ONDC SETTLEMENT TERMS

Settlement terms of Resilient Innovations Private Limited (RIPL) are as follows

T, i.e., Settlement Basis shall be Date of Order Return Expiry. To clarify, an order shall become eligible for settlement on one of the 4 events mentioned above.

Settlement Window shall be 2 days. To clarify, the settlement day shall be T + 2 . Therefore, payments shall be settled on daily basis as mentioned below:

T + 2 shall imply that orders for which–

T was on Monday, the settlement day shall be the following Wednesday

T was on Tuesday, the settlement day shall be the following Thursday

T was on Wednesday, the settlement day shall be the following Friday

T was on Thursday, the settlement day shall be the following Saturday (if Saturday is not a bank/public holiday)

Issues or queries on the settlements made shall be entertained within a maximum of 7 days of providing the recon file with payment details updated.