app and services users are required to sign up using their contact number. We further require user Name information and optional profile information like email address and alternate contact number. The user should provide accurate information and shall update the information on the app in case of modification.

The information that we request will be retained by us and used as described in this privacy policy.

User is solely responsible for his account and shall not share their password/OTP with anyone. Any activity carried out from the user account will be the responsibility of the user. Incase of security breach and unauthorised access of user account users should immediately inform the Byajbook team.

By creating an account on ByajBook app you agree to receive new debt and transaction related notifications, Promotions, service information and messages.

Subscription of Services

  • Payment of Fees

ByajBook provides both free and paid services You will be required to make payment of subscription fees for the use of the advanced features available on the Site. Under no circumstances shall the fees paid by You for the use of the paid features be refunded. The following payment options are available on the Site:

  1. Credit and debit cards
  2. Cheque
  3. Net banking/Direct Debit payments from banks in India. A list of available options will be made available at the time of the transaction
  4. Payment Wallets
  5. UPI

To successfully subscribe to the paid services, the User is required to complete the transaction by making the payment for the services opted for.

  • Online Transactions and Payment Rules
When you use Services as provided by the Site, you may opt to transfer payment to your staff/employee(s). To process such financial transactions, the Site may use third-party electronic payment processors or service providers (ESPs). You permanently authorise us to instruct such ESPs to handle Account deposits and withdrawals from your account. You also permanently agree that in accordance with your requests as submitted, we may give such instructions on your behalf. You agree to be bound by the terms and conditions of use of each ESP, as appropriate. In the event of a conflict between these Terms of Use and the ESP's terms and conditions, these Terms of Use shall prevail.

Users should ensure that the instrument used to make the payment is his/her own. Users further understand and acknowledge the fact that ByajBook is not a bank, a financial institution, or a non-banking financial corporation. We maintain a nodal bank account for the services offered on the Site. All payment instructions made by Users are submitted to the nodal bank in order to effect the payment to other Users.

It is the sole responsibility of the Users to administer and manage the online banking and financial transactions and payments made through the Site. Users are solely responsible for acquainting themselves with, and complying with, all applicable laws of India, including those pertaining to online payments and transfer of funds through online and offline methods. Users have to be sure that they are complying with the requirements and regulations as framed by Reserve Bank of India (RBI) from time to time and any online monetary transaction in violation of the rules and regulations prescribed by the RBI and other applicable laws of India shall be solely attributable to the concerned User and We shall not be held liable in this regard.

In case the payment instructions issued by You are not effected for any reason, You will be intimated by WhatsApp or SMS or push notifications to the mobile no specified by you in this regard. We assume no further responsibility in relation to failed transactions on the Site.

  • Incorrect/ Misleading Information
You must ensure that the information/ documents provided by You on registration is correct, complete and not misleading. In case of any change in the information provided by You, You must promptly inform Us of such changes by updating Your details, so that We may communicate with You effectively.

Refund Policy

  • Refund of Subscription fee
The subscription fees paid for use of advanced features on the Site are non-refundable irrespective of whether the Services have been availed/ and or consumed. Your subscription plan will continue to remain active till the end of the subscription term and cancellation of subscription will not be allowed during the subscription term. Only in cases of any fraudulent transactions and/or error in transaction such as duplicity in payment and/or incorrect amount charged, we may refund the subscription fee at our sole discretion post successful verification.

  • Refund pertaining to transactions on the Site
We assume no responsibility and shall incur no liability in case of incorrect transactions and/or if ByajBook is unable to process the payment instructions issued by You owing to one or more of the following reasons:

  1. Payment instruction issued by You including but not limited to account number and UPI pin is incomplete, inaccurate, invalid or delayed;
  2. If Your payment account has insufficient funds/limits to cover the amount mentioned in the payment instructions;
  3. If the funds available in your payment account are under any encumbrance or charge;
  4. If your bank or the nodal bank refuses or delays honouring the payment instructions;
  5. Occurrence of a Force Majeure Event;
  6. Failure in the applicable bank or credit card service provider’s system or network.
Consent to Use Data

  • You agree that ByajBook may in accordance with its Privacy Policy collect and use your information and technical data and related information.
  • ByajBook may use information and data pertaining to your use of the Services for analytics, trends’ identification, and purposes of statistics to further enhance the effectiveness and efficiency of the Platform.
  • Subject to applicable laws, ByajBook may be directed by law enforcement agencies or the government and related bodies to disclose data in relation to Users in connection with criminal proceedings. You understand and agree that in such instances, ByajBook shall have the right to share such data with relevant agencies or bodies.
Third Party Services

Your Responsibilities

You should be aware that there are certain things that ByajBook will not take responsibility for. Certain functions of the app will require the app to have an active internet connection. The connection can be Wi-Fi, or provided by your mobile network provider, but ByajBook cannot take responsibility for the app not working at full functionality if you don’t have access to Wi-Fi, and you don’t have any of your data allowance left.

If you’re using the app outside of an area with Wi-Fi, you should remember that your terms of the agreement with your mobile network provider will still apply. As a result, you may be charged by your mobile provider for the cost of data for the duration of the connection while accessing the app, or other third party charges. In using the app, you’re accepting responsibility for any such charges, including roaming data charges if you use the app outside of your home territory (i.e. region or country) without turning off data roaming. If you are not the bill payer for the device on which you’re using the app, please be aware that we assume that you have received permission from the bill payer for using the app.

Along the same lines, ByajBook cannot always take responsibility for the way you use the app i.e. You need to make sure that your device stays charged – if it runs out of battery and you can’t turn it on to avail the Service, ByajBook cannot accept responsibility.

With respect to ByajBook’s responsibility for your use of the app, when you’re using the app, it’s important to bear in mind that although we endeavour to ensure that it is updated and correct at all times, we do rely on third parties to provide information to us so that we can make it available to you. ByajBook accepts no liability for any loss, direct or indirect, you experience as a result of relying wholly on this functionality of the app.

The ByajBook app stores and processes personal data that you have provided to us, in order to provide our Service. It’s your responsibility to keep your phone and access to the app secure. We therefore recommend that you do not jailbreak or root your phone, which is the process of removing software restrictions and limitations imposed by the official operating system of your device. It could make your phone vulnerable to malware/viruses/malicious programs, compromise your phone’s security features and it could mean that the ByajBook app won’t work properly or at all.

Disclaimer and Warranty

  1. The use of the Services is at your sole risk.
  2. You acknowledge and agree that Byajbook is not engaged in the provision, grant, or disbursement of any financial product. Byajbook is not and will not be responsible for any claim or for any damages suffered whether by the Users, the customers of the Users or any other person or party that are related, directly or indirectly, to or arise out of the use of financial products.
  3. Byajbook is just a technology platform service provider and does not hold any licence to engage in any activities relating to financial products.
  4. To the extent permitted by applicable law, the Services are provided on an “as is” and “as available” basis with no warranty of any kind.
  5. Byajbook disclaims all warranties of any kind, express or implied, arising out of the Services, including warranties of merchantability, fitness for a particular purpose, satisfactory quality, accuracy, title and non-infringement, compatibility, applicability, usability, appropriateness, and any warranty that may arise out of course of performance, course of dealing, or usage of trade.
  6. To the fullest extent permissible by law, Byajbook, its affiliates, and its related parties each disclaim all liability to you for any loss or damage arising out of or due to:

    • Your use of, inability to use, or availability or unavailability of the Services, including any Third Party Services;
    • The occurrence or existence of any defect, interruption, or delays in the operation or transmission of information to, from, or through the Services, communications failure, theft, destruction or unauthorized access to the Byajbook’s records, programmes, services, server, or other infrastructure relating to the Services; or
    • The failure of the Services to remain operational for any period of time.

  7. Not withstanding anything to the contrary contained herein, neither Byajbook nor any of its affiliates or related parties shall have any liability to you or any third party for any indirect, incidental, special or consequential damages or any loss of revenue or profits arising under, directly or indirectly, or relating, in any manner whatsoever, to these Terms or the Services. To the maximum extent permitted by law, you agree to waive, release, discharge, and hold harmless Byajbook, its affiliated and subsidiary companies, its parent companies, and each of their directors, officers, employees, and agents, from any and all claims, losses, damages, liabilities, expenses and causes of action arising out of the Services.
Term and Terminations

  1. These Terms shall remain in effect unless terminated in accordance with the terms hereunder.
  2. Byajbook may terminate a User’s access to or use of the Services, or any portion thereof, immediately and at any time, for any reason, at Byajbook's sole discretion.
  3. Upon termination these Terms shall terminate, except for those clauses that expressly or are intended to survive termination or expiry.
  4. Notwithstanding anything to the contrary contained in the Terms, upon termination of a User’s access to or use of the Services, all amounts or outstanding monies due by you in relation to your use of or access to the Services shall become immediately payable.
Modification and Update

ByajBook is committed to ensuring that the app is as useful and efficient as possible. For that reason, we reserve the right to make changes to the app or to charge for its services, at any time and for any reason. We will never charge you for the app or its services without making it very clear to you exactly what you’re paying for.

At some point, we may wish to update the app. The app is currently available on Android – the requirements for system(and for any additional systems we decide to extend the availability of the app to) may change, and you’ll need to download the updates if you want to keep using the app. ByajBook does not promise that it will always update the app so that it is relevant to you and/or works with the Android version that you have installed on your device. However, you promise to always accept updates to the application when offered to you, We may also wish to stop providing the app, and may terminate use of it at any time without giving notice of termination to you. Unless we tell you otherwise, upon any termination, (a) the rights and licenses granted to you in these terms will end; (b) you must stop using the app, and (if needed) delete it from your device.

Changes to This Terms and Conditions

We may update our Terms and Conditions from time to time. Thus, you are advised to review this page periodically for any changes. We will notify you of any changes by posting the new Terms and Conditions on this page.

These terms and conditions are effective as of 2021-06-13

Contact Us

If you have any questions or suggestions about our Privacy Policy, do not hesitate to contact us at support@byajbook.com.