Last updated: 16 Sep, 2021 | 06:46 am
Everything you need to know about the IND Rewards program at a single place
1. How do I earn the US Stock Rewards as part of the IND Rewards program?
You can earn the US Stock Rewards for:
2. What is a US Stock Reward?
As part of the IND Rewards program, you are awarded US stocks for FREE. You get to own the stocks of your favorite companies as a Reward.
You will be allotted fractional US stocks worth anywhere between Re 1 to Rs 1,000 as a Reward.
3. What can I do with my US Stock Reward?
You can follow the below steps:
For example, you were awarded an Amazon stock worth Rs 200 in Sep-21. Amazon has published great financial year results and in Apr-22 when the value of your stock moves to Rs 500. You can choose to sell your stock and get the Rs 500 value in your bank account.
4. How can I withdraw my US Stock Rewards?
You can withdraw your rewards by selling your holdings. To sell a holding:
Your money will be deposited into your account within 2 to 3 working days
5. How do I earn from my credit card spends?
Believe us when we say this, you'll be thrilled to hear how you would earn.
With the IND Rewards program, you can turn your spends into investments by earning free stocks of your favorite brands. Earn up to 1% of your spends as FREE Stock Rewards.
You can earn US stocks on the following brands:
Example - Spend ₹10,000 on Amazon and get up to ₹100 Amazon US stock as a Reward for FREE
6. Are there any limits for US stock rewards on credit card spends?
Enable credit card statement tracking on the app and win US stocks worth upto 1% of your spends on top merchants for each unique statement every month
The values are subjected to change from time to time without any intimation to the user.
7. What are the good financial actions I can do on INDmoney for earning US Stock Rewards?
Our Rewards are hyper personalized to each and every user with an objective to enable everyone of them to:
Few examples include:
Note - The Rewards you are eligible for are displayed under the 'My Rewards' tab of the Rewards section. Rewards are continuously updated and added each and every week.
8. What are the benefits of IND Rewards?
9. I can see multiple types of reward cards. What are they?
10. What is a gift card? How can I claim it?
A gift card is akin to a referral reward card. You must gift them to your friends who are not on INDmoney. For every friend who joins to accept your gift, both of you will earn rewards!
11. How can I claim an open card?
You can claim an open card simply by swiping up on the card. Please note that you must have opened your FREE US stocks trading account to claim your virtual US stock rewards. Similarly, you must open your FREE crypto trading account in order to claim your crypto rewards.
12. Why are my reward cards locked?
Reward cards are given to you when you perform a good financial action to improve your financial well-being. Each locked reward card shows how to unlock it.
13. How do I track my reward earnings?
You can track all your reward holdings under the My Holdings tab on your rewards dashboard.
14. Do my reward cards expire?
As of 13-Sep-2021 your unclaimed reward cards expire 90 days after they're earned. You must claim your rewards within 90 days after they're earned.
15. Do my claimed virtual US stocks and cryptocurrencies expire?
No, as of 13-Sep-2021 your rewards holdings never expire.
16. What happened to my old INDcoins?
All users were notified to buy a cryptocurrency of their choosing using their INDcoins. For users who did not buy any cryptocurrency using their INDcoins, their INDCoins were expired.
Your previous holdings from the INDCoins program are carried forward to the new INDRewards program.
17. Would I be awarded a real US stock?
No. All the stocks awarded to you are virtual stocks in nature that follow the exact price trend of real US stocks.
Additionally, we are working tirelessly to enable us to award you with real US stocks very soon.
18. What is a virtual stock?
A virtual stock is just a virtual representation of the actual real-time value of a stock. It is not part of the real stock. A virtual stock, then, is essentially a method for calculating a value that is granted in the form of rewards.
19. What do fractional stocks mean?
You can trade in fractional units of virtual US stocks and cryptocurrencies. In fact, you can even trade 0.00000001 units (up to the eight decimal) of a US stock or cryptocurrency.
20. Can I trade in these virtual holdings outside INDmoney?
No, these virtual holdings can only be sold using the INDmoney platform.
21. How much can I redeem in a month?
You can Redeem into a maximum of ₹2,500 (in real money) per month in your bank account by selling your virtual US stocks and cryptocurrencies.
22. How much can I redeem in a year?
You can Redeem into a maximum of ₹15,000 (in real money) per year in your bank account by selling your virtual US stocks and cryptocurrencies.
By participating in the rewards program, you are agreeing to the terms and conditions of INDmoney, INDmoney's reward program, and other similar programs on the application. Click here to read the detailed terms and conditions.