Payment Policy

Payment Policy Terms*

**1. Introduction**  

This Payment Policy outlines the terms and conditions regarding payments for goods and/or services provided by Prashant Resistors Company (“the Company”). By making a purchase, you agree to be bound by these terms.

**2. Payment Methods**  

We currently accept the following payment methods:  

- Credit/Debit Cards (Visa, MasterCard, etc.)  

- Bank Transfers  

- [Add any additional payment methods if applicable, such as PayPal]  

**3. Payment Terms**  

- **Prepaid**: All orders must be paid in full prior to shipment or delivery.  

**4. Invoicing**  

- Invoices will be issued upon receipt of your order. Payment is expected within [insert due timeframe, e.g., "7 days from the invoice date"] unless otherwise stated.  

**5. Late Payments**  

- A late fee of 1% per month will be applied to overdue invoices after [insert the number of days, e.g., "30 days"] past the due date.  

- The Company reserves the right to suspend services or shipments until outstanding payments are settled.  

**6. Currency**  

All prices listed are in Indian Rupees (INR). Payments must be made in INR.  

**7. Refunds and Cancellations**  

- For products: Refund requests must be made within [insert number of days, e.g., "14 days"] from the date of delivery.  

- For services: Cancellations must be made at least [insert number of days, e.g., "3 days"] in advance.  

- Specific refund/cancellation terms can vary; please refer to our Refund Policy for detailed information.  

**8. Security**  

We take the security of your payment information seriously. All transactions are processed using secure encryption methods to ensure your data is protected.  

**9. Changes to Payment Policy**  

The Company reserves the right to modify this Payment Policy at any time. Changes will be effective immediately upon posting on our website. Continued use of our services or products after changes signifies your acceptance of the modified terms.  

**10. Contact Information**  

If you have any questions regarding this Payment Policy, please contact us at:  

- Phone: 9594729721