These Terms and Conditions ("Terms") govern the Referral Rewards Program ("Referral Program") independently offered by Finzoom Investment Advisors Private Limited ("INDmoney", "we", "us" or "our") on the INDmoney Platform ("Platform") without any reference to its group companies / subsidiaries.
By participating in the Referral Program, you ("User", "Your", or "You") acknowledge that you have read, understood, and agree to be bound by these Terms, as well as INDmoney's General Terms and Conditions and Privacy Policy. These Terms are in addition to and do not supersede or replace any other agreements between You and INDmoney, including those pertaining to the use of the Platform or any other services offered thereon.
Under this Referral Program, the referring User ("Referrer") may be eligible to receive referral rewards subject to the fulfillment of certain conditions as outlined in these Terms and specific conditions as detailed in the applicable Referral Rewards Program Listing.
For specific program listing please refer Referral Rewards Program Listing.
Eligibility for participation in the Referral Program is extended to all existing Users of the INDmoney Platform who have a PAN verified account and / or such criteria as contemplated under referral rewards program listing. However, INDmoney reserves the right, at its sole and absolute discretion, to determine / modify eligibility for the Referral Program and may, without prior notice or obligation to provide reasons, exclude any User from participating in the program.
All Users eligible as Referrers shall be assigned a unique alphanumeric code and/or referral link for the purpose of Referral Program (“Referral Code”). The Referral Code shall be accessible to the Referrer through their account on the INDmoney Platform. To initiate the referral process, the Referrer must share their unique Referral Code, as assigned by INDmoney, with the new user being referred (“Referee”). It is the sole responsibility of the Referrer to ensure that the Referral Code is communicated accurately to the Referee. The Referee, in turn, must enter this Referral Code during the sign-up process on the INDmoney Platform. It is imperative that the Referral Code is entered by the Referee before the completion of the onboarding process, as retroactive application of Referral Codes is strictly prohibited and will not be honored under any circumstances. INDmoney shall not be held responsible for any errors or omissions in the communication or entry of the Referral Code.
The Referral Program’s validity shall be determined as per the referral rewards program listing. The Referral Program is applicable for new users i.e., the users who are newly introduced by the Referrers.
Successful Referral: The Referral Rewards shall be earned upon the successful fulfillment of the following conditions: (a) the Referee must complete the onboarding process (including profile verification by validating PAN) on the INDmoney Platform using the Referrer's valid Referral Code; and (b) the Referee must successfully perform the qualifying action detailed in the applicable referral program under Referral Rewards Program Listing within the specified timeline.
Referral Reward(s): For eligible users under this Referral Program, the Referrer will be entitled to receive a referral reward amount as per the applicable referral program under Referral Rewards Program Listing against each Successful Referral (“Referral Reward”). Please note, the Referral Reward shall always be subject to the applicable referral program offered by the INDmoney and participated by the Referrer. The Referral Reward(s) shall be subject to applicable taxes (if any). The Referrer can earn a maximum up to a ceiling limit (as defined for an applicable referral program under Referral Rewards Program Listing) in a calendar month against all Successful Referral’s made by the Referrer. Subject to ceiling limits, there shall be no further Referral Reward(s) for any friend(s) you refer to in that calendar month; however, Referrer can share as many referrals as desired. The Referral Reward can be claimed by Referrer post completion of Successful Referral, in following manner: On completion of Successful Referral, Referrer can claim the Referral Reward by claiming the applicable reward card and the Referral Reward amount will be added to the rewards balance of the Referrer within T+2 day(s). The Referrer can claim the Referral Reward within thirty (30) days of being eligible for the Referral Reward card. After thirty (30) days the Referral Reward card shall expire, and the Referrer shall not be eligible to claim the Referral Reward.
Please Note: Regardless of any referral program offered by the INDmoney, the total Referral Rewards are capped at a maximum of Rs. 12,500 (Rupees Twelve Thousand Five Hundred Only) per financial year (April 1 to March 31). Once a Referrer has claimed rewards up to this limit, they will no longer be eligible to receive or accumulate any additional Referral Rewards within the same financial year. For clarity, if a Referrer becomes eligible for a reward that exceeds the remaining balance of the ceiling limit, the reward will not be processed, and no partial payments will be made once the aforementioned cap has been reached.
The Referrer acknowledges that, payouts made under this Program may subject to Tax Deducted at Source (TDS) at such rate prevalent as per applicable law.
All Referral Rewards earned through participation in the Referral Program are subject to strict usage limitations as specified in the Referral Rewards Program Listing. Under no circumstances can these Rewards be transferred to another User, exchanged for cash or any other form of currency, or used for any purpose other than those expressly authorized on the Platform.
The Referrer shall be solely responsible for any taxes, duties, or other liabilities imposed by governmental authorities in connection with the receipt or use of any Referral Reward. INDmoney will not be held liable for any tax implications or obligations resulting from the Referrer's participation in the Referral Program. INDmoney shall have the right to deduct or withhold any applicable taxes from any Referral Reward prior to crediting the same to the Referrer.
Each Referee is permitted to use only one Referral Code during the onboarding process. Any attempt to use multiple or duplicate Referral Codes is strictly prohibited and may result in the disqualification of both the Referrer and the Referee from the Referral Program. Furthermore, Referrers are expressly forbidden from creating multiple accounts to take advantage of the Referral Program. Such activities, if detected, will result in immediate disqualification from the Referral Program and may lead to the suspension or termination of any and all associated accounts.
This offer cannot be combined with any other offer.
Referrer agrees that the following activities are expressly prohibited and engaging in any of these will lead to initiation of legal and criminal action against you and also result in immediate termination and disqualification from the Program, forfeiture of existing referral invitations and accrued, but not yet received, Referral Rewards:
INDmoney reserves the right, at its sole discretion, to delay or withhold the crediting of any Referral Reward pending verification of compliance with these Referral Terms and the absence of any fraudulent, abusive, or illegal activity; deny, revoke, or seek the return of any Referral Reward if it determines, in its sole discretion, that the Referral Reward was issued in error or that the Referrer or Referee has engaged in any fraudulent, abusive, or illegal activity or has otherwise violated these Referral Terms; impose limits on the number of Referral Rewards that may be earned by any Referrer within a specified time period; modify, suspend, or terminate the Referral Program, or an individual's ability to participate in the Referral Program, at any time and for any reason, without prior notice or explanation. This right extends to situations where INDmoney suspects fraudulent activity, abuse of the program, or any violation of these Terms or the general Terms and Conditions of the Platform. Furthermore, INDmoney retains the right to investigate and verify the authenticity of any referral before awarding Referral Rewards. In cases where INDmoney determines that a referral does not comply with these Terms or has been obtained through fraudulent means, INDmoney may withhold or revoke the associated Referral Rewards.
Expiry Policy: Referral Rewards must be claimed within thirty (30) days of being eligible for the Referral Reward card. Any Referral Rewards that remain unclaimed after this period will be automatically forfeited without any further notice or compensation. The Referrer shall be solely responsible for tracking the expiry dates of his Referral Rewards and ensuring timely utilization. INDmoney shall not be obligated to provide any compensation or replacement for expired Referral Rewards.
Notwithstanding anything to the contrary, INDmoney reserves the right to implement additional eligibility criteria, checks and/or verification criteria’s as deemed necessary to determine whether or not a transaction / referral is eligible for rewards it may include but not be limited to implementing de-dupe checks on transactions, cards, PAN, KYC. In event, if in sole discretion of INDmoney, INDmoney reasonably determines that a particular transaction and/or referral is not eligible for rewards, INDmoney shall forfeit / cancel the rewards for said customer, without any further liability.
In the event of account closure, voluntary or involuntary, any accumulated Referral Rewards will be immediately forfeited. INDmoney reserves the right to revoke or cancel any Referral Rewards if it determines, in its sole discretion, that such Rewards were obtained fraudulently or in violation of these Terms.
In the event of any dispute arising out of or in connection with the Referral Program, including but not limited to disputes regarding eligibility, reward calculation, or reward crediting, the decision of INDmoney shall be final and binding. Users agree to waive any right to contest INDmoney's decision in this regard. However, INDmoney commits to investigating any reported discrepancies or issues in good faith and will make reasonable efforts to resolve such matters in a fair and timely manner.
INDmoney reserves the right to amend, modify, or update these Terms at any time without prior notice to the Users. Any such changes will be effective immediately upon posting the revised Terms on the Platform. It is the responsibility of the Users to regularly review these Terms to stay informed of any updates. Continued participation in the Referral Program after the posting of any changes to these Terms constitutes acceptance of those changes.
INDmoney and any of its officers, directors, personnel and employees shall not be liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary and consequential in any way arising from this Referral Program.
These Terms shall be governed by and construed in accordance with the laws of India. Any disputes arising out of or in connection with these Terms or the Referral Program shall be subject to the exclusive jurisdiction of the courts in New Delhi, India. The User agrees to comply with all applicable laws, statutes, ordinances, and regulations regarding their use of the Platform, Services, and participation in the Referral Program.
THE PLATFORM, SERVICES, AND REFERRAL PROGRAM ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED, OR STATUTORY. BY USING THE PLATFORM, AVAILING THE SERVICES, OR PARTICIPATING IN THE REFERRAL PROGRAM, THE USER ACKNOWLEDGES THAT THEY HAVE READ THESE TERMS, UNDERSTOOD THEM, AND AGREE TO BE BOUND BY THEM. IF THE USER DOES NOT AGREE TO ANY OF THE TERMS HEREIN, THEY MUST NOT USE THE PLATFORM, AVAIL THE SERVICES, OR PARTICIPATE IN THE REFERRAL PROGRAM.INDMONEY SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.