Dear Respected MG,
You go it wrong. Go between the lines.
Sorry, but I feel obligated to point out what I pointed out.
It is a blame on Hayai that Hayai has collected money and not providing the connection. If Hayai know that they can not provide the connection then must not collect the subscription...first provide the connection then collect the money.
We can only do so much in that respect. We have a dropdown list of available cities, yet we still get people signing up from other cities and other states by just selecting "Mumbai" and "Maharashtra" from the relevant dropdown and ignoring everything else.
In the event that Hayai *can* not provide the connection, then Hayai refunds the money. Otherwise, all other assumptions are that we *can* provide the connection.
Please accept that it is a complete project management failure at Hayai end. I don't think any one in your team qualified enough or at least PMP certified who know what all the basic things to manage a project.
You don't know the team.
Also, be noted that once you collect the money, you become the liable to customer service as in financial term, you general ledger book own the payable to customer either in service or refund with interest.
I'm aware of our obligations, however, the refund provided is for the amount paid and the timeframe for the same is subject to TRAI QoS guidelines. No interest is provided, and no other operator will offer a refund with interest either. Moreover, credit-card transactions have a grace-period anyway as the funds are not delivered to the merchant for several days after the transaction.
And here the point on which TRAI issue guieline to have customer service appropriate and you don't have even a customer contatc and office address on website. If any one sue you on the basis of not having registered office address on website, you will be suspect under the fraud....though we all trust you.
Both of these things are provided on the receipt, and the website is currently very much unfinished.
The major problem with Hayai is that this is lacking the a good governed project team.
Again, you don't know the team.
rkumar..means that .. he is related to finance industry
he wants to know how much Hayai collected and how much interest can Hayai get.
he does not mean that he wants to collect money on behalf of Hayai.
Probably a few cents of interest would be generated, but not in our bank account: that would be in the payment processors. The only interest being generated in Hayai's bank account is from money that I personally have put in there in cash from my own pocket. As of now, no payments from customers have reached Hayai's bank account.