INDstocks refer and earn Terms & Conditions

This INDstocks refer & earn program (‘Program’) is offered, administered and controlled by INDmoney Private Limited, SEBI Registration No. INZ000305337, SEBI Depository Participant Registration No. IN-DP-690-2022 Depository Participant ID: CDSL 12095500, Trading and Clearing Member of NSE (90267, M70042) and BSE (6779), having registered office at 616, 6th Floor Suncity Success Tower, Sector 65, Gurugram, Haryana-122005 (“Company / INDmoney”).

The Program T&Cs shall be read along-with but not limited to INDmoney Platform Terms and Conditions and Privacy Policy, policies & procedures, account opening form(s), undertaking(s), tariffs, authorization(s) etc. governing your use of INDstocks securities trading services 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.

1. You can invite your friends & family by sharing your referral link / code via whatsapp or other similar apps / functionality to open their INDstocks Demat and Trading account.
2. The offer is valid from August 21, 2024, till it lasts and is applicable for new users i.e the users who are newly introduced by the Referrers .
3. Eligible users who have successfully opened and have an active INDstocks Demat and Trading account with Company would be permitted to participate in the Program.
4. 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.
5. Successful Referral: Referrer’s friend(s) need to complete their KYC, successfully open their Demat and Trading account with the Company by using Referrer’s referral link/code within 30 days from the date of Registration on the mobile application (‘Successful Referral.’). For clarity, successful opening of INDstocks Demat & Trading account implies when the account is opened after complete document & application verification in line with the SEBI / Exchange/ Depository regulations and internal policies and procedures of the Company.
6. Referral Reward(s): Only Referrer will be eligible to receive referral reward(s), depending on the Referral Program that the Referrer is eligible and has participated hereunder. Referee will not be eligible for any referral benefits whatsoever. The Company may simultaneously run multiple referral programs and may offer different referral incentive rates across different referring persons as Referral Reward(s) to the extent and for the period of the limited period Program. The One-Time Referral Reward(s) shall be as follows.
   • One-Time Referral Reward(s): For eligible users under One-Time Referral Reward category, the Referrer will be entitled to receive a one-time referral reward i.e., Rs. 250 or such referral reward amount per the applicable referral program against each Successful Referral (‘One-Time Referral Reward’). Please note, the One-Time Referral Reward shall always be subject to the applicable referral program offered by the Company and participated by the Referrer. The One-Time Referral Reward(s) will be subject to applicable taxes (if any). No Referral Reward shall be applicable for more than five referrals i.e, 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 One-Time Referral Reward can be claimed by Referrer post completion of Successful Referral, in following manner: On completion of Successful Referral, Referrer can claim the One One- Time Referral Reward by claiming the applicable reward card and receive the One-Time Referral Reward directly in their primary bank account registered with the Company within 3-5 working days from claiming the reward card. In case it is a weekly, public, bank and market holiday(s), the Referral Reward will be credited to primary bank account registered with the Company on the next working day. The Referrer can claim the One-Time Referral Reward within thirty days of being eligible for the One-Time Referral Reward card. After thirty days the One-Time Referral Reward card shall expire, and the Referrer shall not be eligible to claim the One- Time Referral Reward.
7. For clarity, the Referrer will receive the Referral Reward once the Referee account is activated (i.e. Demat and Trading account is opened after complete document & application verification in line with the SEBI / Exchange regulations and internal policies and procedures of the company) and the Referee completes all the Successful Referral criteria.
8. Please Note: Regardless of any referral program offered by the Company, 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 cap, the reward will not be processed, and no partial payments will be made once the aforementioned cap has been reached
9. 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
10. 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. In the event of cancellation of the program being regulatory or for any other non-avoidable reason, all the future Referral Rewards (whether accrued or unclaimed) shall stand forfeited forthwith.
11. When the Referrer opts to close their trading and demat account, they may redeem any remaining accumulated referral or outstanding amount in their registered primary bank account, subject to the timelines outlined in the Referral Rewards program and before trading and demat account closure. Please note, all referral rewards (whether accrued or pending) shall immediately stand cancelled / forfeited upon the closure of the Referrer’s trading and demat account. The Referrer will not be entitled to claim any further rewards for referrals (whether completed or in progress) after trading and demat account closure. Provided, however, this clause shall not be applicable to the Referrers whose trading and demat account is deactivated or closed under the instructions received from regulator, Exchanges, law enforcement agencies or other government bodies, or whose trading and demat account is suspended / deactivated / freezed / closed by Company on account of such INDstocks account found to be in violation of Company’s policies, procedures and/or terms and conditions, and such Referrer shall not be eligible to claim any rewards.
12. Any user who opens a new account after closing the existing account shall not be considered as Successful Referral and as such shall not be eligible for Referral Reward(s).
13. Company’s employee will not be eligible to participate in the Program for Referral Rewards.
14. 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.
15. 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 INDstocks refer & earn section.
16. The Referrer will 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.
17. Company’s decision on the computation of Referral Rewards, validity and redemption thereto shall be final, conclusive and binding on Referrer. Referrer undertakes and assure that Referrer shall not recover or attempt to recover any type of incentive / commission / fees from the Referee and represents that Referrer has not entered or offered to enter into any kind of financial transaction between Referrer and the Referee.
18. Company reserves the right to carry out checks & controls as it deem fit and proper, before disbursal of the referral reward amount to the Referrer, including but not limited to verifying that the Referrer holds an active INDstocks trading and demat account on the date of processing the rewards. Referrers who fail to meet this condition will not be eligible to receive referral rewards
19. Any grievances related to the 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.
20. 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.
21. The Company reserves the right, at its sole discretion, to adjust, set-off, or withhold the referral reward amount in part or in full, if the Referrer has any outstanding debit balance in their INDstocks account. This may include, but is not limited to, scenarios where the Referrer’s account reflects unpaid charges, fees, negative balances, or any other financial obligations owed to the Company. In such cases, the Company may offset the referral reward amount against the outstanding balance or decline to process the reward until the balance is settled in full. The Company may also refuse to issue any future rewards until all financial obligations are cleared.
22. This offer cannot be combined with any other offer.
23. 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:
    • 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.
24. THE BOMBAY STOCK EXCHANGE/NATIONAL STOCK EXCHANGE IS NOT IN ANY MANNER ANSWERABLE, RESPONSIBLE OR LIABLE TO ANY PERSON OR PERSONS FOR ANY ACTS OF OMISSION OR COMMISSION, ERRORS, MISTAKES AND/OR VIOLATION, ACTUAL OR PERCEIVED, BY US OR OUR PARTNERS, AGENTS, ASSOCIATES ETC., OF ANY OF THE RULES, REGULATIONS, BYE-LAWS OF THE BOMBAY STOCK EXCHANGE/NATIONAL STOCK EXCHANGE, SEBI ACT OR ANY OTHER LAWS IN FORCE FROM TIME TO TIME. THE BOMBAY STOCK EXCHANGE/NATIONAL STOCK EXCHANGE IS NOT ANSWERABLE, RESPONSIBLE OR LIABLE FOR ANY INFORMATION ON THIS WEBSITE OR FOR ANY SERVICES RENDERED BY OUR EMPLOYEES, OUR SERVANTS, AND US.
25. INVESTMENT IN SECURITIES ARE SUBJECT TO MARKET RISK PLEASE READ ALL DOCUMENTS BEFORE INVESTING.
26. This T&C is subject to guidelines/ directions issued by any applicable competent authority from time to time.
27. Company’s reserves the right to amend, modify, change, add or terminate the Program or discontinue this Program without any prior notice to Referrer on Referrer’s registered email id or registered phone number or by way of public notice or by way of written communication to registered address. The Program or limited period Program may or may not be available to all users who have opened Demat and Trading accounts with the Company and/or may or may not be available in all geographical regions. The Company reserves complete right and authority to decide the availability of Program for the Users, and the decision of the Company shall be final and binding. 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.

By agreeing to the T&C, you / Referrer specifically agree and accept to be bound by the following undertaking: