This US Stocks Refer & Earn program (‘Program’) is offered, administered and controlled by Finzoomers Services Private Limited (“Company / INDmoney”).
The Program T&Cs shall be read along-with but not limited to INDmoney Platform Terms and Conditions and Privacy Policy, Technology Facilitation Agreement, US stock-broker terms and conditions etc. governing your use of US stocks account maintained with the Company shall form a legally binding agreement between you and Company for participating in the Program.
By proceeding ahead, you hereby agree and accept to be bound by the Program Terms and Conditions (“T&Cs”) mentioned below for the Program.
You can invite your friends & family by sharing your referral link / code via whatsapp or other similar apps / functionality to open their US stocks account.
The offer is valid from 1-May-2023 till it lasts.
Eligible users who have successfully opened a US Stocks account via Company would be permitted to participate in the Program.
This Program is applicable only on mobile application and user(s) completing the account opening journey via INDmoney website will not be considered under the Program.
Referrer’s friend(s) need to complete their account opening process by using Referrer’s referral link/code. For Referrer to be eligible to get the referral reward the Referred friend has to first add funds of minimum Rs. 1,000 in the first single transaction in their US stocks wallet, within 30 days from opening of US stocks account (‘Successful Referral.’).
Referrer will be eligible to receive referral reward(s) against maximum five Successful Referrals in any calendar month i.e., Rs. 500 per Successful Referral (‘Referral Reward’). The Referral Rewards will be subject to applicable taxes (if any). No Referral Reward shall be applicable for more than five referrals; however, Referrer can share as many referral as desired. The Company may, at its sole discretion, offer a limited period Program having differentiated Referral Reward, to the extent and for the period of the limited period Program.
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 swiping up the applicable reward card and receive the Referral Reward directly in their verified bank account within 3-5 working days from Referrer swiping up the reward card. In case it is a weekend, public holiday or a bank holiday, the Referral Reward will be credited to verified bank account on the next working day.
The Referrer can claim the reward within thirty days of being eligible for Referral Reward card. After thirty days the Referral Reward card shall expire, and the Referrer shall not be eligible to claim the Referral Rewards.
For clarity, the Referrer will receive the Referral Reward once the Referee US stock account is activated and the Referee completes all the Successful Referral criteria.
All payouts made to such Referrer/s under this Program shall be post Tax Deducted at Source (TDS) which shall be at 5% or as per applicable law (if applicable).
Company at its sole discretion, reserves the right to either temporarily or permanently, withdraw or suspend the Program at any time without giving any notice or assigning any reason for the same., whether in respect of one or more user.
Any person who opens a new account after closing the existing account will also not be considered for as Successful Referral and as such shall not be eligible for Referral Reward.
Company 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 Program.
For queries/complaints pertaining to redeeming of the rewards mentioned in the refer and reward section, Referrer can raise a ticket via help section within US stocks refer & earn section.
The Referrer shall not undertake any form of selling / advisory activities in secondary market w.r.t securities and will not manage the portfolio Referee. Referrer shall strictly limit his / her role to “Referral” only.
Company reserves the right to carry out checks & controls as it deem fit and proper, before disbursal of the referral amount to the Referrer.
Spam, bulk distribution of invitations, distribution to strangers or any other promotion of Company’s Referral offer through invitations that would constitute or appear to constitute unsolicited commercial e-mail, SMS, publishing any article or content about Company’s products, services etc.
Advertisement of any kind in any form on any medium print, audio visual form, web etc including social media (facebook, twitter, whatsapp, instagram, youtube etc.), or spam under any applicable law or regulation. (Advertisement includes all forms of communications like any information about Company’s products, services etc, form of document, pamphlets, circulars, brochures, notice or any research reports or any other literature or information, material published, or designed for use in a newspaper, magazine, SMS or other periodical, radio, television, telephone or tape recording, video tape display, signs or billboards, motion pictures, telephone directories (other than routine listings) or other public media including any generally accessible websites or emails, whether in print or audio visual form or used in workshop/seminar or public speaking or in any other manner. This also includes social media including but not limited to Facebook, Twitter, Instagram, YouTube, WhatsApp, etc.
Fraud, attempted fraud or abuse of the Company’s Program or these Terms & Conditions.
Selling, trading, bartering or providing anything of value to your Invitee beyond the referral invitation or otherwise using Your Program invitations or Rewards for promotional purposes.
Organising competitions, contests online, posting content about Company etc.
Any act or omission resulting in damage to Company in any form whatsoever in nature.
Any grievances related to above scheme/offer/campaign would not be entertained under investor protection or grievance redressal measures of the Exchange. The grievance related to the scheme shall be addressed by Company’s grievance redressal mechanism and will not be governed by any other grievance redressal forum of regulator/s.
If the details provided for referral(s) are incomplete / incorrect / invalid / duplicate, the Referrer who has provided a reference shall not be entitled to any Referral Reward under the Program.
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:
Company reserves the right to nullify the Referral Rewards earned by you, in case of Company induced closure of your INDmoney account or the termination / cancellation / deletion of your INDmoney account or the termination/cancellation of the respective reward program including the Program.
UNDER NO CIRCUMSTANCES AND UNDER NO LEGAL THEORY, TORT, CONTRACT, OR OTHERWISE, SHALL COMPANY BE LIABLE TO OTHER OR ANY OTHER THIRD PERSON FOR ANY INDIRECT, SPECIAL, PUNITIVE, INCIDENTAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES OF ANY CHARACTER INCLUDING, WITHOUT LIMITATION LOSS OF REVENUES, PROFITS, GOODWILL, USE OF APPLICATION, DATA LOSS OR OTHER INTANGIBLE OR ECONOMIC LOSSES EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE FOREGOING WILL APPLY REGARDLESS OF WHETHER SUCH LIABILITY IS BASED IN CONTRACT, TORT, (INCLUDING BUT NOT LIMITED TO NEGLIGENCE) AND STRICT LIABILITY OR ANY OTHER THEORY OF LEGAL LIABILITY.
COMPANY IS NOT A US STOCK BROKER NOR IT OPEN(S) OR MAINTAIN(S) ANY BROKERAGE ACCOUNT(S). COMPANY DOES NOT PROVIDE BROKERAGE SERVICES OR ANY INVESTMENT ADVICE TO ITS USERS / CUSTOMERS WITH RESPECT TO REMITTANCES AND MERELY ACTS AS A TECHNOLOGY & MARKETING PARTNER FOR OPENING OF US STOCKS ACCOUNT. THE CUSTOMER / INVESTOR AGREES THAT ALL THE DECISIONS PERTAINING TO THE REMITTANCES ARE THEIR OWN INFORMED DECISION.
PLEASE READ TECHNOLOGY FACILITATION AND REFERRAL SERVICES AGREEMENT, ALPACA CUSTOMER AGREEMENT, DRIVEWEALTH CUSTOMER AGREEMENT, US STOCK FAQS PRIOR TO AVAILING / INVESTING IN US STOCKS. COMPANY ASSUMES NO RESPONSIBILITY NOR SHALL BE LIABLE IN ANY MANNER WHATSOEVER FOR ANY AND ALL LOSSES, CLAIMS, DAMAGES, PROCEEDINGS, PENALTIES, SUITS, ACTIONS ARISING OUT OR IN RELATION TO UNAVAILABILITY OF TECHNOLOGY AND SERVICES PROVIDED BY COMPANY, FAILURE TO ACCESS USER ACCOUNT DUE TO NON-AVAILABILITY OF COMPANY, ANY ACT OF OMISSION OR COMMISSION BY US STOCK BROKER, DEFICIENCY OF SERVICES FOR AND ON BEHALF OF US STOCK BROKER. RELEVANT SEC & FINRA FEES, APPLICABLE.
PLEASE NOTE, US STOCKS ARE NOT EXCHANGE TRADED FUNDS IN INDIA AND COMPANY ACTS IN THE CAPACITY OF FACILITATOR OF THIS PRODUCT. ALL DISPUTES WITH RESPECT TO THE TRANSACTION FACILITATION SERVICES, WOULD NOT HAVE ACCESS TO INDIAN EXCHANGE INVESTOR REDRESSAL FORUM OR ARBITRATION MECHANISM IN INDIA.
DISPLAY OF ANY TRADEMARKS, TRADE NAMES, LOGOS AND OTHER SUBJECT MATTERS OF INTELLECTUAL PROPERTY BELONG TO THEIR RESPECTIVE INTELLECTUAL PROPERTY OWNERS. DISPLAY OF SUCH IP ALONG WITH THE RELATED PRODUCT INFORMATION DOES NOT IMPLY ANY RIGHTS, TITLE OR INTEREST IN FAVOUR OF FINZOOMERS SERVICES PRIVATE LIMITED AND/OR ANY OF ITS GROUP, SUBSIDIARY, ASSOCIATE AND/OR AFFILIATE ENTITIES.
INVESTMENT IN SECURITIES ARE SUBJECT TO MARKET RISK PLEASE READ ALL DOCUMENTS BEFORE INVESTING. THE RETURNS DISPLAYED ON OUR PLATFORM; ADVERTISEMENT AND PROMOTIONAL MATERIAL IS JUST FOR REFERENCE PURPOSE AND SHALL NOT BE CONSIDERED AS ANY KIND OF ADVICE OR RECOMMENDATION. PLEASE NOTE THAT PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.
This T&C is subject to guidelines/ directions issued by any applicable competent authority from time to time.
Company’s reserves the right to amend, modify, change, add or terminate the Program or discontinue this Program without any prior notice. The Program or limited period Program may or may not be available to all users who have opened US Stocks account with the Company and/or may or may not be available in all geographical regions. Company reserve the right, in its sole discretion to decide the availability of Program for the users. In case there is any discrepancy or dispute regarding this Program, the decision by Company shall be final and binding, neither Company nor any third party shall have any liability towards any Referrer/Referee. The Company’s decision on Successful Referral shall be final and binding.